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Agenda Packet 2025_0402
Board of Directors General Manager Jeff Bender TRUCKEE DONNERBrian C. Wright Christa Finn Public Executive Leadership Tony Laliotis Lr 9P91 F Chad J. Reed Courtyney Murrell Jared Carpenter Steve Randall REGULAR BOARD MEETING Mike Swanson 11570 DONNER PASS ROAD, TRUCKEE Michael Salmon 6:00 PM, Wednesday, April 2, 2025 Steven Poncelet AGENDA Scott Crow Jillian Steward Martina Rochefort 1. Call to Order 2. Roll Call 3. Pledge of Allegiance 4. Changes to the agenda 5. Public Comment— This is time set aside for the public to address the Board on any matter not on the agenda. Testimony related to any agendized matter should be addressed at the time that that item is considered. (The public may comment on any subject that is not on the agenda. Each speaker will be limited to three minutes, but speaker time may be reduced at the discretion of the Board President if there are a large number of speakers on any given subject.) DIRECTOR UPDATE 6. This item provides time for Directors to comment on any item within the purview of the District. DEPARTMENT UPDATES 7. This item provides time for each Department to update the Board of Directors. CONSENT CALENDAR 8. Consideration of Annual Resolutions for Special Tax- Gray's Crossing and Old Greenwood Communities Facilities Districts a) Adopt Resolution 2025-07 requesting Nevada County to collect the special taxes for the Gray's Crossing 04-1 Community Facilities District; and b) Adopt Resolution 2025-08 requesting Nevada County to collect the special taxes for the Old Greenwood 03-1 Community Facility District. a ASPEA I P%UL LEADERSHIP FaUN.�i...I..I ON® 11570 Donner Pass Road,Truckee,CA 96161 Phone-530-587-3896-www.tdpud.org Page 1 of 234 9. Award of a Contract to Develop Contract Documents for Rehabilitation of the Bridge Street 6170 Tank #1 Authorize the General Manager to execute a professional services contract with Carollo Engineers to develop contract documents for rehabilitation of the Rehabilitation of the Bridge Street 6170 Tank #1 for an amount of $23,427, plus a ten percent change order allowance for a total authorization not to exceed $25,800. 10. InComm Vanilla Direct Pay (3rd Party Payments) Approve the implementation of the NISC integrated InComm Vanilla Direct Pay (3rd party payments) for TDPUD customers. 11. Consideration of Scheduling a Public Hearing Related to the Adoption of an Ordinance Authorizing the Board to Appoint and Establish Compensation of Officers of the District by Resolution Schedule a Public Hearing at the regularly scheduled District Board Meeting on May 7, 2025, at 6:00 PM, or as soon thereafter, for the purpose of receiving input on the adoption of a proposed ordinance authorizing the Board of Directors to appoint and establish compensation for officers of the District by way of resolution. 12. Consideration of Contract for Fire Alarm System Upgrades at District Headquarters Authorize the General Manager to execute a construction contract with Johnson Controls, Inc. to perform fire alarm system upgrades in the amount of $19,670, plus a 10% contingency amount, or $1,967, for a total authorization not to exceed $21,637. 13. Consideration of Scheduling a Public Hearing Related to Adoption of the Annual Electric and Water Standby Charges Schedule a public hearing at the regularly scheduled District Board Meeting on May 7, 2025 at 6:00 PM, or as soon thereafter, for the purpose of receiving input on the adoption of annual Electric and Water Standby Charges. 14. Consideration for Approval of a Professional Services Contract to Conduct an Electric Utility Cost of Service Analysis and Rate Study Authorize the General Manager to execute a professional services agreement with HDR Engineering Inc. for the 2025 Electric Cost of Service Analysis and Rate Study in the amount of$82,243 plus a ten percent change order allowance of $8,224 for a total authorization not to exceed $90,467. 15. Consider Approval of the Treasurer's Report, April 2025 Page 2 of 234 Approve the Treasurer's Report for April 2025 which includes: a. Fund Balances for the Month of January 2025 b. Disbursements for the Month of February 2025 16. Consider Approval of Meeting Minutes Consider approval of March 12, 2025 Special Meeting Minutes ACTION ITEMS 17. Consideration to approve a procurement contract with Howard Industries for customer payment kiosk Authorize the General Manager to execute a procurement contract with Howard Industries for the purchase of one customer payment kiosk for an amount not to exceed $25,000, which includes kiosk for $19,919 and contingency, taxes and other fees totaling $5,081. 18. Consideration of Authorizing the General Manager to Execute the Agreement Regarding APN# 043-010-005-000. A. Determine that the waiver of current Penalty and Interest for APN# 043- 010-005-000 agreement complies with the requirements of Government Code section 53340(f), and B. Authorize the General Manager to execute the Agreement regarding APN# 043-010-005-000 (Attachment 1); accepting full payment for all installment special tax amounts past due, in exchange for waiving current Penalty and Interest amounts 19. Consideration of Authorizing the General Manager to Execute the Agreement Regarding APN# 019-770-002-000. A. Determine that the waiver of current Penalty and Interest for APN# 019- 770-002-000 agreement complies with the requirements of Government Code section 53340(f), and B. Authorize the General Manager to execute the Agreement regarding APN# 019-770-002-000 (Attachment 1); accepting full payment for all installment special tax amounts past due, in exchange for waiving current Penalty and Interest amounts 20. Consideration for Designation of Labor Negotiators for the General Manager's Employment Contract Page 3 of 234 Appoint two members of the District's Board of Directors to serve as negotiators for the General Manager's Employment Contract 21. Consideration of Vote for Local Agency Formation Commission of Nevada County's Open Regular Member Seat Consider two candidates for open Special Districts Regular Member seat on Local Agency Formation Commission (LAFCo) of Nevada County and take action for vote on the attached LAFCo Election Ballot. CLOSED SESSION 22. Closed Session Pursuant to Government Code Section 54957 Public Employee Dismissal/Termination 23. Closed Session Pursuant to Government Code Section 549567.8 Conference With Real Property: Donner Lake Reserved Water Right Agreement with Truckee Meadows Water Authority; District Negotiator: General Manager, Brian Wright, Under Negotiation: Reserved Water Right Terms. 24. Closed Session Pursuant to Government Code Section 54957 Public Employee General Manager's Performance Plan Review. 25. Closed Session Pursuant to Government Code Section 54957.6 Conference with Labor Negotiator Agency Negotiator(s): As Appointed in Agenda item 20 Unrepresented Employee: General Manager ADJOURNMENT The agenda is available for review at the TDPUD administrative office and the District's internet website. Posted on Friday, March 28, 2025. Martina Rochefort, District Clerk A copy of the agenda packet is available for public review, during normal business hours, at the district administrative office located at 11570 Donner Pass Road. Public participation is encouraged. The meeting location is accessible to people with disabilities. Every reasonable effort will be made to accommodate participation of the disabled in all of the Districts public meetings. If particular accommodations for the disabled are needed (i.e. disability-related aids, or other services), please contact the District Clerk at (530) 582-3923 or martinar@tdpud.org, at least 24 hours in advance of the meeting. Any person with a disability may submit a request for reasonable modification or accommodation to the above-described means for accessing and offering comment at the meeting to Martina Rochefort, District Clerk, or email at martinar@tdpud.org, who will swiftly resolve such a request. Page 4 of 234 AGENDA ITEM #7 Public Utility District m MEETING DATE- April 2, 2025 TO- Board of Directors FROM: SUBJECT: This item provides time for each Department to update the Board of D i recto rs. APPROVED BY: Brian C. Wright, General Manager RECOMMENDATION: BACKGROUND: ANALYSIS AND BODY: Water Utility Report u 8 Water Deliveries As the current water year progresses (spanning from October 1 through September 30), overall precipitation levels have been consistent with historical averages. However, much of this precipitation has fallen as rain rather than snow, leading to rapid runoff across the Truckee region's terrain and reducing its effectiveness for water supply. In February, water production from the PUD Wells saw a slight 2% decline when comparing 2024 to 2025. When measured against the three-year average for February, the decrease is more pronounced at 9%. These trends may be attributed to evolving consumption habits, ongoing conservation measures, or broader environmental influences. System Updates Please join us in congratulating Thomas "TJ" Dwyer on his new role as Water Department Operations Manager! With 15 years of dedicated service to the District, TJ Page 1 of 6 Page 5 of 234 brings extensive experience and leadership to this position. His vast expertise in water distribution and treatment, gained through hands-on work across multiple systems, will be invaluable in ensuring efficient and reliable operations. We look forward to his continued contributions and leadership in this critical role. Due to this year's below-average snowfall, contractors have the opportunity to begin construction earlier than expected, with work anticipated to start in early April. However, construction cannot commence until the Lahontan Regional Water Quality Control Board lifts restrictions on non-emergency earth-disturbing activities, ensuring compliance with environmental regulations. In the Glenshire community, the meter exchange program is well underway, contributing to system upgrades and advancing water conservation initiatives. Accurate meters are crucial for assessing compliance with the upcoming California Conservation: A Way of Life regulation, ensuring precise water usage measurements. Meanwhile, the Distribution and Operations crews are wrapping up winter maintenance programs to prepare for the start of construction. Capitalizing on the mild conditions, the Distribution crew was able to accelerate valve-turning efforts, completing the work months ahead of schedule to strengthen system reliability and efficiency. Customer Service Scores, last month: How much time did it take us to address your questio... Overall,how satisfied were you with the experience w C� Answered:26 Skipped,1 Answered:27 Skipped_0 100% 100% 90% 90% 8D% 50% 70% 70% 60% 60% 50% 50% 40% 4C% 30% 30% 20% 20% 1 D% 10% 0% 0% Much Shorter Aboutwhat Longer Much Extremely Very Somewhat Not so Not at all shorter than I expected than Longerthan satisfied satisfied satisfied satisfied satisfied than expected expected expected expected Please categorized the reason(s)for your service call Please provide your customer type for this service int... Answered.26 Skipped Answered:27 Skipped:0 100% Residential, 80% Full Time 60% Residential, 40% Second Home 20% 0% � � IIIIIIIIII■ � Commercial Billing Payment New Power Water leak New question question S¢rvic¢or outage commercial Stop Service 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Service... February YTD Billing Metrics Page 2 of 6 Page 6 of 234 • Electric - accounts average of 14,841 is up 0.5% over the prior year and the kWh billed per account per month average of 1,155 is up 1.9% over the prior year. Average billed kWh per account per month 1,300 1,2D0 1,100 • • 1,000 900 • • I1 800 — • 700 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2025 2024 • 2023 • 2022 2021 kWh-per billing day average by month 2025 and Syr Average(2022-2024) December is the most common Peak Demand(KW)Month ■3yr Average ■2025 600,000 500,00u 400,000 300,000 200,000 --4----------I------- 100,0W — Jan Feb r,^ar._..._..._..._... APr................... May______...- Jue Jul Aug Sep Oct Nov • Water - accounts average of 13,715 is up 0.4% over the prior year and the gallons billed per account per day average of 125 is up 4% over the prior year. Water Gallons per Account per Billing Day Average by Month-Residential and Commercial Combined 600 489 511 500 qqb 400 365 286 300 200 126126 124114 114 110 109 , 100 Feb Mar Apr May Jun 10 Aug Sep 0'r ■2025 ■2024 Finance and Accounting • Completed closeout of 2024 financial and preparing financial statements/ACFR. • The 2024 audit fieldwork by Moss Adams of financial statements begins April 7th. • UAMPS YTD February wholesale power compared to prior year-, costs of $2.2M are down 5.4%; with volume of 34,755 MW down 0.7% and Cost per MW of $64 Page 3 of 6 Page 7 of 234 down 4.7%. Natural gas prices are currently trending up, which could potentially reverse the YTD favorable trend. • FED BLS Consumer Price Index (U) - February 2025 YoY Change - USA 2.8%, SFOH 2.7% • Part of the Month - Fault Circuit Indicators (FCI) - 16.8 oz., $349+tax per, purchased 81 in March. Fault Circuit Indicators (FCI) will automatically detect the normal load flowing through the power line. When a fault occurs, the device senses a large increase in load and begins to flash. The device can detect the difference between a permanent fault or a temporary fault, and flashes red or yellow. The flashes stop after power is restored, an amount of time passes, or it is manually reset. a. M 4 General Services • Facilities and Fleet provided standard/typical maintenance, snow removal, and support services. • Fleet - 2025(2024): Total Miles January 22,503 (25,179), February 21,251 (23,843), Safety Score 94.9% (95.8%) Human Resources and Risk Staffing Congratulations to TJ Dwyer for being promoted to Water Operations Manager! Current Job Openings: 2 seasonal Water Helper positions are accepting applications until April 1st Culture • 4/02- Birthday& Anniversary Celebrations- PB&J Day Page 4of6 Page 8 of 234 • 4/22- Earth Day Celebration -TDPUD Clothes Swap, Garden & Plant Refresh, Chili Cook-off Recognition • Customer Service Department- Integrity • Matt Wellise-Timeliness Staff Development 4/29/25 - Leadership Meeting - Microsoft Teams Training Safety& Risk In March,the District was awarded a $10,000 Risk Control Grant from our insurance provider ACWA JPIA. The District submitted an application for our Emergency Operations Program development and staff training. Our submission was awarded the grant under their Unified Preparedness Project category for the anticipated mitigation results it will provide the District directly, and by extension,the overall membership of ACWA JPIA. • 4/09/25-Asbestos Concrete Pipe/Sodium Hypochlorite Safety Training • 4/09/25-Office Safety/Ergonomics Safety Training • 4/24/25-Safety Committee Meeting GOALS AND OBJECTIVES: District Code 1.05.020 Objectives: 1. Responsibly serve the public. 2. Provide a healthy and safe work environment for all District employees. 3. Provide reliable and high quality water supply and distribution system to meet current and future needs. 4. Provide reliable and high quality electric supply and distribution system to meet current and future needs. 5. Manage the District in an environmentally sound manner. 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 2. Environmental Stewardship: Create a sustainable resilient environment for all our communities. 3. Engage with our customers and communities in a welcoming and transparent way to identify opportunities. 4. Take the best of private sector thinking to modernize the utility and add value to our communities. 5. Developing an inclusive culture drives organizational integration and success. FISCAL IMPACT: Page 5 of 6 Page 9 of 234 ATTACHMENTS: None Page 6 of 6 Page 10 of 234 AGENDA ITEM #8 Public Utility District m MEETING DATE: April 2, 2025 TO: Board of Directors FROM: Melanie Rives, Finance & Accounting Manager Michael Salmon, Chief Financial Officer SUBJECT: Consideration of Annual Resolutions for Special Tax: Gray's Crossing and Old Greenwood Communities Facilities Districts APPROVED BY: Brian C. Wright, General Manager RECOMMENDATION: a) Adopt Resolution 2025-07 requesting Nevada County to collect the special taxes for the Gray's Crossing 04-1 Community Facilities District; and b) Adopt Resolution 2025-08 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 District. Page 1 of 2 Page 11 of 234 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 2024-2025 assessment period were $864,100 for Old Greenwood and $3,433,200 for Gray's Crossing. These resolution's assessments for the 2025-2026 assessment period are $893,500 for Old Greenwood and $3,501,900 for Gray's Crossing. There is no fiscal impact on the district's electric or water utilities. ATTACHMENTS: 1. R2025-07 Assessment-GraysCrossing CFD 04-01 NevadaCnty 2. R2025-08 Assessment-Old Greenwood CFD 03-01 NevadaCnty Page 2 of 2 Page 12 of 234 Attachment 1 TRUCKEE DONNER Public Utility District Resolution No. 2025-07 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 2025-2026. 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, 2025, a copy will be forwarded to the Auditor Controller of the County. For a complete listing of direct charges for fiscal year 2025-2026, see Exhibit A. 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 XIIID of the California 1 Page 13 of 234 Attachment 1 Constitution (Proposition 218). 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 April 2, 2025 by the following roll call vote: AYES: NOES: ABSENT: TRUCKEE DONNER PUBLIC UTILITY DISTRICT By Christa Finn, President ATTEST: Brian Wright, General Manager 2 Page 14 of 234 Truckee Donner Public Utility District Community Facilities District No. 04-1 (Gray's Crossing) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 019-370-041-000 $45,714.88 019-870-038-000 $5,683.74 043-010-002-000 31,550.32 019-870-039-000 5,494.28 043-010-003-000 74,301.40 019-880-001-000 6,062.66 043-010-004-000 6,471.32 019-880-002-000 6,252.12 043-010-006-000 130,357.50 019-880-003-000 5,873.20 043-010-008-000 14,737.78 019-880-004-000 6,062.66 019-770-003-000 4,546.98 019-880-005-000 6,252.12 019-770-004-000 4,395.42 019-880-006-000 5,873.20 019-770-005-000 4,395.42 019-880-007-000 5,683.74 019-770-006-000 4,395.42 019-880-008-000 5,683.74 019-770-007-000 4,395.42 019-880-009-000 5,683.74 019-770-008-000 4,395.42 019-880-010-000 5,683.74 019-770-009-000 4,395.42 019-880-011-000 5,494.28 019-770-010-000 4,395.42 019-880-012-000 5,494.28 019-770-011-000 4,395.42 019-880-013-000 5,873.20 019-770-012-000 4,395.42 019-880-014-000 5,873.20 019-770-013-000 4,395.42 019-880-015-000 6,062.66 019-770-014-000 4,395.42 019-880-016-000 5,683.74 019-770-015-000 4,395.42 019-880-017-000 5,683.74 019-770-016-000 4,243.86 019-880-018-000 5,873.20 019-770-017-000 4,243.86 019-890-002-000 5,683.74 019-770-018-000 4,243.86 019-890-003-000 5,683.74 019-780-001-000 4,546.98 019-890-004-000 5,683.74 019-780-002-000 4,546.98 019-890-005-000 5,873.20 019-780-003-000 4,546.98 019-890-006-000 5,683.74 019-780-004-000 4,546.98 019-890-007-000 5,683.74 019-780-005-000 4,850.12 019-890-008-000 6,062.66 019-780-006-000 4,546.98 019-890-009-000 5,683.74 019-780-007-000 5,001.68 019-890-010-000 5,683.74 019-780-008-000 4,698.56 019-890-011-000 5,494.28 019-780-009-000 4,546.98 019-890-012-000 5,494.28 019-780-010-000 4,698.56 019-890-013-000 5,494.28 019-780-011-000 4,395.42 019-890-014-000 5,873.20 019-780-012-000 4,546.98 019-890-015-000 5,494.28 019-780-014-000 4,546.98 019-890-016-000 5,494.28 019-780-015-000 4,698.56 019-890-017-000 5,683.74 019-780-016-000 4,546.98 019-890-018-000 5,494.28 019-780-017-000 4,698.56 019-900-002-000 5,873.20 019-780-018-000 4,698.56 019-900-003-000 5,683.74 019-780-019-000 4,546.98 019-900-004-000 5,494.28 019-780-020-000 4,698.56 019-900-005-000 5,494.28 019-780-021-000 4,546.98 019-900-006-000 5,494.28 019-780-022-000 4,395.42 019-900-007-000 5,494.28 019-780-023-000 4,395.42 019-900-008-000 5,494.28 019-780-024-000 4,395.42 019-900-009-000 5,494.28 019-780-025-000 4,395.42 019-900-010-000 5,683.74 019-780-026-000 4,395.42 019-900-011-000 5,683.74 019-780-027-000 4,395.42 019-900-012-000 6,252.12 019-780-028-000 4,395.42 019-900-013-000 6,252.12 Willdan Financial Services Page 1 of 5 Page 15 of 234 Truckee Donner Public Utility District Community Facilities District No. 04-1 (Grays Crossing) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 019-780-029-000 4,546.98 019-900-014-000 5,873.20 019-790-002-000 4,395.42 019-900-017-000 5,494.28 019-790-003-000 4,546.98 019-900-018-000 5,494.28 019-790-004-000 4,546.98 019-900-019-000 6,062.66 019-790-005-000 4,395.42 019-900-020-000 6,062.66 019-790-006-000 4,395.42 019-900-021-000 5,683.74 019-790-007-000 4,395.42 019-900-022-000 6,252.12 019-790-008-000 4,850.12 019-900-023-000 6,252.12 019-790-009-000 4,395.42 019-900-024-000 6,062.66 019-790-010-000 4,395.42 019-900-025-000 5,873.20 019-790-011-000 4,698.56 019-900-026-000 5,683.74 019-790-012-000 4,698.56 019-900-027-000 6,252.12 019-790-013-000 4,395.42 019-910-001-000 5,494.28 019-790-014-000 4,395.42 019-910-002-000 6,062.66 019-790-015-000 4,546.98 019-910-003-000 5,873.20 019-790-016-000 4,395.42 019-910-004-000 5,304.82 019-790-017-000 4,395.42 019-910-005-000 5,494.28 019-790-018-000 4,395.42 019-910-006-000 5,494.28 019-790-019-000 5,001.68 019-910-007-000 5,873.20 019-790-020-000 4,395.42 019-910-008-000 5,494.28 019-790-021-000 4,395.42 019-910-009-000 5,494.28 019-790-022-000 4,698.56 019-910-010-000 5,304.82 019-790-023-000 4,698.56 019-910-011-000 5,304.82 019-790-024-000 4,546.98 019-910-012-000 5,494.28 019-790-025-000 4,546.98 019-910-013-000 5,304.82 019-790-026-000 4,243.86 019-910-014-000 5,494.28 019-790-027-000 4,546.98 019-910-015-000 5,873.20 019-800-001-000 4,698.56 019-910-016-000 5,873.20 019-800-002-000 4,395.42 019-910-017-000 5,494.28 019-800-003-000 4,395.42 019-910-018-000 5,683.74 019-800-004-000 4,546.98 019-910-019-000 6,062.66 019-800-005-000 4,243.86 019-910-020-000 5,494.28 019-800-030-000 5,001.68 019-910-021-000 5,494.28 019-800-008-000 4,546.98 043-020-003-000 6,062.66 019-800-009-000 4,546.98 043-020-006-000 5,683.74 019-800-010-000 4,395.42 043-020-007-000 6,062.66 019-800-011-000 4,395.42 043-020-008-000 5,873.20 019-800-012-000 4,850.12 043-020-009-000 5,683.74 019-800-015-000 4,698.56 043-020-010-000 5,683.74 019-800-016-000 4,546.98 043-020-011-000 5,683.74 019-800-017-000 4,546.98 043-020-012-000 5,683.74 019-800-020-000 4,698.56 043-020-013-000 5,683.74 019-800-021-000 4,546.98 043-020-014-000 6,252.12 019-800-022-000 4,395.42 043-020-017-000 5,683.74 019-800-023-000 4,395.42 043-020-018-000 6,062.66 019-800-024-000 4,395.42 043-020-019-000 6,252.12 019-800-025-000 4,698.56 043-020-020-000 6,252.12 019-800-026-000 4,546.98 043-020-021-000 6,252.12 019-800-027-000 4,546.98 043-020-022-000 5,873.20 Willdan Financial Services Page 2 of 5 Page 16 of 234 Truckee Donner Public Utility District Community Facilities District No. 04-1 (Gray's Crossing) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 019-800-028-000 4,546.98 043-020-023-000 5,494.28 019-800-029-000 4,546.98 043-020-024-000 5,115.36 019-800-031-000 8,942.42 043-020-025-000 5,873.20 019-800-032-000 9,548.68 043-020-026-000 5,683.74 019-840-001-000 5,683.74 043-020-027-000 5,873.20 019-840-002-000 5,683.74 043-020-028-000 5,873.20 019-840-003-000 5,494.28 043-020-029-000 6,062.66 019-840-004-000 5,683.74 043-020-030-000 6,062.66 019-840-005-000 5,304.82 043-030-001-000 5,683.74 019-840-006-000 5,494.28 043-030-002-000 5,494.28 019-840-007-000 5,494.28 043-030-003-000 5,873.20 019-840-008-000 5,683.74 043-030-004-000 6,062.66 019-840-009-000 5,683.74 043-030-005-000 6,252.12 019-840-010-000 5,683.74 043-030-007-000 6,252.12 019-840-011-000 5,683.74 043-030-008-000 6,062.66 019-840-012-000 5,873.20 043-030-009-000 5,494.28 019-840-013-000 5,873.20 043-030-010-000 5,494.28 019-840-014-000 5,873.20 043-030-011-000 5,494.28 019-840-015-000 5,494.28 043-030-012-000 5,873.20 019-840-016-000 5,494.28 043-030-013-000 6,252.12 019-840-017-000 5,494.28 043-030-014-000 6,252.12 019-840-018-000 5,494.28 043-030-015-000 6,252.12 019-840-019-000 5,494.28 043-030-016-000 6,252.12 019-840-020-000 5,494.28 043-030-017-000 6,252.12 019-840-021-000 5,494.28 043-030-018-000 6,252.12 019-840-022-000 5,494.28 043-030-019-000 6,252.12 019-840-023-000 5,494.28 043-030-020-000 6,252.12 019-840-024-000 5,494.28 043-030-021-000 6,252.12 019-840-025-000 5,494.28 043-030-022-000 6,252.12 019-840-026-000 5,683.74 043-030-023-000 6,062.66 019-840-027-000 5,683.74 043-040-003-000 5,494.28 019-840-028-000 5,494.28 043-040-004-000 5,683.74 019-840-029-000 5,494.28 043-040-005-000 5,683.74 019-840-030-000 5,873.20 043-040-006-000 5,683.74 019-850-002-000 5,683.74 043-040-007-000 5,873.20 019-850-003-000 5,683.74 043-040-008-000 6,252.12 019-850-004-000 5,683.74 043-040-009-000 6,252.12 019-850-005-000 5,683.74 043-040-010-000 6,252.12 019-850-006-000 5,683.74 043-040-011-000 6,252.12 019-850-007-000 5,683.74 043-040-012-000 6,252.12 019-850-008-000 5,683.74 043-040-013-000 6,252.12 019-850-009-000 5,494.28 043-040-014-000 6,252.12 019-850-010-000 5,494.28 043-040-015-000 6,252.12 019-850-011-000 5,494.28 043-040-016-000 6,252.12 019-850-012-000 5,494.28 043-040-017-000 6,252.12 019-850-013-000 5,683.74 043-040-018-000 6,062.66 019-850-014-000 5,494.28 043-040-019-000 5,873.20 019-850-015-000 5,494.28 043-040-020-000 6,062.66 019-850-016-000 5,494.28 043-040-021-000 5,873.20 Willdan Financial Services Page 3 of 5 Page 17 of 234 Truckee Donner Public Utility District Community Facilities District No. 04-1 (Gray's Crossing) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 019-850-017-000 6,062.66 043-040-022-000 5,873.20 019-850-018-000 5,683.74 043-040-023-000 6,062.66 019-850-019-000 5,494.28 043-040-024-000 6,252.12 019-850-020-000 5,494.28 043-040-025-000 6,252.12 019-850-021-000 5,494.28 043-040-026-000 6,252.12 019-850-022-000 5,494.28 043-040-027-000 5,683.74 019-850-023-000 5,494.28 043-040-028-000 5,683.74 019-850-024-000 5,494.28 043-040-029-000 6,062.66 019-850-025-000 5,494.28 043-040-030-000 6,252.12 019-850-026-000 5,494.28 043-040-031-000 6,252.12 019-850-027-000 5,683.74 043-040-032-000 5,873.20 019-860-002-000 5,873.20 043-040-033-000 5,683.74 019-860-003-000 6,062.66 043-040-034-000 5,494.28 019-860-004-000 5,873.20 043-050-002-000 2,728.18 019-860-005-000 5,873.20 043-050-003-000 2,728.18 019-860-006-000 5,873.20 043-050-004-000 2,728.18 019-860-007-000 5,683.74 043-050-005-000 2,728.18 019-860-008-000 5,873.20 043-050-007-000 2,728.18 019-860-009-000 5,873.20 043-050-008-000 2,728.18 019-860-010-000 5,494.28 043-050-009-000 2,728.18 019-860-011-000 5,494.28 043-050-017-000 2,728.18 019-860-012-000 5,494.28 043-050-018-000 2,728.18 019-860-013-000 5,494.28 043-050-019-000 2,728.18 019-860-014-000 5,494.28 043-050-020-000 2,728.18 019-860-015-000 5,494.28 043-050-011-000 2,728.18 019-860-016-000 5,494.28 043-050-012-000 2,728.18 019-860-017-000 5,683.74 043-050-013-000 2,728.18 019-860-018-000 5,683.74 043-050-014-000 2,728.18 019-860-019-000 5,683.74 043-050-015-000 2,728.18 019-860-020-000 5,683.74 019-770-002-000 391,496.60 019-870-002-000 5,873.20 043-010-005-000 181,955.74 019-870-003-000 5,873.20 043-010-007-000 312,189.36 019-870-004-000 6,062.66 043-050-025-000 7,692.00 019-870-005-000 6,252.12 043-050-026-000 13,262.08 019-870-006-000 6,252.12 043-050-027-000 11,935.86 019-870-007-000 6,062.66 043-060-009-000 14,853.52 019-870-008-000 5,494.28 043-060-010-000 9,018.20 019-870-009-000 5,683.74 043-060-011-000 90,712.62 019-870-010-000 5,494.28 043-060-014-000 2,728.18 019-870-011-000 5,494.28 043-060-015-000 2,728.18 019-870-012-000 5,494.28 043-060-016-000 2,728.18 019-870-013-000 5,494.28 043-060-017-000 2,728.18 019-870-014-000 5,494.28 043-060-018-000 2,728.18 019-870-015-000 5,683.74 043-060-019-000 2,728.18 019-870-016-000 5,494.28 043-060-020-000 2,728.18 019-870-017-000 6,062.66 043-060-021-000 2,728.18 019-870-018-000 5,494.28 043-060-022-000 2,728.18 019-870-019-000 5,494.28 043-060-023-000 2,728.18 019-870-020-000 5,494.28 043-060-024-000 2,728.18 Willdan Financial Services Page 4 of 5 Page 18 of 234 Truckee Donner Public Utility District Community Facilities District No. 04-1 (Gray's Crossing) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 019-870-021-000 5,683.74 043-060-025-000 2,728.18 019-870-022-000 5,494.28 043-060-026-000 2,728.18 019-870-023-000 5,494.28 043-060-027-000 2,728.18 019-870-024-000 5,683.74 043-070-003-000 15,649.24 019-870-025-000 5,683.74 043-070-008-000 10,912.78 019-870-026-000 5,494.28 043-070-010-000 26,258.90 019-870-027-000 5,683.74 043-070-012-000 2,728.18 019-870-028-000 5,683.74 043-070-013-000 2,728.18 019-870-029-000 5,683.74 043-070-014-000 2,728.18 019-870-030-000 5,494.28 043-070-015-000 2,728.18 019-870-031-000 5,683.74 043-070-016-000 2,728.18 019-870-032-000 5,683.74 043-070-017-000 2,728.18 019-870-033-000 5,683.74 043-070-018-000 2,728.18 019-870-034-000 5,494.28 043-070-019-000 2,728.18 019-870-035-000 5,494.28 043-070-020-000 2,728.18 019-870-036-000 5,683.74 043-070-021-000 2,728.18 019-870-037-000 5,683.74 Total Fiscal Year 2025-2026 Special Tax Levy: $3,501,866.84 Total Parcel Count: 425 Willdan Financial Services Page 5 of 5 Page 19 of 234 Attachment 2 ■ UCKEE r ■ iblic Utility District Resolution No. 2025-08 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 2025-2026. 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, 2025 a copy will be forwarded to the Auditor Controller of the County. For a complete listing of direct charges for fiscal year 2025-2026, see Exhibit A. 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 20 of 234 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 April 2, 2025 by the following roll call vote: AYES: NOES: ABSENT: TRUCKEE DONNER PUBLIC UTILITY DISTRICT By Christa Finn, President ATTEST: Brian Wright, General Manager 2 Page 21 of 234 Truckee Donner Public Utility District Community Facilities District No. 03-1 (Old Greenwood) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 019-720-007-000 $3,801.22 930-037-138-000 $253.40 019-720-008-000 3,801.22 930-037-152-000 253.40 019-720-009-000 3,801.22 930-041-101-000 253.40 019-720-010-000 3,801.22 930-041-103-000 253.40 019-730-010-000 4,308.06 930-041-105-000 253.40 019-730-043-000 4,308.06 930-041-107-000 253.40 019-730-044-000 4,308.06 930-041-109-000 253.40 019-730-046-000 4,308.06 930-041-111-000 253.40 019-730-047-000 4,308.06 930-041-113-000 253.40 019-730-049-000 4,308.06 930-041-122-000 253.40 019-730-050-000 4,308.06 930-041-124-000 253.40 019-730-051-000 4,308.06 930-041-126-000 253.40 019-740-006-000 3,801.22 930-041-128-000 253.40 019-740-007-000 3,801.22 930-041-130-000 253.40 019-740-008-000 3,801.22 930-041-132-000 253.40 019-740-009-000 3,801.22 930-041-134-000 253.40 019-740-010-000 3,801.22 930-041-136-000 253.40 019-740-011-000 3,801.22 930-041-138-000 253.40 019-740-012-000 3,801.22 930-041-152-000 253.40 019-740-013-000 3,801.22 930-055-101-000 253.40 019-740-014-000 3,801.22 930-055-103-000 253.40 019-740-015-000 3,801.22 930-055-105-000 253.40 019-740-016-000 3,801.22 930-055-107-000 253.40 019-740-017-000 3,801.22 930-055-109-000 253.40 019-740-018-000 3,801.22 930-055-111-000 253.40 019-740-019-000 3,801.22 930-055-113-000 253.40 019-740-020-000 3,801.22 930-055-122-000 253.40 019-740-021-000 3,801.22 930-055-124-000 253.40 019-740-022-000 3,801.22 930-055-126-000 253.40 019-740-023-000 3,801.22 930-055-128-000 253.40 019-740-024-000 3,801.22 930-055-130-000 253.40 019-740-025-000 3,801.22 930-055-132-000 253.40 019-740-026-000 3,801.22 930-055-134-000 253.40 019-740-027-000 3,801.22 930-055-136-000 253.40 019-740-028-000 3,801.22 930-055-138-000 253.40 019-740-029-000 3,801.22 930-055-152-000 253.40 019-740-031-000 3,801.22 930-055-201-000 253.40 019-740-032-000 3,801.22 930-055-203-000 253.40 019-740-033-000 3,801.22 930-055-205-000 253.40 019-740-034-000 3,801.22 930-055-207-000 253.40 019-740-035-000 3,801.22 930-055-209-000 253.40 019-740-036-000 3,801.22 930-055-211-000 253.40 019-740-037-000 3,801.22 930-055-213-000 253.40 019-740-038-000 3,801.22 930-055-222-000 253.40 019-740-039-000 3,801.22 930-055-224-000 253.40 019-740-040-000 3,801.22 930-055-226-000 253.40 Willdan Financial Services Page 1 of 14 Page 22 of 234 Truckee Donner Public Utility District Community Facilities District No. 03-1 (Old Greenwood) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 019-740-041-000 3,801.22 930-055-228-000 253.40 019-740-042-000 3,801.22 930-055-230-000 253.40 019-740-043-000 3,801.22 930-055-232-000 253.40 019-740-044-000 3,801.22 930-055-234-000 253.40 019-740-045-000 3,801.22 930-055-236-000 253.40 019-740-046-000 3,801.22 930-055-238-000 253.40 019-740-047-000 3,801.22 930-055-252-000 253.40 019-740-048-000 3,801.22 930-058-101-000 253.40 019-740-049-000 3,801.22 930-058-103-000 253.40 019-740-050-000 3,801.22 930-058-105-000 253.40 019-740-051-000 3,801.22 930-058-107-000 253.40 019-740-052-000 3,801.22 930-058-109-000 253.40 019-740-053-000 3,801.22 930-058-111-000 253.40 019-740-069-000 4,308.06 930-058-113-000 253.40 019-740-070-000 4,308.06 930-058-122-000 253.40 019-740-071-000 4,308.06 930-058-124-000 253.40 019-740-073-000 4,308.06 930-058-126-000 253.40 019-740-074-000 4,308.06 930-058-128-000 253.40 019-740-075-000 3,801.22 930-058-130-000 253.40 019-740-076-000 3,801.22 930-058-132-000 253.40 019-740-077-000 3,801.22 930-058-134-000 253.40 019-740-078-000 3,801.22 930-058-136-000 253.40 019-740-079-000 3,801.22 930-058-138-000 253.40 019-740-080-000 3,801.22 930-058-152-000 253.40 019-740-081-000 3,801.22 930-058-201-000 253.40 019-740-082-000 3,801.22 930-058-203-000 253.40 019-740-083-000 3,801.22 930-058-205-000 253.40 019-740-084-000 3,801.22 930-058-207-000 253.40 019-740-085-000 3,801.22 930-058-209-000 253.40 019-740-086-000 3,801.22 930-058-211-000 253.40 019-740-087-000 3,801.22 930-058-213-000 253.40 019-740-088-000 3,801.22 930-058-222-000 253.40 019-740-089-000 3,801.22 930-058-224-000 253.40 019-740-090-000 3,801.22 930-058-226-000 253.40 019-741-001-000 3,801.22 930-058-228-000 253.40 019-741-002-000 3,801.22 930-058-230-000 253.40 019-741-003-000 3,801.22 930-058-232-000 253.40 019-741-004-000 3,801.22 930-058-234-000 253.40 019-741-005-000 3,801.22 930-058-236-000 253.40 019-741-006-000 3,801.22 930-058-238-000 253.40 019-741-007-000 3,801.22 930-058-252-000 253.40 019-741-008-000 3,801.22 930-058-301-000 253.40 019-750-002-000 3,801.22 930-058-303-000 253.40 019-750-003-000 3,801.22 930-058-305-000 253.40 019-750-004-000 3,801.22 930-058-307-000 253.40 019-750-005-000 3,801.22 930-058-309-000 253.40 Willdan Financial Services Page 2 of 14 Page 23 of 234 Truckee Donner Public Utility District Community Facilities District No. 03-1 (Old Greenwood) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 019-750-006-000 3,801.22 930-058-311-000 253.40 019-750-007-000 3,801.22 930-058-313-000 253.40 019-750-008-000 3,801.22 930-058-322-000 253.40 019-750-010-000 3,801.22 930-058-324-000 253.40 019-750-011-000 3,801.22 930-058-326-000 253.40 019-750-012-000 3,801.22 930-058-328-000 253.40 019-750-013-000 3,801.22 930-058-330-000 253.40 019-750-014-000 3,801.22 930-058-332-000 253.40 019-750-015-000 3,801.22 930-058-334-000 253.40 019-750-016-000 3,801.22 930-058-336-000 253.40 019-750-017-000 3,801.22 930-058-338-000 253.40 019-750-018-000 3,801.22 930-058-352-000 253.40 019-750-019-000 3,801.22 930-059-101-000 253.40 019-750-020-000 3,801.22 930-059-103-000 253.40 019-750-021-000 3,801.22 930-059-105-000 253.40 019-750-022-000 3,801.22 930-059-107-000 253.40 019-750-023-000 3,801.22 930-059-109-000 253.40 019-750-024-000 3,801.22 930-059-111-000 253.40 019-750-025-000 3,801.22 930-059-113-000 253.40 019-750-026-000 3,801.22 930-059-122-000 253.40 019-750-027-000 3,801.22 930-059-124-000 253.40 019-750-028-000 3,801.22 930-059-126-000 253.40 019-750-029-000 3,801.22 930-059-128-000 253.40 019-750-031-000 3,801.22 930-059-130-000 253.40 019-750-032-000 3,801.22 930-059-132-000 253.40 019-750-033-000 3,801.22 930-059-134-000 253.40 019-750-034-000 3,801.22 930-059-136-000 253.40 019-750-035-000 3,801.22 930-059-138-000 253.40 019-750-036-000 3,801.22 930-059-152-000 253.40 019-750-037-000 3,801.22 930-059-201-000 253.40 019-750-038-000 3,801.22 930-059-203-000 253.40 019-750-039-000 3,801.22 930-059-205-000 253.40 019-750-040-000 3,801.22 930-059-207-000 253.40 019-750-041-000 3,801.22 930-059-209-000 253.40 019-750-042-000 3,801.22 930-059-211-000 253.40 019-750-043-000 3,801.22 930-059-213-000 253.40 019-750-045-000 3,801.22 930-059-222-000 253.40 019-760-010-000 3,801.22 930-059-224-000 253.40 019-760-011-000 3,801.22 930-059-226-000 253.40 019-760-012-000 3,801.22 930-059-228-000 253.40 019-760-013-000 3,801.22 930-059-230-000 253.40 019-760-014-000 3,801.22 930-059-232-000 253.40 019-760-015-000 3,801.22 930-059-234-000 253.40 019-760-016-000 3,801.22 930-059-236-000 253.40 019-760-017-000 3,801.22 930-059-238-000 253.40 019-760-026-000 4,308.06 930-059-252-000 253.40 Willdan Financial Services Page 3 of 14 Page 24 of 234 Truckee Donner Public Utility District Community Facilities District No. 03-1 (Old Greenwood) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 019-760-028-000 4,308.06 930-060-101-000 253.40 019-760-030-000 4,308.06 930-060-103-000 253.40 019-760-031-000 4,308.06 930-060-105-000 253.40 019-760-032-000 4,308.06 930-060-107-000 253.40 019-940-004-000 4,308.06 930-060-109-000 253.40 019-940-005-000 4,308.06 930-060-111-000 253.40 019-940-006-000 4,308.06 930-060-113-000 253.40 019-940-007-000 4,308.06 930-060-122-000 253.40 019-940-008-000 4,308.06 930-060-124-000 253.40 019-940-009-000 4,308.06 930-060-126-000 253.40 019-940-010-000 4,308.06 930-060-128-000 253.40 019-940-011-000 4,308.06 930-060-130-000 253.40 019-940-012-000 4,308.06 930-060-132-000 253.40 019-940-013-000 4,308.06 930-060-134-000 253.40 019-940-014-000 4,308.06 930-060-136-000 253.40 019-940-015-000 4,308.06 930-060-138-000 253.40 019-940-016-000 4,308.06 930-060-152-000 253.40 019-940-017-000 4,308.06 930-060-201-000 253.40 019-940-018-000 4,308.06 930-060-203-000 253.40 930-025-101-000 253.40 930-060-205-000 253.40 930-025-103-000 253.40 930-060-207-000 253.40 930-025-105-000 253.40 930-060-209-000 253.40 930-025-107-000 253.40 930-060-211-000 253.40 930-025-109-000 253.40 930-060-213-000 253.40 930-025-111-000 253.40 930-060-222-000 253.40 930-025-113-000 253.40 930-060-224-000 253.40 930-025-122-000 253.40 930-060-226-000 253.40 930-025-124-000 253.40 930-060-228-000 253.40 930-025-126-000 253.40 930-060-230-000 253.40 930-025-128-000 253.40 930-060-232-000 253.40 930-025-130-000 253.40 930-060-234-000 253.40 930-025-132-000 253.40 930-060-236-000 253.40 930-025-134-000 253.40 930-060-238-000 253.40 930-025-136-000 253.40 930-060-252-000 253.40 930-025-138-000 253.40 930-061-101-000 253.40 930-025-152-000 253.40 930-061-103-000 253.40 930-006-101-000 253.40 930-061-105-000 253.40 930-006-103-000 253.40 930-061-107-000 253.40 930-006-105-000 253.40 930-061-109-000 253.40 930-006-107-000 253.40 930-061-111-000 253.40 930-006-109-000 253.40 930-061-113-000 253.40 930-006-111-000 253.40 930-061-122-000 253.40 930-006-113-000 253.40 930-061-124-000 253.40 930-006-122-000 253.40 930-061-126-000 253.40 930-006-124-000 253.40 930-061-128-000 253.40 930-006-126-000 253.40 930-061-130-000 253.40 Willdan Financial Services Page 4 of 14 Page 25 of 234 Truckee Donner Public Utility District Community Facilities District No. 03-1 (Old Greenwood) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 930-006-128-000 253.40 930-061-132-000 253.40 930-006-130-000 253.40 930-061-134-000 253.40 930-006-132-000 253.40 930-061-136-000 253.40 930-006-134-000 253.40 930-061-138-000 253.40 930-006-136-000 253.40 930-061-152-000 253.40 930-006-138-000 253.40 930-061-201-000 253.40 930-006-152-000 253.40 930-061-203-000 253.40 930-007-101-000 253.40 930-061-205-000 253.40 930-007-103-000 253.40 930-061-207-000 253.40 930-007-105-000 253.40 930-061-209-000 253.40 930-007-107-000 253.40 930-061-211-000 253.40 930-007-109-000 253.40 930-061-213-000 253.40 930-007-111-000 253.40 930-061-222-000 253.40 930-007-113-000 253.40 930-061-224-000 253.40 930-007-122-000 253.40 930-061-226-000 253.40 930-007-124-000 253.40 930-061-228-000 253.40 930-007-126-000 253.40 930-061-230-000 253.40 930-007-128-000 253.40 930-061-232-000 253.40 930-007-130-000 253.40 930-061-234-000 253.40 930-007-132-000 253.40 930-061-236-000 253.40 930-007-134-000 253.40 930-061-238-000 253.40 930-007-136-000 253.40 930-061-252-000 253.40 930-007-138-000 253.40 930-062-101-000 253.40 930-007-152-000 253.40 930-062-103-000 253.40 930-008-101-000 253.40 930-062-105-000 253.40 930-008-103-000 253.40 930-062-107-000 253.40 930-008-105-000 253.40 930-062-109-000 253.40 930-008-107-000 253.40 930-062-111-000 253.40 930-008-109-000 253.40 930-062-113-000 253.40 930-008-111-000 253.40 930-062-122-000 253.40 930-008-113-000 253.40 930-062-124-000 253.40 930-008-122-000 253.40 930-062-126-000 253.40 930-008-124-000 253.40 930-062-128-000 253.40 930-008-126-000 253.40 930-062-130-000 253.40 930-008-128-000 253.40 930-062-132-000 253.40 930-008-130-000 253.40 930-062-134-000 253.40 930-008-132-000 253.40 930-062-136-000 253.40 930-008-134-000 253.40 930-062-138-000 253.40 930-008-136-000 253.40 930-062-152-000 253.40 930-008-138-000 253.40 930-062-201-000 253.40 930-008-152-000 253.40 930-062-203-000 253.40 930-009-101-000 253.40 930-062-205-000 253.40 930-009-103-000 253.40 930-062-207-000 253.40 930-009-105-000 253.40 930-062-209-000 253.40 930-009-107-000 253.40 930-062-211-000 253.40 930-009-109-000 253.40 930-062-213-000 253.40 Willdan Financial Services Page 5 of 14 Page 26 of 234 Truckee Donner Public Utility District Community Facilities District No. 03-1 (Old Greenwood) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 930-009-111-000 253.40 930-062-222-000 253.40 930-009-113-000 253.40 930-062-224-000 253.40 930-009-122-000 253.40 930-062-226-000 253.40 930-009-124-000 253.40 930-062-228-000 253.40 930-009-126-000 253.40 930-062-230-000 253.40 930-009-128-000 253.40 930-062-232-000 253.40 930-009-130-000 253.40 930-062-234-000 253.40 930-009-132-000 253.40 930-062-236-000 253.40 930-009-134-000 253.40 930-062-238-000 253.40 930-009-136-000 253.40 930-062-252-000 253.40 930-009-138-000 253.40 930-062-301-000 253.40 930-009-152-000 253.40 930-062-303-000 253.40 930-011-101-000 253.40 930-062-305-000 253.40 930-011-103-000 253.40 930-062-307-000 253.40 930-011-105-000 253.40 930-062-309-000 253.40 930-011-107-000 253.40 930-062-311-000 253.40 930-011-109-000 253.40 930-062-313-000 253.40 930-011-111-000 253.40 930-062-322-000 253.40 930-011-113-000 253.40 930-062-324-000 253.40 930-011-122-000 253.40 930-062-326-000 253.40 930-011-124-000 253.40 930-062-328-000 253.40 930-011-126-000 253.40 930-062-330-000 253.40 930-011-128-000 253.40 930-062-332-000 253.40 930-011-130-000 253.40 930-062-334-000 253.40 930-011-132-000 253.40 930-062-336-000 253.40 930-011-134-000 253.40 930-062-338-000 253.40 930-011-136-000 253.40 930-062-352-000 253.40 930-011-138-000 253.40 930-063-101-000 253.40 930-011-152-000 253.40 930-063-103-000 253.40 930-012-101-000 253.40 930-063-105-000 253.40 930-012-103-000 253.40 930-063-107-000 253.40 930-012-105-000 253.40 930-063-109-000 253.40 930-012-107-000 253.40 930-063-111-000 253.40 930-012-109-000 253.40 930-063-113-000 253.40 930-012-111-000 253.40 930-063-122-000 253.40 930-012-113-000 253.40 930-063-124-000 253.40 930-012-122-000 253.40 930-063-126-000 253.40 930-012-124-000 253.40 930-063-128-000 253.40 930-012-126-000 253.40 930-063-130-000 253.40 930-012-128-000 253.40 930-063-132-000 253.40 930-012-130-000 253.40 930-063-134-000 253.40 930-012-132-000 253.40 930-063-136-000 253.40 930-012-134-000 253.40 930-063-138-000 253.40 930-012-136-000 253.40 930-063-152-000 253.40 930-012-138-000 253.40 930-063-201-000 253.40 930-012-152-000 253.40 930-063-203-000 253.40 Willdan Financial Services Page 6 of 14 Page 27 of 234 Truckee Donner Public Utility District Community Facilities District No. 03-1 (Old Greenwood) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 930-013-101-000 253.40 930-063-205-000 253.40 930-013-103-000 253.40 930-063-207-000 253.40 930-013-105-000 253.40 930-063-209-000 253.40 930-013-107-000 253.40 930-063-211-000 253.40 930-013-109-000 253.40 930-063-213-000 253.40 930-013-111-000 253.40 930-063-222-000 253.40 930-013-113-000 253.40 930-063-224-000 253.40 930-013-122-000 253.40 930-063-226-000 253.40 930-013-124-000 253.40 930-063-228-000 253.40 930-013-126-000 253.40 930-063-230-000 253.40 930-013-128-000 253.40 930-063-232-000 253.40 930-013-130-000 253.40 930-063-234-000 253.40 930-013-132-000 253.40 930-063-236-000 253.40 930-013-134-000 253.40 930-063-238-000 253.40 930-013-136-000 253.40 930-063-252-000 253.40 930-013-138-000 253.40 930-064-101-000 253.40 930-013-152-000 253.40 930-064-103-000 253.40 930-014-101-000 253.40 930-064-105-000 253.40 930-014-103-000 253.40 930-064-107-000 253.40 930-014-105-000 253.40 930-064-109-000 253.40 930-014-107-000 253.40 930-064-111-000 253.40 930-014-109-000 253.40 930-064-113-000 253.40 930-014-111-000 253.40 930-064-122-000 253.40 930-014-113-000 253.40 930-064-124-000 253.40 930-014-122-000 253.40 930-064-126-000 253.40 930-014-124-000 253.40 930-064-128-000 253.40 930-014-126-000 253.40 930-064-130-000 253.40 930-014-128-000 253.40 930-064-132-000 253.40 930-014-130-000 253.40 930-064-134-000 253.40 930-014-132-000 253.40 930-064-136-000 253.40 930-014-134-000 253.40 930-064-138-000 253.40 930-014-136-000 253.40 930-064-152-000 253.40 930-014-138-000 253.40 930-064-201-000 253.40 930-014-152-000 253.40 930-064-203-000 253.40 930-015-101-000 253.40 930-064-205-000 253.40 930-015-103-000 253.40 930-064-207-000 253.40 930-015-105-000 253.40 930-064-209-000 253.40 930-015-107-000 253.40 930-064-211-000 253.40 930-015-109-000 253.40 930-064-213-000 253.40 930-015-111-000 253.40 930-064-222-000 253.40 930-015-113-000 253.40 930-064-224-000 253.40 930-015-122-000 253.40 930-064-226-000 253.40 930-015-124-000 253.40 930-064-228-000 253.40 930-015-126-000 253.40 930-064-230-000 253.40 930-015-128-000 253.40 930-064-232-000 253.40 930-015-130-000 253.40 930-064-234-000 253.40 Willdan Financial Services Page 7 of 14 Page 28 of 234 Truckee Donner Public Utility District Community Facilities District No. 03-1 (Old Greenwood) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 930-015-132-000 253.40 930-064-236-000 253.40 930-015-134-000 253.40 930-064-238-000 253.40 930-015-136-000 253.40 930-064-252-000 253.40 930-015-138-000 253.40 930-064-301-000 253.40 930-015-152-000 253.40 930-064-303-000 253.40 930-016-101-000 253.40 930-064-305-000 253.40 930-016-103-000 253.40 930-064-307-000 253.40 930-016-105-000 253.40 930-064-309-000 253.40 930-016-107-000 253.40 930-064-311-000 253.40 930-016-109-000 253.40 930-064-313-000 253.40 930-016-111-000 253.40 930-064-322-000 253.40 930-016-113-000 253.40 930-064-324-000 253.40 930-016-122-000 253.40 930-064-326-000 253.40 930-016-124-000 253.40 930-064-328-000 253.40 930-016-126-000 253.40 930-064-330-000 253.40 930-016-128-000 253.40 930-064-332-000 253.40 930-016-130-000 253.40 930-064-334-000 253.40 930-016-132-000 253.40 930-064-336-000 253.40 930-016-134-000 253.40 930-064-338-000 253.40 930-016-136-000 253.40 930-064-352-000 253.40 930-016-138-000 253.40 930-065-101-000 253.40 930-016-152-000 253.40 930-065-103-000 253.40 930-017-101-000 253.40 930-065-105-000 253.40 930-017-103-000 253.40 930-065-107-000 253.40 930-017-105-000 253.40 930-065-109-000 253.40 930-017-107-000 253.40 930-065-111-000 253.40 930-017-109-000 253.40 930-065-113-000 253.40 930-017-111-000 253.40 930-065-122-000 253.40 930-017-113-000 253.40 930-065-124-000 253.40 930-017-122-000 253.40 930-065-126-000 253.40 930-017-124-000 253.40 930-065-128-000 253.40 930-017-126-000 253.40 930-065-130-000 253.40 930-017-128-000 253.40 930-065-132-000 253.40 930-017-130-000 253.40 930-065-134-000 253.40 930-017-132-000 253.40 930-065-136-000 253.40 930-017-134-000 253.40 930-065-138-000 253.40 930-017-136-000 253.40 930-065-152-000 253.40 930-017-138-000 253.40 930-065-201-000 253.40 930-017-152-000 253.40 930-065-203-000 253.40 930-018-101-000 253.40 930-065-205-000 253.40 930-018-103-000 253.40 930-065-207-000 253.40 930-018-105-000 253.40 930-065-209-000 253.40 930-018-107-000 253.40 930-065-211-000 253.40 930-018-109-000 253.40 930-065-213-000 253.40 930-018-111-000 253.40 930-065-222-000 253.40 930-018-113-000 253.40 930-065-224-000 253.40 Willdan Financial Services Page 8 of 14 Page 29 of 234 Truckee Donner Public Utility District Community Facilities District No. 03-1 (Old Greenwood) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 930-018-122-000 253.40 930-065-226-000 253.40 930-018-124-000 253.40 930-065-228-000 253.40 930-018-126-000 253.40 930-065-230-000 253.40 930-018-128-000 253.40 930-065-232-000 253.40 930-018-130-000 253.40 930-065-234-000 253.40 930-018-132-000 253.40 930-065-236-000 253.40 930-018-134-000 253.40 930-065-238-000 253.40 930-018-136-000 253.40 930-065-252-000 253.40 930-018-138-000 253.40 930-066-101-000 253.40 930-018-152-000 253.40 930-066-103-000 253.40 930-019-101-000 253.40 930-066-105-000 253.40 930-019-103-000 253.40 930-066-107-000 253.40 930-019-105-000 253.40 930-066-109-000 253.40 930-019-107-000 253.40 930-066-111-000 253.40 930-019-109-000 253.40 930-066-113-000 253.40 930-019-111-000 253.40 930-066-122-000 253.40 930-019-113-000 253.40 930-066-124-000 253.40 930-019-122-000 253.40 930-066-126-000 253.40 930-019-124-000 253.40 930-066-128-000 253.40 930-019-126-000 253.40 930-066-130-000 253.40 930-019-128-000 253.40 930-066-132-000 253.40 930-019-130-000 253.40 930-066-134-000 253.40 930-019-132-000 253.40 930-066-136-000 253.40 930-019-134-000 253.40 930-066-138-000 253.40 930-019-136-000 253.40 930-066-152-000 253.40 930-019-138-000 253.40 930-066-201-000 253.40 930-019-152-000 253.40 930-066-203-000 253.40 930-020-101-000 253.40 930-066-205-000 253.40 930-020-103-000 253.40 930-066-207-000 253.40 930-020-105-000 253.40 930-066-209-000 253.40 930-020-107-000 253.40 930-066-211-000 253.40 930-020-109-000 253.40 930-066-213-000 253.40 930-020-111-000 253.40 930-066-222-000 253.40 930-020-113-000 253.40 930-066-224-000 253.40 930-020-122-000 253.40 930-066-226-000 253.40 930-020-124-000 253.40 930-066-228-000 253.40 930-020-126-000 253.40 930-066-230-000 253.40 930-020-128-000 253.40 930-066-232-000 253.40 930-020-130-000 253.40 930-066-234-000 253.40 930-020-132-000 253.40 930-066-236-000 253.40 930-020-134-000 253.40 930-066-238-000 253.40 930-020-136-000 253.40 930-066-252-000 253.40 930-020-138-000 253.40 930-066-301-000 253.40 930-020-152-000 253.40 930-066-303-000 253.40 930-021-101-000 253.40 930-066-305-000 253.40 930-021-103-000 253.40 930-066-307-000 253.40 Willdan Financial Services Page 9 of 14 Page 30 of 234 Truckee Donner Public Utility District Community Facilities District No. 03-1 (Old Greenwood) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 930-021-105-000 253.40 930-066-309-000 253.40 930-021-107-000 253.40 930-066-311-000 253.40 930-021-109-000 253.40 930-066-313-000 253.40 930-021-111-000 253.40 930-066-322-000 253.40 930-021-113-000 253.40 930-066-324-000 253.40 930-021-122-000 253.40 930-066-326-000 253.40 930-021-124-000 253.40 930-066-328-000 253.40 930-021-126-000 253.40 930-066-330-000 253.40 930-021-128-000 253.40 930-066-332-000 253.40 930-021-130-000 253.40 930-066-334-000 253.40 930-021-132-000 253.40 930-066-336-000 253.40 930-021-134-000 253.40 930-066-338-000 253.40 930-021-136-000 253.40 930-066-352-000 253.40 930-021-138-000 253.40 930-067-101-000 253.40 930-021-152-000 253.40 930-067-103-000 253.40 930-022-101-000 253.40 930-067-105-000 253.40 930-022-103-000 253.40 930-067-107-000 253.40 930-022-105-000 253.40 930-067-109-000 253.40 930-022-107-000 253.40 930-067-111-000 253.40 930-022-109-000 253.40 930-067-113-000 253.40 930-022-111-000 253.40 930-067-122-000 253.40 930-022-113-000 253.40 930-067-124-000 253.40 930-022-122-000 253.40 930-067-126-000 253.40 930-022-124-000 253.40 930-067-128-000 253.40 930-022-126-000 253.40 930-067-130-000 253.40 930-022-128-000 253.40 930-067-132-000 253.40 930-022-130-000 253.40 930-067-134-000 253.40 930-022-132-000 253.40 930-067-136-000 253.40 930-022-134-000 253.40 930-067-138-000 253.40 930-022-136-000 253.40 930-067-152-000 253.40 930-022-138-000 253.40 930-067-201-000 253.40 930-022-152-000 253.40 930-067-203-000 253.40 930-023-101-000 253.40 930-067-205-000 253.40 930-023-103-000 253.40 930-067-207-000 253.40 930-023-105-000 253.40 930-067-209-000 253.40 930-023-107-000 253.40 930-067-211-000 253.40 930-023-109-000 253.40 930-067-213-000 253.40 930-023-111-000 253.40 930-067-222-000 253.40 930-023-113-000 253.40 930-067-224-000 253.40 930-023-122-000 253.40 930-067-226-000 253.40 930-023-124-000 253.40 930-067-228-000 253.40 930-023-126-000 253.40 930-067-230-000 253.40 930-023-128-000 253.40 930-067-232-000 253.40 930-023-130-000 253.40 930-067-234-000 253.40 930-023-132-000 253.40 930-067-236-000 253.40 930-023-134-000 253.40 930-067-238-000 253.40 Willdan Financial Services Page 10 of 14 Page 31 of 234 Truckee Donner Public Utility District Community Facilities District No. 03-1 (Old Greenwood) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 930-023-136-000 253.40 930-067-252-000 253.40 930-023-138-000 253.40 930-067-301-000 253.40 930-023-152-000 253.40 930-067-303-000 253.40 930-024-101-000 253.40 930-067-305-000 253.40 930-024-103-000 253.40 930-067-307-000 253.40 930-024-105-000 253.40 930-067-309-000 253.40 930-024-107-000 253.40 930-067-311-000 253.40 930-024-109-000 253.40 930-067-313-000 253.40 930-024-111-000 253.40 930-067-322-000 253.40 930-024-113-000 253.40 930-067-324-000 253.40 930-024-122-000 253.40 930-067-326-000 253.40 930-024-124-000 253.40 930-067-328-000 253.40 930-024-126-000 253.40 930-067-330-000 253.40 930-024-128-000 253.40 930-067-332-000 253.40 930-024-130-000 253.40 930-067-334-000 253.40 930-024-132-000 253.40 930-067-336-000 253.40 930-024-134-000 253.40 930-067-338-000 253.40 930-024-136-000 253.40 930-067-352-000 253.40 930-024-138-000 253.40 930-118-101-000 253.40 930-024-152-000 253.40 930-118-103-000 253.40 930-027-101-000 253.40 930-118-105-000 253.40 930-027-103-000 253.40 930-118-107-000 253.40 930-027-105-000 253.40 930-118-109-000 253.40 930-027-107-000 253.40 930-118-111-000 253.40 930-027-109-000 253.40 930-118-113-000 253.40 930-027-111-000 253.40 930-118-122-000 253.40 930-027-113-000 253.40 930-118-124-000 253.40 930-027-122-000 253.40 930-118-126-000 253.40 930-027-124-000 253.40 930-118-128-000 253.40 930-027-126-000 253.40 930-118-130-000 253.40 930-027-128-000 253.40 930-118-132-000 253.40 930-027-130-000 253.40 930-118-134-000 253.40 930-027-132-000 253.40 930-118-136-000 253.40 930-027-134-000 253.40 930-118-138-000 253.40 930-027-136-000 253.40 930-118-152-000 253.40 930-027-138-000 253.40 930-119-101-000 253.40 930-027-152-000 253.40 930-119-103-000 253.40 930-028-101-000 253.40 930-119-105-000 253.40 930-028-103-000 253.40 930-119-107-000 253.40 930-028-105-000 253.40 930-119-109-000 253.40 930-028-107-000 253.40 930-119-111-000 253.40 930-028-109-000 253.40 930-119-113-000 253.40 930-028-111-000 253.40 930-119-122-000 253.40 930-028-113-000 253.40 930-119-124-000 253.40 930-028-122-000 253.40 930-119-126-000 253.40 930-028-124-000 253.40 930-119-128-000 253.40 Willdan Financial Services Page 11 of 14 Page 32 of 234 Truckee Donner Public Utility District Community Facilities District No. 03-1 (Old Greenwood) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 930-028-126-000 253.40 930-119-130-000 253.40 930-028-128-000 253.40 930-119-132-000 253.40 930-028-130-000 253.40 930-119-134-000 253.40 930-028-132-000 253.40 930-119-136-000 253.40 930-028-134-000 253.40 930-119-138-000 253.40 930-028-136-000 253.40 930-119-152-000 253.40 930-028-138-000 253.40 930-120-101-000 253.40 930-028-152-000 253.40 930-120-103-000 253.40 930-029-101-000 253.40 930-120-105-000 253.40 930-029-103-000 253.40 930-120-107-000 253.40 930-029-105-000 253.40 930-120-109-000 253.40 930-029-107-000 253.40 930-120-111-000 253.40 930-029-109-000 253.40 930-120-113-000 253.40 930-029-111-000 253.40 930-120-122-000 253.40 930-029-113-000 253.40 930-120-124-000 253.40 930-029-122-000 253.40 930-120-126-000 253.40 930-029-124-000 253.40 930-120-128-000 253.40 930-029-126-000 253.40 930-120-130-000 253.40 930-029-128-000 253.40 930-120-132-000 253.40 930-029-130-000 253.40 930-120-134-000 253.40 930-029-132-000 253.40 930-120-136-000 253.40 930-029-134-000 253.40 930-120-138-000 253.40 930-029-136-000 253.40 930-120-152-000 253.40 930-029-138-000 253.40 930-121-101-000 253.40 930-029-152-000 253.40 930-121-103-000 253.40 930-030-101-000 253.40 930-121-105-000 253.40 930-030-103-000 253.40 930-121-107-000 253.40 930-030-105-000 253.40 930-121-109-000 253.40 930-030-107-000 253.40 930-121-111-000 253.40 930-030-109-000 253.40 930-121-113-000 253.40 930-030-111-000 253.40 930-121-122-000 253.40 930-030-113-000 253.40 930-121-124-000 253.40 930-030-122-000 253.40 930-121-126-000 253.40 930-030-124-000 253.40 930-121-128-000 253.40 930-030-126-000 253.40 930-121-130-000 253.40 930-030-128-000 253.40 930-121-132-000 253.40 930-030-130-000 253.40 930-121-134-000 253.40 930-030-132-000 253.40 930-121-136-000 253.40 930-030-134-000 253.40 930-121-138-000 253.40 930-030-136-000 253.40 930-121-152-000 253.40 930-030-138-000 253.40 930-124-101-000 253.40 930-030-152-000 253.40 930-124-103-000 253.40 930-033-101-000 253.40 930-124-105-000 253.40 930-033-103-000 253.40 930-124-107-000 253.40 930-033-105-000 253.40 930-124-109-000 253.40 930-033-107-000 253.40 930-124-111-000 253.40 Willdan Financial Services Page 12 of 14 Page 33 of 234 Truckee Donner Public Utility District Community Facilities District No. 03-1 (Old Greenwood) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 930-033-109-000 253.40 930-124-113-000 253.40 930-033-111-000 253.40 930-124-122-000 253.40 930-033-113-000 253.40 930-124-124-000 253.40 930-033-122-000 253.40 930-124-126-000 253.40 930-033-124-000 253.40 930-124-128-000 253.40 930-033-126-000 253.40 930-124-130-000 253.40 930-033-128-000 253.40 930-124-132-000 253.40 930-033-130-000 253.40 930-124-134-000 253.40 930-033-132-000 253.40 930-124-136-000 253.40 930-033-134-000 253.40 930-124-138-000 253.40 930-033-136-000 253.40 930-124-152-000 253.40 930-033-138-000 253.40 930-127-101-000 253.40 930-033-152-000 253.40 930-127-103-000 253.40 930-034-101-000 253.40 930-127-105-000 253.40 930-034-103-000 253.40 930-127-107-000 253.40 930-034-105-000 253.40 930-127-109-000 253.40 930-034-107-000 253.40 930-127-111-000 253.40 930-034-109-000 253.40 930-127-113-000 253.40 930-034-111-000 253.40 930-127-122-000 253.40 930-034-113-000 253.40 930-127-124-000 253.40 930-034-122-000 253.40 930-127-126-000 253.40 930-034-124-000 253.40 930-127-128-000 253.40 930-034-126-000 253.40 930-127-130-000 253.40 930-034-128-000 253.40 930-127-132-000 253.40 930-034-130-000 253.40 930-127-134-000 253.40 930-034-132-000 253.40 930-127-136-000 253.40 930-034-134-000 253.40 930-127-138-000 253.40 930-034-136-000 253.40 930-127-152-000 253.40 930-034-138-000 253.40 930-129-101-000 253.40 930-034-152-000 253.40 930-129-103-000 253.40 930-035-101-000 253.40 930-129-105-000 253.40 930-035-103-000 253.40 930-129-107-000 253.40 930-035-105-000 253.40 930-129-109-000 253.40 930-035-107-000 253.40 930-129-111-000 253.40 930-035-109-000 253.40 930-129-113-000 253.40 930-035-111-000 253.40 930-129-122-000 253.40 930-035-113-000 253.40 930-129-124-000 253.40 930-035-122-000 253.40 930-129-126-000 253.40 930-035-124-000 253.40 930-129-128-000 253.40 930-035-126-000 253.40 930-129-130-000 253.40 930-035-128-000 253.40 930-129-132-000 253.40 930-035-130-000 253.40 930-129-134-000 253.40 930-035-132-000 253.40 930-129-136-000 253.40 930-035-134-000 253.40 930-129-138-000 253.40 930-035-136-000 253.40 930-129-152-000 253.40 930-035-138-000 253.40 930-133-101-000 253.40 Willdan Financial Services Page 13 of 14 Page 34 of 234 Truckee Donner Public Utility District Community Facilities District No. 03-1 (Old Greenwood) Fiscal Year 2025-26 Special Tax Levy Exhibit A APN FY25-26 Charge APN FY25-26 Charge 930-035-152-000 253.40 930-133-103-000 253.40 930-036-101-000 253.40 930-133-105-000 253.40 930-036-103-000 253.40 930-133-107-000 253.40 930-036-105-000 253.40 930-133-109-000 253.40 930-036-107-000 253.40 930-133-111-000 253.40 930-036-109-000 253.40 930-133-113-000 253.40 930-036-111-000 253.40 930-133-122-000 253.40 930-036-113-000 253.40 930-133-124-000 253.40 930-036-122-000 253.40 930-133-126-000 253.40 930-036-124-000 253.40 930-133-128-000 253.40 930-036-126-000 253.40 930-133-130-000 253.40 930-036-128-000 253.40 930-133-132-000 253.40 930-036-130-000 253.40 930-133-134-000 253.40 930-036-132-000 253.40 930-133-136-000 253.40 930-036-134-000 253.40 930-133-138-000 253.40 930-036-136-000 253.40 930-133-152-000 253.40 930-036-138-000 253.40 930-134-101-000 253.40 930-036-152-000 253.40 930-134-103-000 253.40 930-037-101-000 253.40 930-134-105-000 253.40 930-037-103-000 253.40 930-134-107-000 253.40 930-037-105-000 253.40 930-134-109-000 253.40 930-037-107-000 253.40 930-134-111-000 253.40 930-037-109-000 253.40 930-134-113-000 253.40 930-037-111-000 253.40 930-134-122-000 253.40 930-037-113-000 253.40 930-134-124-000 253.40 930-037-122-000 253.40 930-134-126-000 253.40 930-037-124-000 253.40 930-134-128-000 253.40 930-037-126-000 253.40 930-134-130-000 253.40 930-037-128-000 253.40 930-134-132-000 253.40 930-037-130-000 253.40 930-134-134-000 253.40 930-037-132-000 253.40 930-134-136-000 253.40 930-037-134-000 253.40 930-134-138-000 253.40 930-037-136-000 253.40 930-134-152-000 253.40 Total Fiscal Year 2025-2026 Special Tax Levy: $893,524.26 Total Parcel Count: 1,262 Willdan Financial Services Page 14 of 14 Page 35 of 234 AGENDA ITEM #9 Public Utility District m MEETING DATE: April 2, 2025 TO: Board of Directors FROM: Neil Kaufman, System Engineer Chad Reed, Water Utility Director SUBJECT: Award of a Contract to Develop Contract Documents for Rehabilitation of the Bridge Street 6170 Tank #1 _t ev APPROVED BY: Brian C. Wright, General Manager RECOMMENDATION: Authorize the General Manager to execute a professional services contract with Carollo Engineers to develop contract documents for rehabilitation of the Rehabilitation of the Bridge Street 6170 Tank #1 for an amount of$23,427, plus a ten percent change order allowance for a total authorization not to exceed $25,800. BACKGROUND: The District currently operates 34 water storage tanks located throughout the water distribution system, including: • 30 ground-level welded steel tanks • Two ground-level bolted steel tanks • One partially buried pre-stressed concrete tank • One elevated welded steel tank The tanks range in volume from 100,000 gallons to 2.25 million gallons, with the oldest tank constructed in 1963 and the newest tank constructed in 2024. Many of these tanks are still utilizing their original interior coating systems, which are approaching 50 years old. The design standards and seismic engineering requirements have also changed significantly and many of the tanks do not meet current standards. Storage tank maintenance needs were identified during preparation of the 2020 Water System Capital Improvement Plan, the updated financial masterplan and the water utility rate cost of service analysis. In order to most effectively and efficiently utilize these funds, the need for an outside engineering consultant to evaluate the tanks and Page 1 of 3 Page 36 of 234 develop construction bid documents was identified. In June 2021, the Water Department issued a Request for Proposals (RFP) to select a consultant to perform the engineering and assessment work associated with the tanks prioritized early on in the maintenance schedule. After review of the proposals, a contract was awarded to Carollo Engineers in August 2021, with work being completed in the 2022-24 construction seasons. ANALYSIS AND BODY: The new Bridge Street 6170 Tank #2 was completed along with the new Joe Aguera Pump Station and Trout Creek Pipeline Project and placed into service in the summer of 2024. The new tank significantly increased the District's potable water storage capacity as well as serving as a secondary or redundant storage tank at the Bridge St location. With this new tank in service, the District has much more flexibility in executing critical maintenance projects. For example, the temporary removal of the Bridge Street 6170 Tank #1 from service for a detailed interior inspection is far more manageable with minimal impact on the water distribution and supply systems. The inspection of 6170 Tank #2 has been performed by District staff along with three engineers from Carollo. The inspection identified moderate surface corrosion on the tank wall at the waterline along the north side of the tank and minor surface corrosion at other locations such as the roof beams and support columns. It is believed that the corrosion has not impacted the structural integrity of the tank, but to ensure the extended utility life of the tank into the future, a complete rehabilitation of the interior coating system is warranted. The removal, preparation, replacement and inspection of advanced interior coating systems for potable water storage tanks requires specified expertise, licensing and certifications, which are not typically held by water utility operations and engineering staff. Personnel qualified for this type of work generally require advanced knowledge and understanding of updated coating standards applicable to various environments, construction materials and water characteristics. Interior water storage tank coating system assessments and replacement projects are a common practice and planned investment made by public water utility agencies to extend the useful life of critically important water storage infrastructure. At the request of District staff, Carollo submitted a proposal to prepare bid documents and perform construction phase assistance for the rehabilitation of the interior coating in the amount of $23,427. Staff was originally anticipating to perform this rehabilitation work during the summer of 2025, but it is possible that the work may be delayed until the spring of 2026. The exact timing of the work will depend upon the availability of contractors and operational Page 2 of 3 Page 37 of 234 concerns regarding removal of the tank from service during the fall of 2025 at a time of heightened local wildfire risk. GOALS AND OBJECTIVES: District Code 1 .05.020 Objectives: 1. Responsibly serve the public. 3. Provide reliable and high quality water supply and distribution system to meet current and future needs. 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 FY24 budget included $305,100 for subject tank rehabilitation. The requested $25,800 in contract services is a planning cost to execute the tank rehabilitation. The total cost of the tank rehabilitation is not known at this time. The timing variance of this project's cost will be incorporated into the FY26-FY27 budget cycle this fall. ATTACHMENTS: None Page 3 of 3 Page 38 of 234 AGENDA ITEM #10 Public Utility District m MEETING DATE: April 2, 2025 TO: Board of Directors FROM: Grant Sacks, Billing and Customer Services Manager SUBJECT: InComm Vanilla Direct Pay (3rd Party Payments) APPROVED BY: Brian C. Wright, General Manager RECOMMENDATION: Approve the implementation of the NISC integrated InComm Vanilla Direct Pay (3rd party payments) for TDPUD customers. BACKGROUND: TDPUD customers have enjoyed the ability to pay for their bills in cash at our front lobby during open business hours. With the advent of online bill pay and our own Smarthub payment platform, customers can pay their PUD bill online 24/7. NiSC has partnered with a 3rd party payment solution, InComm, to facilitate expanded access and hours with which to make cash payments available to customers 24/7. An Application Programming Interface (API) between Incomm and NiSC's Payment Gateway and from the Payment Gateway to TDPUD's iVUE server will be configured. Since InComm's service is a direct partnership with NiSC, this would be a sole source agreement as only this business can fulfill the requirements. ANALYSIS AND BODY: Partnering with InComm will allow these customers to make payments, beyond our lobby business hours, at Truckee's 7-11 and CVS store locations. This will have a direct positive effect on the standard of customer service we can offer our un-banked and under-banked customers. Customers present their TDPUD bill or TDPUD smartphone app at one of these locations, their barcode is scanned and a cash payment is made on their account. Customer benefits: • 3 locations across Truckee where payments can be made • 7-11 stores are open 24 hours a day • A real-time payment interface records cash payments instantly in our system District benefits: Page 1 of 2 Page 39 of 234 • The service comes at no cost to the PUD • An expanded service offering is created for our customers • Cash transit monetary deposits are reduced • Cash held on premises for deposit is lowered Customers pay a $1.50 fee per transaction. InComm is a global company that has partnered with the largest retailers and banks in the world. See www.incomm.com/about for more information. GOALS AND OBJECTIVES: District Code 1 .05.020 Objectives: 1. Responsibly serve the public. 2. Provide a healthy and safe work environment for all District employees. 3. Provide reliable and high quality water supply and distribution system to meet current and future needs. 4. Provide reliable and high quality electric supply and distribution system to meet current and future needs. 5. Manage the District in an environmentally sound manner. 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 2. Environmental Stewardship: Create a sustainable resilient environment for all our communities. 3. Engage with our customers and communities in a welcoming and transparent way to identify opportunities. 4. Modernize the utility and add value to our communities through collaboration and innovation. 5. Developing an inclusive culture drives organizational integration and success. FISCAL IMPACT: An estimated 3-4 development hours will be required by NiSC to add barcode integration to customer bills (not to exceed $800). The change request would be billable to GL 1.9.903.00-483 and 2.9.903.00-483. ATTACHMENTS: None Page 2 of 2 Page 40 of 234 AGENDA ITEM #11 Public Utility District m MEETING DATE: April 2, 2025 TO: Board of Directors FROM: Brian Wright, General Manager SUBJECT: Consideration of Scheduling a Public Hearing Related to the Adoption of an Ordinance Authorizing the Board to Appoint and Establish Compensation of Officers of the District by Resolution APPROVED BY: Brian C. Wright, General Manager RECOMMENDATION: Schedule a Public Hearing at the regularly scheduled District Board Meeting on May 7, 2025, at 6:00 PM, or as soon thereafter, for the purpose of receiving input on the adoption of a proposed ordinance authorizing the Board of Directors to appoint and establish compensation for officers of the District by way of resolution. BACKGROUND: The Public Utility Code (Division 7, Chapter 3, Article 5), Section 16111, establishes that the officers of the District, other than the Board of Directors, are: • Clerk, who is also ex officio of the Board • Accountant • Treasurer • General Manager Section 16112 establishes that officers of the District, other than the Board of Directors, shall be appointed by the Board, hold office at its pleasure, and receive such compensation as is provided for by the Board by ordinance. ANALYSIS AND BODY: Staff is recommending the adoption of an ordinance to include important clarifications and efficiencies to the process related to the appointment and establishment of compensation for the officers of the District, by permitting the Board of Directors to Page 1 of 2 Page 41 of 234 make future adjustments via resolution rather than ordinance. Establishing the proposed ordinance will offer clarifications on the process, maintain the intended integrity and transparency of the public process while also providing opportunities for efficiency. 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 3. Engage with our customers and communities in a welcoming and transparent way to identify opportunities. 4. Modernize the utility and add value to our communities through collaboration and innovation. 5. Developing an inclusive culture drives organizational integration and success. FISCAL IMPACT: There is no direct fiscal impact associated with this item. ATTACHMENTS: None Page 2 of 2 Page 42 of 234 AGENDA ITEM #12 Public Utility District m MEETING DATE: April 2, 2025 TO: Board of Directors FROM: Brian Yohn, General Services Manager Michael Salmon, Chief Financial Officer SUBJECT: Consideration of Contract for Fire Alarm System Upgrades at District Headquarters APPROVED BY: Brian C. Wright, General Manager RECOMMENDATION: Authorize the General Manager to execute a construction contract with Johnson Controls, Inc. to perform fire alarm system upgrades in the amount of$19,670, plus a 10% contingency amount, or $1,967, for a total authorization not to exceed $21,637. BACKGROUND: A fire alarm system is designed to detect, alert occupants, and alert emergency forces of the presence of fire, smoke, carbon monoxide, or other fire-related emergencies. Fire alarm systems are required in most commercial buildings and include components such as smoke detectors, heat detectors, and manual fire alarm activation devices (pull stations). All components of a fire alarm system are connected to a fire alarm control panel, usually found in an electrical or panel room. Fire alarm systems generally use visual and audio signalization to warn the occupants of a fire, carbon monoxide, or other fire-related emergency in the building. Annual inspections of the District's fire alarm and fire suppression systems were recently performed by Johnson Controls, a Sourcewell Cooperative Program vendor contracted by the District to provide alarm system monitoring and fire alarm and suppression system inspections. Sourcewell, formerly National Joint Purchasing Alliance, has identified Johnson Controls as competitive bidders for Specialized Public Utility Equipment through an RFP process. Section 3.08.060 of the District Code (Joint Purchasing with the State of California and other public agencies) permits the District to take advantage of other agencies' competitive procurement processes in replacement of the District issuing its own competitive public bidding process. The District's utilization of joint purchasing contract resources such as Sourcewell Cooperative Program provides significant efficiencies in the reduction of staff time and administrative expense. Johnson Controls Page 1 of 2 Page 43 of 234 is a qualified Sourcewell vendor, with quotes provided by Johnson Controls consistent with District Code requirements. ANALYSIS AND BODY: As a result of the inspections, it was identified that the existing fire alarm panel was no longer in production by the manufacturer, making replacement parts unavailable and the panel obsolete and unable to be repaired. Replacement of the fire alarm panel is recommended to improve the fire alarm system with current detection and communication systems. Additionally, inspections revealed that many of the horn strobes within District Headquarters are inconsistent throughout the facility; a number do not offer visual strobes and many broadcast a different audible tone than the majority of the system. Horn Strobe replacement throughout District Headquarters with new Simplex conventional horn strobes is recommended to improve fire alarm audible and visual signalization consistency and improve compatibility with the alarm system. Johnson Controls, Inc. provided cost estimates for the replacement of the alarm panel and replacement of twenty-six new audible strobes with visual signalization. GOALS AND OBJECTIVES: District Code 1 .05.020 Objectives: 1. Responsibly serve the public. 2. Provide a healthy and safe work environment for all District employees. 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 4. Modernize the utility and add value to our communities through collaboration and innovation. FISCAL IMPACT: The recommended alarm system upgrades cost a total of$19,670. Staff recommends authorization to execute a construction services contract in the amount of$19,670, plus a 10% contingency amount, or $1,967, for a total authorization not to exceed $21,637. This project is not specifically budgeted for in the capital budget for FY24 and FY25. However, the Electric Department (owner of the building) capital budget includes $250,000 for contingencies, and therefore has sufficient funds to accommodate the fire alarm system upgrades. ATTACHMENTS: None Page 2 of 2 Page 44 of 234 AGENDA ITEM #13 Public Utility District m MEETING DATE: April 2, 2025 TO: Board of Directors FROM: Melanie Rives, Finance & Accounting Manager SUBJECT: Consideration of Scheduling a Public Hearing Related to Adoption of the Annual Electric and Water Standby Charges APPROVED BY: Z- Brian C. Wright, General Manager RECOMMENDATION: Schedule a public hearing at the regularly scheduled District Board Meeting on May 7, 2025 at 6:00 PM, or as soon thereafter, for the purpose of receiving input on the adoption of annual Electric and Water Standby Charges. BACKGROUND: Board action is required annually to adopt electric and water standby charges. This process begins by scheduling a public hearing to renew the existing electric and water standby charges. Standby charges have been assessed on vacant parcels in the District since 1975. These annual charges recoup the District's operating and maintenance costs of the electric and water distribution facilities from parcel owners who benefit from their vacant lot being in close proximity to the distribution facilities. Standby rates have not been modified in many years. The current Electric Standby Charge is $20.00 per year for each parcel one acre or larger, or $10.00 per year for each parcel less than one acre. The current Water Standby Charge is $80.00 per parcel per year. The Board must formally adopt the standby charges each year. ANALYSIS AND BODY: Staff proposes a Public Hearing be held to consider renewing the existing Electric and Water Standby Charges on vacant parcels in the District, effective for the 2025-2026 property tax year. GOALS AND OBJECTIVES: District Code 1 .05.020 Objectives: 1. Responsibly serve the public. Page 1 of 2 Page 45 of 234 2. Provide a healthy and safe work environment for all District employees. 3. Provide reliable and high quality water supply and distribution system to meet current and future needs. 4. Provide reliable and high quality electric supply and distribution system to meet current and future needs. 5. Manage the District in an environmentally sound manner. 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 2. Environmental Stewardship: Create a sustainable resilient environment for all our communities. 3. Engage with our customers and communities in a welcoming and transparent way to identify opportunities. 4. Modernize the utility and add value to our communities through collaboration and innovation. 5. Developing an inclusive culture drives organizational integration and success. FISCAL IMPACT: There is no direct fiscal impact associated with this item. Staff recommendation is to schedule a public hearing at which point there will be a recommended action for consideration having a direct fiscal impact. ATTACHMENTS: None Page 2 of 2 Page 46 of 234 AGENDA ITEM #14 Public Utility District m MEETING DATE: April 2, 2025 TO: Board of Directors FROM: Michael Salmon, Chief Financial Officer SUBJECT: Consideration for Approval of a Professional Services Contract to Conduct an Electric Utility Cost of Service Analysis and Rate Study APPROVED BY: Brian C. Wright, General Manager RECOMMENDATION: Authorize the General Manager to execute a professional services agreement with HDR Engineering Inc. for the 2025 Electric Cost of Service Analysis and Rate Study in the amount of $82,243 plus a ten percent change order allowance of $8,224 for a total authorization not to exceed $90,467. BACKGROUND: The District's electric retail rates are set by the Board of Directors and adopted by Ordinance. The customer average rate increases by Ordinance in recent years are summarized in the following table: Fiscal Year 2021 2022 2023 2024 2025 Approved Average Rate 3% 8.5% 6.5% 12% 12% Increase The electric rate increases for FY24 and FY25 were based on a Cost of Service Analysis (COSA) and rate design study (Rate Study) completed in fall of 2023. Since then, there have been significant changes in energy markets, due in part to the impacts of western drought, volatile natural gas prices, and growing consumer demand. Staff will be preparing the proposed FY26-27 budget for the Board's review in 2025, and plan to update the COSA and Rate Study. In advance of the efforts to prepare the next two-year budget, staff anticipate the need for consultant assistance with developing a COSA and Rate Study. HDR, Inc. (HDR) has extensive experience in providing financial consulting services, including COSA and rate design services for many Public Owned Utilities (POUs). This includes many studies for the District and POUs of similar size to the District, across California and other western states. The most recent electric COSA and Rate Study was completed by HDR in the 2nd half of 2023. Staff received a Proposal (Attachment 1) from HDR to perform a COSA and Rate Study for the Electric Utility. HDR has successfully Page 1 of 3 Page 47 of 234 performed several costs of service, rate design, and related financial studies for the District since 2010, including: • Electric Utility rate structure design review - 2010; • Water Utility rate study - 2013; • Water Utility rate study update - 2015; • Electric Utility limited rate structure design review - 2016; • Electric Utility rate structure design review - 2018; • Water Utility rate study-2020; • Electric Utility electrification analysis study - 2021; and • Electric Utility cost of service analysis and rate study - 2023. ANALYSIS AND BODY: The purpose of the COSA and Rate Study is the adoption of cost-based and equitable electric rates that provide adequate funding for the District's operation and maintenance (O&M), capital expenditure, and reserve requirement needs over the long-term. The COSA and Rate Study process will determine the District's total revenue requirement and how the revenue requirement may best be allocated to rates over the next two years. There are three interrelated steps to the process: determine the revenue requirement, or total cost of service; allocate the revenue requirement among customer classes; and design rates to recover costs. HDR's Proposal includes the following key services and scope of work to accomplish this effort: 1. Utilize generally accepted electric rate-setting techniques and methodologies 2. Develop a projected revenue requirement, five-year minimum, which includes operating, capital, and reserve needs 3. Develop revenue (rate) plans and options, as necessary for recommended implementation 4. Review current rate schedules/customer classes and identify potential changes recommended, if any 5. Develop an average embedded cost of service analysis that equitably allocates the cost of the electric utility to the identified customer classes of service 6. Review the current Time-of-Use (TOU) rate alternative for potential modification 7. Review and provide feedback on the TOU rate created in 2023 for residential customers, a pilot commercial EV charging rate created in 2025, a NEM successor rate created in 2025, and a pilot community solar rate created in 2025 8. Provide feedback on the viability of creating a large commercial class rate that includes a demand response component 9. Review the relationship between fixed service charge and variable (energy) rate components 10. Provide a comparison of current and proposed rates for the district to other electric utilities in the region (NV Energy) and California 11. Provide a comparison of the Facility Fees and Interconnection Fees compared to other utilities 12. Provide a written report that documents the analyses undertaken, and said findings, conclusions and recommendations of the study 13. Provide effective public presentations of the study, anticipating two public Page 2 of 3 Page 48 of 234 workshops and one public hearing for final rate adoption 14. Work closely and effectively with the district team to increase the value of the study for the district and its customers HDR has extensive experience in establishing cost-based electric rates and is highly qualified to perform this work for the District. Their project team specializes in rate and cost of service analyses full-time and has successfully completed rate studies for electric utilities nationwide, including the District. Their proposed schedule to perform the Rate Study also aligns with staff's requirement to prepare the FY26-27 Budget for the Board's review and consideration by November 2025. The COSA and Rate Study results will inform and be an integral component of the proposed FY26-27 Budget. Therefore, staff recommends the Board authorize the General Manager to execute a Professional Services Agreement with HDR, Inc., in an amount of $82,243, plus a ten percent change order allowance for a total authorization not to exceed $90,467 for consulting services to perform an Electric Cost of Service Analysis and Rate Study. GOALS AND OBJECTIVES: District Code 1 .05.020 Objectives: 1. Responsibly serve the public. 3. Provide reliable and high quality water supply and distribution system to meet current and future needs. 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 3. Engage with our customers and communities in a welcoming and transparent way to identify opportunities. FISCAL IMPACT: HDR's fee estimate to perform the work includes $75,190 in labor and $7,053 for travel and other expenses for a total estimated cost of$82,243. Including a 10% contingency of $8,224, the total not-to-exceed for HDR services equates to $90,467. Funds for this work will come from existing budgets for professional services, specifically GL accounts 1.6.928.00.740 & 748, which combine for a FY25 budget amount of $90,000. ATTACHMENTS: 1. GM Memo 20250325 Electric COSA HDR services Page 3 of 3 Page 49 of 234 TRUCKEE DONNER Public Utility District MEMORANDUM Date: March 25, 2025 From: Michael Salmon, Jared Carpenter Department Head: Jared Carpenter, Electric Power Supply Director Michael Salmon, Chief Financial Officer To: Brian C. Wright, General Manager: Concerning: Recommendation for Entering into a Professional Services Agreement with HDR — Electric COSA and Rate Study District Code Section: 3.08.050 — Agreements for Special Services Staff requested and received a Proposal (attached) from HDR, Inc. (HDR) to perform a retail cost of service analysis (COSA) and rate design study (Rate Study) for the Electric Department. The purpose of the Rate Study is the adoption of cost- based and equitable electric rates that provide adequate funding for the District's O&M and capital expenditure needs over the long-term. HDR has performed several cost of service, rate design, and related financial studies for the District since 2010 including: • Electric Utility rate structure design review - 2010; • Water Utility rate study - 2013; • Water Utility rate study update - 2015; • Electric Utility limited rate structure design review - 2016; • Electric Utility electrification analysis study - 2021 • Electric Utility rate structure design review — 2018 & 2023 The COSA and Rate Study process will determine the District's total revenue requirement and how the revenue requirement may best be allocated to rates. There are three interrelated steps to the process: determine the revenue requirement, or total cost of service; allocate the revenue requirement among customer classes; and design rates to recover costs. The Proposal includes the following key services to accomplish this process: Page 50 of 234 • Meet with District staff to discuss study goals and collect financial information; • Develop a projected five-year revenue requirement; • Review rate classes and identifying potential changes, including but not limited to: Commercial TOU & Commercial EV TOU; • Net Metering update rate design alternatives • Develop cost-based rate design alternatives for each rate category; • Review Time-of-Use rates; • Present the Cost of Service and Rate Study to the Board. HDR has extensive experience in establishing cost-based electric rates and is highly qualified to perform this work for the District. HDR's project team specializes in rate and cost of service analyses full-time and has completed rate studies for electric utilities nationwide, including the District. Their proposed schedule to perform the Rate Study also aligns with staff's requirement to prepare the FY26- 27 Budget for the Board's review and consideration by November 2025. The COSA and Rate Study results will inform and be an integral component to the proposed FY26-27 Budget. HDR's fee estimate to perform the work includes $75,190 in labor and $7,053 for travel and other expenses for a total estimated cost of $82,243. Including a 10% contingency of $8,224, the total not-to-exceed for HDR services equates to $90,467. Funds for this work will come from existing budgets for professional services, specifically GL accounts 1.6.928.00.740 & 748, which combine for a FY25 budget amount of$90,000. We recommend the District enter into an Agreement for these special financial services with HDR. I also request your approval, pursuant to Code Section 3.08.050.3, to enter into this Agreement without soliciting proposals from other consultants. As the total amount is in excess of $15,000 1 will also prepare, upon your approval, a staff report recommending the District enter into an Agreement with HDR to perform an Electric COSA and Rate Study for review and consideration by the Board of Directors. X Brian C. Wright, General Manager Page 51 of 234 AGENDA ITEM #15 Public Utility District m MEETING DATE: April 2, 2025 TO: Board of Directors FROM: Melanie Rives, Finance & Accounting Manager SUBJECT: Consider Approval of the Treasurer's Report, April 2025 ATTACHMENTS: 1. 2025-04 Treasurer's Report Page 1 of 1 Page 52 of 234 TRUCKEE DONNER PUBLIC UTILITY DISTRICT TREASURER'S REPORT April 2, 2025 Fund Balances for the Month January 31, 2025 (Preliminary — pending year-end close and annual audit) And Disbursements for the Month February 28, 2025 (includes Government Code section 53065.5 items) Page 1 of 14 Page 53 of 234 TRUCKEE DONNER PUBLIC UTILITY DISTRICT Summary report of fund balances for the month ending January 31, 2025 and disbursements for February 2025. 1) REQUEST FOR APPROVAL OF DISBURSEMENTS and Check Summary The attached listing of checks and ACH payments issued during February 2025 total $4,036,266.81 in disbursements. 2) EMPLOYEE REIMBURSEMENT FOR INDIVIDUAL CHARGES Per Government Code 53065.5: Each special district, as defined by subdivision (a) of Section 56036, shall, at least annually, disclose any reimbursement paid by the district within the immediately preceding fiscal year of at least one hundred dollars ($100)for each individual charge for services or product received. "Individual charge" includes, but is not limited to, one meal, lodging for one day, transportation, or a registration fee paid to any employee or member of the governing body of the district. The disclosure requirement shall be fulfilled by including the reimbursement information in a document published or printed at least annually by a date determined by that district and shall be made available for public inspection. The Disbursements listing referenced in 1) includes above subject reimbursements information, as applicable. 3) STATEMENT OF GENERAL FUND: As of January 31, 2025 the balance in the General Fund was $14,434,739 (Electric $7,295,387 and Water $7,139,352). 4) FUNDS STATUS REPORT: The total of all funds held in cash and on deposit with US Bank, the Local Agency Investment Fund, Placer County Investment Fund, Utah Public Treasurers' Investment Fund, California CLASS, BNY and TVI Investments as of January 31, 2025 was$56,095,885 ($40,342,220 Electric and $15,753,665 Water). 5) INVESTMENT STATUS REPORT: The majority of the District's investments are in California's Local Agency Investment Fund (LAIF), Utah Public Treasurers' Investment Fund (UPTIF), California CLASS, and the Placer County Investment Fund (PCIF). The earnings rates for the last 13 months were: LAIF PCIF UPTIF 1 YR T-BILL TVI CLASS January 2024 4.01% 3.42% 5.48% 4.56% 0.55% February 2024 4.12% 3.45% 5.48% 4.76% 0.55% March 2024 4.27% 3.34% 5.44% 4.79% 0.55% April 2024 4.23% 3.61% 5.45% 4.99% 0.55% May 2024 4.33% 3.52% 5.43% 4.94% 0.55% June 2024 4.48% 3.65% 5.44% 4.86% 0.55% July 2024 4.52% 3.77% 5.43% 4.58% 0.55% August 2024 4.58% 3.80% 5.41% 4.23% 0.55% September 2024 4.58% 3.78% 5.32% 3.85% 0.55% October 2024 4.52% 3.66% 5.04% 4.08% 0.55% 5.00% November 2024 4.48% 3.79% 4.87% 4.11% 0.55% 4.83% December 2024 4.43% 3.73% 4.74% 4.11% 0.55% 4.64% January 2025 4.37% 3.83% 4.55% 3.99% 0.55% 4.42% Page 2 of 14 Page 54 of 234 TRUCKEE DONNER PUBLIC UTILITY DISTRICT Request for Approval of Disbursements The disbursements of the Truckee Donner Public Utility District for the month of February 2025 totaled $4,036,266.81. A listing of those disbursements is attached. AP DISBURSEMENTS METRICS (excludes Payroll): Accounts Payable (A/P) Metrics $ A/P Disbursements 7,000,000.00 6,000,000.00 5,000,000.00 4,000,000.00 3,000,000.00 2,000,000.00 — 1,000,000.00 0.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec ■2021 ■2022 ■2023 U➢ 2024 2025 # A/P Payments Issued 400 350 — — 300 250 200 150 — 100 — 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec ■2021 ■2022 ■2023 1 2024 2025 # A/P I nvoices Vouchered 1,200 1,000 800 600 400 200 I Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec ■2021 ■2022 ■2023 ■2024 ■2025 Page 3 of 14 Page 55 of 234 Truckee Donner Public Utility District Check Register CA February 2025 Gov.Code 53605.5 Check/Tran Date Type Vendor Vendor Name Item Reference Amount 6185 2/1/2025 WIRE 10737 US BANK GOVERNMENT SERVICES CREDIT CARD CHARGES $ 24,286.81 6195 2/1/2025 WIRE 6731 CALIFORNIA DEPARTMENT OF TAX AND FEE USE TAX PAYABLE 700.00 6184 2/4/2025 WIRE 10360 AFLAC EMPLOYEE PAID INSURANCE 1,360.38 45181 2/6/2025 DO 856 ACLARA TECHNOLOGIES LLC LICENSING,MAINTENANCE&SUPPORT 26,461.34 45182 2/6/2025 DO 1537 AMAZON CAPITAL SERVICES,INC MATERIALS&SERVICES 1,409.30 45183 2/6/2025 DO 9096 SCOTT BOTN* MEETING EXPENSES 213.00 45184 2/6/2025 DO 907 BSKASSOCIATES WATER SAMPLE ANALYSIS 180.10 45185 2/6/2025 DO 9098 TIGE BURK T2 RENEWAL 60.00 45186 2/6/2025 DO 10367 CCMEDIA PUBLISHING,LLC. MARKETING 1,250.00 45187 2/6/2025 DO 577 COOPERATIVE RESPONSE CENTER INC. ANSWERING SERVICE 3,788.71 45188 2/6/2025 DO 524 DE LAGE LANDEN OPERATIONAL SERVICES LLC XEROX COPIER LEASE 2,544.30 45189 2/6/2025 DO 10669 E.H.WACHS COMPANY MATERIALS&SERVICES 751.13 45190 2/6/2025 DO 640 EMPLOYER LYNX INC. PERSONNEL EXPENSES 180.00 45191 2/6/2025 DO 1167 ERPR,LLC PROFESSIONAL SERVICES:MARKETING 1,000.00 45192 2/6/2025 DO 848 FASTENAL MISC PARTS&SUPPLIES 18.56 45193 2/6/2025 DO 1484 FUENTES CONSULTING LLC SAFETY MEETING 1,423.66 45194 2/6/2025 DO 3340 GENERAL PACIFIC INC METER PURCHASE 79,964.50 45195 2/6/2025 DO 3480 GRAINGER INC. FACILITY SUPPLIES 153.56 45196 2/6/2025 DO 3515 GRAYBAR ELECTRIC CO INC MATERIALS&SERVICES 1,853.45 45197 2/6/2025 DO 1116 HUNT&SONS,INC MATERIALS&SERVICES 1,869.64 45198 2/6/2025 DO 1577 HUNT&SONS,LLC FUEL/OIL FOR VEHICLES 5,622.59 45199 2/6/2025 DO 1305 JW WELDING SUPPLIES&TOOLS MATERIALS&SERVICES 408.24 45200 2/6/2025 DO 115 KIMBALL-MIDWEST MATERIALS&SERVICES 109.04 45201 2/6/2025 DO 4720 MOUNTAIN HARDWARE AND SPORTS MATERIALS&SERVICES 76.18 45202 2/6/2025 DO 1419 MUNICIPAL MAINTENANCE EQUIPMENT REPAIRS&MAINTENANCE 1,738.15 45203 2/6/2025 DO 5130 NCPA MEMBERSHIP DUES 8,794.00 45204 2/6/2025 DO 1079 O'REI LLY AUTO PARTS MISC PARTS&SUPPLIES 73.95 45205 2/6/2025 DO 775 ONLINE INFORMATION SERVICES CREDIT CHECK SERVICES 219.50 45206 2/6/2025 DO 9504397 PACE SUPPLY TOOLS 134.80 45207 2/6/2025 DO 9923 STEVEN PONCELET* MEETING EXPENSES 255.22 45208 2/6/2025 DO 1574 REGIONAL GOVERNMENT SERVICES PROFESSIONAL SERVICES:OTHER 1,971.00 45209 2/6/2025 DO 6155 SAFETY-KLEEN CORPORATION HAZARDOUS MATERIAL COMPLIANCE 145.00 45210 2/6/2025 DO 1034 SCHNEIDER ELECTRIC IT CORPORATION LICENSING,MAINTENANCE&SUPPORT 7,676.00 45211 2/6/2025 DO 6402 SIERRA PACIFIC POWER CO PURCHASED POWER-SPPC&NEVADA POWER 40,300.27 45212 2/6/2025 DO 1532 SLATE ROCK FR EMPLOYEE UNIFORM 203.01 45213 2/6/2025 DO 6880 TAHOE INSTANT PRESS OFFICE SUPPLIES 53.54 45214 2/6/2025 DO 1297 TANTALUS SYSTEMS HARDWARE PURCHASES 1,075.56 45215 2/6/2025 DO 26 THE BANK OF NEW YORK MELLON DEBT PAYMENTS MONTHLY FUNDINGS(3 COPS) 214,986.08 45216 2/6/2025 DO 1176 TRUCKEE FAMILY EYECARE OPTOMETRY,INC VISION REIMBURSEMENT 514.00 45217 2/6/2025 DO 448 TRUCKEE TAHOE RADIO LLC MARKETING 2,595.20 45218 2/6/2025 DO 1286 TYNDALE COMPANY INC EMPLOYEE UNIFORM 190.84 45219 2/6/2025 DO 10584 UAMPS PURCHASED POWER-UAMPS 1,133,521.06 45220 2/6/2025 DO 1528 UNISYS CORPORATION COMPUTER SOFTWARE MAINTENANCE&SUPPORT 1,612.61 45221 2/6/2025 DO 643 UNITED SITE SERVICES OF NEVADA MATERIALS&SERVICES 1,310.54 45222 2/6/2025 DO 1538 USA FLEET SOLUTIONS MISC PARTS&SUPPLIES - 45223 2/6/2025 DO 1546 WATERS CHIROPRACTIC DMV PHYSICAL 280.00 45224 2/6/2025 DO 816 WESTERN ENVIRONMENTAL TESTING WATER SAMPLE ANALYSIS 638.12 45225 2/6/2025 DO 10678 WILLDAN FINANCIAL SERVICES GC&OG MRANNUALADMIN COSTS 4,100.00 45226 2/6/2025 DO 9968 BRIAN WRIGHT 53605.5 GMTOOLALLOWANCE 354.00 135550 2/6/2025 CHK 134 ANIXTER INC. INVENTORY 25,812.66 135551 2/6/2025 CHK 657 AT&T COMMUNICATIONS 689.49 135552 2/6/2025 CHK 44444 AMY BOWDEN INCENTIVES-DUCT LEAK MITIGATION/TEST 1,300.00 135553 2/6/2025 CHK 9176 JARED CARPENTER* MEETING EXPENSES 530.00 135554 2/6/2025 CHK 1054 COCHRANE FAMILY EYECARE VISION REIMBURSEMENT 823.00 135555 2/6/2025 CHK 1072 CONSOLIDATED ELECTRICAL DIST SECONDARY UPGRADE-VILLAGE GREEN 135.74 135556 2/6/2025 CHK 1415 CRISIS INTERVENTION SERVICES PROFESSIONAL SERVICES:PROGRAM DELIVERY 3,616.00 135557 2/6/2025 CHK 348 EDGES ELECTRICAL GROUP MATERIALS&SERVICES 602.26 135558 2/6/2025 CHK 99999 COLTON EVANS CUSTOMER REFUND-CLOSED ACCOUNT 100.06 135559 2/6/2025 CHK 1579 FIBER BROADBAND ASSOCIATION PROFESSIONAL SERVICES:STRATEGIC PLAN 1,200.00 135560 2/6/2025 CHK 1187 GLADWELL GOVERNMENTAL SERVICES,INC PROFESSIONAL SERVICES:OTHER 500.00 135561 2/6/2025 CHK 186 GRANITE CONSTRUCTION COMPANY MATERIALS&SERVICES 573.91 135562 2/6/2025 CHK 44444 ELIZABETH HENASEY INCENTIVES-EV CHARGERS 950.00 135563 2/6/2025 CHK 99999 DOROTHYT LEE CUSTOMER REFUND-CLOSED ACCOUNT 309.51 135564 2/6/2025 CHK 6401 LIBERTY UTILITIES ELECTRIC FOR PUMP STATION 1,783.53 135565 2/6/2025 CHK 10054 MOTORSHEEP 20241-TON MECHANIC TRUCK 562.92 135566 2/6/2025 CHK 592 NORTHERN SIERRA AIR QUALITY ENVIRONMENTAL COMPLIANCE FEES 993.44 135567 2/6/2025 CHK 5151 NRECA FEBRUARY 2025 INSURANCE 16,677.49 135568 2/6/2025 CHK 5150 NRECA GROUP BENEFITSTRUST FEBRUARY 2025 INSURANCE 242,726.32 135569 2/6/2025 CHK 5222 ODP BUSINESS SOLUTIONS LLC OFFICE SUPPLIES 129.59 135570 2/6/2025 CHK 1540 P31 ENTERPRISES CONTRACT SERVICES:ROW TREE CLEARING 2,858.67 135571 2/6/2025 CHK 99999 MR NICHOLAS A PFAFF CUSTOMER REFUND-CLOSED ACCOUNT 131.91 135572 2/6/2025 CHK 10503 PLACER COUNTY CLERK-RECORDER ELECTION EXPENSES 1,123.75 135573 2/6/2025 CHK 462 POWERPLAN-OIB REPAIRS&MAINTENANCE 518.07 135574 2/6/2025 CHK 44444 SUZANNE ROSE INCENTIVES-HEAT PUMP WATER HEATER 1,000.00 135575 2/6/2025 CHK 675 SHERWIN-WILLIAMS MATERIALS&SERVICES 44.11 135576 2/6/2025 CHK 11226 SHRED-IT USA LLC OFFICE SUPPLIES 85.00 135577 2/6/2025 CHK 1495 SOSU TV BOARDROOM MICROPHONE SYSTEM 27,464.00 135578 2/6/2025 CHK 10761 SOUTHWEST GAS CORP. UTILITIES:NATURAL GAS 27.61 135579 2/6/2025 CHK 669 STATE WATER RESOURCES CONTROL BOARD T3 RENEWAL-C.WALKER 60.00 135580 2/6/2025 CHK 682 VERIZON WIRELESS CELL PHONE CHARGES 2,965.24 135581 2/6/2025 CHK 5643 ZORO TOOLS,INC MATERIALS&SERVICES 85.99 6187 2/13/2025 PL PL PAYROLL PAYROLL DIRECT DEPOSIT 248,179.38 6188 2/13/2025 WIRE 11233 CALIPERS CALIPERS CONTRIBUTIONS PPE 02/07/2025 75,785.37 6189 2/13/2025 WIRE 540 CALIPERS 457 DEFERRED COMP PRGM CALIPERS 457 CONTRIBUTIONS PPE 02/07/2025 25,494.10 6190 2/13/2025 WIRE 3094 EMPLOYMENT DEV DEPT SDI/STATE WITHHOLDING PPE 02/07/2025 26,550.44 Page 1of4 Page 4 of 14 Page 56 of 234 Truckee Donner Public Utility District Check Register CA February 2025 Gov.Code 53605.5 Check/Tran Date Type Vendor Vendor Name Item Reference Amount 6191 2/13/2025 WIRE 905 HEALTHEQUITY INC. EMPLOYEE HSA CONTRIBUTIONS PPE 02/07/25 1,436.48 6192 2/13/2025 WIRE 7310 INTERNAL REVENUE SERVICE FEDERAL/FICA WITHHOLDING PPE 02/07/2025 122,619.07 6193 2/13/2025 WIRE 3824 MISSIONSQUARE 401A/457 CONTRIBUTIONS PPE 02/07/2025 39,241.09 45307 2/13/2025 DD 5440 ALTEC INDUSTRIES INC TOOLS 1,520.77 45308 2/13/2025 DD 1537 AMAZON CAPITAL SERVICES,INC COMPUTER EXPENSES 2,204.09 45309 2/13/2025 DD 10376 CORWIN FORD RENO REPAIRS&MAINTENANCE 16.37 45310 2/13/2025 DD 1587 DILLARD ENVIRONMENTAL SERVICES ENVIRONMENTAL COMPLIANCE FEES 450.00 45311 2/13/2025 DD 1472 EMERALD TRANSFORMER LA LLC PURCHASE TRANSFORMERS 2,789.95 45312 2/13/2025 DD 10650 EUROFINS EATON ANALYTICAL INC. WATER SAMPLE ANALYSIS 66.66 45313 2/13/2025 DD 848 FASTENAL MATERIALS&SERVICES 30.35 45314 2/13/2025 DD 9360 EMPLOYEE VISION REIMBURSEMENT 250.00 45315 2/13/2025 DD 3340 GENERAL PACIFIC INC EMPLOYEE UNIFORMS 315.54 45316 2/13/2025 DD 3480 GRAINGER INC. MATERIALS&SERVICES 691.18 45317 2/13/2025 DD 38201BEW LOCAL 1245 UNION DUES FEBRUARY 2025-EMPLOYEE CONTRIBUTIONS 7,509.55 45318 2/13/2025 DD 2232 JKAE FACILITIES MASTER PLAN 350.00 45319 2/13/2025 DD 9710 EMPLOYEE VISION REIMBURSEMENT 877.37 45320 2/13/2025 DD 4720 MOUNTAIN HARDWARE AND SPORTS MATERIALS&SERVICES 363.42 45321 2/13/2025 DD 1419 MUNICIPAL MAINTENANCE EQUIPMENT REPAIRS&MAINTENANCE 95.99 45322 2/13/2025 DD 289 NISC JANUARY 2025 PRINT SERVICES 21,588.82 45323 2/13/2025 DD 1079 O'REI LLY AUTO PARTS REPAIRS&MAINTENANCE 497.96 45324 2/13/2025 DD 820 ONESOURCE DISTRIBUTORS MATERIALS&SERVICES 13,450.20 45325 2/13/2025 DD 9504397 PACE SUPPLY MATERIALS&SERVICES 405.76 45326 2/13/2025 DD 1556 PURCELLTIRE COMPANY TIRES 257.67 45327 2/13/2025 DD 9924 RYAN PURSEL" EMPLOYEE DEVELOPMENT 213.00 45328 2/13/2025 DD 1606 SAAS ESOLUTIONS,LLC PROFESSIONAL SERVICES:PROGRAM DELIVERY 5,000.00 45329 2/13/2025 DD 1787 SILVER STATE INTERNATIONAL TRUCKS REPAIRS&MAINTENANCE 242.00 45330 2/13/2025 DD 1532 SLATE ROCK FR EMPLOYEE UNIFORMS 633.22 45331 2/13/2025 DD 10414 SNAP-ON INDUSTRIAL PERSONALCHARGE-R.PURSEL 115.24 45332 2/13/2025 DD 3826 STONE'S COUNTRYTIRE TIRES 2,239.95 45333 2/13/2025 DD 6655 SUNRISE ENVIRONMENTAL SCIENTIFIC FIELD SUPPLIES 762.03 45334 2/13/2025 DD 1357 SWIFT COMMUNICATIONS OF CALIFORNIA GENERAL ADVERTISEMENT 119.00 45335 2/13/2025 DD 7313 TAHOE SUPPLY COMPANY MATERIALS&SERVICES 860.13 45336 2/13/2025 DD 1157 TAIT NORTH AMERICA,INC LICENSING,MAINTENANCE&SUPPORT 23,451.00 45337 2/13/2025 DD 6360 THATCHER COMPANY OF CALIFORNIA,INC WATER QUALITY:TREATMENT 2,125.20 45338 2/13/2025 DD 155 THE BANK OF NEW YORK MELLON MELLO ROOS ADMIN COSTS 2,320.00 45339 2/13/2025 DD 1176 TRUCKEE FAMILY EYECARE OPTOMETRY,INC SAFETY GLASSES-KOLBYSILKWOOD 916.00 45340 2/13/2025 DD 1286 TYNDALE COMPANY INC EMPLOYEE UNIFORMS 123.70 45341 2/13/2025 DD 2236 UNIFIRST EMPLOYEE UNIFORM CLEANING SERVICES 452.47 45342 2/13/2025 DD 9966 EMPLOYEE VISION REIMBURSEMENT 455.34 45343 2/13/2025 DD 630 WESTERN AREA POWER ADMINISTRATION ENVIRONMENTAL COMPLIANCE FEES 14.03 45344 2/13/2025 DD 816 WESTERN ENVI RON MENTAL TESTING WATER SAMPLE ANALYSIS 778.66 45345 2/13/2025 DD 9948 BRIAN YOHN` MEETING EXPENSES 140.00 135582 2/13/2025 CHK 134 ANIXTER INC. INVENTORY 17,509.73 135583 2/13/2025 CHK 99999 SAVANNA ARNETT CUSTOMER REFUND-CLOSED ACCOUNT 10.86 135584 2/13/2025 CHK 657 AT&T COMMUNICATIONS 699.67 135585 2/13/2025 CHK 1527 AT&T MOBILITY CELL PHONE CHARGES 3,250.94 135586 2/13/2025 CHK 1006 CALIFORNIA STATE DISBURSEMENT UNIT CHILD SUPPORT PPE 02/07/2025 115.38 135587 2/13/2025 CHK 1072 CONSOLIDATED ELECTRICAL DIST SECONDARY UPGRADE-VILLAGE GREEN 48.86 135588 2/13/2025 CHK 10489 CORELOGIC INFORMATION SOLUTIONS INC LICENSING,MAINTENANCE&SUPPORT 537.32 135589 2/13/2025 CHK 3096 EMPLOYMENT DEVELOMENT DEPT. UNEMPLOYMENT INSURANCE 557.00 135590 2/13/2025 CHK 99999 LARRY GRAY CUSTOMER REFUND-CLOSED ACCOUNT 182.34 135591 2/13/2025 CHK 905 HEALTHEQUITY INC. HSA ADMINISTRATIVE FEES 85.80 135592 2/13/2025 CHK 10932 J&L FOOD MART&CARWASH REPAIRS&MAINTENANCE 170.00 135593 2/13/2025 CHK 99999 MR MANUEL JACOBO CUSTOMER REFUND-CLOSED ACCOUNT 133.26 135594 2/13/2025 CHK 99999 DANA MALEK CUSTOMER REFUND-CLOSED ACCOUNT 28.10 135595 2/13/2025 CHK 5222 ODP BUSINESS SOLUTIONS LLC OFFICE SUPPLIES 498.98 135596 2/13/2025 CHK 1540 P31 ENTERPRISES POLE CHANGE OUTS 64,711.24 135597 2/13/2025 CHK 44444 STEVE SHOWLER INCENTIVES-ENVELOPE LEAK MITIGATION/TEST 1,300.00 135598 2/13/2025 CHK 10761 SOUTHWEST GAS CORP. UTILITIES:NATURALGAS 5,017.60 135599 2/13/2025 CHK 1497 STATE COLLECTIONS AND DISBURSEMENT UNIT CHILD SUPPORT PPE 02/07/2025 612.18 135600 2/13/2025 CHK 669 STATE WATER RESOURCES CONTROL BOARD D4 RENEWAL-S.YOUNGREN 105.00 135601 2/13/2025 CHK 6860 TAHOE FOREST HOSPITAL DISTRICT WORKER'S COMP FIRST AID 358.00 135602 2/13/2025 CHK 1284 TAHOETRUCKEE COMMUNITY FOUNDATION EMPLOYEE DEVELOPMENT 750.00 135603 2/13/2025 CHK 9979 EMPLOYEE VISION REIMBURSEMENT 607.86 135604 2/13/2025 CHK 999 TOWN OF TRUCKEE WO#20644442,INITIAL DEPOSIT REFUND 1,000.00 135605 2/13/2025 CHK 10050 TOWN OF TRUCKEE CONTRACT SVCS:PAVING/SLURRY 108,455.15 135606 2/13/2025 CHK 7380 UNITED PARCELSERVICE UPS CHARGES 277.76 45346 2/20/2025 DD 5440 ALTEC INDUSTRIES INC REPAIRS&MAINTENANCE 117.41 45347 2/20/2025 DD 1537 AMAZON CAPITAL SERVICES,INC MATERIALS&SERVICES 1,701.40 45348 2/20/2025 DD 10376 CORWIN FORD RENO REPAIRS&MAINTENANCE 478.18 45349 2/20/2025 DD 992 E&M ELECTRIC&MACHINERY INC LICENSING,MAINTENANCE&SUPPORT 632.00 45350 2/20/2025 DD 2263 EMPIRE SOUTHWEST,LLC. REPAIRS&MAINTENANCE 284.94 45351 2/20/2025 DD 949 FERGUSON ENTERPRISES INC 1423 MATERIALS&SERVICES 534.91 45352 2/20/2025 DD 2254 FULL HEART DESIGN PROFESSIONAL SERVICES:MARKETING 1,762.50 45353 2/20/2025 DD 3340 GENERAL PACIFIC INC EMPLOYEE UNIFORM 763.14 45354 2/20/2025 DD 3480 GRAINGER INC. MATERIALS&SERVICES 636.37 45355 2/20/2025 DD 3515 GRAYBAR ELECTRIC CO INC OFFICE SUPPLIES 227.67 45356 2/20/2025 DD 1149 LOOMIS BANKING CHARGES 941.97 45357 2/20/2025 DD 1099 MOANA NURSERY PROFESSIONAL SERVICES:OTHER 263.00 45358 2/20/2025 DD 965 MOSS ADAMS LLP PROFESSIONAL SERVICES:AUDIT 4,107.00 45359 2/20/2025 DD 617 MOUNTAIN EAP EMPLOYEE RELATIONS&WELLNESS PROGRAM 225.00 45360 2/20/2025 DD 4720 MOUNTAIN HARDWARE AND SPORTS MATERIALS&SERVICES 386.80 45361 2/20/2025 DD 970 NORTHERN CALIFORNIA JOINT POLE ASSN MEMBERSHIP DUES 12.82 45362 2/20/2025 DD 10207 NRECA MEMBERSHIP DUES 23,647.00 45363 2/20/2025 DD 494 NVS,INC. VARIOUS PROJECTS 37,594.00 Page 2of4 Page 5 of 14 Page 57 of 234 Truckee Donner Public Utility District Check Register CA February 2025 Gov.Code 53605.5 ChecklTran Date Type Vendor Vendor Name Item Reference Amount 45364 2/20/2025 DD 1079 O'REI ILLY AUTO PARTS MISC PARTS&SUPPLIES 263.94 45365 2/20/2025 DD 9504397 PACE SUPPLY TOOLS 1,677.17 45366 2/20/2025 DD 5730 PORTERSIMON LEGAL SERVICES 7,014.00 45367 2/20/2025 DD 9924 EMPLOYEE VISION REIMBURSEMENT 687.31 45368 2/20/2025 DD 890 QUALUS,LLC MARTIS VALLEY SUBSTATION MODERNIZATION 12,910.50 45369 2/20/2025 DD 6155 SAFETY-KLEEN CORPORATION HAZARDOUS MATERIAL COMPLIANCE 140.00 45370 2/20/2025 DD 837 SIERRA OFFICE SOLUTIONS XEROX COPIER LEASE 513.91 45371 2/20/2025 DD 1787 SILVER STATE INTERNATIONAL TRUCKS REPAIRS&MAINTENANCE 1,218.10 45372 2/20/2025 DD 11214 SINNETT CONSULTING SERVICES,LLC PERSONNEL EXPENSES 97.50 45373 2/20/2025 DD 1532 SLATE ROCK FR EMPLOYEE UNIFORMS 1,332.12 45374 2/20/2025 DD 10414 SNAP-ON INDUSTRIAL MISC PARTS&SUPPLIES 304.08 45375 2/20/2025 DD 215 SURVALENT TECHNOLOGY INC LICENSING,MAINTENANCE&SUPPORT 27,269.00 45376 2/20/2025 DD 6880 TAHOE INSTANT PRESS OFFICE SUPPLIES 128.44 45377 2/20/2025 DD 6360 THATCHER COMPANY OF CALIFORNIA,INC WATER QUALITY:TREATMENT 2,887.44 45378 2/20/2025 DD 1328 TRAFFIC MANAGEMENT,INC. 2025 ELF FUSE DEPLOYMENT 5,170.00 45379 2/20/2025 DD 1605 TRAVERSE CONSULTING LLC PROFESSIONAL SERVICES:OTHER 8,250.00 45380 2/20/2025 DD 1176 TRUCKEE FAMILY EYECARE OPTOMETRY,INC VISION REIMBURSEMENT 859.00 45381 2/20/2025 DD 7300 TRUCKEE RENTS INC MATERIALS&SERVICES 6.17 45382 2/20/2025 DD 1286 TYNDALE COMPANY INC EMPLOYEE UNIFORMS 355.81 45383 2/20/2025 DD 2236 UNIFIRST EMPLOYEE UNIFORM CLEANING SERVICES 497.83 45384 2/20/2025 DD 643 UNITED SITE SERVICES OF NEVADA MATERIALS&SERVICES 655.27 45385 2/20/2025 DD 320 W&T GRAPHIX SCREEN PRINTING& EMPLOYEE UNIFORMS 450.00 45386 2/20/2025 DD 816 WESTERN ENVIRONMENTAL TESTING WATER SAMPLE ANALYSIS 1,270.72 45387 2/20/2025 DD 7820 WESTERN NEVADA SUPPLY CO MATERIALS&SERVICES 90.55 45388 2/20/2025 DD 9968 BRIAN WRIGHT 53605.5 MEETING EXPENSES&MILEAGE 1,279.32 135607 2/20/2025 CHK 134 ANIXTER INC. MATERIALS&SERVICES 1,655.07 135608 2/20/2025 CHK 657 AT&T COMMUNICATIONS 4,449.73 135609 2/20/2025 CHK 240 AUDIO ON-HOLD ON-HOLD PHONE SYSTEM 79.00 135610 2/20/2025 CHK 5607 CALIFORNIA CHAMBER OF COMMERCE OFFICE SUPPLIES 141.16 135611 2/20/2025 CHK 1553 CRANMER ENGINEERING INC WATER SAMPLE ANALYSIS 100.00 135612 2/20/2025 CHK 5661 DOORKING,INC BUILDING MAINTENANCE 43.95 135613 2/20/2025 CHK 348 EDGES ELECTRICAL GROUP HARDWARE REFRESH-NETWORK LIFECYCLE 109.64 135614 2/20/2025 CHK 99999 ALEXIS HARPER CUSTOMER REFUND-CLOSED ACCOUNT 167.45 135615 2/20/2025 CHK 99999 GEORGE HERMANN CUSTOMER REFUND-CLOSED ACCOUNT 291.62 135616 2/20/2025 CHK 99999 WILLIAM I KUETTEL CUSTOMER REFUND-CLOSED ACCOUNT 195.85 135617 2/20/2025 CHK 1540 P31 ENTERPRISES CONTRACT SERVICES:ROW TREE CLEARING 48,457.99 135618 2/20/2025 CHK 462 PAPE MACHINERY MATERIALS&SERVICES 1,708.88 135619 2/20/2025 CHK 999 KOREN PILKINTON INSURANCE DEDUCTIONS&LOSSES 125.00 135620 2/20/2025 CHK 10101 PITNEY BOWES OFFICE SUPPLIES 682.16 135621 2/20/2025 CHK 99999 WILLIAM RAMSEY CUSTOMER REFUND-CLOSED ACCOUNT 236.73 135622 2/20/2025 CHK 1398 SCHINDLER ELEVATOR CORP BUILDING MAINTENANCE 549.36 135623 2/20/2025 CHK 675 SHERWIN-WILLIAMS MATERIALS&SERVICES 25.33 135624 2/20/2025 CHK 10720 SNOQUIP REPAIRS&MAINTENANCE 522.90 135625 2/20/2025 CHK 6860 TAHOE FOREST HOSPITAL DISTRICT PERSONNEL EXPENSES 462.50 135626 2/20/2025 CHK 6920 TAHOE TRUCKEE SIERRA DISPOSAL LANDFILL CHARGES 3,054.09 135627 2/20/2025 CHK 99999 KATIE TALANSKY CUSTOMER REFUND-CLOSED ACCOUNT 30.57 135628 2/20/2025 CHK 999 TOWN OF TRUCKEE 20644429 REFND 20744429/20744442 BAL DUE 12,596.13 135629 2/20/2025 CHK 7175 TRANSWORLD SYSTEMS INC COLLECTION SERVICES 49.48 135630 2/20/2025 CHK 11041 TRUCKEE PAINT MART INC. MATERIALS&SERVICES 538.24 135631 2/20/2025 CHK 1308 TRUCKEETIRE TIRES 1,494.35 135632 2/20/2025 CHK 682 VERIZON WIRELESS CELL PHONE CHARGES 175.14 6197 2/27/2025 PL PL PAYROLL PAYROLL DIRECT DEPOSIT 265,462.88 6198 2/27/2025 WIRE 11233 CALIPERS CALIPERS CONTRIBUTIONS PPE 02/21/2025 75,054.75 6199 2/27/2025 WIRE 540 CALIPERS 457 DEFERRED COMP PRGM CALIPERS 457 CONTRIBUTIONS PPE 02/21/2025 24,059.71 6200 2/27/2025 WIRE 3094 EMPLOYMENT DEV DEPT SDI/STATE WITHHOLDING PPE 02/21/2025 27,491.42 6201 2/27/2025 WIRE 905 HEALTHEQUITY INC. EMPLOYEE HSA CONTRIBUTIONS PPE 02/21/25 1,436.48 6202 2/27/2025 WIRE 7310 INTERNAL REVENUE SERVICE FEDERAL/FICA WITHHOLDING PPE 02/21/2025 126,212.61 6203 2/27/2025 WIRE 3824 MISSIONSQUARE 401AI457 CONTRIBUTIONS PPE 02/21/2025 38,652.68 6205 2/27/2025 WIRE 1359 CALIPERS OPEB-CERBT MONTHLY CONTRIBUTION 10,417.00 45474 2/27/2025 DD 1537 AMAZON CAPITAL SERVICES,INC 20241-TON MECHANIC TRUCK 1,506.55 45475 2/27/2025 DD 10376 CORWIN FORD RENO REPAIRS&MAINTENANCE 1,008.59 45476 2/27/2025 DD 524 DE LAGE LANDEN OPERATIONAL SERVICES LLC XEROX COPIER LEASE 2,544.30 45477 2/27/2025 DD 893 DEBBIE MADERA CLEANING SERVICE BUILDING CLEANING 7,004.00 45478 2/27/2025 DD 2263 EMPIRE SOUTHWEST,LLC. REPAIRS&MAINTENANCE 396.08 45479 2/27/2025 DD 848 FASTENAL MATERIALS&SERVICES 119.24 45480 2/27/2025 DD 361 FIRST CHOICE SERVICES FACILITY SUPPLIES 103.20 45481 2/27/2025 DD 1484 FUENTES CONSULTING LLC SAFETY MEETING 1,666.24 45482 2/27/2025 DD 3340 GENERAL PACIFIC INC EMPLOYEE UNIFORM 131.36 45483 2/27/2025 DD 3480 GRAINGER INC. MATERIALS&SERVICES 608.00 45484 2/27/2025 DD 3515 GRAYBAR ELECTRIC CO INC OFFICE SUPPLIES 264.66 45485 2/27/2025 DD 1116 HUNT&SONS,INC FUEL/OIL FOR VEHICLES 1,626.38 45486 2/27/2025 DD 1577 HUNT&SONS,LLC FUEL/OIL FOR VEHICLES 5,975.73 45487 2/27/2025 DD 115 KIMBALL-MIDWEST MISC PARTS&SUPPLIES 578.52 45488 2/27/2025 DD 11025 MOONSHINE INK MARKETING 428.00 45489 2/27/2025 DD 10008 MOTION&FLOW CONTROL PRODUCTS,INC. MISC PARTS&SUPPLIES 565.05 45490 2/27/2025 DD 4720 MOUNTAIN HARDWARE AND SPORTS MATERIALS&SERVICES 349.39 45491 2/27/2025 DD 1079 O'REI LLY AUTO PARTS REPAIRS&MAINTENANCE 271.70 45492 2/27/2025 DD 820 ONESOURCE DISTRIBUTORS INVENTORY 1,694.79 45493 2/27/2025 DD 9504397 PACE SUPPLY TOOLS 895.58 45494 2/27/2025 DD 1574 REGIONAL GOVERNMENT SERVICES PROFESSIONAL SERVICES:OTHER 4,558.20 45495 2/27/2025 DD 9936 EMPLOYEE VISION REIMBURSEMENT 94.65 45496 2/27/2025 DD 9945 MICHAEL SALMON GC MRANNUALADMIN COSTS 15.26 45497 2/27/2025 DD 1532 SLATE ROCK FR EMPLOYEE UNIFORM 142.52 45498 2/27/2025 DD 6604 SPIEGEL&MC DIARMID PROFESSIONAL SERVICES:FERC ISSUES 603.75 45499 2/27/2025 DD 7313 TAHOE SUPPLY COMPANY FACILITY SUPPLIES 127.62 Page 3of4 Page 6 of 14 Page 58 of 234 Truckee Donner Public Utility District Check Register CA February 2025 Gov.Code 53605.5 ChecklTran Date Type Vendor Vendor Name Item Reference Amount 45500 2/27/2025 DD 2025 THE OFFICE BOSS WATER SAMPLE ANALYSIS 21.91 45501 2/27/2025 DD 712 TRUCKEE DONNER PUD PURCHASED POWER-STAMPEDE HYDRO GEN 69,217.85 45502 2/27/2025 DD 1176 TRUCKEE FAMILY EYECARE OPTOMETRY,INC VISION REIMBURSEMENT 1,314.00 45503 2/27/2025 DD 1286 TYNDALE COMPANY INC EMPLOYEE UNIFORM 666.15 45504 2/27/2025 DD 2236 UNIFIRST EMPLOYEE UNIFORM CLEANING SERVICES 995.66 45505 2/27/2025 DD 1528 UNISYS CORPORATION COMPUTER SOFTWARE MAINTENANCE&SUPPORT 1,641.11 45506 2/27/2025 DD 816 WESTERN ENVIRONMENTAL TESTING WATER SAMPLE ANALYSIS 760.10 45507 2/27/2025 DD 9968 BRIAN WRIGHT 53605.5 MEETING EXPENSES,CAR RENTAL 673.49 135633 2/27/2025 CHK 657 AT&T COMMUNICATIONS 95.87 135634 2/27/2025 CHK 1006 CALIFORNIA STATE DISBURSEMENT UNIT CHILD SUPPORT PPE 02/21/2025 115.38 135635 2/27/2025 CHK 10472 CHAMPION CHEVROLET 20241-TON MECHANIC TRUCK 156,618.24 135636 2/27/2025 CHK 348 EDGES ELECTRICAL GROUP HARDWARE REFRESH-NETWORK LIFECYCLE 4.36 135637 2/27/2025 CHK 78 FEDERAL EXPRESS CORPORATION FEDERAL EXPRESS CHARGES 50.00 135638 2/27/2025 CHK 1610 KRUEGER INTERNATIONAL,INC. BOARDROOM&EVENT FURNITURE 37,907.99 135639 2/27/2025 CHK 99999 DR BETTE G MAISEL-WHITE III CUSTOMER REFUND-CLOSED ACCOUNT 4.98 135640 2/27/2025 CHK 5222 ODP BUSINESS SOLUTIONS LLC OFFICE SUPPLIES 405.99 135641 2/27/2025 CHK 10101 PITNEY BOWES OFFICE SUPPLIES 99.05 135642 2/27/2025 CHK 10503 PLACER COUNTY CLERK-RECORDER PERMITS&FEES 20.00 135643 2/27/2025 CHK 99999 RE/MAX GOLD CUSTOMER REFUND-CLOSED ACCOUNT 390.01 135644 2/27/2025 CHK 675 SHERWIN-WILLIAMS MATERIALS&SERVICES 1,840.70 135645 2/27/2025 CHK 5673 SONETICS CORPORATION MATERIALS&SERVICES 189.88 135646 2/27/2025 CHK 1497 STATE COLLECTIONS AND DISBURSEMENT UNIT CHILD SUPPORT PPE 02/21/2025 612.18 135647 2/27/2025 CHK 10050 TOWN OF TRUCKEE W.RIVER ST-TRUCKEE RIVER BRIDGE 176,828.47 135648 2/27/2025 CHK 1308 TRUCKEE TIRE TIRES 321.15 279 $ 4,036,266.81 *Denotes employee reimbursement containing multiple items with no individual item charge of$100 or greater. Page of Page 7 of 14 Page 59 of 234 TRUCKEE DONNER PUBLIC UTILITY DISTRICT STATEMENT OF GENERAL FUND Activity for the Month Ended 1/31/2025 Page 1 of 2 Electric Dept Water Dept Total Balance in General Fund 12/31/2024 $10,672,049 $6,994,900 $17,666,948 Receipts: Revenue received $5,523,860 $1,662,859 $7,186,719 Retired employees medical insurance 19,659 - 19,659 Record interest earned 80,569 39,884 120,453 Reimbursement for COP funded projects - 30,074 30,074 FF Funding&DL Surcharge Reimbursement for 2006 COP 8,160 8,160 Cash clearing accounts(timing-prior month reversal) (218,027) - (218,027) Cash clearing accounts(timing-current month) 93,381 - 93,381 Total Receipts $5,499,441 $1,740,977 $7,240,419 Disbursements: Accounts payable/payroll disbursements $5,361,321 $996,786 $6,358,106 Voided checks (550) - (550) Transfer to Vehicle Reserve 925,000 327,000 1,252,000 Transfer to Rate Reserve 540,000 - 540,000 Transfer to Capital Reserve 2,000,000 250,000 2,250,000 Restrict facilities fees 7,176 13,440 20,616 Restrict Donner Lake surcharge - 9,299 9,299 Section 125 benefit disbursement 30,794 - 30,794 Bank charges 12,363 - 12,363 Total Disbursements $8,876,103 $1,596,525 $10,472,628 Balance in General Fund 1/31/2025 $7,295,387 $7,139,352 $14,434,739 3/24/2025 12:35 PM I:\Treasurers Report\Statement of General Fund\2025\2025-01 GF Page 8 of 14 Page 60 of 234 TRUCKEE DONNER PUBLIC UTILITY DISTRICT Funds Status Report Activity for the Month Ended 1/31/2025 Page 2 of 2 Electric Dept Water Dept Total Distribution of Operating Funds At Month-End: Customer Services Operating Funds $2,400 $0 $2,400 Operating clearing accounts 93,381 - 93,381 U.S. Bank-General Fund 4,028,942 - 4,028,942 LAIF, UPTIF, PCIF,&TVI-General Fund 3,170,664 7,139,352 10,310,016 Total Operating Funds $7,295,387 $7,139,352 $14,434,739 Distribution of Designated&Restricted Funds at Month-End: LAIF, UPTIF, PCIF,TVI &CLASS $33,155,304 $8,098,990 $41,254,294 UPTIF-Donner Lake Assessment District 87,500 87,500 2015 COP Water Bonds, Principal Payment Fund - 234,245 234,245 2022 COP Issuance/Payment Fund 91,785 202,991 294,776 U S Bank-Donner Lake Assessment District 00-1 - 43,171 43,171 Total Designated&Restricted Funds $33,247,089 $8,666,897 $41,913,986 Total Market Adjustments (200,256) (52,584) (252,840) Total Funds Available $40,342,220 $15,753,665 $56,095,885 3/24/2025 12:35 PM I:\Treasurers Report\Statement of General Fund\2025\2025-01 GF Page 9 of 14 Page 61 of 234 INVESTMENT STATUS REPORT Activity for the Month Ended 1/31/2025 Balance Beg.Balance Month End Balance %Current Month(%Last Month) 12/31/2024 12/31/2024 Activity 1/31/2025 ELECTRIC FUNDS LOCAL AGENCY INVESTMENT FUND(LAIF)-4.37%(4.43%) General Fund 1..136.1 $ 6,294,941 $ 6,294,941 $ (5,042,407) $ 1,252,534 Consolidate cash (666,073) Capital Reserve funding at budget (2,000,000) Redistribution of UPTIF/LAIF (1,450,000) LAIF transfer (1,000,000) Quarterly investment income payment received 73,666 Capital Replacement Fund 1..136.41 2,181,606 2,181,606 2,025,542 4,207,148 Quarterly investment income payment received 25,542 Reserve funding at budget 2,000,000 AB 32 Cap S Trade Fund 1..136.58 481,113 481,113 5,638 486,751 Quarterly investment income payment received 5,638 Deferred Liabilites Reserve 1..136.42 2,267,444 2,267,444 26,529 2,293,973 Quarterly investment income payment received 26,529 LCFS Credits 1..136.59 112,056 112,056 1,325 113,382 Quarterly investment income payment received 1,325 2022 COP Project Fund 1..132.95 7,039,834 7,039,834 82,377 7,122,211 Quarterly investment income payment received 82,377 Total LAIF Electric Investments 18,376,994 18,376,994 (2,900,996) 15,475,998 UTAH PUBLIC TREASURERS'INVESTMENT FUND(UPTIF)- 4.55%(4.74%) General Fund 1..136.12 521,095 521,095 (20,045) 501,050 Restrict facility fees (7,176) Record monthly interest 2,131 Redistribution of UPTIF/LAIF 1,450,000 Reserve fundings @ budget (1,465,000) Facilities Fees 1..136.9 653,845 653,845 9,850 663,696 Restrict facilites fees 7,176 Record monthly interest 2,674 Electric Rate Reserve Fund 1..136.45 1,868,991 1,868,991 547,644 2,416,635 Record monthly interest 7,644 Rate Reserve Funding from GF @ budget 540,000 Capital Replacement Fund 1..136.46 495,353 495,353 2,026 497,379 Record monthly interest 2,026 Electric Vehicle Reserve 1..136.13 1,428,687 1,428,687 930,843 2,359,530 Record monthly interest 5,843 Reserve funding @ budget 925,000 Total UPTIF Electric Investments 4,967,970 4,967,970 1,470,319 6,438,289 PLACER COUNTY INVESTMENT FUND(PCIF)- 3.83%(3.73%) Electric General Fund PC 1..136.49 908,374 908,374 2,878 911,253 Record monthly interest 2,878 Electric Rate Reserve Fund 1..136.47 1,115,617 1,115,617 3,535 1,119,153 Record monthly interest 3,535 Capital Replacement Fund 1..136.48 1,335,212 1,335,212 4,231 1,339,444 Record monthly interest 4,231 Total PCIF County Electric Investments 3,359,204 3,359,204 10,645 3,369,849 TVI INVESTMENTS- 0.55%(0.55%) Capital Replacement Fund 1..136.43 2,966,550 2,966,550 - 2,966,550 Electric Rate Reserve Fund 1..136.44 1,500,000 1,500,000 - 1,500,000 Total TVI Electric Investments 4,466,550 4,466,550 4,466,550 3/24/202512s0 PM Investments Status Report Page 10 of 14 r\Tr-u,-Report\1n�e-nt st.-Report:\2025\2025-ar in�enmentacams Report Page 1 of 4 Page 62 of 234 INVESTMENT STATUS REPORT Activity for the Month Ended 1/31/2025 Balance Beg.Balance Month End Balance %Current Month(%Last Month) 12/31/2024 12/31/2024 Activity 1/31/2025 CLASS INVESTMENTS- 4.42%(4.64%) General Fund 1..136.16 503,934 503,934 1,893 505,828 Record monthly interest 1,893 Electric Rate Reserve Fund 1..136.22 1,511,598 1,511,598 5,680 1,517,277 Record monthly interest 5,680 Vehicle Reserve Fund 1..136.23 503,934 503,934 1,893 505,828 Record monthly interest 1,893 Capital Reserve Fund 1..136.24 4,031,201 4,031,201 15,147 4,046,348 Record monthly interest 15,147 Total CLASS Electric Investments 6,550,668 6,550,668 24,613 6,575,281 Total Electric Investments $ 37,721,387 $ 31,170,719 $ (1,420,032) $ 29,750,687 3/24/2025 use PM Investments Status Report Page 11 of 14 is\Tr—.,—Report\1n�e—nt smm:Report:\za25\2025-ai in�enmenaacams Report Page 2 of 4 Page 63 of 234 INVESTMENT STATUS REPORT Activity for the Month Ended 1/31/2025 Balance Beg.Balance Month End Balance %Current Month(%Last Month) 12/31/2024 12/31/2024 Activity 1/31/2025 WATER FUNDS LOCAL AGENCY INVESTMENT FUND(LAIF)-4.37%(4.43%) General Fund 2..136.1 3,090,636 3,090,636 438,803 3,529,439 Consolidate cash 666,073 Quarterly investment income payment received 36,170 Restrict facility fees (13,440) Reserve fundings @ budget (250,000) Facilities Fees 2..136.90 1,411,527 1,411,527 479,961 1,891,488 Restrict facility fees 13,440 Redistribution UPTIF/LAIF 450,000 Quarterly investment income payment received 16,521 Capital Replacement Fund 2..136.41 1,210,177 1,210,177 1,264,152 2,474,330 Quarterly investment income payment received 14,152 Reserve funding @ budget 250,000 Redistribution UPTIF/LAIF 1,000,000 Total LAIF Water Investments 5,712,340 5,712,340 2,182,916 7,895,256 UTAH PUBLIC TREASURERS'INVESTMENT FUND(UPTIF)- 4.55%(4.74%) General Fund 2..136.12 908,092 908,092 (294,351) 613,741 Transfer to DLAD surcharge (9,299) DL Surcharge Reimbursement for 2006 COP 8,160 FF Funding portion of 2006 COP 30,074 Reserve funding @ budget (327,000) Record monthly interest 3,714 Facilities Fees 2..136.25 495,007 495,007 (478,049) 16,958 Record monthly interest 2,025 Transfer to GF for FF Funding portion of 2006 COP (30,074) Redistribution UPTIF/LAIF (450,000) West River St.Assessment District 2..136.31 43,090 43,090 176 43,266 Record monthly interest 176 Prepaid Connection Fees 2..136.7 88,057 88,057 360 88,417 Record monthly interest 360 Donner Lake Assessment District Fund 2..136.84 87,144 87,144 356 87,500 Record monthly interest 356 Donner Lake Assessment District Surcharge Fund 2..136.61 223,320 223,320 2,052 225,372 DLAD surcharge collections 9,299 DL Surcharge reimbursement to GF for 2006 COP (8,160) Record monthly interest 913 TSA SAD II Improvement Fund 2..136.85 20,787 20,787 85 20,872 Record monthly interest 85 Water Vehicle Reserve 2..136.13 728,607 728,607 329,980 1,058,587 Record monthly interest 2,980 Reserve funding @ budget 327,000 Deferred Liabilites Reserve 2..136.42 120,249 120,249 492 120,741 Record monthly interest 492 Capital Replacement Fund 2..136.46 1,131,023 1,131,023 (995,374) 135,649 Record monthly interest 4,626 Redistribution UPTIF/LAIF (1,000,000) Total UPTIF Water Investments 3,845,376 3,845,376 (1,434,272) 2,411,104 PLACER COUNTY INVESTMENT FUND(PCIF)- 3.83%(3.73%) Total PCIF Water Investments TVI INVESTMENTS- 0.55%(0.55%) Water General Fund TVI 2..136.15 2,996,171 2,996,171 - 2,996,171 Total TVI Water Investments 2,996,171 2,996,171 2,996,171 CLASS INVESTMENTS- 4.42%(4.64%) Water Vehicle Reserve 2..136.24 2,015,738 2,015,738 7,574 2,023,311 Record monthly interest 7,574 Total CLASS Water Investments 2,015,738 2,015,738 7,574 2,023,311 Total Water Investments $ 14,569,625 $ 14,569,625 $ 756,218 $ 15,325,843 3/24/2025 12s0 PM Investments Status Report Page 12 of 14 is\Tr-u,-Report\1n�e-nt smm:Report:\2a25\2o25-ai in�enmentacams Report Page 3 of 4 Page 64 of 234 INVESTMENT STATUS REPORT Activity for the Month Ended 1/31/2025 Balance Beg.Balance Month End Balance %Current Month(%Last Month) 12/31/2024 12/31/2024 Activity 1/31/2025 ELECTRIC&WATER INVESTMENTS,COMBINED TOTALS Pre-Market Adjustments Total LAIF Investments 45% 24,089,334 24,089,334 (718,079) 23,371,254 Total UPTIF Investments 17% 8,813,347 8,813,347 36,046 8,849,393 Total PCIF Investments 7% 3,359,204 3,359,204 10,645 3,369,849 Total TVI Investments 14% 7,462,722 7,462,722 - 7,462,722 Total CLASS Investments 17% 8,566,405 8,566,405 32,187 8,598,592 Total Investments 100% Month End Bal.Mix $ 52,291,011 $ 52,291,012 $ (639,202) $ 51,651,810 Market Adjustments Total LAIF Investments (9,106) (9,106) - (9,106) Total UPTIF Investments 16,492 16,492 - 16,492 Total PCIF Investments (16,653) (16,653) - (16,653) Total TVI Investments (243,495) (243,495) 86 (243,409) Total CLASS Investments (165) (165) (165) Total Investments $ (252,761) $ (252,927) $ 86 $ (252,841) Post-Market Adjustments Total LAIF Investments 46% 24,080,227 24,080,227 (718,079) 23,362,148 Total UPTIF Investments 17% 8,829,839 8,829,839 36,046 8,865,885 Total PCIF Investments 6% 3,342,552 3,342,552 10,645 3,353,196 Total TVI Investments 14% 7,219,227 7,219,227 86 7,219,313 Total CLASS Investments 17% 8,566,240 8,566,240 32,187 8,598,427 Total Investments 100% Month End Bal.Mix $ 52,038,084 $ 52,038,084 $ (639,115) $ 51,398,970 3/24/202512:30PM Investments Status Report Page 13 of 14 I:\Tr.-ur—Report\Investment Status Reports\2025\2--In vertm—Status Report Page 4 of 4 Page 65 of 234 (.- m 10 m M M N - 10 m O N m O 10 m � N N E ; m N O O m � m W W r- m M m m m � 10 10 W W 10 N N m � m � � � M m M m W m m M M �0 N M M m O c0 m M (� M N 1- N N M N N N V (O M c M c M (O oo M M M (-i (O M N � (O �} W Cl) M W M )n CO M N O N C) m M It M O OD O )n O W N N (n M M M M m CM OD m M V O) (o 10 (0 m to c0 (V O) O M O M M 'tcO M (� N 00 (0 02 OD (0 N (0 (0 N G Cl! m (0 CZ N cc! 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W O w 1 ao ww (o W � W 3 LL O m m (o M � N Oo co N N (o {O m m v O )o m y LL«• M m V It M 'tw N CZoD Oc w Cc m L W N cV W N co co W co co m > j C fA fA C9 T Cl) M M to w m N m m M N (0 C to to to m N U y m M m Lo N oO co M O m M M M M M m N M m m M O9 M M W v M (u0 C » co M m 0o O m (- Oo m m (� M 7 )0 r M N N M W M m m ' O O LL'J N_ m m to m O �_ M O N N_ M I� m (O n cV (� M W M cV W Oi Oi N M N M M (n (n f.- M (n LL M O m W N (O N O) f� m w V V O m m N f� m m Clt N N N m c0 C+) m m M m m N m m No N Lo v N N A fA fA E9 '� n A O 7 o O N O N mO c c0 C LL ` .mod.^ ; N m E m O O Z o m in m N } } LL c 'o w G c a O rn u c m a w a LL d d Z N LL LL c C Z O O >' L O w O C O` ~ d E w u c d udi (n E m �+ aci m c ,,F W O U f7 (.4 o d c d m d d d d M N d LL d O; m o m co m n c R ud) > c E Z (n to d c g c c d E c °) c d d N E d w m r N -O >. c LL N N O > w 9 T C > _ O O E n1 L } L } L 7 LL ad+ C a d ` N w �j d ` d C � d c W 0 O � O N J U d U d U a u) LL d 2 C) O V OI 7 CC w o' W Z C d d U LL d E V N C N c A C t a d (L d r� d O O U' O > ? d Z udi r �- ti c d d LL y QE u s c o V LL LL d d d u IL O N Q W 7 LL ON) O m LL N Q l 00) Q .� O A O O N N N U a H d C LL «. rd-� U 'A Vl m d O ~ F C 't7 d •O. w u M LL LL LL F K •� •a N H w a O F O V d A A m m d pp V O O (a w d m c m m y 0 0 (a J J J O LL K V G W m J U 0 r2 Q O LL O N G LL G G F U U W W W 2 2 Page 66 of 234 AGENDA ITEM #16 Public Utility District m MEETING DATE: April 2, 2025 TO: Board of Directors FROM: Martina Rochefort, District Clerk/Executive Assistant SUBJECT: Consider Approval of Meeting Minutes APPROVED BY: Brian C. Wright, General Manager RECOMMENDATION: Consider approval of March 12, 2025 Special Meeting Minutes BACKGROUND: ANALYSIS AND BODY: 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: ATTACHMENTS: 1. Minutes 2025 0312 Page 1 of 1 Page 67 of 234 TRUCKEE DONNER PUBLIC UTILITY DISTRICT SPECIAL BOARD MEETING MINUTES TDPUD BOARD ROOM, 11570 DONNER PASS ROAD, TRUCKEE, CA 6:00 PM, WEDNESDAY, MARCH 12, 2025 1. Call to Order Meeting was called to order at 6:02 p.m. 2. Roll Call Directors Present: Courtney Murrell, Steve Randall, Jeff Bender, Vice President Tony Laliotis and President Christa Finn Staff in attendance: Brian Wright, Mike Salmon, Jillian Steward, Scott Crow, Chad Reed, Xander Thomassian, Alex Spychalsky, Martina Rochefort Other: Steve Gross, General Counsel 3. Pledge of Allegiance Director Laliotis led the Pledge of Allegiance. 4. Changes to the agenda No changes were made to the agenda. 5. Public Comment No public comment was received. DIRECTOR UPDATE 6. Director Murrell thanked the District for using CivicPlus to distribute board materials. Director Laliotis thanked the crews for their hard work in the field. Directors Randall and Bender did not have an update. President Finn also appreciated utilizing the new board portal. DEPARTMENT UPDATES 7. Brian Wright, General Manager, provided an update from a recent Leadership Summit and introduced Mike Swanson as the District's new Director of Electric Engineering and Operations. CONSENT CALENDAR 8. Consideration of a Contract with All Electric Motors, INC. for the FY2025 Electric Motor Repair Services Authorize the General Manager to execute a contract with All Electric Motors, INC. for water utility electric motor repair services for a total not to exceed contract amount of $90,000. 1 Page 68 of 234 Truckee Donner Public Utility District March 12, 2025 9. Consideration of Scheduling a Public Hearing Related to Adoption of the Annual Electric and Water Standby Charges Schedule a public hearing at the regularly scheduled District Board Meeting on April 2, 2025 at 6:00 PM, or as soon thereafter, for the purpose of receiving input on the adoption of annual Electric and Water Standby Charges. 10. Consideration of a professional services contract with Tait Communications Authorize the General Manager to execute a contract with Tait Communications using a joint purchasing agreement to replace the District's Tait DMR radio server infrastructure in tan amount not to exceed $42,726.24. 11. Consideration of Authorizing the General Manager to Execute a Support Services Program Agreement with NCPA for Inspection and Testing Services at Donner Lake Substation Authorize the General Manager to execute a services contract under the Northern California Power Agency's Support Services Program Agreement for NorCal Power Services LLC to perform detailed inspection and electrical testing at Donner Lake Substation in the amount of $45,890, plus a 10% change order authorization and associated Northern California Power Agency administrative fees of$1,105, for a not to exceed amount of $51,584. 12. Consideration of Authorizing the General Manager to Execute a Support Services Program Agreement with NCPA for Transformer Bushing Replacement at Tahoe Donner Substation Authorize the General Manager to execute a services contract under the Northern California Power Agency's Support Services Program Agreement for NorCal Power Services LLC to perform transformer bushing replacements at Tahoe Donner Substation in the amount of$38,760, plus a 10% change order authorization and associated Northern California Power Agency administrative fees of $1,105, for a not to exceed amount of$43,741. 13. Consideration for Approval of a Professional Services Contract to Conduct a Water Utility Rate and Cost of Service Study Authorize the General Manager to execute a professional services agreement with HDR Engineering Inc. for the 2025 Water Rate Study in the amount of $39,950 plus a ten percent change order allowance of$3,950 for a total authorization not to exceed $43,945. 14. Consideration of Award of a Contract to Update the Water Department's 10-Year Capital Improvement Plan Authorize the General Manager to execute a contract with Dowl, LLC for updating the Water Department's Capital Improvement Plan in an amount of 2 Page 69 of 234 Truckee Donner Public Utility District March 12, 2025 $78,480, plus a ten percent change order allowance of$7,848 for a total authorization not to exceed $86,328. 15. Closeout of the District East Office Remodel Construction Contract Adopt Resolution 2025-03 accepting the District East Office Remodel project as complete and authorizing the filing of the Notice of Completion. 16. Consideration for Approval of a voluntary bill Round-Up Program Approval of the district implementing a voluntary bill Round Up Program with proceeds benefiting customers with delinquent account balances 17. Approve the Treasurer's Report for March 2025 A. Approve preliminary fund balances for the month of December 2024 B. Approve disbursements for the month of January 2025 C. Accept report of semi-annual delinquent account write-offs by Treasurer D. Accept report of annual employee vehicle use 18. Rejection of proposals for the procurement of a Battery Energy Storage System Reject all proposals received for the procurement of the Battery Energy Storage System project, and direct staff to evaluate potential options for different energy storage solutions. 19. Approval of Meeting Minutes Approve Meeting Minutes from 02/15/2024 Special Meeting, 05/15/2024 Special Meeting, 11/20/2024 Special Meeting, 01/15/2025 Regular Meeting and 02/05/2025 Regular Meeting as presented. No public comment was received. ACTION: Motion made by Director Bender to approve the Consent Calendar as presented, seconded by Director Laliotis. The motion passed 5-0 by roll call vote. ACTION ITEMS 20. Consideration for Approval of the Updated Memorandum of Understanding Between the Truckee Donner Public Utility District and International Brotherhood of Electrical Workers Local 1245 Approve the updated Memorandum of Understanding Between Truckee Donner Public Utility District and International Brotherhood of Electrical Workers Local 1245 to be effective January 1, 2025 through December 31 , 3 Page 70 of 234 Truckee Donner Public Utility District March 12, 2025 2027, in substantially the form presented. Brian Wright, General Manager, presented the Updated Memorandum of Understanding between the District and International Brotherhood of Electrical Workers Local 1245. No public comment was received. Discussion was held. ACTION: Motion made by Director Bender to approve the updated Memorandum of Understanding between Truckee Donner Public Utility District and International Brotherhood of Electrical Workers Local 1245 to be effective January 1, 2025 through December 31, 2027, seconded by Director Randall. The motion passed 5-0 by roll call vote. 21. Consideration for Approval of the 2025 Wage and Compensation Adjustments and Adopt Resolution 2025-05 Revisions to District Code, Title 4 Personnel 1.) Approve the Unrepresented (Technical, Engineering and Management) wage and compensation adjustments as proposed 3.) Adopt Resolution 2025-05, Approving revisions to District Code Title 4, Personnel 2.) Approve the 2025 Unrepresented Employees Wage Schedule General Manager presented the 2025 Wage and Compensation Adjustments for unrepresented employees. No public comment was received. Discussion was held. ACTION: Motion made by Director Laliotis to approve Unrepresented (Technical, Engineering and Management) wage and compensation adjustments as proposed, adopt Resolution 2025-05 Revisions to District Code Title 4, Personnel, and approve the 2025 Unrepresented Employees Wage Schedule, seconded by Director Murrell. The motion passed 5-0 by roll call vote. 22. Consideration of Approval of a 2024 Q4 Power Cost Adjustment (PCA) of$0.0337 credit per kWh Billed in March and April 2025. Approve Power Cost Adjustment for 2024 Q4 of$0.0337 credit per kWh billed in March and April 2025 Michael Salmon, Chief Financial Officer, presented on the Fourth Quarter 2024 Power Cost Adjustment. No public comment was received. Discussion was held. 4 Page 71 of 234 Truckee Donner Public Utility District March 12, 2025 ACTION: Motion made by Director Bender to approve the Power Cost Adjustment for 2024 Q4 of 0.0337 credit per kWh billed in March and April 2025, seconded by Director Laliotis The motion passed 5-0 by roll call vote. 23. Considering Acceptance of the District's Fiscal Year End 2024 Budget Performance Review and Fund Transfers A. Accept this report of Budget Performance for 2024 end of year, which includes variances identified since the adoption of the budget for 2024. B. Authorize internal book fund transfers as of 12/31/2024 as follows: 1. Electric Utility - No transfers 2. Water Utility - No transfers CFO presented the 2024 Budget Performance Review. No public comment was received. Discussion was held. ACTION: Motion made by Director Bender to accept the 2024 End of Year Budget Performance, including variances identified since the adoption of the budget for 2024, and authorize internal book fund transfers as of December 31, 2024 as follows: Electric Utility — No transfers and Water Utility — No transfers, seconded by Director Murrell. The motion passed 5-0 by roll call vote. 24. Consideration of Approval of Resolution 2025-06 Documenting Negative Local Impacts of Federal Funding Cuts on Forest Health and Wildfire Mitigation 1. Adopt Resolution 2025-06 documenting the negative local impacts of federal funding and staffing cuts on forest health and wildfire mitigation. 2. Direct staff to draft a cover letter, to be approved by the Board President and Vice President, expressing the District's concern over federal staffing and funding cuts that will negatively impact local forest health and wildfire mitigation. General Manager presented Resolution 2025-06. No public comment was received. Discussion was held. ACTION: Motion made by Director Murrell to adopt Resolution 2025-06 as presented and direct staff to draft a cover letter, to be approved by the Board President and Vice President, expressing the District's concern over federal staffing and funding cuts will negatively impact local forest health 5 Page 72 of 234 Truckee Donner Public Utility District March 12, 2025 and wildfire mitigation, seconded by Director Laliotis The motion passed 5- 0 by roll call vote. Open Session recessed at 8:26 p.m. CLOSED SESSION 25. Closed Session Pursuant to Government Code Section 54956.9(d)(1), Conference with Legal Counsel, Existing Litigation, Kuhlemier v. TDPUD, et al., United States District Court, Eastern District of California Case No. 2-24-cv-02951-DC-AC 26. Closed Session Pursuant to Government Code Section 54956.9(d)(1), Conference with Legal Counsel, Existing Litigation, Sanchez v. TDPUD, et al., Superior Court of the State of California, County of Nevada Case No. C00001910 27. Closed Session Pursuant to Government Code Section 54956.9(d)(2), Conference with Legal Counsel, Anticipated Litigation, One Case Open Session reconvened at 10:16 p.m. President Finn noted there was no reportable action taken in Closed Session. ADJOURNMENT Meeting adjourned at 10:16 p.m. TRUCKEE DONNER PUBLIC UTILITY DISTRICT Christa Finn, Board President Respectfully submitted, Martina Rochefort, District Clerk 6 Page 73 of 234 AGENDA ITEM #17 r P, I Public Utility District MEETING DATE: April 2, 2025 TO: Board of Directors FROM: Grant Sacks, Billing and Customer Services Manager Michael Salmon, Chief Financial Officer SUBJECT: Consideration to approve a procurement contract with Howard Industries for customer payment kiosk APPROVED BY. Brian C. Wright, General Manager RECOMMENDATION: Authorize the General Manager to execute a procurement contract with Howard Industries for the purchase of one customer payment kiosk for an amount not to exceed $25,000, which includes kiosk for $19,919 and contingency, taxes and other fees totaling $5,081. BACKGROUND: The District utilizes online payments, bank bill pay, mobile payments, front-counter payments and checks by mail for customer payments towards their bill. There are a sufficient number of unbanked and or under-banked customers in the District, who, without a bank account or credit/debit card, are not afforded the same 24-hour access to payments as other customers. ANALYSIS AND BODY: Staff is presenting to the Board for consideration for approval of a procurement contract with Howard Industries for a payment kiosk to reduce account delinquencies and increase 24-hour payment access to all customers. During the last quarter of 2024, staff engaged with the only two kiosk vendors that integrate with the District's NISC Customer Information System. Howard Industries has a number of utilities with both a kiosk installation and the critical NISC Customer Information System integration. Staff negotiated favorable terms and pricing with Howard Industries and received price sheets for warranty, repair and maintenance service items which may be required during the contract period. The cash retrieval services (emptying kiosk of cash) is based on kiosk activity and said cost is anticipated to not create an excess cost to expense budget for customer service. The required integration qualifies for sole source procurement, as specified in District Code 3.08.010.7. Page 1 of 4 Page 74 of 234 The scope of the project includes: Installing a Howard H1 kiosk at the District front lobby doors. Creating electrical connections to serve the kiosk. Creating an Ethernet data connection to serve the kiosk. Creating a data link between the kiosk and the NISC Customer Information System to reflect real-time payments on their account. The proposed scope of the Howard H1 payment kiosk installation at the District will allow 24-hour access to make payments for unbanked and under-banked customers, as well as providing an additional payment option for all other customers. The additional payment option will reduce potential disconnects for non-payment, late fees and additional staff work hours to process these steps. An image of the Howard H1 kiosk is presented below. Page 2 of 4 Page 75 of 234 Howard HI Kiosk Page 3of4 Page 76 of 234 This item is in support of the following objectives and goals identified by the District. GOALS AND OBJECTIVES: District Code 1 .05.020 Objectives: 1. Responsibly serve the public. 2. Provide a healthy and safe work environment for all District employees. 5. Manage the District in an environmentally sound manner. 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 2. Environmental Stewardship: Create a sustainable resilient environment for all our communities. 3. Engage with our customers and communities in a welcoming and transparent way to identify opportunities. 4. Take the best of private sector thinking to modernize the utility and add value to our communities. 5. Developing an inclusive culture drives organizational integration and success. FISCAL IMPACT: The amount includes shipping, handling and taxes services and contingency. The cost of the hardware qualifies as a capital expenditure and sufficient funds exist in the capital budgets for both water and electric. The cost will be split 50/50 between water and electric utilities. ATTACHMENTS: None Page 4 of 4 Page 77 of 234 AGENDA ITEM #18 Public Utility District m MEETING DATE: April 2, 2025 TO: Board of Directors FROM: Michael Salmon, Chief Financial Officer SUBJECT: Consideration of Authorizing the General Manager to Execute the Agreement Regarding APN# 043-010-005-000. APPROVED BY: Z_ Brian C. Wright, General Manager RECOMMENDATION: A. Determine that the waiver of current Penalty and Interest for APN# 043-010-005-000 agreement complies with the requirements of Government Code section 53340(f), and B. Authorize the General Manager to execute the Agreement regarding APN# 043-010- 005-000 (Attachment 1); accepting full payment for all installment special tax amounts past due, in exchange for waiving current Penalty and Interest amounts BACKGROUND: In 2004 and 2005, the Truckee Donner Public Utility District (TDPUD) Community Facilities District (CFD) No. 04-1 (Gray's Crossing) issued special tax bonds (Bonds) totaling $15,375,000. The Bonds were issued to construct and acquire various public improvements needed with respect to the development within Gray's Crossing, to fund the Reserve Account securing the Bonds, to fund capitalized interest on the Bonds, and to pay the costs of issuance of the Bonds. The CFD is a Mello-Roos CFD and the Bond's debt is repaid by a Mello-Roos special tax assessment. The tax is only applied to parcel owners of the CFD. It is an additional line item on property tax bills each year, with installments due with property taxes (December and April). The Bonds are limited obligations of CFD payable solely from the special tax. TDPUD has no financial obligation regarding CFD's debt. As the Bonds are currently issued, the special tax runs through 2035, corresponding with the last debt payment. The vast majority of 407 parcels in the CFD have been paying their respective annual special tax amounts and are current. However, there are three undeveloped parcels with significant installment delinquency amounts, and have incurred significant penalties and interest charges due to the delinquencies. Regarding the three undeveloped parcels that have significant installment delinquency Page 1 of 5 Page 78 of 234 amounts, and have incurred significant penalties and interest charges due to the delinquencies. The table below summarizes the current delinquency amounts. Assessor Parcel SoecialTax Parcel Owner Number(APN) Installments Penalties Interest Total Siddiqui 019-770-002-000 $ 2,965,488 $ 296,563 $ 3,091,274 $ 6,353,325 Siddiqui 043-010-005-000 1, 1,413,758 $ 144,948 $ 1,612,403 $ 3,171,110 DKALVISO 043-010-007-000 $ 2,409,375 $ 240,937 $ 2,812,002 $ 5,462,314 i Totals,as of 41=2025 ! $ 6,788,621 $ 682,449 $ 7,515,679 $ 14,986,749 Penalties and Interest Total $ 8,196,128 Siddiqui full owner name is Siddiqui Family Partnership, L.P DK ALVISO full owner name is DK Alivso LLC. The referenced parcels have Mello-Roos tax assessment delinquencies beginning in 2009 through current. In 2020, the parcels were purchased in tax sales, with proceeds applied to the current year's special tax delinquency amounts by Nevada County. The current owners assumed all past-due amounts. The parcels cannot be developed without settlement of amounts due to the CFD. For the DK Alviso parcel, the Board approved an agreement on January 5, 2022, an agreement 24-month extension on June 7, 2022, and an 18-month extension on June 5, 2024. The new buyer, developer Paradigm8, is in the final stages of permitting approvals with the Town of Truckee. In October 2024, Siddiqui Family Partnership, L.P., the owner of parcel APN # 019-770- 002-000, had a potential buyer, Soldier Creek LLC, for the 019-770-002-000 property, which could have solved the delinquent tax problem. The Board approved an agreement on October 2, 2024, with this potential buyer. However, the buyer declined to continue the transaction. In November 2024, Siddiqui Family Partnership, L.P., the owner of parcel APN # 043- 010-005-000, had a potential buyer, Soldier Creek LLC, for the 043-010-005-000 property, which could have solved the delinquent tax problem. The Board approved an agreement on November 6, 2024, with this potential buyer. However, the buyer declined to continue the transaction. ANALYSIS AND BODY: Currently, Siddiqui Family Partnership, L.P., the owner of parcel APN # 043-010-005- 000, has a potential buyer, Hartford Land Management, for the 043-010-005-000 property, which could solve the delinquent tax problem. Current details on the amounts owed for this parcel are as follows: Page 2 of 5 Page 79 of 234 Special Tax Tax Year Installments Penalty Interest Total Origi nal Judgement 2011 $ 15,764.82 $ 5,149.09 $ - $ 20,913.91 Dec2020 Update to OJ above $ - $ - $ 20,025.15 $ 20,025.15 Modified Judgement totals $ 848,185.06 $ 84,818.51 $ 804,928.54 $1,737,932.11 2/10/2021(addtl.tax years) Modf.Judgement Date to4/30/2025 $ 648,861.78 $ 648,861.78 2020/2021Tax Year $ 69,428.86 $ 6,942.89 $ 47,905.91 $ 124,277.66 2021/2022Tax Year $ 70,551.44 $ 7,055.14 $ 35,981.23 $ 113,587.82 2022/2023Tax Year $ 111,022.84 $ 11,102.28 $ 36,637.54 $ 158,762.66 2023/2024Tax Year $ 120,417.48 $ 12,041.75 $ 18,062.62 $ 150,521.85 2024/2025Tax Year $ 178,387.98 $ 17,838.80 $ - $ 196,226.78 APN Totals $1,413,758.49 $ 144,948.46 $ 1,612,402.78 $3,171,109.72 Penalties and Interest Total $ 1,757,351.24 Siddiqui Family Partnership, L.P. has presented CFD (to the District as administrator of CFD) an Agreement (Agreement). The Agreement, in essence, requests in exchange for payment of Installment Amounts past due in full. The CFD waives all accrued Penalties and Interests to date, including the accrued Penalties and Interest included in the Judgment. Siddiqui Family Partnership, L.P., is also the the owner of parcel APN # 019-770-002-000, has the same potential buyer, Hartford Land Management requesting a similar agreement, which is on the board agenda as a separate item for considerationl. The waiver of current penalty and interest amounts due is in the best interest of the owners of the bonds, in that it will lead to the curing of a significant special tax delinquency and facilitate development of the parcel, thereby reducing the likelihood of future special tax delinquencies. The CFD's legal counsel, Stradling Yocca Carlson & Rauth, has reviewed the Agreement presented by Siddiqui Family Partnership, L.P and made several markup edits. The Agreement with markup edits is presented as Attachment 1. Per council review of CFD formation documents, upon making determinations set forth in Government Code section 53340, the District has the authority to waive all or a portion of penalties and interest, but not the principal special tax/installment amounts. The significant multi-year non-payment of the special tax assessments for approximately 15 years by the three parcels amounts to $5.9 million in unpaid mello- roos taxes. Due primarily to these three parcels not paying each year over the last 15 years, the CFD has had to use reserve funds to make the annual debt service payments. The reserve requirement is $3.32 million, and the current balance is $1.9 million. The reserve balance is not sufficient to make-whole through the end of the bond term in 2035, falling several years short. Further details related to the reserve account are provided in Attachment 2. Page 3 of 5 Page 80 of 234 Below in red are the three significant delinquency parcels locations. The location of the subject parcel is in the bottom red right below, and is referred to as Lot D Gray's Crossing #3. The parcel is 6.86 acres per county assessor and is generally located north of 1-80 and south off Henness Road. r �n►g m t Viddlqui-019 Church ACMS ■ o` U w� E a Hinton Ln I-043 ob�� is .i+ls0 California Government Code section 53340(f) is provided as Attachment 3. The code section specifies the following: (f)(1)Notwithstanding subdivision(e),the legislative body of the district may waive all or any specified portion of the delinquency penalties and redemption penalties if it makes all of the following determinations: (A)The waivers shall apply only to parcels delinquent at the time of the determination. (B)The waivers shall be available only with respect to parcels for which all past due and currently due special taxes and all other costs due are paid in full within a limited period of time specified in the determination. (C)The waivers shall be available only with respect to parcels sold or otherwise transferred to new owners unrelated to the owner responsible for the delinquency. (D)The waivers are in the best interest of the debtholders. Additional information on CFD 04-1 Grays Crossing is provided in Attachment 4 Annual Report for FY24-25 and Attachment 5 Continuing Disclosure Report for FY23-24. Page 4of5 Page 81 of 234 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 4. Take the best of private sector thinking to modernize the utility and add value to our communities. FISCAL IMPACT: There is no financial impact on Truckee Donner Public Utility District's Electric Utility or Water Utility, nor each utility's respective customers. For the CFD, receiving the Installment Amount of$1,413,758.48 would increase cash for the CFD, replenish the Reserve balance, and decrease accounts receivable. For the CFD, billed but not collected, penalties of $144,948.46 and interest of approximately $1,612,402.78 would not be collected. The probability of collecting said amounts with a current or future owner is considered very low. The Penalties and Interest amounts are recorded on a cash basis, so there would be no financial impact on CFD's current financial statements regarding Income and Expenses related to Penalties and Interest. Going forward, with the receipt of$1,413,758.48 and write-off of all past to current Penalties and Interest, the parcel can move forward with development/improvements to the parcel. With said development, the parcel's value increases, and the CFD retains full rights to foreclose on the parcel if the parcel becomes delinquent on special taxes. ATTACHMENTS: 1. GC HLM Agreement APN 043-010-005-000 2. CFD 04-1 Grays Crossing Significant Event 9.1.24 Reserve Draw-To Client 3. Cal Gov Code § 53340 4. FY2425 CFD 04-1 Annual Report - To Client 5. FY2324 TDPUD CFD 04-1 Continuing Disclosure - Final Page 5 of 5 Page 82 of 234 GRAY'S CROSSING AGREEMENT This GRAY'S CROSSING PARCEL AGREEMENT("Agreement")dated for reference purposes only as of , 2025, is made by and between the Truckee Donner Public Utility District, a public utility district ("District"), Siddiqui Family Partnership, LP ("Owner"), and Harford Land Management ("Buyer"). District, Owner, and Buyer are collectively referred to herein as the "Parties". RECITALS A. Owner has entered into a binding purchase and sale agreement ("PSA") Buyer for that certain property located in the Town of Truckee ("Town"), County of Nevada, State of California, known as Assessor's Parcel Number 043-010-005-000, commonly known as "Lot D" at Gray's Crossing Phase 3 at Henness Road, Truckee California and described in Exhibit A attached hereto ("Property"). B. Such PSA would require Buyer at the close of escrow to assume all existing delinquent Mello-Roos special tax liabilities associated with Community Facilities District No. 04-1(Gray's Crossing) (the "CFD") and applicable to the Property. C. The District's Board of Directors, formed the CFD under the provisions of the Mello- Roos Community Facilities Act of 1982, as amended, being Chapter 2.5, Part 1, Division 2, Title 5, of the Government Code of the State of California. District is authorized to levy special taxes upon land within the CFD,including the Property,and has issued one or more series of bonds to provide financing for infrastructure and other public capital improvements to be owned and operated by District. D. On October 4, 2010, the District filed an action in the Nevada County Superior Court,Case No. T 10-4287C(the"Action"),foreclosing on the special tax lien against the property, obtaining a Judgment of Foreclosure and Order of Sale on August 2, 2011. The Judgment was amended on February 10, 2021, and the total amount of the Judgment is currently $4,847,428.40, which includes penalties and interest through that date. (the "Judgment Amount"). E. The District acknowledges that Buyer would not close escrow and acquire the Property but for the District's agreement to waive all applicable penalties and interest upon payment of the Principal Amount pursuant to the terms and conditions set forth below. NOW,THEREFORE,based on the terms and conditions herein set forth,the Parties agree as follows: AGREEMENT 2. Payment of Delinquencies and Forgiveness of Penalties and Interest. In accordance with Escrow Instructions provided to the escrow officer, at the close of the Escrow associated with Buyer's purchase of the Property, Buyer shall pay to District all amounts necessary to both (a) satisfy the judgment(s) obtained by or on behalf of the District related to the delinquent special taxes less the applicable penalties and interest associated therewith that are forgiven pursuant to the remainder of this Section 2 ("Principal Amount") and(b) any currently due special taxes, less applicable penalties and interest. Upon such payment, District shall immediately waive all 1 4916-7231-1596v1/022925-0021 Page 83 of 234 applicable penalties and interest to the maximum extent permitted by law. As of April 10, 2025, the Principal Amount totals $1,413,758.48 and applicable penalties and interest that the District agrees to waive, total $1,757,351.24. The Parties acknowledge that the Principal Amount as well as the applicable penalties and interest will increase before Buyer's payment pursuant to the terms and conditions of this Agreement. District hereby agrees that in exchange for Buyer's payment of the Principal Amount and any currently due special taxes, District shall waive all applicable penalties and interest accruing with respect to special taxes that were delinquent at the time of Buyer's acquisition of the Property until such time as the Principal Amount and any currently due special taxes are paid pursuant to the terms and conditions of this Agreement. Buyer hereby represents to District that as of the Effective Date, Buyer is not responsible for any portion of the delinquencies or applicable penalties and interest attributable thereto as described herein. 3. Satisfaction of Judgment. In consideration for the payment of the Principal Amount and the promises and covenants contained herein, within ten (10) business days of the receipt of the funds representing the total Principal Amount by the District, the District shall and record an Acknowledgment of Satisfaction of Judgment in the Nevada County Superior Court. 4. Representations and Warranties. A. Owner represents and warrants to the District that it and all affiliated and related entities, and their respective agents, officers, directors, shareholders, members, managers, employees, attorneys, insurers, subsidiaries, predecessors, successors, are unrelated and unaffiliated with Buyer. B. Buyer represents and warrants to the District that it and all affiliated and related entities, and their respective agents, officers, directors, shareholders,members,managers, employees, attorneys, insurers, subsidiaries,predecessors, successors, are unrelated and unaffiliated with Owner. 5. District Findings. By its approval of this Agreement, the Board of Directors of District hereby finds and determines that: (a) the waiver of all applicable penalties and interest described herein shall apply only to the Property and the special tax applicable to the Property that was delinquent at the time of the Buyer's acquisition of the Property; (b) such waiver shall only be available to the Property at such time as the Principal Amount and currently due special taxes and all other costs (excluding all applicable penalties and interest) are paid in full, which shall occur within the time periods described in Sections 6 below; (c) the Property will have been sold or otherwise transferred to new owners unrelated to the owner(s)responsible for the delinquencies as of the Effective Date; and (d) said waiver is in the best interest of the owners of the bonds in that it will result in the curing of a significant special tax delinquency and facilitate development of the Property thereby reducing the likelihood of future special tax delinquencies. 6. Limitations. Nothing contained in this Agreement is intended in any way to limit District's ability to continue to diligently pursue foreclosure proceedings until the delinquent special taxes applicable to the Property are paid. 7. Effective Date. This Agreement shall become effective upon the date of the last signature below. 8. Term. The term of this Agreement shall be six (6) months ("Term"),If the escrow associated with Buyer's purchase of the Property has not closed by the end of the Term and the 4916-7231-1596v1/022925-0021 Page 84 of 234 District has not received payment of the Principal Amount, all Parties' obligations under the Agreement cease, other than those obligations that are specified to survive the Term. 9. Waiver. Waiver by a party of any of the covenants or agreements herein contained on the part of the other party to be kept or performed shall not be construed as constituting a waiver of the same or of any other covenant as to breach or default subsequently arising or as the waiver of a subsequent breach of any of the covenants hereunder. 10. Remedies Cumulative. The rights and remedies of each party under this Agreement are cumulative and not exclusive of any rights or remedies to which such party is entitled by law. The exercise by a party of any right or remedy under this Agreement or under applicable law will not preclude such party from exercising any other right or remedy under this Agreement or to which the Parties are entitled by law. 11. Binding on Heirs and Successors. This Agreement shall be binding on and shall inure to the benefit of the heirs, executors, administrators, successors and assigns of the Parties hereto. 12. Costs of Dispute. In the event of a dispute arising from or relating to the terms of this Agreement or the breach hereof,the party prevailing in such dispute shall be entitled to recover all expenses, including, without limitation, reasonable attorneys' fees and expenses, incurred in ascertaining such party's rights, in preparing to enforce, and in enforcing such party's rights under this Agreement, whether or not it was necessary for such party to institute adjudicatory proceedings. Expenses shall include but not be limited to, court costs as well as consultants' and experts' fees and costs. 13. Notices.Except as otherwise expressly provided by law,any and all notices or other communication required or permitted by this Agreement or by law to be served on or given to either party hereto by the other party hereto shall be in writing and shall be deemed duly served and given when personally delivered to the parry to whom it is directed, sent by facsimile transmission, sent via electronic message to the party's email address(es) set forth below, or when deposited in the United States mail, first-class postage prepaid, addressed as follows. If not sent via electronic message originally, any notice or other communication must also be sent via electronic message to the party's email address(es) set forth below. District: Truckee Donner Public Utility District 11570 Donner Pass Rd., Truckee, CA 96161 Attn: Michael R. Salmon, Chief Financial Officer Email: michaelsalmon@tdpud.org Owner: Siddiqui Family Partnership, L.P. 1808 J Street, Sacramento, CA 95811 Attn: Javed T. Siddiqui, General Partner Email: Javed.Siddiqui@JTSEngineering.com 4916-7231-1596v1/022925-0021 Page 85 of 234 Buyer: Hartford Land Management 7509 Madison Avenue, #B 108 Citrus Heights, CA 95610 Attn: Cameron Stewart Email: Cameron@HartfordLandMan.com Either party may change their address for the purpose of this paragraph by giving written notice of such change to the other party in the manner provided in this paragraph. 14. Time. Time is of the essence of this Agreement and each and all of its provisions in which performance is a factor. 15. No Joint Venture or Partnership. Nothing contained in this Agreement is intended or should be construed to create a partnership or joint venture relationship between the Parties. 16. Entire Agreement. This instrument contains the entire agreement of the Parties relating to the rights granted and obligations assumed in this Agreement. Any oral representations or modifications concerning this instrument not contained herein shall be of no force or effect unless contained in a subsequent written modification signed by the party to be charged. 17. Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original,but all of which,together, shall constitute but one and the same instrument. An electronic, digital, or facsimile signature shall be deemed an original signature. 18. Further Assurances. Each party agrees that it will execute and acknowledge such documents reasonably requested by the other to carry out the terms, purposes, and intent of this Agreement. 19. Governing Law. This Agreement shall be construed and interpreted in accordance with the laws of the State of California. 20. Interpretation. Notwithstanding the fact that one or more provisions of this Agreement may have been drafted by one of the Parties to this Agreement, such provisions shall be interpreted as though they were the product of a joint drafting effort and no provision shall be interpreted against a party on the ground that said party was solely or primarily responsible for drafting the language to be interpreted. 21. Exhibits and Recitals. The exhibits attached to this Agreement and the Recitals are made a part of this Agreement by this reference. The Parties hereto have executed this Agreement on the dates written opposite the signatures of the Parties below. [Signature Pages to Follow] 4916-7231-1596v1/022925-0021 Page 86 of 234 District TRUCKEE DONNER PUBLIC UTILITY DISTRICT, a Dated: , 2025 By: Its: Owner Dated: 12025 By: Its: Buyer Dated: , 2025 By: Its: 4916-7231-1596v1/022925-0021 Page 87 of 234 Exhibit A Legal Description of Property Real property in the Town of Truckee,County of Nevada, State of California,described as follows: LOT D AS SHOWN ON THE MAP OF "GRAY'S CROSSING - PHASE 3" FILED IN THE OFFICE OF THE COUNTY RECORDER OF THE COUNTY OF NEVADA, STATE OF CALIFORNIA ON MAY 10, 2007 IN BOOK 8 OF SUBDIVISIONS, PAGE 168 APN: 043-010-005-000 4916-7231-1596v1/022925-0021 Page 88 of 234 TRUCKEE DONNER PUBLIC UTILITY DISTRICT Community Facilities District No. 04-1 (Gray's Crossing) Special Tax Bonds Series 2004 $1573757000 Dated: September 14, 2004 Series 2005 $1971557000 Dated: July 13, 2005 Nevada County, California Base CUSIP+: 897817 NOTICE OF SIGNIFICANT EVENT SEPTEMBER 1, 2024 W I LLDAN +Copyright,American Bankers Association. CUSIP data is provided by CUSIP Global Services(formerly known as CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc.), which is managed on behalf of the American Bankers Association by S&P Global Market Intelligence. This data is not intended to create a database and does not serve in any way as a substitute for the CUSIP service. The issuer takes no responsibility for the accuracy of such number. Page 89 of 234 1►Y W I LMAN LIST OF PARTICIPANTS TRUCKEE . . www.tdpud.org Michael Salmon DISTRICT Chief Financial Officer and Treasurer 11570 Donner Pass Road Truckee, California 96160 (530) 582-3959 ADMINISTRATION DISCLOSURE • DISSEMINATION Willdan Financial Services* UNDERWRITER Temecula, California 92590 (951) 587-3500 www.Willdan.com UBS Financial Services Inc. BOND COUNSEL Stradling Yocca Carlson & Rauth The Bank of New York Mellon Corporate Trust Los Angeles, California In its role as Disclosure Consultant and Dissemination Agent,Willdan Financial Services has not passed upon the accuracy, completeness or fairness of the statements contained herein. Page 90 of 234 W WI LLDAN L INTRODUCTION Pursuant to Official Statements dated August 31, 2004 and June 21, 2005, respectively, the Truckee Donner Public Utility District ("TDPUD") Community Facilities District No. 04-1 (Gray's Crossing) 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 TDPUD, Community Facilities District No. 04-1 ("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 Series 05 Bonds were issued on parity with the Series 04 Bonds. The District is located in Nevada County in the town of Truckee, California. Truckee lies just north of the Lake Tahoe Basin; however, due to its location, proximity and recreational orientation, it is identified as a Lake Tahoe community. Truckee is located on Interstate 80 near the California - Nevada State line. 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, on both the east and the west sides of Highway 89. The District is developing into a mountain resort community that was originally planned at the time of formation to include 408 single-family lots, 89 freestanding cottages, 115 attached townhomes, 21 residential lofts, 40,700 square feet of commercial and community space, as well as on-site amenities. The development in the District is known as "Gray's Crossing." 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 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. The Bonds are limited obligations of the District payable solely from Net Taxes pledged and from certain other amounts held in the Special Tax Fund pursuant to the Indenture. The faith and the credit of neither the District, TDPUD, the State of California nor any political subdivision thereof is pledged to the payment of the principal of, premium, if any, or interest of the bonds. The issuance of the Bonds shall not directly, indirectly or contingently obligate the District, TDPUD, the State of California or any political subdivision thereof to levy or pledge any form of taxation whatsoever other than the Special Taxes, or to make any appropriation for their payment other than from Net Taxes and from certain other amounts held in the Special Tax Fund. Securities and Exchange Commission ("SEC") Rule 15c-2-12 (the "Rule") requires that for tax-exempt financings after July 3, 1995, borrowing agencies are required to make certain annual and periodic reports, and disclose certain listed events if material. This Notice of Significant Event is being provided for the benefit of the holders of the Bonds. CFD 04-1 Gray's Crossing 1 Page 91 of 234 1VW1 LLDAN /Z NOTICE OF SIGNIFICANT EVENT- UNSCHEDULED DRAW ON DEBT SERVICE RESERVES On September 1, 2024, a draw on the Reserve Fund for $243,925.93 was performed in order to pay the September 1, 2024 Debt Service Payment on the Bonds. The District had insufficient funds to make the full debt service payment of $1,967,007.50 on Series 2004 and Series 2005 Bonds. The remaining amount in the Reserve Fund as of September 2, 2024 will be approximately $1,872,822.83. The unscheduled draw is due to a consistently high delinquency rate in the District. The overall delinquency rate is approximately 15.46%. TDPUD is working with a Foreclosure Attorney to cure the delinquencies. Presently, nine (9) parcels are in a position to be forwarded to the Foreclosure Attorney once the Resolution has been passed by the board at a meeting scheduled on September 4, 2024. This Notice of Significant Event may contain information material to Bond owners and does not purport to contain all material information with respect to the Bonds or the financial condition of TDPUD or the District. The information set forth herein has been furnished by TDPUD and by sources, which are believed to be accurate and reliable but is not guaranteed as to accuracy or completeness. Statements contained in this Notice of Significant Event which involve estimates, forecasts, or other matters of opinion, whether or not expressly so described herein, are intended solely as such and are not to be construed as representations of fact. Further, the information and expressions of opinion contained herein are subject to change without notice and the delivery of this Notice of Significant Event Statement will not, under any circumstances, create any implication that there has been no change in the affairs of TDPUD or any other parties described herein. CFD 04-1 Gray's Crossing 2 Page 92 of 234 Cal Gov Code q 53340 Deering's California Codes are current through the 2024 Regular Session Ch 210 Deering's California Codes Annotated > GOVERNMENT CODE(§§ 1— 500000-500049) > Title 5 Local Agencies (Dies. 1 — 5) > Division 2 Cities, Counties, and Other Agencies (Pts. 1 — 3) > Part 1 Powers and Duties Common to Cities, Counties, and Other Agencies (Chs. 1— 14) > Chapter 2.5 The Mello-Roos Community Facilities Act of 1982 (Arts. 1— 6) > Article 4 Procedures for Levying (§§ 53340— 53344.4) § 53340. Levy of special tax (a) After a community facilities district has been created and authorized to levy specified special taxes pursuant to Article 2 (commencing with Section 53318), Article 3 (commencing with Section 53330), or Article 3.5 (commencing with Section 53339), the legislative body may, by ordinance, levy the special taxes at the rate and apportion them in the manner specified in the resolution adopted pursuant to Article 2 (commencing with Section 53318),Article 3 (commencing with Section 53330), or Article 3.5 (commencing with Section 53339). After creation of a community facilities district that includes territory proposed for annexation in the future by unanimous approval as described in subdivision (b)of Section 53339.3, the legislative body may, by ordinance, provide for the levy of special taxes on parcels that will be annexed to the community facilities district at the rate or rates to be approved unanimously by the owner or owners of each parcel or parcels to be annexed to the community facilities district and for apportionment and collection of the special taxes in the manner specified in the resolution of formation. (b) The legislative body may provide, by resolution, for the levy of the special tax in the current tax year or future tax years at the same rate or at a lower rate than the rate provided by the ordinance, if the resolution is adopted and a certified list of all parcels subject to the special tax levy including the amount of the tax to be levied on each parcel for the applicable tax year, is filed by the clerk or other official designated by the legislative body with the county auditor on or before the 10th day of August of that tax year. The clerk or other official designated by the legislative body may file the certified list after the 10th of August but not later than the 21st of August if the clerk or other official obtains prior written consent of the county auditor. (c) Properties or entities of the state, federal, or local governments shall, except for properties that a local agency is a landowner of within the meaning of subdivision (f)of Section 53317, or except as otherwise provided in Section 53317.3, be exempt from the special tax. In a community facilities district, or in an improvement area therein, in which the levy of a special tax is authorized by an ordinance adopted on or after January 1, 2020, a property receiving a welfare exemption under subdivision (g)of Section 214 of the Revenue and Taxation Code shall be exempt from the special tax unless debt is outstanding and the property was subject to the special tax prior to receiving the exemption, in which case the property shall remain subject to the special tax and the special tax shall be enforceable against the property. However, whether or not the resolution of formation that authorized creation of the district specified conditions under which the obligation to pay a special tax may be prepaid and permanently satisfied, the legislative body of the local agency that created the district may, by resolution, specify additional or different conditions under which the property receiving the welfare exemption may prepay and satisfy the obligation to pay the special tax. The conditions may be specified only if the legislative body of the local agency that created the district finds and determines that the prepayment arrangement will not, in and of itself, adversely affect the ability of the district to make scheduled payments on debt as such payments become due. No other properties or entities are exempt from the special tax unless the properties or entities are expressly exempted in the resolution of formation to establish a district adopted pursuant to Section 53325.1 or in a resolution of consideration to levy a new special tax or special taxes or to alter the rate or method of apportionment of an existing special tax as provided in Section 53334. Page 93 of 234 Cal Gov Code § 53340 (d) The proceeds of any special tax may only be used to pay, in whole or part, the cost of providing public facilities, services, and incidental expenses pursuant to this chapter. (e) The special tax shall be collected in the same manner as ordinary ad valorem property taxes are collected and shall be subject to the same penalties and the same procedure, sale, and lien priority in case of delinquency as is provided for ad valorem taxes, unless another procedure has been authorized in the resolution of formation establishing the district and adopted by the legislative body. (f) (1) Notwithstanding subdivision (e), the legislative body of the district may waive all or any specified portion of the delinquency penalties and redemption penalties if it makes all of the following determinations: (A) The waivers shall apply only to parcels delinquent at the time of the determination. (B) The waivers shall be available only with respect to parcels for which all past due and currently due special taxes and all other costs due are paid in full within a limited period of time specified in the determination. (C) The waivers shall be available only with respect to parcels sold or otherwise transferred to new owners unrelated to the owner responsible for the delinquency. (D) The waivers are in the best interest of the debtholders. (2) The charges with penalties to be waived shall be removed from the tax roll pursuant to Section 53356.2 and local administrative procedures, and any distributions made to the district prior to collection pursuant to Chapter 3 (commencing with Section 4701) of Part 8 of Division 1 of the Revenue and Taxation Code shall be repaid by the district prior to granting the waiver. (g) The tax collector may collect the special tax at intervals as specified in the resolution of formation, including intervals different from the intervals determining when the ordinary ad valorem property taxes are collected. The tax collector may deduct the reasonable administrative costs incurred in collecting the special tax. (h) All special taxes levied by a community facilities district shall be secured by the lien imposed pursuant to Section 3115.5 of the Streets and Highways Code. This lien shall be a continuing lien and shall secure each levy of special taxes. The lien of the special tax shall continue in force and effect until the special tax obligation is prepaid, permanently satisfied, and canceled in accordance with Section 53344 or until the special tax ceases to be levied by the legislative body in the manner provided in Section 53330.5. If any portion of a parcel is encumbered by a lien pursuant to this chapter, the entirety of the parcel shall be encumbered by that lien. History Added Stats 1982 ch 1451 § 1. Amended Stats 1984 ch 269 §26, effective July 3, 1984; Stats 1986 ch 1102 § 33, effective September 24, 1986; Stats 1987 ch 1440 5 8.5; Stats 1988 ch 1365 S 13; Stats 1989 ch 128 S 1, effective July 11, 1989; Stats 1991 ch 1110,�20(SB 682); Stats 1997 ch 946�2 (AB 1224); Stats 2007 ch 6706 91 (AB 373), effective January 1, 2008; Stats 2013 ch 219§ 6 (SB 692), effective January 1, 2014; Stats 2019 ch 665§ 1 AB( 1743), effective January 1, 2020; Stats 2020 ch 371 § 17(SB 1473), effective January 1, 2021. Deering's California Codes Annotated Copyright©2024 All rights reserved. End of Document Page 94 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Fiscal Year 2024/25 Annual District Administration Report 27368 Via Industria Suite 200 Temecula,CA 92590 T 951.587.3500 1 800.755.6864 F 951.587.3510 1 888.326.6864 Property Tax Information Line T.866.807.6864 NVWILLDAN www.wilidan.com Page 95of WVILLDAN ANNUAL DISTRICT ADMINISTRATION REPORT FISCAL YEAR 2024/25 TRUCKEE DONNER PUD COMMUNITY - No. - • CROSSING) 0 c� L a Q3 �°gym i trx►�'��' repared for repared . TRUCKEE DONNER PUD WILLDAN FINANCIAL SERVICES 11570 Donner Pass Road 27368 Via Industria, Suite 200 Truckee, CA 96161 Temecula, CA 92590 T. (951) 587-3500 (800) 755-6864 F. (951) 587-3510 (888) 326-6864 Property Tax Information Line T. 866.807.6864 Page 96 . 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 L LEVY SUMMARY OVERVIEW A. FISCAL YEAR 2024/25 LEVY AMOUNTS B. FISCAL YEAR 2024/25 HANDBILL AMOUNTS IL FINANCIAL OBLIGATIONS A. FISCAL YEAR 2024/25 LEVY COMPONENTS B. PREPAYMENTS C. HISTORICAL BOND CALL SUMMARY Ill. DELINQUENCY AND FORECLOSURE STATUS A. DELINQUENCY SUMMARY B. FORECLOSURE COVENANT C. DELINQUENCY MANAGEMENT ACTIONS IV. SPECIAL TAX LEVY AND METHOD OF APPORTIONMENT OF SPECIAL TAX 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 2024/25 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 Page 97 of 234 lIV W I LLDAN 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 Truckee Donner PUD Page 11 Community Facilities District No. 04-1 (Gray's Crossing) November 2024 Page 98 of 234 lIV W I LLDAN 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 2024/25 LEVY AMOUNTS The following table summarizes the amounts levied (including handbilled/direct billed charges) for Fiscal Year 2024/25 for the District. Parcel Count Charge Amount 425 $3,433,203.06 B. FISCAL YEAR 2024/25 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 2024/25 for the District. Parcel Count Charge Amount 0 $0.00 Truckee Donner PUD Page 12 Community Facilities District No. 04-1 (Gray's Crossing) November 2024 Page 99 of 234 lIV W I LLDAN IL FINANCIAL OBLIGATIONS A. FISCAL YEAR 2024/25 LEVY COMPONENTS The following table summarizes the financial obligations of the District. Uses of Funds Amount 2004 Principal $620,000.00 2004 Interest 630,325.00 2005 Principal 770,000.00 2005 Interest 692,095.00 Administrative Costs 104,530.24 Adjustments Applied to the Levy— Addition/(Credit) 616,256.92 Total •e Amount Levied $3,433,207.16 (1)Slight variance to actual"Charge Amount'in Section(1)(A)above due to rounding. FOR DETAILED INFORMATION REGARDING BOND(S) ISSUED FOR THIS DISTRICT, PLEASE REFER TO EXHIBIT D (DEBT SERVICE SCHEDULE) OF THIS REPORT. B. PREPAYMENTS During Fiscal Year 2023/24, there was zero (0) parcels that prepaid their special tax obligation. APN Prepayment Total N/A $0.00 Prepayment Total 00 (1) Total prepayment amount including but not limited to, reserve credit, redemption amount and premium, investment earnings and administrative fees. Truckee Donner PUD Page 13 Community Facilities District No. 04-1 (Gray's Crossing) November 2024 Page 100 of 234 W I LLDAN C. HISTORICAL BOND CALL SUMMARY The following table summarizes historical bond calls performed to date. Date of Call Bondissue Amount Source of Funds 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 September 1, 2023 Series 2004 20,000.00 Prepayments September 1, 2023 Series 2005 25,000.00 Pre a ments Total Bond Call to Date $320,000.00 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 June 30, 2024. Summary for Cumulative Summary for Most Recent Fiscal Year All Years with Delinquencies $613,720.24 F 20.24% $5,969,317.32 15.48% 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 Truckee Donner PUD Page 14 Community Facilities District No. 04-1 (Gray's Crossing) November 2024 Page 101 of 234 W I LLDAN 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 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, 2023. Date Performed Number of Parcels SB1471 August 30, 2023 9 Strip Confirmation September 5, 2023 9 Request Removal from County Tax Roll September 5, 2023 9 Reminder Letter March 21 , 2024 8 Reminder Letter June 10, 2024 29 Demand Letter June 10, 2024 4 SB1471 September 16, 2024 9 Request Removal from County Tax Roll October 1, 2024 9 Strip Confirmation October 1, 2024 9 Foreclosure Request October 1, 2024 9 IV. SPECIAL TAX LEVYAND METHOD OF APPORTIONMENT OF SPECIAL TAX The methodology employed to calculate and apportion the special tax is in accordance with the document entitled Rate and Method of Apportionment of Special Tax ("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 OF SPECIAL TAX Pursuant to Section E of the RMA, commencing with Fiscal Year 2004/05 and for each following fiscal year, the Council shall determine the Special Tax Truckee Donner PUD Page 15 Community Facilities District No. 04-1 (Gray's Crossing) November 2024 Page 102 of 234 W I LLDAN 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 (II) FINANCIAL OBLIGATIONS ABOVE). 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 Truckee Donner PUD Page 16 Community Facilities District No. 04-1 (Gray's Crossing) November 2024 Page 103 of 234 W I LLDAN 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. i Land Use Classification of Applied Special Dollars Parcels Tax Rate per Levied Tax Zone 1 Milk Less than 8,000 SF 0 $0.00 $0.00 8,000-12,000 SF 0 $0.00 0.00 12,001-14,000 SF 5 $4,160.64 20,803.20 14,001-16,000 SF 40 $4,309.24 172,369.60 16,001-18,000 SF 29 $4,457.84 129,277.36 18,001-20,000 SF 14 $4,606.42 64,489.88 20,001-22,000 SF 3 $4,755.02 14,265.06 Greater than 22,000 3 $4,903.62 14,710.86 Special - 1 (1) 1 $8,767.08 8,767.08 Special - 2 (2) 1 $9,361.46 9,361 .46 Zone 1 Total 96 $434,044.50 Tax Zone 2 Single Family Attached 41 $2,674.70 $117,686.82 Less than 8,000 SF 0 $0.00 0.00 8,000-12,000 SF 1 $5,015.06 5,015.06 12,001-14,000 SF 5 $5,200.80 26,004.00 14,001-16,000 SF 88 $5,386.54 474,015.52 16,001-18,000 SF 73 $5,572.30 406,777.90 18,001-20,000 SF 38 $5,758.04 218,805.52 20,001-22,000 SF 26 $5,943.78 154,538.28 Greater than 22,000 40 $6,129.52 245,180.80 Golf Course Property1 3 $2,172.76 148,594.72 Golf Course Property2 3 $721.02 148,594.72 Zone 2 Total 318 $1,945,213.34 Undeveloped Undevelo ed $26,004.08 $1,053,945.22 Total - i 0. (1)The Special-1 Land Use Classification consists of 2 combined lots.One lot is in the 14,001-16,000 SF category and one lot is in the 16,001-18,000 SF category. (2)The Special—2 Land Use Classification consists of 2 combined lots.One lot is in the 18,001-20,000 SF category and one lot is in the 20,001-22,000 SF category. Truckee Donner PUD Page 17 Community Facilities District No. 04-1 (Gray's Crossing) November 2024 Page 104 of 234 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. 2024/25 2024/25 AssignedMaximum Land Use Classification . . Special Maximum Special Tax Rate Tax Zone 1 Less than 8,000 SF $2,674.71 $0.00 0.00% 8,000-12,000 SF $4,012.06 $0.00 0.00% 12,001-14,000 SF $4,160.65 $4,160.64 100.00% 14,001-16,000 SF $4,309.25 $4,309.24 100.00% 16,001-18,000 SF $4,457.84 $4,457.84 100.00% 18,001-20,000 SF $4,606.44 $4,606.42 100.00% 20,001-22,000 SF $4,755.03 $4,755.02 100.00% Greater than 22,000 $4,903.63 $4,903.62 100.00% Special - 1 (2) $8,767.09 $8,767.08 100.00% Special - 2 (3) $9,361.47 $9,361.46 100.00% Tax Zone 2 Single Family Attached $2,674.71 $2,674.70 100.00% Less than 8,000 SF $2,674.71 $0.00 0.00% 8,000-12,000 SF $5,015.07 $5,015.06 100.00% 12,001-14,000 SF $5,200.82 $5,200.80 100.00% 14,001-16,000 SF $5,386.56 $5,386.54 100.00% 16,001-18,000 SF $5,572.30 $5,572.30 100.00% 18,001-20,000 SF $5,758.05 $5,758.04 100.00% 20,001-22,000 SF $5,943.79 $5,943.78 100.00% Greater than 22,000 $6,129.53 $6,129.52 100.00% Golf Course Property1 $2,172.76 $2,172.76 100.00% Golf Course Property2 $721.02 $721.02 100.00% Undeveloped Undeveloped $26,004.08 $26,004.08 100.00% (1) 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. (2)The Special- 1 Land Use Classification consists of 2 combined lots. One lot is in the 14,001-16,000 SF category and one lot is in the 16,001-18,000 SF category. (3)The Special—2 Land Use Classification consists of 2 combined lots.One lot is in the 18,001-20,000 SF category and one lot is in the 20,001-22,000 SF category. Truckee Donner PUD Page 18 Community Facilities District No. 04-1 (Gray's Crossing) November 2024 Page 105 of 234 W I LLDAN D. APPLIED SPECIAL TAX PROGRESSION The following table summarizes the percent change of Fiscal Year 2024/25 Applied Special Tax Rate as compared to Fiscal Year 2023/24 Applied Special Tax Rate. AppliedLand Use Applied Change from SpecialClassification Special Tax Rate Tax Rate Tax Zone Less than 8,000 SF $0.00 $0.00 N/A 8,000-12,000 SF $0.00 $0.00 N/A 12,001-14,000 SF $4,160.64 $4,079.06 2.00% 14,001-16,000 SF $4,309.24 $4,224.74 2.00% 16,001-18,000 SF $4,457.84 $4,370.42 2.00% 18,001-20,000 SF $4,606.42 $4,516.10 2.00% 20,001-22,000 SF $4,755.02 $4,661.78 2.00% Greater than 22,000 $4,903.62 $4,807.46 2.00% Special - 1 (1) $8,767.08 $8,595.18 2.00% Special - 2 (2) $9,361.46 $9,177.90 2.00% Tax Zone 2 Single Family Attached $2,674.70 $2,622.26 2.00% Less than 8,000 SF $0.00 $0.00 N/A 8,000-12,000 SF $5,015.06 $4,916.74 2.00% 12,001-14,000 SF $5,200.80 $5,098.84 2.00% 14,001-16,000 SF $5,386.54 $5,280.94 2.00% 16,001-18,000 SF $5,572.30 $5,463.04 2.00% 18,001-20,000 SF $5,758.04 $5,645.14 2.00% 20,001-22,000 SF $5,943.78 $5,827.24 2.00% Greater than 22,000 $6,129.52 $6,009.35 2.00% Golf Course Property1 $2,172.76 $2,130.15 2.00% Golf Course Property2 $721.02 $706.88 2.00% 1 Undeveloped Undeveloped MMMJ $26,004.08 3.56 48.14% (1)The Special-1 Land Use Classification consists oft combined lots.One lot is in the 14,001-16,000 SF category and one lot is in the 16,001-18,000 SF category. (2)The Special—2 Land Use Classification consists of 2 combined lots.One lot is in the 18,001-20,000 SF category and one lot is in the 20,001-22,000 SF category. Truckee Donner PUD Page 19 Community Facilities District No. 04-1 (Gray's Crossing) November 2024 Page 106 of 234 W I LLDAN EXHIBIT A TRUCKEE DONNER PUD COMMUNITY FACILITIES DISTRICT NO. 04-1 (GRAYS CROSSING Fiscal Year 2024125 Charge Detail Report Page 107 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address • Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Number Value Assessed Value Value Charge 019-370-041-000 NO SITUS AVAILABLE $161,857.00 $42,650.00 $204,507.00 2 GC2 $44,818.52 $44,818.52 019-770-002-000 11163 CHINA CAMP RD 670,125.00 0.00 670,125.00 2 Undeveloped 383,820.21 383,820.20 019-770-003-000 11054 CHINA CAMP RD 317,120.00 907,800.00 1,224,920.00 1 "16,001-18,000" 4,457.84 4,457.84 019-770-004-000 11072 CHINA CAMP RD 324,300.00 0.00 324,300.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-005-000 11092 CHINA CAMP RD 300,751.00 902,256.00 1,203,007.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-006-000 11106 CHINA CAMP RD 191,017.00 0.00 191,017.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-007-000 11122 CHINA CAMP RD 128,283.00 1,232,647.00 1,360,930.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-008-000 11140 CHINA CAMP RD 106,041.00 1,260,760.00 1,366,801.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-009-000 11160 CHINA CAMP RD 238,771.00 0.00 238,771.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-010-000 11184 CHINA CAMP RD 107,219.00 852,399.00 959,618.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-011-000 11208 CHINA CAMP RD 128,283.00 1,171,293.00 1,299,576.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-012-000 11226 CHINA CAMP RD 238,771.00 1,506,915.00 1,745,686.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-013-000 11242 CHINA CAMP RD 185,711.00 0.00 185,711.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-014-000 11229 CHINA CAMP RD 159,181.00 1,951,348.00 2,110,529.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-015-000 11209 CHINA CAMP RD 87,558.00 859,060.00 946,618.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-016-000 11125 CHINA CAMP RD 30,779.00 0.00 30,779.00 1 "12,001-14,000" 4,160.65 4,160.64 019-770-017-000 11101 CHINA CAMP RD 148,569.00 0.00 148,569.00 1 "12,001-14,000" 4,160.65 4,160.64 019-770-018-000 11083 CHINA CAMP RD 113,400.00 0.00 113,400.00 1 "12,001-14,000" 4,160.65 4,160.64 019-780-001-000 11258 CHINA CAMP RD 72,217.00 879,234.00 951,451.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-002-000 11274 CHINA CAMP RD 34,402.00 0.00 34,402.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-003-000 11290 CHINA CAMP RD 233,465.00 1,459,161.00 1,692,626.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-004-000 11306 CHINA CAMP RD 265,302.00 0.00 265,302.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-005-000 11312 CHINA CAMP RD 283,200.00 1,440,000.00 1,723,200.00 1 "20,001-22,000" 4,755.03 4,755.02 019-780-006-000 11636 COBURN DR 426,362.00 571,200.00 997,562.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-007-000 10701 LABELLE CT 133,860.00 1,087,629.00 1,221,489.00 1 "Greater than 22,000" 4,903.63 4,903.62 019-780-008-000 10751 LABELLE CT 120,474.00 0.00 120,474.00 1 "18,001-20,000" 4,606.44 4,606.42 019-780-009-000 10769 LABELLE CT 159,181.00 0.00 159,181.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-010-000 10789 LABELLE CT 134,817.00 1,507,336.00 1,642,153.00 1 "18,001-20,000" 4,606.44 4,606.42 019-780-011-000 10801 LABELLE CT 111,756.00 0.00 111,756.00 1 "14,001-16,000" 4,309.25 4,309.24 019-780-012-000 10811 LABELLE CT 92,041.00 1,010,000.00 1,102,041.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-014-000 10800 LABELLE CT 164,045.00 1,421,738.00 1,585,783.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-015-000 10788 LABELLE CT 235,000.00 1,207,900.00 1,442,900.00 1 "18,001-20,000" 4,606.44 4,606.42 019-780-016-000 10768 LABELLE CT 134,023.00 1,474,276.00 1,608,299.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-017-000 10750 LABELLE CT 98,648.00 0.00 98,648.00 1 "18,001-20,000" 4,606.44 4,606.42 019-780-018-000 11756 COBURN DR 106,146.00 0.00 106,146.00 1 "18,001-20,000" 4,606.44 4,606.42 019-780-019-000 11631 COBURN DR 106,300.00 0.00 106,300.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-020-000 11352 CHINA CAMP RD 306,000.00 2,535,720.00 2,841,720.00 1 "18,001-20,000" 4,606.44 4,606.42 019-780-021-000 11400 CHINA CAMP RD 139,438.00 1,202,561.00 1,341,999.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-022-000 11417 CHINA CAMP RD 121,507.00 0.00 121,507.00 1 "14,001-16,000" 4,309.25 4,309.24 019-780-023-000 11397 CHINA CAMP RD 164,487.00 1,231,001.00 1,395,488.00 1 "14,001-16,000" 4,309.25 4,309.24 019-780-024-000 11383 CHINA CAMP RD 116,507.00 340,000.00 456,507.00 1 "14,001-16,000" 4,309.25 4,309.24 019-780-025-000 11365 CHINA CAMP RD 245,000.00 1,225,000.00 1,470,000.00 1 "14,001-16,000" 4,309.25 4,309.24 019-780-026-000 11349 CHINA CAMP RD 122,704.00 0.00 122,704.00 1 "14,001-16,000" 4,309.25 4,309.24 019-780-027-000 11333 CHINA CAMP RD 37,677.00 960,879.00 998,556.00 1 "14,001-16,000" 4,309.25 4,309.24 019-780-028-000 11315 CHINA CAMP RD 65,966.00 980,429.00 1,046,395.00 1 "14,001-16,000" 4,309.25 4,309.24 019-780-029-000 11301 CHINA CAMP RD 171,500.00 0.00 171,500.00 1 "16,001-18,000" 4,457.84 4,457.84 Willdan Financial Services Page 1 of 10 Page 108 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address • Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Number 019-790-002-000 11569 CHINA CAMP RD 27,085.00 0.00 27,085.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-003-000 11555 CHINA CAMP RD 34,476.00 0.00 34,476.00 1 "16,001-18,000" 4,457.84 4,457.84 019-790-004-000 11539 CHINA CAMP RD 55,353.00 1,165,248.00 1,220,601.00 1 "16,001-18,000" 4,457.84 4,457.84 019-790-005-000 11523 CHINA CAMP RD 27,158.00 0.00 27,158.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-006-000 11509 CHINA CAMP RD 185,711.00 1,511,159.00 1,696,870.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-007-000 11493 CHINA CAMP RD 164,487.00 0.00 164,487.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-008-000 11471 CHINA CAMP RD 113,400.00 0.00 113,400.00 1 "20,001-22,000" 4,755.03 4,755.02 019-790-009-000 11464 CHINA CAMP RD 35,165.00 0.00 35,165.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-010-000 11478 CHINA CAMP RD 160,829.00 1,141,894.00 1,302,723.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-011-000 11516 CHINA CAMP RD 119,469.00 1,729,498.00 1,848,967.00 1 "18,001-20,000" 4,606.44 4,606.42 019-790-012-000 11574 CHINA CAMP RD 120,600.00 0.00 120,600.00 1 "18,001-20,000" 4,606.44 4,606.42 019-790-013-000 11608 CHINA CAMP RD 107,219.00 1,313,445.00 1,420,664.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-014-000 11628 CHINA CAMP RD 120,299.00 1,338,621.00 1,458,920.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-015-000 11644 CHINA CAMP RD 392,000.00 1,764,000.00 2,156,000.00 1 "16,001-18,000" 4,457.84 4,457.84 019-790-016-000 11759 COBURN DR 408,000.00 0.00 408,000.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-017-000 11729 COBURN DR 106,300.00 0.00 106,300.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-018-000 11711 COBURN DR 216,240.00 2,040,000.00 2,256,240.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-019-000 11671 COBURN DR 106,300.00 0.00 106,300.00 1 "Greater than 22,000" 4,903.63 4,903.62 019-790-020-000 11422 CHINA CAMP RD 35,165.00 0.00 35,165.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-021-000 11436 CHINA CAMP RD 126,283.00 0.00 126,283.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-022-000 10576 BRICKELL CT 109,671.00 0.00 109,671.00 1 "18,001-20,000" 4,606.44 4,606.42 019-790-023-000 10573 BRICKELL CT 260,000.00 0.00 260,000.00 1 "18,001-20,000" 4,606.44 4,606.42 019-790-024-000 10567 BRICKELL CT 244,400.00 0.00 244,400.00 1 "16,001-18,000" 4,457.84 4,457.84 019-790-025-000 10551 BRICKELL CT 27,085.00 0.00 27,085.00 1 "16,001-18,000" 4,457.84 4,457.84 019-790-026-000 10541 BRICKELL CT 150,384.00 615,000.00 765,384.00 1 "12,001-14,000" 4,160.65 4,160.64 019-790-027-000 10529 BRICKELL CT 122,704.00 1,128,276.00 1,250,980.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-001-000 11762 COBURN DR 264,600.00 0.00 264,600.00 1 "18,001-20,000" 4,606.44 4,606.42 019-800-002-000 11728 CHINA CAMP RD 311,000.00 175,000.00 486,000.00 1 "14,001-16,000" 4,309.25 4,309.24 019-800-003-000 11746 CHINA CAMP RD 37,677.00 904,355.00 942,032.00 1 "14,001-16,000" 4,309.25 4,309.24 019-800-004-000 11768 CHINA CAMP RD 147,916.00 1,490,554.00 1,638,470.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-005-000 11776 CHINA CAMP RD 87,041.00 0.00 87,041.00 1 "12,001-14,000" 4,160.65 4,160.64 019-800-008-000 11759 CHINA CAMP RD 472,858.00 1,030,205.00 1,503,063.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-009-000 11737 CHINA CAMP RD 113,526.00 824,795.00 938,321.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-010-000 11719 CHINA CAMP RD 105,972.00 0.00 105,972.00 1 "14,001-16,000" 4,309.25 4,309.24 019-800-011-000 11699 CHINA CAMP RD 230,343.00 1,504,500.00 1,734,843.00 1 "14,001-16,000" 4,309.25 4,309.24 019-800-012-000 11820 COBURN DR 59,323.00 600,000.00 659,323.00 1 "20,001-22,000" 4,755.03 4,755.02 019-800-015-000 11874 COBURN DR 291,832.00 1,453,854.00 1,745,686.00 1 "18,001-20,000" 4,606.44 4,606.42 019-800-016-000 11900 COBURN DR 87,917.00 971,857.00 1,059,774.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-017-000 11910 COBURN DR 240,000.00 2,832,000.00 3,072,000.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-020-000 11893 COBURN DR 142,510.00 2,033,982.00 2,176,492.00 1 "18,001-20,000" 4,606.44 4,606.42 019-800-021-000 11881 COBURN DR 376,380.00 0.00 376,380.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-022-000 11863 COBURN DR 357,000.00 1,683,000.00 2,040,000.00 1 "14,001-16,000" 4,309.25 4,309.24 019-800-023-000 11851 COBURN DR 76,489.00 1,522,526.00 1,599,015.00 1 "14,001-16,000" 4,309.25 4,309.24 019-800-024-000 11835 COBURN DR 91,011.00 340,000.00 431,011.00 1 "14,001-16,000" 4,309.25 4,309.24 019-800-025-000 11657 CHINA CAMP RD 169,793.00 0.00 169,793.00 1 "18,001-20,000" 4,606.44 4,606.42 019-800-026-000 11631 CHINA CAMP RD 89,239.00 0.00 89,239.00 1 "16,001-18,000" 4,457.84 4,457.84 Willdan Financial Services Page 2 of 10 Page 109 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address • Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Number 019-800-027-000 11607 CHINA CAMP RD 55,615.00 290,000.00 345,615.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-028-000 11585 CHINA CAMP RD 288,000.00 2,256,000.00 2,544,000.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-029-000 11660 CHINA CAMP RD 122,949.00 1,596,721.00 1,719,670.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-030-000 11777 CHINA CAMP RD 313,912.00 1,379,570.00 1,693,482.00 1 "Greater than 22,000" 4,903.63 4,903.62 019-800-031-000 11830 COBURN DR 418,911.00 3,264,000.00 3,682,911.00 1 Special1 8,767.09 8,767.08 019-800-032-000 11919 COBURN DR 292,361.00 1,727,936.00 2,020,297.00 1 Specia12 9,361.47 9,361.46 019-840-001-000 11710 BOTTCHER LP 72,103.00 0.00 72,103.00 2 "16,001-18,000" 5,572.30 5,572.30 019-840-002-000 11690 BOTTCHER LP 239,100.00 0.00 239,100.00 2 "16,001-18,000" 5,572.30 5,572.30 019-840-003-000 11670 BOTTCHER LP 230,400.00 0.00 230,400.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-004-000 11685 KELLEY DR 441,000.00 2,107,000.00 2,548,000.00 2 "16,001-18,000" 5,572.30 5,572.30 019-840-005-000 11695 KELLEY DR 150,000.00 2,050,000.00 2,200,000.00 2 "12,001-14,000" 5,200.82 5,200.80 019-840-006-000 11705 KELLEY DR 60,736.00 0.00 60,736.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-007-000 11715 KELLEY DR 109,363.00 1,421,738.00 1,531,101.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-008-000 11735 KELLEY DR 203,751.00 0.00 203,751.00 2 "16,001-18,000" 5,572.30 5,572.30 019-840-009-000 11784 KELLEY DR 113,781.00 1,189,030.00 1,302,811.00 2 "16,001-18,000" 5,572.30 5,572.30 019-840-010-000 11764 KELLEY DR 159,181.00 1,878,338.00 2,037,519.00 2 "16,001-18,000" 5,572.30 5,572.30 019-840-011-000 11744 KELLEY DR 265,302.00 2,016,295.00 2,281,597.00 2 "16,001-18,000" 5,572.30 5,572.30 019-840-012-000 11724 KELLEY DR 98,648.00 0.00 98,648.00 2 "18,001-20,000" 5,758.05 5,758.04 019-840-013-000 11704 KELLEY DR 150,874.00 1,526,167.00 1,677,041.00 2 "18,001-20,000" 5,758.05 5,758.04 019-840-014-000 11684 KELLEY DR 265,302.00 1,591,812.00 1,857,114.00 2 "18,001-20,000" 5,758.05 5,758.04 019-840-015-000 11664 KELLEY DR 233,465.00 1,294,673.00 1,528,138.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-016-000 11650 BOTTCHER LP 175,099.00 0.00 175,099.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-017-000 11630 BOTTCHER LP 433,500.00 0.00 433,500.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-018-000 11610 BOTTCHER LP 269,500.00 1,372,000.00 1,641,500.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-019-000 11590 BOTTCHER LP 297,600.00 1,536,000.00 1,833,600.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-020-000 11570 BOTTCHER LP 129,607.00 0.00 129,607.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-021-000 11550 BOTTCHER LP 265,302.00 1,724,463.00 1,989,765.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-022-000 11530 BOTTCHER LP 265,302.00 1,197,042.00 1,462,344.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-023-000 11521 BOTTCHER LP 185,711.00 1,591,812.00 1,777,523.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-024-000 11541 BOTTCHER LP 75,923.00 1,421,044.00 1,496,967.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-025-000 11561 BOTTCHER LP 336,000.00 0.00 336,000.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-026-000 11581 BOTTCHER LP 150,107.00 0.00 150,107.00 2 "16,001-18,000" 5,572.30 5,572.30 019-840-027-000 11621 BOTTCHER LP 159,295.00 1,519,000.00 1,678,295.00 2 "16,001-18,000" 5,572.30 5,572.30 019-840-028-000 11641 BOTTCHER LP 303,600.00 0.00 303,600.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-029-000 11651 BOTTCHER LP 312,800.00 0.00 312,800.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-030-000 11675 KELLEY DR 50,236.00 1,130,446.00 1,180,682.00 2 "18,001-20,000" 5,758.05 5,758.04 019-850-002-000 11411 GHIRARD RD 372,600.00 0.00 372,600.00 2 "16,001-18,000" 5,572.30 5,572.30 019-850-003-000 11431 GHIRARD RD 368,000.00 2,116,000.00 2,484,000.00 2 "16,001-18,000" 5,572.30 5,572.30 019-850-004-000 11451 GHIRARD RD 294,000.00 2,028,600.00 2,322,600.00 2 "16,001-18,000" 5,572.30 5,572.30 019-850-005-000 11471 GHIRARD RD 294,854.00 1,522,526.00 1,817,380.00 2 "16,001-18,000" 5,572.30 5,572.30 019-850-006-000 11491 GHIRARD RD 477,543.00 1,634,260.00 2,111,803.00 2 "16,001-18,000" 5,572.30 5,572.30 019-850-007-000 11511 GHIRARD RD 176,362.00 1,386,922.00 1,563,284.00 2 "16,001-18,000" 5,572.30 5,572.30 019-850-008-000 11510 BOTTCHER LP 55,410.00 864,108.00 919,518.00 2 "16,001-18,000" 5,572.30 5,572.30 019-850-009-000 11490 BOTTCHER LP 318,500.00 2,058,000.00 2,376,500.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-010-000 11470 BOTTCHER LP 185,059.00 1,211,586.00 1,396,645.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-011-000 11450 BOTTCHER LP 167,325.00 1,461,327.00 1,628,652.00 2 "14,001-16,000" 5,386.56 5,386.54 Willdan Financial Services Page 3 of 10 Page 110 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address • Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Number 019-850-012-000 11430 BOTTCHER LP 329,000.00 0.00 329,000.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-013-000 11410 BOTTCHER LP 161,796.00 1,375,433.00 1,537,229.00 2 "16,001-18,000" 5,572.30 5,572.30 019-850-014-000 11481 BOTTCHER LP 282,000.00 2,538,000.00 2,820,000.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-015-000 11501 BOTTCHER LP 299,000.00 0.00 299,000.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-016-000 11624 KELLEY DR 167,670.00 0.00 167,670.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-017-000 11604 KELLEY DR 164,487.00 0.00 164,487.00 2 "20,001-22,000" 5,943.79 5,943.78 019-850-018-000 11584 KELLEY DR 473,180.00 249,900.00 723,080.00 2 "16,001-18,000" 5,572.30 5,572.30 019-850-019-000 11564 KELLEY DR 148,800.00 0.00 148,800.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-020-000 11544 KELLEY DR 148,569.00 1,167,328.00 1,315,897.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-021-000 11524 KELLEY DR 79,590.00 1,766,911.00 1,846,501.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-022-000 11520 GHIRARD RD 322,000.00 2,140,800.00 2,462,800.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-023-000 11500 GHIRARD RD 297,600.00 0.00 297,600.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-024-000 11480 GHIRARD RD 178,481.00 1,188,026.00 1,366,507.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-025-000 11460 GHIRARD RD 170,002.00 1,383,242.00 1,553,244.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-026-000 11440 GHIRARD RD 425,000.00 2,540,000.00 2,965,000.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-027-000 11420 GHIRARD RD 134,023.00 0.00 134,023.00 2 "16,001-18,000" 5,572.30 5,572.30 019-860-002-000 11191 GHIRARD RD 350,000.00 2,590,000.00 2,940,000.00 2 "18,001-20,000" 5,758.05 5,758.04 019-860-003-000 11261 GHIRARD RD 289,100.00 2,850,000.00 3,139,100.00 2 "20,001-22,000" 5,943.79 5,943.78 019-860-004-000 11251 GHIRARD RD 424,483.00 2,068,293.00 2,492,776.00 2 "18,001-20,000" 5,758.05 5,758.04 019-860-005-000 11291 GHIRARD RD 504,073.00 1,778,584.00 2,282,657.00 2 "18,001-20,000" 5,758.05 5,758.04 019-860-006-000 11311 GHIRARD RD 384,000.00 2,971,200.00 3,355,200.00 2 "18,001-20,000" 5,758.05 5,758.04 019-860-007-000 11331 GHIRARD RD 311,687.00 1,454,548.00 1,766,235.00 2 "16,001-18,000" 5,572.30 5,572.30 019-860-008-000 11371 GHIRARD RD 550,000.00 2,725,000.00 3,275,000.00 2 "18,001-20,000" 5,758.05 5,758.04 019-860-009-000 11391 GHIRARD RD 490,000.00 2,450,000.00 2,940,000.00 2 "18,001-20,000" 5,758.05 5,758.04 019-860-010-000 11400 GHIRARD RD 211,935.00 465,000.00 676,935.00 2 "14,001-16,000" 5,386.56 5,386.54 019-860-011-000 11380 GHIRARD RD 117,588.00 1,220,374.00 1,337,962.00 2 "14,001-16,000" 5,386.56 5,386.54 019-860-012-000 11360 GHIRARD RD 388,800.00 0.00 388,800.00 2 "14,001-16,000" 5,386.56 5,386.54 019-860-013-000 11340 GHIRARD RD 392,000.00 2,940,000.00 3,332,000.00 2 "14,001-16,000" 5,386.56 5,386.54 019-860-014-000 11320 GHIRARD RD 185,711.00 1,788,135.00 1,973,846.00 2 "14,001-16,000" 5,386.56 5,386.54 019-860-015-000 11300 GHIRARD RD 139,384.00 1,635,106.00 1,774,490.00 2 "14,001-16,000" 5,386.56 5,386.54 019-860-016-000 11280 GHIRARD RD 83,924.00 836,576.00 920,500.00 2 "14,001-16,000" 5,386.56 5,386.54 019-860-017-000 11260 GHIRARD RD 276,000.00 1,840,000.00 2,116,000.00 2 "16,001-18,000" 5,572.30 5,572.30 019-860-018-000 11240 GHIRARD RD 144,097.00 1,211,586.00 1,355,683.00 2 "16,001-18,000" 5,572.30 5,572.30 019-860-019-000 11220 GHIRARD RD 128,283.00 0.00 128,283.00 2 "16,001-18,000" 5,572.30 5,572.30 019-860-020-000 11200 GHIRARD RD 163,100.00 0.00 163,100.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-002-000 11531 GHIRARD RD 384,000.00 2,452,800.00 2,836,800.00 2 "18,001-20,000" 5,758.05 5,758.04 019-870-003-000 11551 GHIRARD RD 267,722.00 1,600,768.00 1,868,490.00 2 "18,001-20,000" 5,758.05 5,758.04 019-870-004-000 11571 GHIRARD RD 216,184.00 1,331,259.00 1,547,443.00 2 "20,001-22,000" 5,943.79 5,943.78 019-870-005-000 11611 GHIRARD RD 500,000.00 3,180,000.00 3,680,000.00 2 "Greater than 22,000" 6,129.53 6,129.52 019-870-006-000 11631 GHIRARD RD 350,000.00 1,850,000.00 2,200,000.00 2 "Greater than 22,000" 6,129.53 6,129.52 019-870-007-000 11651 GHIRARD RD 197,297.00 1,276,642.00 1,473,939.00 2 "20,001-22,000" 5,943.79 5,943.78 019-870-008-000 11890 BOTTCHER LP 34,476.00 0.00 34,476.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-009-000 11870 BOTTCHER LP 106,120.00 0.00 106,120.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-010-000 11850 BOTTCHER LP 263,200.00 0.00 263,200.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-011-000 11830 BOTTCHER LP 459,000.00 1,611,600.00 2,070,600.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-012-000 11810 BOTTCHER LP 57,019.00 0.00 57,019.00 2 "14,001-16,000" 5,386.56 5,386.54 Willdan Financial Services Page 4 of 10 Page 111 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address • Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Number Value Assessed Value Value Charge 019-870-013-000 11790 BOTTCHER LP 227,097.00 0.00 227,097.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-014-000 11770 BOTTCHER LP 159,181.00 1,061,208.00 1,220,389.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-015-000 11750 BOTTCHER LP 41,444.00 0.00 41,444.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-016-000 11730 BOTTCHER LP 63,268.00 949,130.00 1,012,398.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-017-000 11721 BOTTCHER LP 75,923.00 1,029,756.00 1,105,679.00 2 "20,001-22,000" 5,943.79 5,943.78 019-870-018-000 11741 BOTTCHER LP 38,783.00 0.00 38,783.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-019-000 11761 BOTTCHER LP 306,514.00 306,000.00 612,514.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-020-000 11781 BOTTCHER LP 148,752.00 1,183,246.00 1,331,998.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-021-000 11801 BOTTCHER LP 258,500.00 0.00 258,500.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-022-000 11821 BOTTCHER LP 145,274.00 1,685,227.00 1,830,501.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-023-000 11841 BOTTCHER LP 286,700.00 0.00 286,700.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-024-000 11861 BOTTCHER LP 459,000.00 2,371,500.00 2,830,500.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-025-000 11891 BOTTCHER LP 142,172.00 1,334,245.00 1,476,417.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-026-000 11680 GHIRARD RD 329,000.00 1,598,000.00 1,927,000.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-027-000 11660 GHIRARD RD 180,242.00 1,076,474.00 1,256,716.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-028-000 11640 GHIRARD RD 207,049.00 2,216,052.00 2,423,101.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-029-000 11620 GHIRARD RD 286,220.00 1,075,000.00 1,361,220.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-030-000 11600 GHIRARD RD 175,765.00 2,255,067.00 2,430,832.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-031-000 11580 GHIRARD RD 156,528.00 156,528.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-032-000 11560 GHIRARD RD 268,048.00 1,549,331.00 1,817,379.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-033-000 11540 GHIRARD RD 180,449.00 1,569,380.00 1,749,829.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-034-000 11555 KELLEY DR 200,567.00 0.00 200,567.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-035-000 11575 KELLEY DR 107,219.00 0.00 107,219.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-036-000 11595 KELLEY DR 200,000.00 2,100,000.00 2,300,000.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-037-000 11615 KELLEY DR 78,114.00 1,051,593.00 1,129,707.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-038-000 11635 KELLEY DR 416,160.00 0.00 416,160.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-039-000 11655 KELLEY DR 220,933.00 0.00 220,933.00 2 "14,001-16,000" 5,386.56 5,386.54 019-880-001-000 11082 MEEK CT 459,000.00 1,963,500.00 2,422,500.00 2 "20,001-22,000" 5,943.79 5,943.78 019-880-002-000 11102 MEEK CT 134,738.00 742,315.00 877,053.00 2 "Greater than 22,000" 6,129.53 6,129.52 019-880-003-000 11122 MEEK CT 164,419.00 1,201,205.00 1,365,624.00 2 "18,001-20,000" 5,758.05 5,758.04 019-880-004-000 11142 MEEK CT 114,167.00 816,636.00 930,803.00 2 "20,001-22,000" 5,943.79 5,943.78 019-880-005-000 11139 MEEK CT 78,677.00 1,511,525.00 1,590,202.00 2 "Greater than 22,000" 6,129.53 6,129.52 019-880-006-000 11133 MEEK CT 262,200.00 0.00 262,200.00 2 "18,001-20,000" 5,758.05 5,758.04 019-880-007-000 11113 MEEK CT 180,449.00 1,842,041.00 2,022,490.00 2 "16,001-18,000" 5,572.30 5,572.30 019-880-008-000 10989 GHIRARD RD 73,880.00 1,591,738.00 1,665,618.00 2 "16,001-18,000" 5,572.30 5,572.30 019-880-009-000 11011 GHIRARD RD 294,854.00 1,415,305.00 1,710,159.00 2 "16,001-18,000" 5,572.30 5,572.30 019-880-010-000 11031 GHIRARD RD 267,722.00 1,453,840.00 1,721,562.00 2 "16,001-18,000" 5,572.30 5,572.30 019-880-011-000 11051 GHIRARD RD 262,200.00 0.00 262,200.00 2 "14,001-16,000" 5,386.56 5,386.54 019-880-012-000 11000 GHIRARD RD 159,641.00 1,060,835.00 1,220,476.00 2 "14,001-16,000" 5,386.56 5,386.54 019-880-013-000 11020 GHIRARD RD 142,241.00 410,000.00 552,241.00 2 "18,001-20,000" 5,758.05 5,758.04 019-880-014-000 11040 GHIRARD RD 291,832.00 1,936,704.00 2,228,536.00 2 "18,001-20,000" 5,758.05 5,758.04 019-880-015-000 11060 GHIRARD RD 75,801.00 0.00 75,801.00 2 "20,001-22,000" 5,943.79 5,943.78 019-880-016-000 11080 GHIRARD RD 244,077.00 0.00 244,077.00 2 "16,001-18,000" 5,572.30 5,572.30 019-880-017-000 11100 GHIRARD RD 465,000.00 0.00 465,000.00 2 "16,001-18,000" 5,572.30 5,572.30 019-880-018-000 11120 GHIRARD RD 433,500.00 0.00 433,500.00 2 "18,001-20,000" 5,758.05 5,758.04 019-890-002-000 11691 GHIRARD RD 87,789.00 1,031,853.00 1,119,642.00 2 "16,001-18,000" 5,572.30 5,572.30 Willdan Financial Services Page 5 of 10 Page 112 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address • Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Number 019-890-003-000 11711 GHIRARD RD 284,465.00 1,938,000.00 2,222,465.00 2 "16,001-18,000" 5,572.30 5,572.30 019-890-004-000 11731 GHIRARD RD 432,000.00 0.00 432,000.00 2 "16,001-18,000" 5,572.30 5,572.30 019-890-005-000 11751 GHIRARD RD 134,023.00 1,581,496.00 1,715,519.00 2 "18,001-20,000" 5,758.05 5,758.04 019-890-006-000 11771 GHIRARD RD 212,241.00 0.00 212,241.00 2 "16,001-18,000" 5,572.30 5,572.30 019-890-007-000 11791 GHIRARD RD 288,000.00 2,088,700.00 2,376,700.00 2 "16,001-18,000" 5,572.30 5,572.30 019-890-008-000 11831 GHIRARD RD 274,677.00 1,985,175.00 2,259,852.00 2 "20,001-22,000" 5,943.79 5,943.78 019-890-009-000 11840 GHIRARD RD 125,158.00 1,206,976.00 1,332,134.00 2 "16,001-18,000" 5,572.30 5,572.30 019-890-010-000 11820 GHIRARD RD 148,569.00 0.00 148,569.00 2 "16,001-18,000" 5,572.30 5,572.30 019-890-011-000 11800 GHIRARD RD 125,177.00 1,697,932.00 1,823,109.00 2 "14,001-16,000" 5,386.56 5,386.54 019-890-012-000 11780 GHIRARD RD 107,800.00 0.00 107,800.00 2 "14,001-16,000" 5,386.56 5,386.54 019-890-013-000 11760 GHIRARD RD 400,000.00 2,240,000.00 2,640,000.00 2 "14,001-16,000" 5,386.56 5,386.54 019-890-014-000 11950 BOTTCHER LP 80,333.00 1,295,115.00 1,375,448.00 2 "18,001-20,000" 5,758.05 5,758.04 019-890-015-000 11930 BOTTCHER LP 108,773.00 0.00 108,773.00 2 "14,001-16,000" 5,386.56 5,386.54 019-890-016-000 11910 BOTTCHER LP 477,290.00 1,267,557.00 1,744,847.00 2 "14,001-16,000" 5,386.56 5,386.54 019-890-017-000 11720 GHIRARD RD 269,423.00 0.00 269,423.00 2 "16,001-18,000" 5,572.30 5,572.30 019-890-018-000 11700 GHIRARD RD 441,000.00 1,974,700.00 2,415,700.00 2 "14,001-16,000" 5,386.56 5,386.54 019-900-002-000 11021 HENNESS RD 139,384.00 1,109,727.00 1,249,111.00 2 "18,001-20,000" 5,758.05 5,758.04 019-900-003-000 11041 HENNESS RD 141,700.00 0.00 141,700.00 2 "16,001-18,000" 5,572.30 5,572.30 019-900-004-000 11061 HENNESS RD 270,504.00 2,642,616.00 2,913,120.00 2 "14,001-16,000" 5,386.56 5,386.54 019-900-005-000 11081 HENNESS RD 136,537.00 1,473,487.00 1,610,024.00 2 "14,001-16,000" 5,386.56 5,386.54 019-900-006-000 11111 HENNESS RD 235,587.00 0.00 235,587.00 2 "14,001-16,000" 5,386.56 5,386.54 019-900-007-000 11121 HENNESS RD 381,096.00 2,165,000.00 2,546,096.00 2 "14,001-16,000" 5,386.56 5,386.54 019-900-008-000 11141 HENNESS RD 36,938.00 0.00 36,938.00 2 "14,001-16,000" 5,386.56 5,386.54 019-900-009-000 11149 HENNESS RD 265,302.00 1,910,174.00 2,175,476.00 2 "14,001-16,000" 5,386.56 5,386.54 019-900-010-000 11150 HENNESS RD 143,203.00 1,155,000.00 1,298,203.00 2 "16,001-18,000" 5,572.30 5,572.30 019-900-011-000 11130 HENNESS RD 329,000.00 2,542,700.00 2,871,700.00 2 "16,001-18,000" 5,572.30 5,572.30 019-900-012-000 11110 HENNESS RD 164,631.00 2,939,546.00 3,104,177.00 2 "Greater than 22,000" 6,129.53 6,129.52 019-900-013-000 11002 MEEK CT 356,767.00 2,400,000.00 2,756,767.00 2 "Greater than 22,000" 6,129.53 6,129.52 019-900-014-000 11022 MEEK CT 156,941.00 1,050,331.00 1,207,272.00 2 "18,001-20,000" 5,758.05 5,758.04 019-900-017-000 11093 MEEK CT 599,311.00 1,498,380.00 2,097,691.00 2 "14,001-16,000" 5,386.56 5,386.54 019-900-018-000 11073 MEEK CT 178,481.00 1,450,173.00 1,628,654.00 2 "14,001-16,000" 5,386.56 5,386.54 019-900-019-000 11053 MEEK CT 163,100.00 0.00 163,100.00 2 "20,001-22,000" 5,943.79 5,943.78 019-900-020-000 11033 MEEK CT 153,109.00 1,377,992.00 1,531,101.00 2 "20,001-22,000" 5,943.79 5,943.78 019-900-021-000 11090 HENNESS RD 185,711.00 1,071,820.00 1,257,531.00 2 "16,001-18,000" 5,572.30 5,572.30 019-900-022-000 11070 HENNESS RD 477,543.00 2,122,416.00 2,599,959.00 2 "Greater than 22,000" 6,129.53 6,129.52 019-900-023-000 11042 HENNESS RD 239,835.00 1,489,216.00 1,729,051.00 2 "Greater than 22,000" 6,129.53 6,129.52 019-900-024-000 11036 HENNESS RD 241,244.00 1,517,165.00 1,758,409.00 2 "20,001-22,000" 5,943.79 5,943.78 019-900-025-000 11030 HENNESS RD 163,396.00 2,143,640.00 2,307,036.00 2 "18,001-20,000" 5,758.05 5,758.04 019-900-026-000 11010 HENNESS RD 48,068.00 0.00 48,068.00 2 "16,001-18,000" 5,572.30 5,572.30 019-900-027-000 11052 MEEK CT 237,636.00 1,473,941.00 1,711,577.00 2 "Greater than 22,000" 6,129.53 6,129.52 019-910-001-000 11159 HENNESS RD 200,393.00 1,137,300.00 1,337,693.00 2 "14,001-16,000" 5,386.56 5,386.54 019-910-002-000 11169 HENNESS RD 432,400.00 1,754,500.00 2,186,900.00 2 "20,001-22,000" 5,943.79 5,943.78 019-910-003-000 11199 HENNESS RD 211,179.00 0.00 211,179.00 2 "18,001-20,000" 5,758.05 5,758.04 019-910-004-000 11219 HENNESS RD 87,041.00 0.00 87,041.00 2 "12,001-14,000" 5,200.82 5,200.80 019-910-005-000 11239 HENNESS RD 153,109.00 1,552,976.00 1,706,085.00 2 "14,001-16,000" 5,386.56 5,386.54 019-910-006-000 11259 HENNESS RD 116,056.00 937,750.00 1,053,806.00 2 "14,001-16,000" 5,386.56 5,386.54 Willdan Financial Services Page 6 of 10 Page 113 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address • Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Number Value Assessed Value Value Charge 019-910-007-000 11330 HENNESS RD 195,225.00 2,824,686.00 3,019,911.00 2 "18,001-20,000" 5,758.05 5,758.04 019-910-008-000 11310 HENNESS RD 75,923.00 1,442,682.00 1,518,605.00 2 "14,001-16,000" 5,386.56 5,386.54 019-910-009-000 11290 HENNESS RD 235,883.00 1,404,582.00 1,640,465.00 2 "14,001-16,000" 5,386.56 5,386.54 019-910-010-000 11270 HENNESS RD 343,000.00 1,911,000.00 2,254,000.00 2 "12,001-14,000" 5,200.82 5,200.80 019-910-011-000 11250 HENNESS RD 344,892.00 1,565,281.00 1,910,173.00 2 "12,001-14,000" 5,200.82 5,200.80 019-910-012-000 11230 HENNESS RD 561,000.00 2,601,000.00 3,162,000.00 2 "14,001-16,000" 5,386.56 5,386.54 019-910-013-000 11210 HENNESS RD 126,621.00 757,144.00 883,765.00 2 "12,001-14,000" 5,200.82 5,200.80 019-910-014-000 11190 HENNESS RD 742,479.00 1,591,812.00 2,334,291.00 2 "14,001-16,000" 5,386.56 5,386.54 019-910-015-000 11170 HENNESS RD 187,634.00 1,409,943.00 1,597,577.00 2 "18,001-20,000" 5,758.05 5,758.04 019-910-016-000 11851 GHIRARD RD 338,338.00 2,684,232.00 3,022,570.00 2 "18,001-20,000" 5,758.05 5,758.04 019-910-017-000 11871 GHIRARD RD 307,126.00 2,496,960.00 2,804,086.00 2 "14,001-16,000" 5,386.56 5,386.54 019-910-018-000 11881 GHIRARD RD 48,285.00 0.00 48,285.00 2 "16,001-18,000" 5,572.30 5,572.30 019-910-019-000 11890 GHIRARD RD 50,700.00 0.00 50,700.00 2 "20,001-22,000" 5,943.79 5,943.78 019-910-020-000 11880 GHIRARD RD 135,800.00 1,194,900.00 1,330,700.00 2 "14,001-16,000" 5,386.56 5,386.54 019-910-021-000 11860 GHIRARD RD 38,629.00 0.00 38,629.00 2 "14,001-16,000" 5,386.56 5,386.54 043-010-002-000 NO SITUS AVAILABLE 164,045.00 0.00 164,045.00 2 GC2 30,931.70 30,931.70 043-010-003-000 NO SITUS AVAILABLE 258,098.00 39,369.00 297,467.00 2 GC2 72,844.52 72,844.50 043-010-004-000 10874 HENNESS RD 17,497.00 97,333.00 114,830.00 2 GC1 6,344.45 6,344.44 043-010-005-000 NO SITUS AVAILABLE 514,655.00 0.00 514,655.00 2 Undeveloped 178,387.98 178,387.98 043-010-006-000 NO SITUS AVAILABLE 224,196.00 0.00 224,196.00 2 GC1 127,801.47 127,801.46 043-010-007-000 NO SITUS AVAILABLE 536,099.00 0.00 536,099.00 2 Undeveloped 306,068.01 306,068.00 043-010-008-000 11410 HENNESS RD 176,075.00 1,662,340.00 1,838,415.00 2 GC1 14,448.82 14,448.82 043-020-003-000 10980 GHIRARD CT 255,000.00 3,366,000.00 3,621,000.00 2 "20,001-22,000" 5,943.79 5,943.78 043-020-006-000 10956 RYLEY CT 423,000.00 0.00 423,000.00 2 "16,001-18,000" 5,572.30 5,572.30 043-020-007-000 10954 RYLEY CT 166,027.00 1,447,471.00 1,613,498.00 2 "20,001-22,000" 5,943.79 5,943.78 043-020-008-000 10952 RYLEY CT 348,464.00 1,661,912.00 2,010,376.00 2 "18,001-20,000" 5,758.05 5,758.04 043-020-009-000 10950 RYLEY CT 160,829.00 1,206,226.00 1,367,055.00 2 "16,001-18,000" 5,572.30 5,572.30 043-020-010-000 10948 RYLEY CT 465,000.00 0.00 465,000.00 2 "16,001-18,000" 5,572.30 5,572.30 043-020-011-000 10946 RYLEY CT 254,683.00 1,513,948.00 1,768,631.00 2 "16,001-18,000" 5,572.30 5,572.30 043-020-012-000 10944 RYLEY CT 253,715.00 0.00 253,715.00 2 "16,001-18,000" 5,572.30 5,572.30 043-020-013-000 10942 RYLEY CT 198,297.00 0.00 198,297.00 2 "16,001-18,000" 5,572.30 5,572.30 043-020-014-000 10940 RYLEY CT 72,432.00 1,561,356.00 1,633,788.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-020-015-000 10940 GHIRARD CT 42,249.00 0.00 42,249.00 2 Exempt 0.00 0.00 043-020-016-000 NO SITUS AVAILABLE 108,160.00 0.00 108,160.00 2 Exempt 0.00 0.00 043-020-017-000 10920 GHIRARD CT 114,167.00 0.00 114,167.00 2 "16,001-18,000" 5,572.30 5,572.30 043-020-018-000 10900 GHIRARD CT 295,947.00 0.00 295,947.00 2 "20,001-22,000" 5,943.79 5,943.78 043-020-019-000 10880 GHIRARD CT 541,317.00 1,804,053.00 2,345,370.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-020-020-000 10860 GHIRARD CT 317,325.00 1,079,342.00 1,396,667.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-020-021-000 10840 GHIRARD CT 327,504.00 1,416,270.00 1,743,774.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-020-022-000 10820 GHIRARD CT 328,974.00 2,260,373.00 2,589,347.00 2 "18,001-20,000" 5,758.05 5,758.04 043-020-023-000 10800 GHIRARD CT 204,307.00 0.00 204,307.00 2 "14,001-16,000" 5,386.56 5,386.54 043-020-024-000 10780 GHIRARD CT 192,285.00 0.00 192,285.00 2 "8,000-12,000" 5,015.07 5,015.06 043-020-025-000 10760 GHIRARD CT 94,199.00 2,026,913.00 2,121,112.00 2 "18,001-20,000" 5,758.05 5,758.04 043-020-026-000 10911 GHIRARD CT 268,048.00 1,836,143.00 2,104,191.00 2 "16,001-18,000" 5,572.30 5,572.30 043-020-027-000 10931 GHIRARD CT 237,802.00 0.00 237,802.00 2 "18,001-20,000" 5,758.05 5,758.04 043-020-028-000 10951 GHIRARD CT 61,565.00 1,046,709.00 1,108,274.00 2 "18,001-20,000" 5,758.05 5,758.04 Willdan Financial Services Page 7 of 10 Page 114 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address • Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Number 043-020-029-000 10971 GHIRARD CT 153,916.00 2,205,648.00 2,359,564.00 2 "20,001-22,000" 5,943.79 5,943.78 043-020-030-000 10960 RYLEY CT 161,704.00 1,455,365.00 1,617,069.00 2 "20,001-22,000" 5,943.79 5,943.78 043-030-001-000 11545 HENNESS RD 561,000.00 2,499,000.00 3,060,000.00 2 "16,001-18,000" 5,572.30 5,572.30 043-030-002-000 11539 HENNESS RD 139,266.00 0.00 139,266.00 2 "14,001-16,000" 5,386.56 5,386.54 043-030-003-000 11533 HENNESS RD 402,074.00 1,415,305.00 1,817,379.00 2 "18,001-20,000" 5,758.05 5,758.04 043-030-004-000 11527 HENNESS RD 251,537.00 1,486,263.00 1,737,800.00 2 "20,001-22,000" 5,943.79 5,943.78 043-030-005-000 11521 HENNESS RD 294,854.00 1,463,554.00 1,758,408.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-007-000 11497 HENNESS RD 249,383.00 0.00 249,383.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-008-000 11475 HENNESS RD 424,483.00 2,085,273.00 2,509,756.00 2 "20,001-22,000" 5,943.79 5,943.78 043-030-009-000 11430 HENNESS RD 256,568.00 1,253,842.00 1,510,410.00 2 "14,001-16,000" 5,386.56 5,386.54 043-030-010-000 11438 HENNESS RD 294,000.00 1,666,000.00 1,960,000.00 2 "14,001-16,000" 5,386.56 5,386.54 043-030-011-000 11446 HENNESS RD 213,735.00 2,088,011.00 2,301,746.00 2 "14,001-16,000" 5,386.56 5,386.54 043-030-012-000 11454 HENNESS RD 186,784.00 1,633,117.00 1,819,901.00 2 "18,001-20,000" 5,758.05 5,758.04 043-030-013-000 11462 HENNESS RD 365,137.00 1,677,081.00 2,042,218.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-014-000 11470 HENNESS RD 102,612.00 0.00 102,612.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-015-000 11478 HENNESS RD 500,000.00 2,806,739.00 3,306,739.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-016-000 11486 HENNESS RD 312,000.00 2,040,000.00 2,352,000.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-017-000 11494 HENNESS RD 313,953.00 1,030,000.00 1,343,953.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-018-000 11502 HENNESS RD 96,578.00 0.00 96,578.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-019-000 11510 HENNESS RD 262,200.00 0.00 262,200.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-020-000 11518 HENNESS RD 271,107.00 1,688,717.00 1,959,824.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-021-000 11526 HENNESS RD 329,000.00 2,209,000.00 2,538,000.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-022-000 11534 HENNESS RD 187,307.00 1,496,243.00 1,683,550.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-023-000 11542 HENNESS RD 278,770.00 1,651,190.00 1,929,960.00 2 "20,001-22,000" 5,943.79 5,943.78 043-040-003-000 11687 HENNESS RD 375,000.00 2,625,000.00 3,000,000.00 2 "14,001-16,000" 5,386.56 5,386.54 043-040-004-000 11679 HENNESS RD 264,000.00 2,976,000.00 3,240,000.00 2 "16,001-18,000" 5,572.30 5,572.30 043-040-005-000 11671 HENNESS RD 321,600.00 0.00 321,600.00 2 "16,001-18,000" 5,572.30 5,572.30 043-040-006-000 11667 HENNESS RD 246,068.00 1,120,986.00 1,367,054.00 2 "16,001-18,000" 5,572.30 5,572.30 043-040-007-000 11655 HENNESS RD 329,000.00 2,016,300.00 2,345,300.00 2 "18,001-20,000" 5,758.05 5,758.04 043-040-008-000 11647 HENNESS RD 329,000.00 1,833,000.00 2,162,000.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-009-000 11639 HENNESS RD 387,340.00 0.00 387,340.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-010-000 11633 HENNESS RD 500,000.00 0.00 500,000.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-011-000 11627 HENNESS RD 387,340.00 1,947,316.00 2,334,656.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-012-000 11623 HENNESS RD 479,400.00 0.00 479,400.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-013-000 11615 HENNESS RD 255,340.00 1,277,267.00 1,532,607.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-014-000 11607 HENNESS RD 181,435.00 2,777,868.00 2,959,303.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-015-000 11595 HENNESS RD 596,549.00 1,337,496.00 1,934,045.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-016-000 11583 HENNESS RD 267,722.00 1,662,122.00 1,929,844.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-017-000 11575 HENNESS RD 267,722.00 1,446,825.00 1,714,547.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-018-000 11561 HENNESS RD 268,048.00 1,500,008.00 1,768,056.00 2 "20,001-22,000" 5,943.79 5,943.78 043-040-019-000 11553 HENNESS RD 465,000.00 2,960,000.00 3,425,000.00 2 "18,001-20,000" 5,758.05 5,758.04 043-040-020-000 11550 HENNESS RD 253,865.00 2,631,600.00 2,885,465.00 2 "20,001-22,000" 5,943.79 5,943.78 043-040-021-000 11558 HENNESS RD 191,817.00 1,366,806.00 1,558,623.00 2 "18,001-20,000" 5,758.05 5,758.04 043-040-022-000 11566 HENNESS RD 343,000.00 1,764,000.00 2,107,000.00 2 "18,001-20,000" 5,758.05 5,758.04 043-040-023-000 11574 HENNESS RD 265,302.00 1,559,975.00 1,825,277.00 2 "20,001-22,000" 5,943.79 5,943.78 043-040-024-000 11582 HENNESS RD 459,000.00 2,798,600.00 3,257,600.00 2 "Greater than 22,000" 6,129.53 6,129.52 Willdan Financial Services Page 8 of 10 Page 115 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address Land Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Total Number Value Assessed Value Value Charge 043-040-025-000 11590 HENNESS RD 268,048.00 1,045,396.00 1,313,444.00 2 "Greater than 22,000" 6,129.53 6,129.5 043-040-026-000 11598 HENNESS RD 574,562.00 244,843.00 819,405.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-027-000 11606 HENNESS RD 249,600.00 1,603,600.00 1,853,200.00 2 "16,001-18,000" 5,572.30 5,572.30 043-040-028-000 11614 HENNESS RD 329,000.00 2,585,000.00 2,914,000.00 2 "16,001-18,000" 5,572.30 5,572.30 043-040-029-000 11622 HENNESS RD 179,889.00 1,294,050.00 1,473,939.00 2 "20,001-22,000" 5,943.79 5,943.78 043-040-030-000 11630 HENNESS RD 252,853.00 2,160,000.00 2,412,853.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-031-000 11638 HENNESS RD 217,524.00 1,065,319.00 1,282,843.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-032-000 11646 HENNESS RD 96,578.00 0.00 96,578.00 2 "18,001-20,000" 5,758.05 5,758.04 043-040-033-000 11654 HENNESS RD 225,000.00 2,425,000.00 2,650,000.00 2 "16,001-18,000" 5,572.30 5,572.30 043-040-034-000 11662 HENNESS RD 329,000.00 2,674,300.00 3,003,300.00 2 "14,001-16,000" 5,386.56 5,386.54 043-050-002-000 10251 ANNIES LP 98,427.00 760,082.00 858,509.00 2 Condo 2,674.71 2,674.70 043-050-003-000 10249 ANNIES LP 102,401.00 665,627.00 768,028.00 2 Condo 2,674.71 2,674.70 043-050-004-000 10247 ANNIES LP 90,202.00 801,343.00 891,545.00 2 Condo 2,674.71 2,674.70 043-050-005-000 10239 ANNIES LP 98,427.00 836,637.00 935,064.00 2 Condo 2,674.71 2,674.70 043-050-007-000 10235 ANNIES LP 98,427.00 858,510.00 956,937.00 2 Condo 2,674.71 2,674.70 043-050-008-000 10229 ANNIES LP 106,120.00 902,026.00 1,008,146.00 2 Condo 2,674.71 2,674.70 043-050-009-000 10227 ANNIES LP 100,395.00 902,453.00 1,002,848.00 2 Condo 2,674.71 2,674.70 043-050-011-000 10215 ANNIES LP 106,120.00 880,802.00 986,922.00 2 Condo 2,674.71 2,674.70 043-050-012-000 10213 ANNIES LP 90,132.00 564,853.00 654,985.00 2 Condo 2,674.71 2,674.70 043-050-013-000 10211 ANNIES LP 36,938.00 714,223.00 751,161.00 2 Condo 2,674.71 2,674.70 043-050-014-000 10201 ANNIES LP 217,216.00 652,489.00 869,705.00 2 Condo 2,674.71 2,674.70 043-050-015-000 10199 ANNIES LP 131,870.00 1,476,951.00 1,608,821.00 2 Condo 2,674.71 2,674.70 043-050-017-000 10189 ANNIES LP 120,299.00 814,764.00 935,063.00 2 Condo 2,674.71 2,674.70 043-050-018-000 10187 ANNIES LP 376,000.00 963,500.00 1,339,500.00 2 Condo 2,674.71 2,674.70 043-050-019-000 10175 ANNIES LP 90,202.00 896,720.00 986,922.00 2 Condo 2,674.71 2,674.70 043-050-020-000 10173 ANNIES LP 305,500.00 1,057,500.00 1,363,000.00 2 Condo 2,674.71 2,674.70 043-050-024-000 NO SITUS AVAILABLE 0.00 0.00 0.00 2 Exempt 0.00 0.00 043-050-025-000 10222 EDWIN WAY 96,953.00 0.00 96,953.00 2 Undeveloped 7,541.18 7,541.18 043-050-026-000 10202 EDWIN WAY 96,953.00 0.00 96,953.00 2 Undeveloped 13,002.04 13,002.02 043-050-027-000 10204 EDWIN WAY 96,953.00 0.00 96,953.00 2 Undeveloped 11,701.84 11,701.82 043-060-009-000 10151 EDWIN WAY 139,669.00 0.00 139,669.00 2 Undeveloped 14,562.28 14,562.28 043-060-010-000 10105 EDWIN WAY 139,669.00 0.00 139,669.00 2 Undeveloped 8,841.39 8,841.38 043-060-011-000 10162 EDWIN WAY 763,156.00 0.00 763,156.00 2 Undeveloped 88,933.95 88,933.94 043-060-012-000 10073 EDWIN WAY 0.00 0.00 0.00 2 Exempt 0.00 0.00 043-060-013-000 NO SITUS AVAILABLE 0.00 0.00 0.00 2 Exempt 0.00 0.00 043-060-014-000 10131 JAKE'S WAY 110,000.00 1,705,000.00 1,815,000.00 2 SFA 2,674.71 2,674.70 043-060-015-000 10125 JAKE'S WAY 110,000.00 1,705,000.00 1,815,000.00 2 SFA 2,674.71 2,674.70 043-060-016-000 10117 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-060-017-000 10109 JAKE'S WAY 105,000.00 2,260,000.00 2,365,000.00 2 SFA 2,674.71 2,674.70 043-060-018-000 10097 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-060-019-000 10089 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-060-020-000 10085 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-060-021-000 10077 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-060-022-000 10069 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-060-023-000 10061 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-060-024-000 10076 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 Willdan Financial Services Page 9 of 10 Page 116 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address Land Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Total Number Value Assessed Value Value Charge 043-060-025-000 10084 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-060-026-000 10096 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-060-027-000 10102 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-003-000 11768 HENNESS RD 173,307.00 0.00 173,307.00 2 Undeveloped 15,342.41 15,342.40 043-070-008-000 10036 EDWIN WAY 321,600.00 0.00 321,600.00 2 4PLEXSFA 10,698.82 10,698.82 043-070-009-000 10020 EDWIN WAY 0.00 0.00 0.00 2 Exempt 0.00 0.00 043-070-010-000 10012 EDWIN WAY 247,664.00 0.00 247,664.00 2 Undeveloped 25,744.04 25,744.02 043-070-011-000 10003 EDWIN WAY 0.00 0.00 0.00 2 Exempt 0.00 0.00 043-070-012-000 10053 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-013-000 10047 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-014-000 10041 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-015-000 10033 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-016-000 10027 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-017-000 10019 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-018-000 10026 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-019-000 10038 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-020-000 10046 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-021-000 10054 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 Total: $92,831,027.00 $419,634,180.00 $512,465,207.00 $3,433,207.15 $3,433,203.06 Total Charged Parcels: 425 Total Parcels: 432 Willdan Financial Services Page 10 of 10 Page 117 of 234 W I LLDAN EXHIBIT B TRUCKEE DONNER PUD COMMUNITY FACILITIES DISTRICT NO. 04-1 (GRAYS CROSSING Boundary Diagram Page 118 of 234 IDENTIFICATION OF TAX ZONES FOR Y PROPOSEb COMMUNITY F ACLUTIE5 OT5TRICT NO. 04 1 v (GRAYS CROSSING) ;ITEr iRUCkEE bOf&! ER PUBLIC UTILITY DISTRICT re COUNTY OF NEVAbA 3 STATE OF CALIFOWNU A kU . , I I— _ __ _ )% Vrcxl%zTY MAP I 4 � � w os 1 4 l °s r 4 t I 1 AEc I ti I � l ti 1 ti n-.!ca 1 1 I�EC LEC7ENC, x.* + RS-X(Singly FamilyResiduTtial] t RM((Multi-Fan:Y idcrrtial] CN(Naighborhagd CommercFal) 0 RAC{Re.crenticn} ZONF 1 �� 05 70NE 2 KM NE NE d , r EMYMECU'16.INC. 1i IJT 6 W. suin 31 90 YJ 7. 6 mgi ImOO onvoe rwal IIOAG xlnC 3es, rnuoree,ew aa,el SHEET OI l Page 119 of 234 lIV W I LLDAN EXHIBIT C TRUCKEE DONNER PUD COMMUNITY FACILITIES DISTRICT NO. 04-1 (GRAYS CROSSING Delinquency Summary Page 120 of 234 DELINQUENCY SUMMARY BY DISTRICT Truckee Donner PUD Community Facilities District No. 0- DUE DOLLARS D. DOLLARS DELINQUENTDATE LEVIED DELINQUENT 2009/10-1 $1,119,963.85 $38,366.44 3.43% 416 3 06/30/2024 2009/10-2 $1,119,963.85 $38,366.44 3.43% 416 3 06/30/2024 2010/11-1 $1,165,181.90 $202,912.48 17.41% 416 3 06/30/2024 2010/11-2 $1,165,181.90 $202,912.48 17.41% 416 3 06/30/2024 2011/12-1 $1,195,150.68 $211,675.49 17.71% 416 3 06/30/2024 2011/12-2 $1,195,150.68 $211,675.49 17.71% 416 3 06/30/2024 2012/13-1 $1,236,735.78 $228,393.70 18.47% 416 3 06/30/2024 2012/13-2 $1,236,735.78 $228,393.70 18.47% 416 3 06/30/2024 2013/14-1 $1,264,729.82 $235,262.73 18.60% 416 3 06/30/2024 2013/14-2 $1,264,729.82 $235,262.73 18.60% 416 3 06/30/2024 2014/15-1 $1,284,580.98 $236,125.03 18.38% 416 3 06/30/2024 2014/15-2 $1,284,580.98 $236,125.03 18.38% 416 3 06/30/2024 2015/16-1 $1,299,558.24 $235,092.91 18.09% 415 3 06/30/2024 2015/16-2 $1,299,558.24 $235,092.91 18.09% 415 3 06/30/2024 2016/17-1 $1,319,863.48 $238,534.36 18.07% 413 3 06/30/2024 2016/17-2 $1,319,863.48 $238,534.36 18.07% 413 3 06/30/2024 2017/18-1 $1,241,081.09 $161,671.77 13.03% 413 3 06/30/2024 2017/18-2 $1,241,081.09 $161,671.77 13.03% 413 3 06/30/2024 2018/19-1 $1,252,842.07 $160,968.00 12.85% 408 3 06/30/2024 2018/19-2 $1,252,842.07 $160,968.00 12.85% 408 3 06/30/2024 2019/20-1 $1,289,656.10 $107,253.01 8.32% 407 3 06/30/2024 2019/20-2 $1,289,656.10 $107,253.01 8.32% 407 3 06/30/2024 2020/21-1 $1,302,711.62 $171,712.74 13.18% 407 4 06/30/2024 2020/21-2 $1,302,711.62 $173,840.55 13.34% 407 5 06/30/2024 2021/22-1 $1,327,863.06 $171,699.18 12.93% 407 3 06/30/2024 2021/22-2 $1,327,863.06 $171,699.18 12.93% 407 3 06/30/2024 2022/23-1 $1,466,825.70 $275,727.81 18.80% 426 5 06/30/2024 2022/23-2 $1,466,825.70 $278,405.77 18.98% 426 6 06/30/2024 2023/24-1 $1,516,384.84 $300,887.20 19.84% 425 6 06/30/2024 2023/24-2 $1,516,384.84 $312,833.04 20.63% 425 11 06/30/2024 TOTAL $38,566,258.42 $5,969,317.32 15.48% Willdan Financial Services Pa Pagegf2�1 of 234 W I LLDAN EXHIBIT D TRUCKEE DONNER PUD CFD 04-1 (GRAYS CROSSING) SERIES 2004 AND SERIES 2005 Debt Service Schedules Page 122 of 234 Truckee Donner PUD Community Facilities District No.04-1 (Gray's Crossing) REVISED DEBT SERVICE SCHEDULE Dated Date: 9/14/2004 First Coupon: 3/1/2005 First Maturity: 9/1/2007 Payment Due Interest Bond Call Called Amount Principal Due Interest Due Semi-Annual Total Annual Rate Payment 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% 20,000.00 10,000.00 505,000.00 346,358.75 871,358.75 1,217,717.50 3/1/2024 331,262.50 331,262.50 9/1/2024 5.75000% 10,000.00 560,000.00 331,262.50 891,262.50 1,222,525.00 3/1/2025 315,162.50 315,162.50 9/1/2025 5.75000% 5,000.00 620,000.00 315,162.50 935,162.50 1,250,325.00 3/1/2026 297,337.50 297,337.50 9/1/2026 5.75000% 5,000.00 685,000.00 297,337.50 982,337.50 1,279,675.00 3/1/2027 277,643.75 277,643.75 9/1/2027 5.75000% 10,000.00 745,000.00 277,643.75 1,022,643.75 1,300,287.50 3/1/2028 256,225.00 256,225.00 9/1/2028 5.75000% 10,000.00 815,000.00 256,225.00 1,071,225.00 1,327,450.00 3/1/2029 232,793.75 232,793.75 9/1/2029 5.75000% 10,000.00 885,000.00 232,793.75 1,117,793.75 1,350,587.50 3/1/2030 207,350.00 207,350.00 9/1/2030 5.80000% 10,000.00 965,000.00 207,350.00 1,172,350.00 1,379,700.00 3/1/2031 179,365.00 179,365.00 9/1/2031 5.80000% 10,000.00 1,050,000.00 179,365.00 1,229,365.00 1,408,730.00 3/1/2032 148,915.00 148,915.00 9/1/2032 5.80000% 15,000.00 1,135,000.00 148,915.00 1,283,915.00 1,432,830.00 3/1/2033 116,000.00 116,000.00 9/1/2033 5.80000% 15,000.00 1,230,000.00 116,000.00 1,346,000.00 1,462,000.00 3/1/2034 80,330.00 80,330.00 9/1/2034 5.80000% 25,000.00 1,320,000.00 80,330.00 1,400,330.00 1,480,660.00 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 $10,900,000.00 Matured Principal 4,335,000.00 Called Principal 140,000.00 Total Bond Issue $15,375,000.00 Willdan Financial Services Page 1 of 1 Page 123 of 234 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 Payment Due Interest Bond Call Called Amount Principal Due Interest Due Semi-Annual Total Annual Rate Payment 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 1,351,855.00 311/2022 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% 25,000.00 5,000.00 645,000.00 381,937.50 1,051,937.50 1,433,875.00 3/1/2024 364,507.50 364,507.50 9/1/2024 5.20000% 5,000.00 710,000.00 364,507.50 1,074,507.50 1,439,015.00 3/1/2025 346,047.50 346,047.50 9/1/2025 5.20000% 10,000.00 770,000.00 346,047.50 1,116,047.50 1,462,095.00 3/1/2026 326,027.50 326,027.50 9/1/2026 5.25000% 10,000.00 840,000.00 326,027.50 1,166,027.50 1,492,055.00 3/1/2027 303,977.50 303,977.50 9/1/2027 5.25000% 10,000.00 915,000.00 303,977.50 1,218,977.50 1,522,955.00 3/1/2028 279,958.75 279,958.75 9/1/2028 5.25000% 10,000.00 995,000.00 279,958.75 1,274,958.75 1,554,917.50 3/1/2029 253,840.00 253,840.00 9/1/2029 5.25000% 15,000.00 1,075,000.00 253,840.00 1,328,840.00 1,582,680.00 3/1/2030 225,621.25 225,621.25 9/1/2030 5.25000% 15,000.00 1,165,000.00 225,621.25 1,390,621.25 1,616,242.50 3/1/2031 195,040.00 195,040.00 9/1/2031 5.30000% 15,000.00 1,260,000.00 195,040.00 1,455,040.00 1,650,080.00 3/1/2032 161,650.00 161,650.00 9/1/2032 5.30000% 15,000.00 1,360,000.00 161,650.00 1,521,650.00 1,683,300.00 3/1/2033 125,610.00 125,610.00 9/1/2033 5.30000% 15,000.00 1,465,000.00 125,610.00 1,590,610.00 1,716,220.00 3/1/2034 86,787.50 86,787.50 9/1/2034 5.30000% 30,000.00 1,570,000.00 86,787.50 1,656,787.50 1,743,575.00 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 $13,120,000.00 Matured Principal 5,855,000.00 Called Principal 180,000.00 Total Bond Issue $19,155,000.00 Willdan Financial Services Page 1 of 1 Page 124 of 234 W I LLDAN EXHIBIT E TRUCKEE DONNER PUD COMMUNITY FACILITIES DISTRICT NO. 04-1 (GRAYS CROSSING Rate and Method of Apportionment of Special Tax Page 125 of 234 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. A-I Page 126 of 234 "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 A-2 Page 127 of 234 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. A-3 Page 128 of 234 "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. A-4 Page 129 of 234 "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: A-5 Page 130 of 234 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. A-6 Page 131 of 234 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 1 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, A-7 Page 132 of 234 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 I: 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 shalt 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 UselEnddement 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. A-8 Page 133 of 234 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 10011/o 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 A-9 Page 134 of 234 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 A-10 Page 135 of 234 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'j. 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'). A-11 Page 136 of 234 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. A-12 Page 137 of 234 r TRUCKEE DONNER PUBLIC UTILITY DISTRICT Community Facilities District No. 04-1 (Gray's Crossing) Special Tax Bonds Series 2004 $15y375,000 Dated: September 14, 2004 Series 2005 $19,155,000 Dated: July 13, 2005 Nevada County, California Base CUSIP+: 897817 2023/2024 ANNUAL CONTINUING DISCLOSURE INFORMATION STATEMENT . JANUARY 28, 2025 . . W I LLDAN + Copyright,American Bankers Association. CUSIP data is provided by CUSIP Global Services(formerly known as CUSIP Service Bureau,a division of The McGraw-Hill Companies, Inc.),which is managed on behalf of the American Bankers Association by S&P Global Market Intelligence.This data is not intended to create a database and does not serve in any way as a substitute for the CUSIP service. The issuer takes no responsibility for the accuracy of such number. Page 138 of 234 NA/W I LLDAN LIST OF PARTICIPANTS TRUCKEE DONNER PUD. . . Michael R. Salmon DISTRICT Chief Financial Officer/ Treasurer 11570 Donner Pass Road Truckee, California 96161 (530) 582-3959 ADMINISTRATION DISCLOSURE • DISSEMINATION irWilldan Financial Services* UNDERWRITER Temecula, California 92590 (951) 587-3500 www.Willdan.com UBS Financial Services Inc. BOND COUNSEL Stradling Yocca Carlson & Rauth, a Professional Corporation Newport Beach, California The Bank of New York Mellon Corporate Trust Los Angeles, California (213) 630-6145 In its role as Disclosure Consultant and Dissemination Agent, Willdan Financial Services has not passed upon the accuracy, completeness or fairness of the statements contained herein. Page 139 of 234 WrWILLDAN L INTRODUCTION Pursuant to Official Statements dated August 31, 2004 and June 21, 2005, respectively, the Truckee Donner Public Utility District ("TDPUD") Community Facilities District No. 04-1 (Gray's Crossing) 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 development within TDPUD's, Community Facilities District No. 04-1 (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 Series 05 Bonds were issued on parity with the Series 04 Bonds. The District is located in Nevada County in the Town of Truckee, California. The Town of Truckee lies just north of the Lake Tahoe Basin; however, due to its location, proximity and recreational orientation, it is identified as a Lake Tahoe community. The Town of Truckee is located on Interstate 80 near the California - Nevada State line. 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, on both the east and the west sides of Highway 89. The District is developing into a mountain resort community that was originally planned at the time of formation to include 408 single-family lots, 89 freestanding cottages, 115 attached townhomes, 21 residential lofts, 40,700 square feet of commercial and community space, as well as on-site amenities. The development in the District is known as "Gray's Crossing." 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 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. The Bonds are limited obligations of the District payable solely from Net Taxes, as defined within the Official Statement, pledged and from certain other amounts held in the Special Tax Fund pursuant to the Indenture. The faith and the credit of neither the District, TDPUD, the State of California nor any political subdivision thereof is pledged to the payment of the principal of, premium, if any, or interest of the Bonds. The issuance of the Bonds shall not directly, indirectly or contingently obligate the District, TDPUD, the State of California or any political subdivision thereof to levy or pledge any form of taxation whatsoever other than the Special Taxes, or to make any appropriation for their payment other than from Net Taxes and from certain other amounts held in the Special Tax Fund. This Annual Continuing Disclosure Information Statement (the "Report") is being provided pursuant to covenants made by the District for the benefit of the holders of the Bonds and includes the information specified in the Continuing Disclosure Certificates for the Bonds. For 2023/2024 CFD 04-1 (Gray's Crossing) Page 1 of 7 Page 140 of 234 W I LLDAN further information and a more complete description of the District and the Bonds, reference is made to the Official Statements. The information set forth herein has been furnished by the TDPUD and by other sources, which is believed to be accurate and reliable but are not guaranteed as to accuracy or completeness. Statements contained in this Report which involve estimates, forecasts, or other matters of opinion, whether or not expressly so described herein, are intended solely as such and are not to be construed as representations of fact. Further, the information and expressions of opinion contained herein are subject to change without notice and the delivery of this Report will not, under any circumstances, create any implication that there has been no change in the affairs of the TDPUD or any other parties described herein. THIS REPORT IS OF A FACTUAL NATURE WITHOUT SUBJECTIVE ASSUMPTIONS, OPINIONS, OR VIEWS AND MAY NOT BE RELIED UPON AS ADVICE OR RECOMMENDATION TO PURCHASE OR SELL ANY PRODUCT OR UTILIZE ANY PARTICULAR STRATEGY RELATING TO THE ISSUANCE OF MUNICIPAL SECURITIES OR PURCHASE OF FINANCIAL PRODUCTS. IN PROVIDING THIS REPORT, WILLDAN FINANCIAL SERVICES AND ITS EMPLOYEES (COLLECTIVELY "WILLDAN") DO NOT RECOMMEND ANY ACTIONS AND ARE NOT ACTING AS AN ADVISOR TO ANY MUNICIPAL ENTITY, BOARD, OFFICER, AGENT, EMPLOYEE OR OBLIGATED PERSON PURSUANT TO SECTION 15B OF THE EXCHANGE ACT UNLESS SPECIFICALLY AGREED TO IN A SEPARATE WRITING WITH THE RECIPIENT. PRIOR TO ACTING ON ANY INFORMATION OR MATERIAL CONTAINED IN THIS REPORT, YOU SHOULD DISCUSS IT WITH APPROPRIATE INTERNAL OR EXTERNAL ADVISORS AND EXPERTS AND ONLY RELY UPON THEIR ADVICE. 2023/2024 CFD 04-1 (Gray's Crossing) Page 2 of 7 Page 141 of 234 W"W I LLDAN ll. BOND INFORMATION A. PRINCIPAL OUTSTANDING Bondissue As of June i 2024 CFD 04-1 Gray's Crossing Special Tax Bonds Series 2004 $11,480,000 CFD 04-1 Gray's Crossing Special Tax Bonds Series 2005 13,855,000 Total 000 B. FUND BALANCES Fund Balances As of June 30, 2024 Special Tax Fund $1,706,445 Interest Account of the Special Tax Fund $0 Principal Account of the Special Tax Fund $0 Redemption Account of the Special Tax Fund $0 Prepayment Account of the Special Tax Fund $51,748 Administrative Expense Fund $5,107 Rebate Fund $0 Surplus Fund $0 Reserve Account of the Special Tax Fund $2,116,353 Reserve Requirement(1) $3,316,241 The Acquisition and Construction Funds for both Series 2004 and Series 2005,which includes the Costs of Issuance Account and the Project Account,are closed. (2)The Reserve Requirement means,as of any date of calculation by the District,an amount equal to the lowest of(i)10%of the original proceeds of the Bonds,less original issue discount, if any,plus original issue premium,if any,or(ii)Maximum Annual Debt Service, or(iii)125%of the average Annual Debt Service. Source:Fund Balances provided by Truckee Donner Public Utility District. C. SIGNIFICANT/LISTED EVENT — UNSCHEDULED DRAW ON DEBT SERVICE RESERVES On September 1, 2024, a draw on the Reserve Fund for $243,925.93 was performed in order to pay the September 1, 2024 Debt Service Payment on the Bonds. The District had insufficient funds to make the full debt service payment of $1,967,007.50 on the Series 2004 and Series 2005 Bonds. The unscheduled draw is due to a consistently high delinquency rate in the District. The notice for this significant event was filed with the Municipal Securities Rulemaking Board's Electronic Municipal Market Access website ("EMMA") on August 29, 2024. 2023/2024 CFD 04-1 (Gray's Crossing) Page 3 of 7 Page 142 of 234 NA/W I LLDAN ►►► FINANCIAL INFORMATION TDPUD'S ANNUAL FINANCIAL STATEMENT IS PROVIDED SOLELY TO COMPLY WITH THE SECURITIES EXCHANGE COMMISSION STAFF'S INTERPRETATION OF RULE 15C2-12. NO FUNDS OR ASSETS OF TDPUD ARE REQUIRED TO BE USED TO PAY DEBT SERVICE ON THE BONDS AND TDPUD IS NOT OBLIGATED TO ADVANCE AVAILABLE FUNDS FROM TDPUD'S TREASURY TO COVER ANY DELINQUENCIES. INVESTORS SHOULD NOT RELY ON THE FINANCIAL CONDITION OF TDPUD IN EVALUATING WHETHER TO BUY, HOLD OR SELL THE BONDS. There will not be separate audited financial statements prepared for the District. The activities of the District are reported within TDPUD's audited financial statements. The audited financial statements for TDPUD for the fiscal year ended December 31, 2024 will be separately filed with EMMA and are hereby incorporated by reference into this Report. Per the Continuing Disclosure Agreement, the due date for dissemination of the Report is six months after the end of the District's fiscal year, commencing not later than January 1, 2005. However, the District's fiscal year ends December 31, 2024, not June 30, 2024. Therefore, the audited financial statements will be disseminated when completed by June 30, 2025 and still within the six months following the end of the District's fiscal year. 2023/2024 CFD 04-1 (Gray's Crossing) Page 4 of 7 Page 143 of 234 Wr'WILLDAN IV. OPERATING INFORMATION A. DELINQUENCY SUMMARY The following table sets forth a summary of the delinquent Annual Special Taxes within the District. Number of Delinquent Percent of Fiscal Number of Parcels Total Annual Special Tax Special Tax Year Parcels Delinquent Special Tax Amount(1) Delinquent 2009/10 416 3 $2,239,928 $76,733 3.43% 2010/11 416 3 $2,330,364 $405,825 17.41% 2011/12 416 3 $2,390,301 $423,351 17.71% 2012/13 416 3 $2,473,472 $456,787 18.47% 2013/14 416 3 $2,529,460 $470,525 18.60% 2014/15 416 3 $2,569,162 $472,250 18.38% 2015/16 415 3 $2,599,116 $470,186 18.09% 2016/17 413 3 $2,639,727 $477,069 18.07% 2017/18 413 3 $2,482,162 $323,344 13.03% 2018/19 408 3 $2,505,684 $321,936 12.85% 2019/20 407 3 $2,579,312 $214,506 8.32% 2020/21 407 5 $2,605,423 $345,553 13.26% 2021/22 407 3 $2,655,726 $343,398 12.93% 2022/23 426 4 $2,933,651 $546,278 18.62% 2023/24 425 5 $3,032,770 $589,683 19.44% Amount delinquent as of January 14,2025. Source:Nevada County Tax Collector,as compiled by Willdan Financial Services. The following table lists the parcels delinquent over $2,500: AmountAssessor's First Year Parcel Number Delinquent Days Delinquent Delinquent(1) 019-770-002-000 2009/10 5,376 $2,581,668 019-900-020-000 2020/21 1,358 $5,491 019-900-022-000 2022/23 628 $5,892 043-010-005-000 2009/10 5,376 $1,235,371 043-010-007-000 2009/10 5,376 $2,103,307 Amount delinquent as of January 14,2025. Source:Nevada County Tax Collector,as compiled by Willdan Financial Services. B. FORECLOSURE PROCEEDINGS The District has covenanted to commence judicial foreclosure proceedings against all parcels 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. The District will commence judicial foreclosure proceedings against 2023/2024 CFD 04-1 (Gray's Crossing) Page 5 of 7 Page 144 of 234 INVWILLDAN all parcels with delinquent Special Taxes by the October 1 following the close of each Fiscal Year in which it receives Special Tax in an amount which is less than 95% of the total Special Tax levied for such Fiscal Year. The District is pursuing foreclosure actions on delinquent parcels pursuant to the Trust Agreement. On August 14, 2024, a Notice of Intent to Remove Delinquent Special Tax Installments from the Tax Roll was recorded with Nevada County for nine (9) delinquent parcels. Two (2) parcels paid their Special Taxes on August 13, 2024 and August 29, 2024. On September 18, 2024, seven (7) parcels were sent to the Foreclosure Attorney for collection. As of the date of this Report, six (6) parcels remain delinquent. All are in the process of Foreclosure (see listing below). Assessor's Parcel Number First Year Delinquent Amount Delinquent 019-770-002-000 2009/10 $2,581,667.85 019-800-020-000 2023/24 $2,258.05 019-900-022-000 2022/23 $11,900.84 043-010-005-000 2009/10 $1,235,370.50 043-010-007-000 2009/10 $2,103,306.64 043-050-015-000 2023/24 $1,311.13 Amount delinquent as of January 14,2025. Source:Nevada County Tax Collector,as compiled by Willdan Financial Services. C. VALUE TO LIEN RATIOS The following table sets forth the Assessed Value to Lien Ratio for the properties within the District based on land use. 2024/25 Total Value-to- Maximum Percent of Applied Parcel Assessed Lien of Lie n Special Maximum Special Category Count Value Bonds(l) Ratio Tax Special Tax Tax Residential(2) 408 $505,996,135 $15,364,439 32.93 $2,082,072 60.64% $2,082,068 Golf Course 6 2,843,460 2,193,079 1.30 297,189 8.66% 297,189 Undeveloped(3) 11 3,475,203 7,777,482 0.45 1,053,945 30.70% 1,053,945 f M Calculated as the pro-rata share of the Maximum Tax times the principal outstanding on the Bonds as of June 30,2024. (2)The Residential Category contains 145 parcels that have no structure value. 0)The Undeveloped Category contains 7 Commercial parcels. Source:Nevada County 2024125 Secured Property Roll,as compiled by Willdan Financial Services. 2023/2024 CFD 04-1 (Gray's Crossing) Page 6 of 7 Page 145 of 234 WrWILLDAN D. PRINCIPAL PROPERTY OWNERS The following table sets forth the principal property owners within the District for Fiscal Year 2024/25. The information in this table is based on the Nevada County 2024/25 Secured Property Roll and does not reflect any subsequent development and change of ownership, nor any increase in assessed value due to recent changes of ownership or re-assessments by the Nevada County Assessor. OwnerAssessed Value 2024/25 2024/25 Maximum Applied Parcel Special Special Property Siddiqui Family Partnership LP(1) 2 $562,208 $562,208 $1,184,780 $- $1,184,780 Dk Alviso LLC(1) 1 306,068 306,068 536,099 - 536,099 Tahoe Club Co. LLC 6 297,189 297,189 1,001,768 1,841,692 2,843,460 Gray's Crossing Investments LLC (1) 7 96,735 96,735 991,168 - 991,168 Gray's Crossing Land Holdings LLC(1) 1 88,934 88,934 763,156 - 763,156 Village at Gray's Crossing LLC(1) 21 64,193 64,193 2,337,600 - 2,337,600 Greenstein Martin R Trste Etal 10 45,730 45,730 603,666 2,979,234 3,582,900 Investment Specialty Group LLC 4 23,218 23,218 1,297,967 1,447,471 2,745,438 Case John S Trste Etal 3 16,160 16,160 490,791 2,026,913 2,517,704 Rahimian Javad &Shirin Trstes 2 11,888 11,888 261,209 2,939,546 3,200,755 Other Property Owners 368 1,920,884 1,920,881 83,212,414 408,399,324 491,611,738 Total 425 i7 $3,433,203 $92,680,618 :i (1)Parcels are categorized as undeveloped. Note:Totals may not tie due to rounding. Source:Nevada County 2024125 Secured Roll as compiled by Willdan Financial Services. E. CHANGES TO THE RATE AND METHOD OF APPORTIONMENT There have been no changes to the Rate and Method of Apportionment of Special Tax approved or submitted to qualified electors for approval prior to the filing of the Report. F. CALIFORNIA DEBT INVESTMENT ADVISORY COMMISSION (CDIAC) REPORT Copies of the most recent State of California Debt and Investment Advisory Commission Mello-Roos Yearly Status Reports for the Bonds are attached to this Report. 2023/2024 CFD 04-1 (Gray's Crossing) Page 7 of 7 Page 146 of 234 MELLO ROOS REPORT�Ew*Tf CDIAC#: 2004-1553 ,E � c California Debt and Investment Advisory Commission, 915 Capitol Mall, Status: Submitted °' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA 10/22/2024 4rorty�. 94209-0001 Tel.: (916)653-3269 Fax: (916)654-7440 Information as of Reporting Year End: 6/30/2024 Issuance Issuer Name: Truckee Donner Public Utility District CFD No 04-1 Issue Name: 2004 Special Tax Bonds Project Name: Gray's Crossing Actual Sale Date: 8/31/2004 Settlement Date: 9/14/2004 Original Principal Amount: $15,375,000.00 Date of Filing: 10/22/2024 Reserve Fund Minimum Balance: Yes Reserve Fund Minimum Balance Amount: $1,520,876.24 Credit Rating from Report of Final Sale Credit Rating: Not Rated Standard&Poor: Fitch: Moody's: Other: Credit Rating from Mello-Roos Last Yearly Fiscal Status Report Credit Rating: Not Rated Standard&Poor: Fitch: Moody's: Other: Credit Rating for This Reporting Period Credit Rating: Not Rated Standard&Poor: Page 1 of 3 Page 147 of 234 MELLO ROOS REPORT�Ew*Tf CDIAC#: 2004-1553 ,E � c California Debt and Investment Advisory Commission, 915 Capitol Mall, Status: Submitted '' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA 10/22/2024 4rorty�. 94209-0001 Tel.: (916)653-3269 Fax: (916)654-7440 Fitch: Moody's: Other: Fund Balance Principal Amount of Bonds Outstanding: $11,460,000.00 Bond Reserve Fund: $970,590.20 Capitalized Interest Fund: $0.00 Construction Fund(s): $0.00 Assessed Value Assessed or Appraised Value Reported as of: 7/l/2024 Use Appraised Value only in first year or before annual tax roll billing commences: From Equalized Tax Roll Total Assessed Value of All Parcels: $512,314,798.00 Tax Collection Total Amount of Special Taxes Due Annually: $3,032,769.68 Total Amount of Unpaid Special Taxes Annually: $600,973.16 Does this agency participate in the County's Teeter Plan? No Delinquent Reporting Delinquent Parcel Information Reported as of Equalized Tax Roll of: 8/29/2024 Total Number of Delinquent Parcels: 12 Total Amount of Special Taxes Due on Delinquent Parcels: $5,962,461.74 Delinquency Parcel Reporting Document Type Document Name File Upload Date Delinquent Parcel Detail Report CFD 04-1 DQ Report.pdf 10/22/2024 Foreclosure Page 2 of 3 Page 148 of 234 MELLO ROOS REPORT�Ew*Tf CDIAC#: 2004-1553 ,E � c California Debt and Investment Advisory Commission, 915 Capitol Mall, Status: Submitted '' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA 10/22/2024 4rorty�. 94209-0001 Tel.: (916)653-3269 Fax: (916)654-7440 Date Foreclosure Total Number of Foreclosure Total Amount of Tax on Foreclosure Commenced Parcels Parcels 8/14/2024 9 $606,709.00 Retired Issues Indicate Reason for Retirement: Not Retired Filing Contact Filing Contact Name: Richelle Lane Agency/Organization Name: Willdan Financial Services Address: 27368 Via Industria, Ste 200 City: Temecula State: CA Zip Code: 92590 Telephone: 951-5873519 Fax Number: E-mail: rlane@willdan.com Comments Issuer Comments: A draw on the Reserve Fund was completed on 9/l/24 in order to pay debt service. Submission Date: 10/22/2024 Page 3 of 3 Page 149 of 234 MELLO ROOS REPORT�Ew*Tf CDIAC#: 2005-0453 ,E � c California Debt and Investment Advisory Commission, 915 Capitol Mall, Status: Submitted °' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA 10/22/2024 4rorty�. 94209-0001 Tel.: (916)653-3269 Fax: (916)654-7440 Information as of Reporting Year End: 6/30/2024 Issuance Issuer Name: Truckee Donner Public Utility District CFD No 04-1 Issue Name: 2005 Special Tax Bonds Project Name: Gray's Crossing Actual Sale Date: 6/21/2005 Settlement Date: 6/21/2005 Original Principal Amount: $19,155,000.00 Date of Filing: Reserve Fund Minimum Balance: Yes Reserve Fund Minimum Balance Amount: $1,795,365.00 Credit Rating from Report of Final Sale Credit Rating: Not Rated Standard&Poor: Fitch: Moody's: Other: Credit Rating from Mello-Roos Last Yearly Fiscal Status Report Credit Rating: Not Rated Standard&Poor: Fitch: Moody's: Other: Credit Rating for This Reporting Period Credit Rating: Not Rated Standard&Poor: Page 1 of 3 Page 150 of 234 MELLO ROOS REPORT�Ew*Tf CDIAC#: 2005-0453 ,E � c California Debt and Investment Advisory Commission, 915 Capitol Mall, Status: Submitted °' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA 10/22/2024 4rorty�. 94209-0001 Tel.: (916)653-3269 Fax: (916)654-7440 Fitch: Moody's: Other: Fund Balance Principal Amount of Bonds Outstanding: $13,830,000.00 Bond Reserve Fund: $1,145,762.97 Capitalized Interest Fund: $0.00 Construction Fund(s): $0.00 Assessed Value Assessed or Appraised Value Reported as of: 7/l/2024 Use Appraised Value only in first year or before annual tax roll billing commences: From Equalized Tax Roll Total Assessed Value of All Parcels: $512,314,798.00 Tax Collection Total Amount of Special Taxes Due Annually: $3,032,769.68 Total Amount of Unpaid Special Taxes Annually: $600,973.16 Does this agency participate in the County's Teeter Plan? No Delinquent Reporting Delinquent Parcel Information Reported as of Equalized Tax Roll of: 8/29/2024 Total Number of Delinquent Parcels: 12 Total Amount of Special Taxes Due on Delinquent Parcels: $5,962,461.74 Delinquency Parcel Reporting Document Type Document Name File Upload Date Delinquent Parcel Detail Report CFD 04-1 DQ Report.pdf 10/22/2024 Foreclosure Page 2 of 3 Page 151 of 234 MELLO ROOS REPORT�Ew*Tf CDIAC#: 2005-0453 ,E � c California Debt and Investment Advisory Commission, 915 Capitol Mall, Status: Submitted °' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA 10/22/2024 4rorty�. 94209-0001 Tel.: (916)653-3269 Fax: (916)654-7440 Date Foreclosure Total Number of Foreclosure Total Amount of Tax on Foreclosure Commenced Parcels Parcels 8/14/2024 9 $606,709.00 Retired Issues Indicate Reason for Retirement: Not Retired Filing Contact Filing Contact Name: Richelle Lane Agency/Organization Name: Willdan Financial Services Address: 27368 Via Industria, Ste 200 City: Temecula State: CA Zip Code: 92590 Telephone: 951-5873519 Fax Number: E-mail: rlane@willdan.com Comments Issuer Comments: A draw on the Reserve Fund was completed on 9/l/24 in order to pay debt service. Page 3 of 3 Page 152 of 234 AGENDA ITEM #19 Public Utility District m MEETING DATE: April 2, 2025 TO: Board of Directors FROM: Michael Salmon, Chief Financial Officer SUBJECT: Consideration of Authorizing the General Manager to Execute the Agreement Regarding APN# 019-770-002-000. APPROVED BY: Z_ Brian C. Wright, General Manager RECOMMENDATION: A. Determine that the waiver of current Penalty and Interest for APN# 019-770-002-000 agreement complies with the requirements of Government Code section 53340(f), and B. Authorize the General Manager to execute the Agreement regarding APN# 019-770- 002-000 (Attachment 1); accepting full payment for all installment special tax amounts past due, in exchange for waiving current Penalty and Interest amounts BACKGROUND: In 2004 and 2005, the Truckee Donner Public Utility District (TDPUD) Community Facilities District (CFD) No. 04-1 (Gray's Crossing) issued special tax bonds (Bonds) totaling $15,375,000. The Bonds were issued to construct and acquire various public improvements needed with respect to the development within Gray's Crossing, to fund the Reserve Account securing the Bonds, to fund capitalized interest on the Bonds, and to pay the costs of issuance of the Bonds. The CFD is a Mello-Roos CFD and the Bond's debt is repaid by a Mello-Roos special tax assessment. The tax is only applied to parcel owners of the CFD. It is an additional line item on property tax bills each year, with installments due with property taxes (December and April). The Bonds are limited obligations of CFD payable solely from the special tax. TDPUD has no financial obligation regarding CFD's debt. As the Bonds are currently issued, the special tax runs through 2035, corresponding with the last debt payment. The vast majority of 407 parcels in the CFD have been paying their respective annual special tax amounts and are current. However, there are three undeveloped parcels with significant installment delinquency amounts, and have incurred significant penalties and interest charges due to the delinquencies. Regarding the three undeveloped parcels that have significant installment delinquency Page 1 of 5 Page 153 of 234 amounts, and have incurred significant penalties and interest charges due to the delinquencies. The table below summarizes the current delinquency amounts. Assessor Parcel Special Tax Parcel Owner Number(APN) Installments Penalties Interest Total Siddiqui 019-770-002-000 $ 2,965,488 $ 296,563 $ 3,091,274 '', $ 6,353,325 Siddiqui 043-010-005-000 $ 1,413,758 $ 144,948 $ 1,612,403 $ 3,171,110 DKALVISO 043-010-007-000 i $ 2,409,375 $ 240,937 $ 2,812,002 $ 5,462,314 Totals,as of 4/3 012 0 2 5 ' $ 6,788,621 $ 682,449 $ 7,615,679 $ 14,986,749 Penalties and Interest Total $ 8,198,126 Siddiqui full owner name is Siddiqui Family Partnership, L.P DK ALVISO full owner name is DK Alivso LLC The referenced parcels have Mello-Roos tax assessment delinquencies beginning in 2009 through current. In 2020, the parcels were purchased in tax sales, with proceeds applied to current year's special tax delinquency amounts by Nevada County. The current owners assumed all past due amounts. The parcels cannot be developed without settlement of amounts due to the CFD. For the DK Alviso parcel, the Board approved an agreement on January 5, 2022, an agreement 24-month extension on June 7, 2022, and an 18-month extension on June 5, 2024. The new buyer, developer Paradigm8, is in the final stages of permitting approvals with the Town of Truckee. In October 2024, Siddiqui Family Partnership, L.P., the owner of parcel APN # 019-770- 002-000, had a potential buyer, Soldier Creek LLC, for the 019-770-002-000 property, which could have solved the delinquent tax problem. The Board approved an agreement on October 2, 2024, with this potential buyer. However, the buyer declined to continue the transaction. In November 2024, Siddiqui Family Partnership, L.P., the owner of parcel APN # 043- 010-005-000, had a potential buyer, Soldier Creek LLC, for the 043-010-005-000 property, which could have solved the delinquent tax problem. The Board approved an agreement on November 6, 2024, with this potential buyer. However, the buyer declined to continue the transaction. ANALYSIS AND BODY: Currently, Siddiqui Family Partnership, L.P., the owner of parcel APN # 019-770-002- 000 has a new potential buyer, Hartford Land Management, for the 019-770-002-000 property, which could solve the delinquent tax problem. Further details on amounts owed for this parcel are as follows: Details of parcel APN# 019-770-002-00 are as follows: Page 2 of 5 Page 154 of 234 Special Tax Item Installments Penalties Interest Total Judgement Total1/612021 (all priortaxyears) $ 1,782,517.87 $ 178,265.77 $ 1,704,245.02 $ 3,665,028.66 Interest on Judgement(Judgement Date 11612021 to 413012025)(S21,584.931month) 1,100,831.43 1,100,831.43 11112021 413012025 51 Delinquent tax year2020/2021 149,383,38 14,938.34 100,833.78 265,155.50 Interest Jut'2021 to Apr'2025 7/1/2021 413012025 45 Delinquent tax year202112022 151,798.74 15,179.87 75,140.38 242,118.99 Interest Ja 2022 to Apr'2025 71112022 413012025 33 Delinquent tax year202212023 238,877.16 23,887.72 75,246.31 338,011.19 Interest Jul'2023 to Apr'2025 71112023 413012025 21 Delinquent tax year2023/2024 259,090.70 25,909.07 34,977.24 319,977.01 Interest J012024 to Apr'2025 11112024 413012025 9 Delinquent tax year202412025 383,82020 38,382.02 - 422,202.22 Interest NA,starts JuP2025 Totals,as of 4130I2025 (internal use only,estimates) $ 2,965,488.05 $ 296,562.79 $ 3,091,274.16 $ 6,353,325.00 Penalties and Interest Total $ 3,387,836.95 Siddiqui Family Partnership, L.P. has presented CFD (to the District as administrator of CFD) an Agreement (Agreement). The Agreement, in essence, requests in exchange for payment of Installment Amounts past due in full. The CFD waives all accrued Penalties and Interests to date, including the accrued Penalties and Interest included in the Judgment. Siddiqui Family Partnership, L.P., is also the owner of parcel APN # 043-010-005-000, and has the same potential buyer, Hartford Land Management, requesting a similar agreement, which is on the board agenda as a separate item for consideration. The waiver of current penalty and interest amounts due is in the best interest of the owners of the bonds, in that it will lead to the curing of a significant special tax delinquency and facilitate development of the parcel, thereby reducing the likelihood of future special tax delinquencies. The CFD's legal council, Stradling Yocca Carlson & Rauth, has reviewed the Agreement presented by Siddiqui Family Partnership, L.P and made several markup edits. The Agreement with markup edits is presented as Attachment 1. Per council review of CFD formation documents, upon making determinations set forth in Government Code section 53340, the District has the authority to waive all or a portion of penalties and interest, but not the principal special tax/installment amounts. The significant multi-year non-payment of the special tax assessments for approximately 15 years by the three parcels amounts to $5.9 million in unpaid mello- roos taxes. Due primarily to these three parcels not paying each year over the last 15 years, the CFD has had to use reserve funds to make the annual debt service payments. The reserve requirement is $3.32 million, and the current balance is $1.9 million. The reserve balance is not sufficient to make-whole through end of bonds term in 2035, falling several years short. Further details related to the reserve account are provided as Attachment 2. The address of the parcel is 11163 China Camp Road, and is often referred to as Lot B or Cottages Parcel. The parcel is 14.76 acres per county assessor and is generally Page 3 of 5 Page 155 of 234 located across the street and north of Alder Creek Middle School. Below in red are the three significant delinquent parcels locations. a Siddi Church ACMS � I fi e p; !n U w� E a eke, I. Hinton Ln `� I-043 oobat is$� .� California Government Code section 53340(f) is provided as Attachment 3. The code section specifies the following: (f)(1)Notwithstanding subdivision(e),the legislative body of the district may waive all or any specified portion of the delinquency penalties and redemption penalties if it makes all of the following determinations: (A)The waivers shall apply only to parcels delinquent at the time of the determination. (B)The waivers shall be available only with respect to parcels for which all past due and currently due special taxes and all other costs due are paid in full within a limited period of time specified in the determination. (C)The waivers shall be available only with respect to parcels sold or otherwise transferred to new owners unrelated to the owner responsible for the delinquency. (D)The waivers are in the best interest of the debtholders. Additional information on CFD 04-1 Grays Crossing is provided in Attachment 4 Annual Report for FY24-25 and Attachment 5 Continuing Disclosure Report for FY23-24. GOALS AND OBJECTIVES: Page 4of5 Page 156 of 234 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 4. Take the best of private sector thinking to modernize the utility and add value to our communities. FISCAL IMPACT: There is no financial impact on Truckee Donner Public Utility District's Electric Utility or Water Utility, nor each utility's respective customers. For the CFD, receiving the Installment Amount of $2,965,488.05 would increase cash for the CFD, replenish the Reserve balance, and decrease accounts receivable. For the CFD, billed but not collected, penalties of $296,562.79 and interest of approximately $3,091,274.16 would not be collected. The probability of collecting said amounts with a current or future owner is considered very low. The Penalties and Interest amounts are recorded on a cash basis, so there would be no financial impact on CFD's current financial statements regarding Income and Expenses related to Penalties and Interest. Going forward, with the receipt of$2,965,488.05 and write-off of all past to current Penalties and Interest, the parcel can move forward with development/improvements to the parcel. With said development, the parcel's value increases, and the CFD retains full rights to foreclose on the parcel if the parcel becomes delinquent on special taxes. ATTACHMENTS: 1. GC HLM Agreement APN 019-770-002-000 2. CFD 04-1 Grays Crossing Significant Event 9.1.24 Reserve Draw-To Client 3. Cal Gov Code § 53340 4. FY2425 CFD 04-1 Annual Report - To Client 5. FY2324 TDPUD CFD 04-1 Continuing Disclosure - Final Page 5 of 5 Page 157 of 234 GRAY'S CROSSING AGREEMENT This GRAY'S CROSSING PARCEL AGREEMENT("Agreement")dated for reference purposes only as of , 2025, is made by and between the Truckee Donner Public Utility District, a public utility district ("District"), Siddiqui Family Partnership, LP ("Owner"), and Harford Land Management ("Buyer"). District, Owner, and Buyer are collectively referred to herein as the "Parties". RECITALS A. Owner has entered into a binding purchase and sale agreement ("PSA") Buyer for that certain property located in the Town of Truckee ("Town"), County of Nevada, State of California, known as Assessor's Parcel Number 019-770-002-000, commonly known as Lot "B" at Gray's Crossing Phase 1, at 1163 China Camp Road, Truckee, California, and described in Exhibit A attached hereto ("Property"). B. Such PSA would require Buyer at the close of escrow to assume all existing delinquent Mello-Roos special tax liabilities associated with Community Facilities District No. 04-1(Gray's Crossing) (the "CFD") and applicable to the Property. C. The District's Board of Directors, formed the CFD under the provisions of the Mello- Roos Community Facilities Act of 1982, as amended, being Chapter 2.5, Part 1, Division 2, Title 5, of the Government Code of the State of California. District is authorized to levy special taxes upon land within the CFD,including the Property,and has issued one or more series of bonds to provide financing for infrastructure and other public capital improvements to be owned and operated by District. D. On October 4, 2010, the District filed an action in the Nevada County Superior Court, Case No. TCU10-4288C (the "Action"), foreclosing on the special tax lien against the property, obtaining a Judgment of Foreclosure and Order of Sale on April 7, 2011. The Judgment was amended on January 12, 2021, and the total amount of the Judgment is currently $3,697, 328.10, which includes penalties and interest through that date. (the "Judgment Amount"). On September 13, 2024, granted the District's Motion to Amend the Judgment to include additional delinquencies, penalties, and interest in the amount of$1,078,252.74, for an amended judgment amount of$4,775,580.84. E. The District acknowledges that Buyer would not close escrow and acquire the Property but for the District's agreement to waive all applicable penalties and interest upon payment of the Principal Amount pursuant to the terms and conditions set forth below. NOW,THEREFORE,based on the terms and conditions herein set forth,the Parties agree as follows: AGREEMENT 2. Payment of Delinquencies and Forgiveness of Penalties and Interest. In accordance with Escrow Instructions provided to the escrow officer, at the close of the Escrow associated with Buyer's purchase of the Property, Buyer shall pay to District all amounts necessary to both (a) satisfy the judgment(s) obtained by or on behalf of the District related to the delinquent special 1 4934-0495-1852v1/022925-0020 Page 158 of 234 taxes less the applicable penalties and interest associated therewith that are forgiven pursuant to the remainder of this Section 2 ("Principal Amount") and(b) any currently due special taxes, less applicable penalties and interest. Upon such payment, District shall immediately waive all applicable penalties and interest to the maximum extent permitted by law. As of April 10, 2025, the Principal Amount totals $2,965,488.05 and applicable penalties and interest that the District agrees to waive, total $3,387,836.95. The Parties acknowledge that the Principal Amount as well as the applicable penalties and interest will increase before Buyer's payment pursuant to the terms and conditions of this Agreement. District hereby agrees that in exchange for Buyer's payment of the Principal Amount and any currently due special taxes, District shall waive all applicable penalties and interest accruing with respect to special taxes that were delinquent at the time of Buyer's acquisition of the Property until such time as the Principal Amount and any currently due special taxes are paid pursuant to the terms and conditions of this Agreement. Buyer hereby represents to District that as of the Effective Date, Buyer is not responsible for any portion of the delinquencies or applicable penalties and interest attributable thereto as described herein. 3. Satisfaction of Judgment. In consideration for the payment of the Principal Amount and the promises and covenants contained herein, within ten (10) business days of the receipt of the funds representing the total Principal Amount by the District, the District shall and record an Acknowledgment of Satisfaction of Judgment in the Nevada County Superior Court. 4. Representations and Warranties. A. Owner represents and warrants to the District that it and all affiliated and related entities, and their respective agents, officers, directors, shareholders,members, managers, employees, attorneys, insurers, subsidiaries,predecessors, successors, are unrelated and unaffiliated with Buyer. B. Buyer represents and warrants to the District that it and all affiliated and related entities, and their respective agents, officers, directors, shareholders,members, managers, employees, attorneys, insurers, subsidiaries,predecessors, successors, are unrelated and unaffiliated with Owner. 5. District Findings. By its approval of this Agreement, the Board of Directors of District hereby finds and determines that: (a) the waiver of all applicable penalties and interest described herein shall apply only to the Property and the special tax applicable to the Property that was delinquent at the time of the Buyer's acquisition of the Property; (b) such waiver shall only be available to the Property at such time as the Principal Amount and currently due special taxes and all other costs (excluding all applicable penalties and interest) are paid in full, which shall occur within the time periods described in Sections 6 below; (c) the Property will have been sold or otherwise transferred to new owners unrelated to the owner(s)responsible for the delinquencies as of the Effective Date; and (d) said waiver is in the best interest of the owners of the bonds in that it will result in the curing of a significant special tax delinquency and facilitate development of the Property thereby reducing the likelihood of future special tax delinquencies. 6. Limitations. Nothing contained in this Agreement is intended in any way to limit District's ability to continue to diligently pursue foreclosure proceedings until the delinquent special taxes applicable to the Property are paid. 4934-0495-1852v1/022925-0020 Page 159 of 234 7. Effective Date. This Agreement shall become effective upon the date of the last signature below. 8. Term. The term of this Agreement shall be six (6) months ("Term"),If the escrow associated with Buyer's purchase of the Property has not closed by the end of the Term and the District has not received payment of the Principal Amount, all Parties' obligations under the Agreement cease, other than those obligations that are specified to survive the Term. 9. Waiver. Waiver by a party of any of the covenants or agreements herein contained on the part of the other party to be kept or performed shall not be construed as constituting a waiver of the same or of any other covenant as to breach or default subsequently arising or as the waiver of a subsequent breach of any of the covenants hereunder. 10. Remedies Cumulative. The rights and remedies of each party under this Agreement are cumulative and not exclusive of any rights or remedies to which such party is entitled by law. The exercise by a party of any right or remedy under this Agreement or under applicable law will not preclude such party from exercising any other right or remedy under this Agreement or to which the Parties are entitled by law. 11. Binding on Heirs and Successors. This Agreement shall be binding on and shall inure to the benefit of the heirs, executors, administrators, successors and assigns of the Parties hereto. 12. Costs of Dispute. In the event of a dispute arising from or relating to the terms of this Agreement or the breach hereof,the party prevailing in such dispute shall be entitled to recover all expenses, including, without limitation, reasonable attorneys' fees and expenses, incurred in ascertaining such party's rights, in preparing to enforce, and in enforcing such party's rights under this Agreement, whether or not it was necessary for such party to institute adjudicatory proceedings. Expenses shall include but not be limited to, court costs as well as consultants' and experts' fees and costs. 13. Notices.Except as otherwise expressly provided by law,any and all notices or other communication required or permitted by this Agreement or by law to be served on or given to either party hereto by the other party hereto shall be in writing and shall be deemed duly served and given when personally delivered to the party to whom it is directed, sent by facsimile transmission, sent via electronic message to the party's email address(es) set forth below, or when deposited in the United States mail, first-class postage prepaid, addressed as follows. If not sent via electronic message originally, any notice or other communication must also be sent via electronic message to the party's email address(es) set forth below. District: Truckee Donner Public Utility District 11570 Donner Pass Rd., Truckee, CA 96161 Attn: Michael R. Salmon, Chief Financial Officer Email: michaelsalmon@tdpud.org 4934-0495-1852v1/022925-0020 Page 160 of 234 Owner: Siddiqui Family Partnership, L.P. 1808 J Street, Sacramento, CA 95811 Attn: Javed T. Siddiqui, General Partner Email: Javed.Siddiqui@JTSEngineering.com Buyer: Hartford Land Management 5525 Oak Hills Court Carmichael, CA 95608 Attn: Cameron Stewart Email: Cameron@HartfordLandMan.com Either party may change their address for the purpose of this paragraph by giving written notice of such change to the other party in the manner provided in this paragraph. 14. Time. Time is of the essence of this Agreement and each and all of its provisions in which performance is a factor. 15. No Joint Venture or Partnership. Nothing contained in this Agreement is intended or should be construed to create a partnership or joint venture relationship between the Parties. 16. Entire Agreement. This instrument contains the entire agreement of the Parties relating to the rights granted and obligations assumed in this Agreement. Any oral representations or modifications concerning this instrument not contained herein shall be of no force or effect unless contained in a subsequent written modification signed by the party to be charged. 17. Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original,but all of which,together, shall constitute but one and the same instrument. An electronic, digital, or facsimile signature shall be deemed an original signature. 18. Further Assurances. Each party agrees that it will execute and acknowledge such documents reasonably requested by the other to carry out the terms, purposes, and intent of this Agreement. 19. Governing Law. This Agreement shall be construed and interpreted in accordance with the laws of the State of California. 20. Interpretation. Notwithstanding the fact that one or more provisions of this Agreement may have been drafted by one of the Parties to this Agreement, such provisions shall be interpreted as though they were the product of a joint drafting effort and no provision shall be interpreted against a party on the ground that said party was solely or primarily responsible for drafting the language to be interpreted. 21. Exhibits and Recitals. The exhibits attached to this Agreement and the Recitals are made a part of this Agreement by this reference. 4934-0495-1852v1/022925-0020 Page 161 of 234 The Parties hereto have executed this Agreement on the dates written opposite the signatures of the Parties below. District TRUCKEE DONNER PUBLIC UTILITY DISTRICT, a Dated: , 2025 By: Its: Owner Dated: , 2025 By: Its: Buyer Dated: , 2025 By: Its: 4934-0495-1852v1/022925-0020 Page 162 of 234 Exhibit A Legal Description of Property Real property in the Town of Truckee,County of Nevada, State of California,described as follows: Lot "B" as shown on the Map of"Gray's Crossing - Phase 1" filed in the Office of the Nevada County Recorder on November 9, 2004 in Book 8 of Subdivisions, Page 125. APN: 019-770-002-000 4934-0495-1852v1/022925-0020 Page 163 of 234 TRUCKEE DONNER PUBLIC UTILITY DISTRICT Community Facilities District No. 04-1 (Gray's Crossing) Special Tax Bonds Series 2004 $1573757000 Dated: September 14, 2004 Series 2005 $1971557000 Dated: July 13, 2005 Nevada County, California Base CUSIP+: 897817 NOTICE OF SIGNIFICANT EVENT SEPTEMBER 1, 2024 W I LLDAN +Copyright,American Bankers Association. CUSIP data is provided by CUSIP Global Services(formerly known as CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc.), which is managed on behalf of the American Bankers Association by S&P Global Market Intelligence. This data is not intended to create a database and does not serve in any way as a substitute for the CUSIP service. The issuer takes no responsibility for the accuracy of such number. Page 164 of 234 1►Y W I LMAN LIST OF PARTICIPANTS TRUCKEE . . www.tdpud.org Michael Salmon DISTRICT Chief Financial Officer and Treasurer 11570 Donner Pass Road Truckee, California 96160 (530) 582-3959 ADMINISTRATION DISCLOSURE • DISSEMINATION Willdan Financial Services* UNDERWRITER Temecula, California 92590 (951) 587-3500 www.Willdan.com UBS Financial Services Inc. BOND COUNSEL Stradling Yocca Carlson & Rauth The Bank of New York Mellon Corporate Trust Los Angeles, California In its role as Disclosure Consultant and Dissemination Agent,Willdan Financial Services has not passed upon the accuracy, completeness or fairness of the statements contained herein. Page 165 of 234 W WI LLDAN L INTRODUCTION Pursuant to Official Statements dated August 31, 2004 and June 21, 2005, respectively, the Truckee Donner Public Utility District ("TDPUD") Community Facilities District No. 04-1 (Gray's Crossing) 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 TDPUD, Community Facilities District No. 04-1 ("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 Series 05 Bonds were issued on parity with the Series 04 Bonds. The District is located in Nevada County in the town of Truckee, California. Truckee lies just north of the Lake Tahoe Basin; however, due to its location, proximity and recreational orientation, it is identified as a Lake Tahoe community. Truckee is located on Interstate 80 near the California - Nevada State line. 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, on both the east and the west sides of Highway 89. The District is developing into a mountain resort community that was originally planned at the time of formation to include 408 single-family lots, 89 freestanding cottages, 115 attached townhomes, 21 residential lofts, 40,700 square feet of commercial and community space, as well as on-site amenities. The development in the District is known as "Gray's Crossing." 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 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. The Bonds are limited obligations of the District payable solely from Net Taxes pledged and from certain other amounts held in the Special Tax Fund pursuant to the Indenture. The faith and the credit of neither the District, TDPUD, the State of California nor any political subdivision thereof is pledged to the payment of the principal of, premium, if any, or interest of the bonds. The issuance of the Bonds shall not directly, indirectly or contingently obligate the District, TDPUD, the State of California or any political subdivision thereof to levy or pledge any form of taxation whatsoever other than the Special Taxes, or to make any appropriation for their payment other than from Net Taxes and from certain other amounts held in the Special Tax Fund. Securities and Exchange Commission ("SEC") Rule 15c-2-12 (the "Rule") requires that for tax-exempt financings after July 3, 1995, borrowing agencies are required to make certain annual and periodic reports, and disclose certain listed events if material. This Notice of Significant Event is being provided for the benefit of the holders of the Bonds. CFD 04-1 Gray's Crossing 1 Page 166 of 234 1VW1 LLDAN /Z NOTICE OF SIGNIFICANT EVENT- UNSCHEDULED DRAW ON DEBT SERVICE RESERVES On September 1, 2024, a draw on the Reserve Fund for $243,925.93 was performed in order to pay the September 1, 2024 Debt Service Payment on the Bonds. The District had insufficient funds to make the full debt service payment of $1,967,007.50 on Series 2004 and Series 2005 Bonds. The remaining amount in the Reserve Fund as of September 2, 2024 will be approximately $1,872,822.83. The unscheduled draw is due to a consistently high delinquency rate in the District. The overall delinquency rate is approximately 15.46%. TDPUD is working with a Foreclosure Attorney to cure the delinquencies. Presently, nine (9) parcels are in a position to be forwarded to the Foreclosure Attorney once the Resolution has been passed by the board at a meeting scheduled on September 4, 2024. This Notice of Significant Event may contain information material to Bond owners and does not purport to contain all material information with respect to the Bonds or the financial condition of TDPUD or the District. The information set forth herein has been furnished by TDPUD and by sources, which are believed to be accurate and reliable but is not guaranteed as to accuracy or completeness. Statements contained in this Notice of Significant Event which involve estimates, forecasts, or other matters of opinion, whether or not expressly so described herein, are intended solely as such and are not to be construed as representations of fact. Further, the information and expressions of opinion contained herein are subject to change without notice and the delivery of this Notice of Significant Event Statement will not, under any circumstances, create any implication that there has been no change in the affairs of TDPUD or any other parties described herein. CFD 04-1 Gray's Crossing 2 Page 167 of 234 Cal Gov Code q 53340 Deering's California Codes are current through the 2024 Regular Session Ch 210 Deering's California Codes Annotated > GOVERNMENT CODE(§§ 1— 500000-500049) > Title 5 Local Agencies (Dies. 1 — 5) > Division 2 Cities, Counties, and Other Agencies (Pts. 1 — 3) > Part 1 Powers and Duties Common to Cities, Counties, and Other Agencies (Chs. 1— 14) > Chapter 2.5 The Mello-Roos Community Facilities Act of 1982 (Arts. 1— 6) > Article 4 Procedures for Levying (§§ 53340— 53344.4) § 53340. Levy of special tax (a) After a community facilities district has been created and authorized to levy specified special taxes pursuant to Article 2 (commencing with Section 53318), Article 3 (commencing with Section 53330), or Article 3.5 (commencing with Section 53339), the legislative body may, by ordinance, levy the special taxes at the rate and apportion them in the manner specified in the resolution adopted pursuant to Article 2 (commencing with Section 53318),Article 3 (commencing with Section 53330), or Article 3.5 (commencing with Section 53339). After creation of a community facilities district that includes territory proposed for annexation in the future by unanimous approval as described in subdivision (b)of Section 53339.3, the legislative body may, by ordinance, provide for the levy of special taxes on parcels that will be annexed to the community facilities district at the rate or rates to be approved unanimously by the owner or owners of each parcel or parcels to be annexed to the community facilities district and for apportionment and collection of the special taxes in the manner specified in the resolution of formation. (b) The legislative body may provide, by resolution, for the levy of the special tax in the current tax year or future tax years at the same rate or at a lower rate than the rate provided by the ordinance, if the resolution is adopted and a certified list of all parcels subject to the special tax levy including the amount of the tax to be levied on each parcel for the applicable tax year, is filed by the clerk or other official designated by the legislative body with the county auditor on or before the 10th day of August of that tax year. The clerk or other official designated by the legislative body may file the certified list after the 10th of August but not later than the 21st of August if the clerk or other official obtains prior written consent of the county auditor. (c) Properties or entities of the state, federal, or local governments shall, except for properties that a local agency is a landowner of within the meaning of subdivision (f)of Section 53317, or except as otherwise provided in Section 53317.3, be exempt from the special tax. In a community facilities district, or in an improvement area therein, in which the levy of a special tax is authorized by an ordinance adopted on or after January 1, 2020, a property receiving a welfare exemption under subdivision (g)of Section 214 of the Revenue and Taxation Code shall be exempt from the special tax unless debt is outstanding and the property was subject to the special tax prior to receiving the exemption, in which case the property shall remain subject to the special tax and the special tax shall be enforceable against the property. However, whether or not the resolution of formation that authorized creation of the district specified conditions under which the obligation to pay a special tax may be prepaid and permanently satisfied, the legislative body of the local agency that created the district may, by resolution, specify additional or different conditions under which the property receiving the welfare exemption may prepay and satisfy the obligation to pay the special tax. The conditions may be specified only if the legislative body of the local agency that created the district finds and determines that the prepayment arrangement will not, in and of itself, adversely affect the ability of the district to make scheduled payments on debt as such payments become due. No other properties or entities are exempt from the special tax unless the properties or entities are expressly exempted in the resolution of formation to establish a district adopted pursuant to Section 53325.1 or in a resolution of consideration to levy a new special tax or special taxes or to alter the rate or method of apportionment of an existing special tax as provided in Section 53334. Page 168 of 234 Cal Gov Code § 53340 (d) The proceeds of any special tax may only be used to pay, in whole or part, the cost of providing public facilities, services, and incidental expenses pursuant to this chapter. (e) The special tax shall be collected in the same manner as ordinary ad valorem property taxes are collected and shall be subject to the same penalties and the same procedure, sale, and lien priority in case of delinquency as is provided for ad valorem taxes, unless another procedure has been authorized in the resolution of formation establishing the district and adopted by the legislative body. (f) (1) Notwithstanding subdivision (e), the legislative body of the district may waive all or any specified portion of the delinquency penalties and redemption penalties if it makes all of the following determinations: (A) The waivers shall apply only to parcels delinquent at the time of the determination. (B) The waivers shall be available only with respect to parcels for which all past due and currently due special taxes and all other costs due are paid in full within a limited period of time specified in the determination. (C) The waivers shall be available only with respect to parcels sold or otherwise transferred to new owners unrelated to the owner responsible for the delinquency. (D) The waivers are in the best interest of the debtholders. (2) The charges with penalties to be waived shall be removed from the tax roll pursuant to Section 53356.2 and local administrative procedures, and any distributions made to the district prior to collection pursuant to Chapter 3 (commencing with Section 4701) of Part 8 of Division 1 of the Revenue and Taxation Code shall be repaid by the district prior to granting the waiver. (g) The tax collector may collect the special tax at intervals as specified in the resolution of formation, including intervals different from the intervals determining when the ordinary ad valorem property taxes are collected. The tax collector may deduct the reasonable administrative costs incurred in collecting the special tax. (h) All special taxes levied by a community facilities district shall be secured by the lien imposed pursuant to Section 3115.5 of the Streets and Highways Code. This lien shall be a continuing lien and shall secure each levy of special taxes. The lien of the special tax shall continue in force and effect until the special tax obligation is prepaid, permanently satisfied, and canceled in accordance with Section 53344 or until the special tax ceases to be levied by the legislative body in the manner provided in Section 53330.5. If any portion of a parcel is encumbered by a lien pursuant to this chapter, the entirety of the parcel shall be encumbered by that lien. History Added Stats 1982 ch 1451 § 1. Amended Stats 1984 ch 269 §26, effective July 3, 1984; Stats 1986 ch 1102 § 33, effective September 24, 1986; Stats 1987 ch 1440 5 8.5; Stats 1988 ch 1365 S 13; Stats 1989 ch 128 S 1, effective July 11, 1989; Stats 1991 ch 1110,�20(SB 682); Stats 1997 ch 946�2 (AB 1224); Stats 2007 ch 6706 91 (AB 373), effective January 1, 2008; Stats 2013 ch 219§ 6 (SB 692), effective January 1, 2014; Stats 2019 ch 665§ 1 AB( 1743), effective January 1, 2020; Stats 2020 ch 371 § 17(SB 1473), effective January 1, 2021. Deering's California Codes Annotated Copyright©2024 All rights reserved. End of Document Page 169 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Fiscal Year 2024/25 Annual District Administration Report 27368 Via Industria Suite 200 Temecula,CA 92590 T 951.587.3500 1 800.755.6864 F 951.587.3510 1 888.326.6864 Property Tax Information Line T.866.807.6864 NVWILLDAN www.wilidan.com Page 170 of WVILLDAN ANNUAL DISTRICT ADMINISTRATION REPORT FISCAL YEAR 2024/25 TRUCKEE DONNER PUD COMMUNITY - No. - • CROSSING) 0 c� L a Q3 �°gym i trx►�'��' repared for repared . TRUCKEE DONNER PUD WILLDAN FINANCIAL SERVICES 11570 Donner Pass Road 27368 Via Industria, Suite 200 Truckee, CA 96161 Temecula, CA 92590 T. (951) 587-3500 (800) 755-6864 F. (951) 587-3510 (888) 326-6864 Property Tax Information Line T. 866.807.6864 Page of 4 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 L LEVY SUMMARY OVERVIEW A. FISCAL YEAR 2024/25 LEVY AMOUNTS B. FISCAL YEAR 2024/25 HANDBILL AMOUNTS IL FINANCIAL OBLIGATIONS A. FISCAL YEAR 2024/25 LEVY COMPONENTS B. PREPAYMENTS C. HISTORICAL BOND CALL SUMMARY Ill. DELINQUENCY AND FORECLOSURE STATUS A. DELINQUENCY SUMMARY B. FORECLOSURE COVENANT C. DELINQUENCY MANAGEMENT ACTIONS IV. SPECIAL TAX LEVY AND METHOD OF APPORTIONMENT OF SPECIAL TAX 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 2024/25 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 Page 172 of 234 lIV W I LLDAN 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 Truckee Donner PUD Page 11 Community Facilities District No. 04-1 (Gray's Crossing) November 2024 Page 173 of 234 lIV W I LLDAN 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 2024/25 LEVY AMOUNTS The following table summarizes the amounts levied (including handbilled/direct billed charges) for Fiscal Year 2024/25 for the District. Parcel Count Charge Amount 425 $3,433,203.06 B. FISCAL YEAR 2024/25 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 2024/25 for the District. Parcel Count Charge Amount 0 $0.00 Truckee Donner PUD Page 12 Community Facilities District No. 04-1 (Gray's Crossing) November 2024 Page 174 of 234 lIV W I LLDAN IL FINANCIAL OBLIGATIONS A. FISCAL YEAR 2024/25 LEVY COMPONENTS The following table summarizes the financial obligations of the District. Uses of Funds Amount 2004 Principal $620,000.00 2004 Interest 630,325.00 2005 Principal 770,000.00 2005 Interest 692,095.00 Administrative Costs 104,530.24 Adjustments Applied to the Levy— Addition/(Credit) 616,256.92 Total •e Amount Levied $3,433,207.16 (1)Slight variance to actual"Charge Amount'in Section(1)(A)above due to rounding. FOR DETAILED INFORMATION REGARDING BOND(S) ISSUED FOR THIS DISTRICT, PLEASE REFER TO EXHIBIT D (DEBT SERVICE SCHEDULE) OF THIS REPORT. B. PREPAYMENTS During Fiscal Year 2023/24, there was zero (0) parcels that prepaid their special tax obligation. APN Prepayment Total N/A $0.00 Prepayment Total 00 (1) Total prepayment amount including but not limited to, reserve credit, redemption amount and premium, investment earnings and administrative fees. Truckee Donner PUD Page 13 Community Facilities District No. 04-1 (Gray's Crossing) November 2024 Page 175 of 234 W I LLDAN C. HISTORICAL BOND CALL SUMMARY The following table summarizes historical bond calls performed to date. Date of Call Bondissue Amount Source of Funds 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 September 1, 2023 Series 2004 20,000.00 Prepayments September 1, 2023 Series 2005 25,000.00 Pre a ments Total Bond Call to Date $320,000.00 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 June 30, 2024. Summary for Cumulative Summary for Most Recent Fiscal Year All Years with Delinquencies $613,720.24 F 20.24% $5,969,317.32 15.48% 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 Truckee Donner PUD Page 14 Community Facilities District No. 04-1 (Gray's Crossing) November 2024 Page 176 of 234 W I LLDAN 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 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, 2023. Date Performed Number of Parcels SB1471 August 30, 2023 9 Strip Confirmation September 5, 2023 9 Request Removal from County Tax Roll September 5, 2023 9 Reminder Letter March 21 , 2024 8 Reminder Letter June 10, 2024 29 Demand Letter June 10, 2024 4 SB1471 September 16, 2024 9 Request Removal from County Tax Roll October 1, 2024 9 Strip Confirmation October 1, 2024 9 Foreclosure Request October 1, 2024 9 IV. SPECIAL TAX LEVYAND METHOD OF APPORTIONMENT OF SPECIAL TAX The methodology employed to calculate and apportion the special tax is in accordance with the document entitled Rate and Method of Apportionment of Special Tax ("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 OF SPECIAL TAX Pursuant to Section E of the RMA, commencing with Fiscal Year 2004/05 and for each following fiscal year, the Council shall determine the Special Tax Truckee Donner PUD Page 15 Community Facilities District No. 04-1 (Gray's Crossing) November 2024 Page 177 of 234 W I LLDAN 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 (II) FINANCIAL OBLIGATIONS ABOVE). 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 Truckee Donner PUD Page 16 Community Facilities District No. 04-1 (Gray's Crossing) November 2024 Page 178 of 234 W I LLDAN 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. i Land Use Classification of Applied Special Dollars Parcels Tax Rate per Levied Tax Zone 1 Milk Less than 8,000 SF 0 $0.00 $0.00 8,000-12,000 SF 0 $0.00 0.00 12,001-14,000 SF 5 $4,160.64 20,803.20 14,001-16,000 SF 40 $4,309.24 172,369.60 16,001-18,000 SF 29 $4,457.84 129,277.36 18,001-20,000 SF 14 $4,606.42 64,489.88 20,001-22,000 SF 3 $4,755.02 14,265.06 Greater than 22,000 3 $4,903.62 14,710.86 Special - 1 (1) 1 $8,767.08 8,767.08 Special - 2 (2) 1 $9,361.46 9,361 .46 Zone 1 Total 96 $434,044.50 Tax Zone 2 Single Family Attached 41 $2,674.70 $117,686.82 Less than 8,000 SF 0 $0.00 0.00 8,000-12,000 SF 1 $5,015.06 5,015.06 12,001-14,000 SF 5 $5,200.80 26,004.00 14,001-16,000 SF 88 $5,386.54 474,015.52 16,001-18,000 SF 73 $5,572.30 406,777.90 18,001-20,000 SF 38 $5,758.04 218,805.52 20,001-22,000 SF 26 $5,943.78 154,538.28 Greater than 22,000 40 $6,129.52 245,180.80 Golf Course Property1 3 $2,172.76 148,594.72 Golf Course Property2 3 $721.02 148,594.72 Zone 2 Total 318 $1,945,213.34 Undeveloped Undevelo ed $26,004.08 $1,053,945.22 Total - i 0. (1)The Special-1 Land Use Classification consists of 2 combined lots.One lot is in the 14,001-16,000 SF category and one lot is in the 16,001-18,000 SF category. (2)The Special—2 Land Use Classification consists of 2 combined lots.One lot is in the 18,001-20,000 SF category and one lot is in the 20,001-22,000 SF category. Truckee Donner PUD Page 17 Community Facilities District No. 04-1 (Gray's Crossing) November 2024 Page 179 of 234 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. 2024/25 2024/25 AssignedMaximum Land Use Classification . . Special Maximum Special Tax Rate Tax Zone 1 Less than 8,000 SF $2,674.71 $0.00 0.00% 8,000-12,000 SF $4,012.06 $0.00 0.00% 12,001-14,000 SF $4,160.65 $4,160.64 100.00% 14,001-16,000 SF $4,309.25 $4,309.24 100.00% 16,001-18,000 SF $4,457.84 $4,457.84 100.00% 18,001-20,000 SF $4,606.44 $4,606.42 100.00% 20,001-22,000 SF $4,755.03 $4,755.02 100.00% Greater than 22,000 $4,903.63 $4,903.62 100.00% Special - 1 (2) $8,767.09 $8,767.08 100.00% Special - 2 (3) $9,361.47 $9,361.46 100.00% Tax Zone 2 Single Family Attached $2,674.71 $2,674.70 100.00% Less than 8,000 SF $2,674.71 $0.00 0.00% 8,000-12,000 SF $5,015.07 $5,015.06 100.00% 12,001-14,000 SF $5,200.82 $5,200.80 100.00% 14,001-16,000 SF $5,386.56 $5,386.54 100.00% 16,001-18,000 SF $5,572.30 $5,572.30 100.00% 18,001-20,000 SF $5,758.05 $5,758.04 100.00% 20,001-22,000 SF $5,943.79 $5,943.78 100.00% Greater than 22,000 $6,129.53 $6,129.52 100.00% Golf Course Property1 $2,172.76 $2,172.76 100.00% Golf Course Property2 $721.02 $721.02 100.00% Undeveloped Undeveloped $26,004.08 $26,004.08 100.00% (1) 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. (2)The Special- 1 Land Use Classification consists of 2 combined lots. One lot is in the 14,001-16,000 SF category and one lot is in the 16,001-18,000 SF category. (3)The Special—2 Land Use Classification consists of 2 combined lots.One lot is in the 18,001-20,000 SF category and one lot is in the 20,001-22,000 SF category. Truckee Donner PUD Page 18 Community Facilities District No. 04-1 (Gray's Crossing) November 2024 Page 180 of 234 W I LLDAN D. APPLIED SPECIAL TAX PROGRESSION The following table summarizes the percent change of Fiscal Year 2024/25 Applied Special Tax Rate as compared to Fiscal Year 2023/24 Applied Special Tax Rate. AppliedLand Use Applied Change from SpecialClassification Special Tax Rate Tax Rate Tax Zone Less than 8,000 SF $0.00 $0.00 N/A 8,000-12,000 SF $0.00 $0.00 N/A 12,001-14,000 SF $4,160.64 $4,079.06 2.00% 14,001-16,000 SF $4,309.24 $4,224.74 2.00% 16,001-18,000 SF $4,457.84 $4,370.42 2.00% 18,001-20,000 SF $4,606.42 $4,516.10 2.00% 20,001-22,000 SF $4,755.02 $4,661.78 2.00% Greater than 22,000 $4,903.62 $4,807.46 2.00% Special - 1 (1) $8,767.08 $8,595.18 2.00% Special - 2 (2) $9,361.46 $9,177.90 2.00% Tax Zone 2 Single Family Attached $2,674.70 $2,622.26 2.00% Less than 8,000 SF $0.00 $0.00 N/A 8,000-12,000 SF $5,015.06 $4,916.74 2.00% 12,001-14,000 SF $5,200.80 $5,098.84 2.00% 14,001-16,000 SF $5,386.54 $5,280.94 2.00% 16,001-18,000 SF $5,572.30 $5,463.04 2.00% 18,001-20,000 SF $5,758.04 $5,645.14 2.00% 20,001-22,000 SF $5,943.78 $5,827.24 2.00% Greater than 22,000 $6,129.52 $6,009.35 2.00% Golf Course Property1 $2,172.76 $2,130.15 2.00% Golf Course Property2 $721.02 $706.88 2.00% 1 Undeveloped Undeveloped MMMJ $26,004.08 3.56 48.14% (1)The Special-1 Land Use Classification consists oft combined lots.One lot is in the 14,001-16,000 SF category and one lot is in the 16,001-18,000 SF category. (2)The Special—2 Land Use Classification consists of 2 combined lots.One lot is in the 18,001-20,000 SF category and one lot is in the 20,001-22,000 SF category. Truckee Donner PUD Page 19 Community Facilities District No. 04-1 (Gray's Crossing) November 2024 Page 181 of 234 W I LLDAN EXHIBIT A TRUCKEE DONNER PUD COMMUNITY FACILITIES DISTRICT NO. 04-1 (GRAYS CROSSING Fiscal Year 2024125 Charge Detail Report Page 182 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address • Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Number Value Assessed Value Value Charge 019-370-041-000 NO SITUS AVAILABLE $161,857.00 $42,650.00 $204,507.00 2 GC2 $44,818.52 $44,818.52 019-770-002-000 11163 CHINA CAMP RD 670,125.00 0.00 670,125.00 2 Undeveloped 383,820.21 383,820.20 019-770-003-000 11054 CHINA CAMP RD 317,120.00 907,800.00 1,224,920.00 1 "16,001-18,000" 4,457.84 4,457.84 019-770-004-000 11072 CHINA CAMP RD 324,300.00 0.00 324,300.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-005-000 11092 CHINA CAMP RD 300,751.00 902,256.00 1,203,007.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-006-000 11106 CHINA CAMP RD 191,017.00 0.00 191,017.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-007-000 11122 CHINA CAMP RD 128,283.00 1,232,647.00 1,360,930.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-008-000 11140 CHINA CAMP RD 106,041.00 1,260,760.00 1,366,801.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-009-000 11160 CHINA CAMP RD 238,771.00 0.00 238,771.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-010-000 11184 CHINA CAMP RD 107,219.00 852,399.00 959,618.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-011-000 11208 CHINA CAMP RD 128,283.00 1,171,293.00 1,299,576.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-012-000 11226 CHINA CAMP RD 238,771.00 1,506,915.00 1,745,686.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-013-000 11242 CHINA CAMP RD 185,711.00 0.00 185,711.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-014-000 11229 CHINA CAMP RD 159,181.00 1,951,348.00 2,110,529.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-015-000 11209 CHINA CAMP RD 87,558.00 859,060.00 946,618.00 1 "14,001-16,000" 4,309.25 4,309.24 019-770-016-000 11125 CHINA CAMP RD 30,779.00 0.00 30,779.00 1 "12,001-14,000" 4,160.65 4,160.64 019-770-017-000 11101 CHINA CAMP RD 148,569.00 0.00 148,569.00 1 "12,001-14,000" 4,160.65 4,160.64 019-770-018-000 11083 CHINA CAMP RD 113,400.00 0.00 113,400.00 1 "12,001-14,000" 4,160.65 4,160.64 019-780-001-000 11258 CHINA CAMP RD 72,217.00 879,234.00 951,451.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-002-000 11274 CHINA CAMP RD 34,402.00 0.00 34,402.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-003-000 11290 CHINA CAMP RD 233,465.00 1,459,161.00 1,692,626.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-004-000 11306 CHINA CAMP RD 265,302.00 0.00 265,302.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-005-000 11312 CHINA CAMP RD 283,200.00 1,440,000.00 1,723,200.00 1 "20,001-22,000" 4,755.03 4,755.02 019-780-006-000 11636 COBURN DR 426,362.00 571,200.00 997,562.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-007-000 10701 LABELLE CT 133,860.00 1,087,629.00 1,221,489.00 1 "Greater than 22,000" 4,903.63 4,903.62 019-780-008-000 10751 LABELLE CT 120,474.00 0.00 120,474.00 1 "18,001-20,000" 4,606.44 4,606.42 019-780-009-000 10769 LABELLE CT 159,181.00 0.00 159,181.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-010-000 10789 LABELLE CT 134,817.00 1,507,336.00 1,642,153.00 1 "18,001-20,000" 4,606.44 4,606.42 019-780-011-000 10801 LABELLE CT 111,756.00 0.00 111,756.00 1 "14,001-16,000" 4,309.25 4,309.24 019-780-012-000 10811 LABELLE CT 92,041.00 1,010,000.00 1,102,041.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-014-000 10800 LABELLE CT 164,045.00 1,421,738.00 1,585,783.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-015-000 10788 LABELLE CT 235,000.00 1,207,900.00 1,442,900.00 1 "18,001-20,000" 4,606.44 4,606.42 019-780-016-000 10768 LABELLE CT 134,023.00 1,474,276.00 1,608,299.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-017-000 10750 LABELLE CT 98,648.00 0.00 98,648.00 1 "18,001-20,000" 4,606.44 4,606.42 019-780-018-000 11756 COBURN DR 106,146.00 0.00 106,146.00 1 "18,001-20,000" 4,606.44 4,606.42 019-780-019-000 11631 COBURN DR 106,300.00 0.00 106,300.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-020-000 11352 CHINA CAMP RD 306,000.00 2,535,720.00 2,841,720.00 1 "18,001-20,000" 4,606.44 4,606.42 019-780-021-000 11400 CHINA CAMP RD 139,438.00 1,202,561.00 1,341,999.00 1 "16,001-18,000" 4,457.84 4,457.84 019-780-022-000 11417 CHINA CAMP RD 121,507.00 0.00 121,507.00 1 "14,001-16,000" 4,309.25 4,309.24 019-780-023-000 11397 CHINA CAMP RD 164,487.00 1,231,001.00 1,395,488.00 1 "14,001-16,000" 4,309.25 4,309.24 019-780-024-000 11383 CHINA CAMP RD 116,507.00 340,000.00 456,507.00 1 "14,001-16,000" 4,309.25 4,309.24 019-780-025-000 11365 CHINA CAMP RD 245,000.00 1,225,000.00 1,470,000.00 1 "14,001-16,000" 4,309.25 4,309.24 019-780-026-000 11349 CHINA CAMP RD 122,704.00 0.00 122,704.00 1 "14,001-16,000" 4,309.25 4,309.24 019-780-027-000 11333 CHINA CAMP RD 37,677.00 960,879.00 998,556.00 1 "14,001-16,000" 4,309.25 4,309.24 019-780-028-000 11315 CHINA CAMP RD 65,966.00 980,429.00 1,046,395.00 1 "14,001-16,000" 4,309.25 4,309.24 019-780-029-000 11301 CHINA CAMP RD 171,500.00 0.00 171,500.00 1 "16,001-18,000" 4,457.84 4,457.84 Willdan Financial Services Page 1 of 10 Page 183 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address • Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Number 019-790-002-000 11569 CHINA CAMP RD 27,085.00 0.00 27,085.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-003-000 11555 CHINA CAMP RD 34,476.00 0.00 34,476.00 1 "16,001-18,000" 4,457.84 4,457.84 019-790-004-000 11539 CHINA CAMP RD 55,353.00 1,165,248.00 1,220,601.00 1 "16,001-18,000" 4,457.84 4,457.84 019-790-005-000 11523 CHINA CAMP RD 27,158.00 0.00 27,158.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-006-000 11509 CHINA CAMP RD 185,711.00 1,511,159.00 1,696,870.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-007-000 11493 CHINA CAMP RD 164,487.00 0.00 164,487.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-008-000 11471 CHINA CAMP RD 113,400.00 0.00 113,400.00 1 "20,001-22,000" 4,755.03 4,755.02 019-790-009-000 11464 CHINA CAMP RD 35,165.00 0.00 35,165.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-010-000 11478 CHINA CAMP RD 160,829.00 1,141,894.00 1,302,723.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-011-000 11516 CHINA CAMP RD 119,469.00 1,729,498.00 1,848,967.00 1 "18,001-20,000" 4,606.44 4,606.42 019-790-012-000 11574 CHINA CAMP RD 120,600.00 0.00 120,600.00 1 "18,001-20,000" 4,606.44 4,606.42 019-790-013-000 11608 CHINA CAMP RD 107,219.00 1,313,445.00 1,420,664.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-014-000 11628 CHINA CAMP RD 120,299.00 1,338,621.00 1,458,920.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-015-000 11644 CHINA CAMP RD 392,000.00 1,764,000.00 2,156,000.00 1 "16,001-18,000" 4,457.84 4,457.84 019-790-016-000 11759 COBURN DR 408,000.00 0.00 408,000.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-017-000 11729 COBURN DR 106,300.00 0.00 106,300.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-018-000 11711 COBURN DR 216,240.00 2,040,000.00 2,256,240.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-019-000 11671 COBURN DR 106,300.00 0.00 106,300.00 1 "Greater than 22,000" 4,903.63 4,903.62 019-790-020-000 11422 CHINA CAMP RD 35,165.00 0.00 35,165.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-021-000 11436 CHINA CAMP RD 126,283.00 0.00 126,283.00 1 "14,001-16,000" 4,309.25 4,309.24 019-790-022-000 10576 BRICKELL CT 109,671.00 0.00 109,671.00 1 "18,001-20,000" 4,606.44 4,606.42 019-790-023-000 10573 BRICKELL CT 260,000.00 0.00 260,000.00 1 "18,001-20,000" 4,606.44 4,606.42 019-790-024-000 10567 BRICKELL CT 244,400.00 0.00 244,400.00 1 "16,001-18,000" 4,457.84 4,457.84 019-790-025-000 10551 BRICKELL CT 27,085.00 0.00 27,085.00 1 "16,001-18,000" 4,457.84 4,457.84 019-790-026-000 10541 BRICKELL CT 150,384.00 615,000.00 765,384.00 1 "12,001-14,000" 4,160.65 4,160.64 019-790-027-000 10529 BRICKELL CT 122,704.00 1,128,276.00 1,250,980.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-001-000 11762 COBURN DR 264,600.00 0.00 264,600.00 1 "18,001-20,000" 4,606.44 4,606.42 019-800-002-000 11728 CHINA CAMP RD 311,000.00 175,000.00 486,000.00 1 "14,001-16,000" 4,309.25 4,309.24 019-800-003-000 11746 CHINA CAMP RD 37,677.00 904,355.00 942,032.00 1 "14,001-16,000" 4,309.25 4,309.24 019-800-004-000 11768 CHINA CAMP RD 147,916.00 1,490,554.00 1,638,470.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-005-000 11776 CHINA CAMP RD 87,041.00 0.00 87,041.00 1 "12,001-14,000" 4,160.65 4,160.64 019-800-008-000 11759 CHINA CAMP RD 472,858.00 1,030,205.00 1,503,063.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-009-000 11737 CHINA CAMP RD 113,526.00 824,795.00 938,321.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-010-000 11719 CHINA CAMP RD 105,972.00 0.00 105,972.00 1 "14,001-16,000" 4,309.25 4,309.24 019-800-011-000 11699 CHINA CAMP RD 230,343.00 1,504,500.00 1,734,843.00 1 "14,001-16,000" 4,309.25 4,309.24 019-800-012-000 11820 COBURN DR 59,323.00 600,000.00 659,323.00 1 "20,001-22,000" 4,755.03 4,755.02 019-800-015-000 11874 COBURN DR 291,832.00 1,453,854.00 1,745,686.00 1 "18,001-20,000" 4,606.44 4,606.42 019-800-016-000 11900 COBURN DR 87,917.00 971,857.00 1,059,774.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-017-000 11910 COBURN DR 240,000.00 2,832,000.00 3,072,000.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-020-000 11893 COBURN DR 142,510.00 2,033,982.00 2,176,492.00 1 "18,001-20,000" 4,606.44 4,606.42 019-800-021-000 11881 COBURN DR 376,380.00 0.00 376,380.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-022-000 11863 COBURN DR 357,000.00 1,683,000.00 2,040,000.00 1 "14,001-16,000" 4,309.25 4,309.24 019-800-023-000 11851 COBURN DR 76,489.00 1,522,526.00 1,599,015.00 1 "14,001-16,000" 4,309.25 4,309.24 019-800-024-000 11835 COBURN DR 91,011.00 340,000.00 431,011.00 1 "14,001-16,000" 4,309.25 4,309.24 019-800-025-000 11657 CHINA CAMP RD 169,793.00 0.00 169,793.00 1 "18,001-20,000" 4,606.44 4,606.42 019-800-026-000 11631 CHINA CAMP RD 89,239.00 0.00 89,239.00 1 "16,001-18,000" 4,457.84 4,457.84 Willdan Financial Services Page 2 of 10 Page 184 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address • Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Number 019-800-027-000 11607 CHINA CAMP RD 55,615.00 290,000.00 345,615.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-028-000 11585 CHINA CAMP RD 288,000.00 2,256,000.00 2,544,000.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-029-000 11660 CHINA CAMP RD 122,949.00 1,596,721.00 1,719,670.00 1 "16,001-18,000" 4,457.84 4,457.84 019-800-030-000 11777 CHINA CAMP RD 313,912.00 1,379,570.00 1,693,482.00 1 "Greater than 22,000" 4,903.63 4,903.62 019-800-031-000 11830 COBURN DR 418,911.00 3,264,000.00 3,682,911.00 1 Special1 8,767.09 8,767.08 019-800-032-000 11919 COBURN DR 292,361.00 1,727,936.00 2,020,297.00 1 Specia12 9,361.47 9,361.46 019-840-001-000 11710 BOTTCHER LP 72,103.00 0.00 72,103.00 2 "16,001-18,000" 5,572.30 5,572.30 019-840-002-000 11690 BOTTCHER LP 239,100.00 0.00 239,100.00 2 "16,001-18,000" 5,572.30 5,572.30 019-840-003-000 11670 BOTTCHER LP 230,400.00 0.00 230,400.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-004-000 11685 KELLEY DR 441,000.00 2,107,000.00 2,548,000.00 2 "16,001-18,000" 5,572.30 5,572.30 019-840-005-000 11695 KELLEY DR 150,000.00 2,050,000.00 2,200,000.00 2 "12,001-14,000" 5,200.82 5,200.80 019-840-006-000 11705 KELLEY DR 60,736.00 0.00 60,736.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-007-000 11715 KELLEY DR 109,363.00 1,421,738.00 1,531,101.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-008-000 11735 KELLEY DR 203,751.00 0.00 203,751.00 2 "16,001-18,000" 5,572.30 5,572.30 019-840-009-000 11784 KELLEY DR 113,781.00 1,189,030.00 1,302,811.00 2 "16,001-18,000" 5,572.30 5,572.30 019-840-010-000 11764 KELLEY DR 159,181.00 1,878,338.00 2,037,519.00 2 "16,001-18,000" 5,572.30 5,572.30 019-840-011-000 11744 KELLEY DR 265,302.00 2,016,295.00 2,281,597.00 2 "16,001-18,000" 5,572.30 5,572.30 019-840-012-000 11724 KELLEY DR 98,648.00 0.00 98,648.00 2 "18,001-20,000" 5,758.05 5,758.04 019-840-013-000 11704 KELLEY DR 150,874.00 1,526,167.00 1,677,041.00 2 "18,001-20,000" 5,758.05 5,758.04 019-840-014-000 11684 KELLEY DR 265,302.00 1,591,812.00 1,857,114.00 2 "18,001-20,000" 5,758.05 5,758.04 019-840-015-000 11664 KELLEY DR 233,465.00 1,294,673.00 1,528,138.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-016-000 11650 BOTTCHER LP 175,099.00 0.00 175,099.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-017-000 11630 BOTTCHER LP 433,500.00 0.00 433,500.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-018-000 11610 BOTTCHER LP 269,500.00 1,372,000.00 1,641,500.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-019-000 11590 BOTTCHER LP 297,600.00 1,536,000.00 1,833,600.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-020-000 11570 BOTTCHER LP 129,607.00 0.00 129,607.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-021-000 11550 BOTTCHER LP 265,302.00 1,724,463.00 1,989,765.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-022-000 11530 BOTTCHER LP 265,302.00 1,197,042.00 1,462,344.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-023-000 11521 BOTTCHER LP 185,711.00 1,591,812.00 1,777,523.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-024-000 11541 BOTTCHER LP 75,923.00 1,421,044.00 1,496,967.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-025-000 11561 BOTTCHER LP 336,000.00 0.00 336,000.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-026-000 11581 BOTTCHER LP 150,107.00 0.00 150,107.00 2 "16,001-18,000" 5,572.30 5,572.30 019-840-027-000 11621 BOTTCHER LP 159,295.00 1,519,000.00 1,678,295.00 2 "16,001-18,000" 5,572.30 5,572.30 019-840-028-000 11641 BOTTCHER LP 303,600.00 0.00 303,600.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-029-000 11651 BOTTCHER LP 312,800.00 0.00 312,800.00 2 "14,001-16,000" 5,386.56 5,386.54 019-840-030-000 11675 KELLEY DR 50,236.00 1,130,446.00 1,180,682.00 2 "18,001-20,000" 5,758.05 5,758.04 019-850-002-000 11411 GHIRARD RD 372,600.00 0.00 372,600.00 2 "16,001-18,000" 5,572.30 5,572.30 019-850-003-000 11431 GHIRARD RD 368,000.00 2,116,000.00 2,484,000.00 2 "16,001-18,000" 5,572.30 5,572.30 019-850-004-000 11451 GHIRARD RD 294,000.00 2,028,600.00 2,322,600.00 2 "16,001-18,000" 5,572.30 5,572.30 019-850-005-000 11471 GHIRARD RD 294,854.00 1,522,526.00 1,817,380.00 2 "16,001-18,000" 5,572.30 5,572.30 019-850-006-000 11491 GHIRARD RD 477,543.00 1,634,260.00 2,111,803.00 2 "16,001-18,000" 5,572.30 5,572.30 019-850-007-000 11511 GHIRARD RD 176,362.00 1,386,922.00 1,563,284.00 2 "16,001-18,000" 5,572.30 5,572.30 019-850-008-000 11510 BOTTCHER LP 55,410.00 864,108.00 919,518.00 2 "16,001-18,000" 5,572.30 5,572.30 019-850-009-000 11490 BOTTCHER LP 318,500.00 2,058,000.00 2,376,500.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-010-000 11470 BOTTCHER LP 185,059.00 1,211,586.00 1,396,645.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-011-000 11450 BOTTCHER LP 167,325.00 1,461,327.00 1,628,652.00 2 "14,001-16,000" 5,386.56 5,386.54 Willdan Financial Services Page 3 of 10 Page 185 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address • Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Number 019-850-012-000 11430 BOTTCHER LP 329,000.00 0.00 329,000.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-013-000 11410 BOTTCHER LP 161,796.00 1,375,433.00 1,537,229.00 2 "16,001-18,000" 5,572.30 5,572.30 019-850-014-000 11481 BOTTCHER LP 282,000.00 2,538,000.00 2,820,000.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-015-000 11501 BOTTCHER LP 299,000.00 0.00 299,000.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-016-000 11624 KELLEY DR 167,670.00 0.00 167,670.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-017-000 11604 KELLEY DR 164,487.00 0.00 164,487.00 2 "20,001-22,000" 5,943.79 5,943.78 019-850-018-000 11584 KELLEY DR 473,180.00 249,900.00 723,080.00 2 "16,001-18,000" 5,572.30 5,572.30 019-850-019-000 11564 KELLEY DR 148,800.00 0.00 148,800.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-020-000 11544 KELLEY DR 148,569.00 1,167,328.00 1,315,897.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-021-000 11524 KELLEY DR 79,590.00 1,766,911.00 1,846,501.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-022-000 11520 GHIRARD RD 322,000.00 2,140,800.00 2,462,800.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-023-000 11500 GHIRARD RD 297,600.00 0.00 297,600.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-024-000 11480 GHIRARD RD 178,481.00 1,188,026.00 1,366,507.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-025-000 11460 GHIRARD RD 170,002.00 1,383,242.00 1,553,244.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-026-000 11440 GHIRARD RD 425,000.00 2,540,000.00 2,965,000.00 2 "14,001-16,000" 5,386.56 5,386.54 019-850-027-000 11420 GHIRARD RD 134,023.00 0.00 134,023.00 2 "16,001-18,000" 5,572.30 5,572.30 019-860-002-000 11191 GHIRARD RD 350,000.00 2,590,000.00 2,940,000.00 2 "18,001-20,000" 5,758.05 5,758.04 019-860-003-000 11261 GHIRARD RD 289,100.00 2,850,000.00 3,139,100.00 2 "20,001-22,000" 5,943.79 5,943.78 019-860-004-000 11251 GHIRARD RD 424,483.00 2,068,293.00 2,492,776.00 2 "18,001-20,000" 5,758.05 5,758.04 019-860-005-000 11291 GHIRARD RD 504,073.00 1,778,584.00 2,282,657.00 2 "18,001-20,000" 5,758.05 5,758.04 019-860-006-000 11311 GHIRARD RD 384,000.00 2,971,200.00 3,355,200.00 2 "18,001-20,000" 5,758.05 5,758.04 019-860-007-000 11331 GHIRARD RD 311,687.00 1,454,548.00 1,766,235.00 2 "16,001-18,000" 5,572.30 5,572.30 019-860-008-000 11371 GHIRARD RD 550,000.00 2,725,000.00 3,275,000.00 2 "18,001-20,000" 5,758.05 5,758.04 019-860-009-000 11391 GHIRARD RD 490,000.00 2,450,000.00 2,940,000.00 2 "18,001-20,000" 5,758.05 5,758.04 019-860-010-000 11400 GHIRARD RD 211,935.00 465,000.00 676,935.00 2 "14,001-16,000" 5,386.56 5,386.54 019-860-011-000 11380 GHIRARD RD 117,588.00 1,220,374.00 1,337,962.00 2 "14,001-16,000" 5,386.56 5,386.54 019-860-012-000 11360 GHIRARD RD 388,800.00 0.00 388,800.00 2 "14,001-16,000" 5,386.56 5,386.54 019-860-013-000 11340 GHIRARD RD 392,000.00 2,940,000.00 3,332,000.00 2 "14,001-16,000" 5,386.56 5,386.54 019-860-014-000 11320 GHIRARD RD 185,711.00 1,788,135.00 1,973,846.00 2 "14,001-16,000" 5,386.56 5,386.54 019-860-015-000 11300 GHIRARD RD 139,384.00 1,635,106.00 1,774,490.00 2 "14,001-16,000" 5,386.56 5,386.54 019-860-016-000 11280 GHIRARD RD 83,924.00 836,576.00 920,500.00 2 "14,001-16,000" 5,386.56 5,386.54 019-860-017-000 11260 GHIRARD RD 276,000.00 1,840,000.00 2,116,000.00 2 "16,001-18,000" 5,572.30 5,572.30 019-860-018-000 11240 GHIRARD RD 144,097.00 1,211,586.00 1,355,683.00 2 "16,001-18,000" 5,572.30 5,572.30 019-860-019-000 11220 GHIRARD RD 128,283.00 0.00 128,283.00 2 "16,001-18,000" 5,572.30 5,572.30 019-860-020-000 11200 GHIRARD RD 163,100.00 0.00 163,100.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-002-000 11531 GHIRARD RD 384,000.00 2,452,800.00 2,836,800.00 2 "18,001-20,000" 5,758.05 5,758.04 019-870-003-000 11551 GHIRARD RD 267,722.00 1,600,768.00 1,868,490.00 2 "18,001-20,000" 5,758.05 5,758.04 019-870-004-000 11571 GHIRARD RD 216,184.00 1,331,259.00 1,547,443.00 2 "20,001-22,000" 5,943.79 5,943.78 019-870-005-000 11611 GHIRARD RD 500,000.00 3,180,000.00 3,680,000.00 2 "Greater than 22,000" 6,129.53 6,129.52 019-870-006-000 11631 GHIRARD RD 350,000.00 1,850,000.00 2,200,000.00 2 "Greater than 22,000" 6,129.53 6,129.52 019-870-007-000 11651 GHIRARD RD 197,297.00 1,276,642.00 1,473,939.00 2 "20,001-22,000" 5,943.79 5,943.78 019-870-008-000 11890 BOTTCHER LP 34,476.00 0.00 34,476.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-009-000 11870 BOTTCHER LP 106,120.00 0.00 106,120.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-010-000 11850 BOTTCHER LP 263,200.00 0.00 263,200.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-011-000 11830 BOTTCHER LP 459,000.00 1,611,600.00 2,070,600.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-012-000 11810 BOTTCHER LP 57,019.00 0.00 57,019.00 2 "14,001-16,000" 5,386.56 5,386.54 Willdan Financial Services Page 4 of 10 Page 186 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address • Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Number Value Assessed Value Value Charge 019-870-013-000 11790 BOTTCHER LP 227,097.00 0.00 227,097.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-014-000 11770 BOTTCHER LP 159,181.00 1,061,208.00 1,220,389.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-015-000 11750 BOTTCHER LP 41,444.00 0.00 41,444.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-016-000 11730 BOTTCHER LP 63,268.00 949,130.00 1,012,398.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-017-000 11721 BOTTCHER LP 75,923.00 1,029,756.00 1,105,679.00 2 "20,001-22,000" 5,943.79 5,943.78 019-870-018-000 11741 BOTTCHER LP 38,783.00 0.00 38,783.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-019-000 11761 BOTTCHER LP 306,514.00 306,000.00 612,514.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-020-000 11781 BOTTCHER LP 148,752.00 1,183,246.00 1,331,998.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-021-000 11801 BOTTCHER LP 258,500.00 0.00 258,500.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-022-000 11821 BOTTCHER LP 145,274.00 1,685,227.00 1,830,501.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-023-000 11841 BOTTCHER LP 286,700.00 0.00 286,700.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-024-000 11861 BOTTCHER LP 459,000.00 2,371,500.00 2,830,500.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-025-000 11891 BOTTCHER LP 142,172.00 1,334,245.00 1,476,417.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-026-000 11680 GHIRARD RD 329,000.00 1,598,000.00 1,927,000.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-027-000 11660 GHIRARD RD 180,242.00 1,076,474.00 1,256,716.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-028-000 11640 GHIRARD RD 207,049.00 2,216,052.00 2,423,101.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-029-000 11620 GHIRARD RD 286,220.00 1,075,000.00 1,361,220.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-030-000 11600 GHIRARD RD 175,765.00 2,255,067.00 2,430,832.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-031-000 11580 GHIRARD RD 156,528.00 156,528.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-032-000 11560 GHIRARD RD 268,048.00 1,549,331.00 1,817,379.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-033-000 11540 GHIRARD RD 180,449.00 1,569,380.00 1,749,829.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-034-000 11555 KELLEY DR 200,567.00 0.00 200,567.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-035-000 11575 KELLEY DR 107,219.00 0.00 107,219.00 2 "14,001-16,000" 5,386.56 5,386.54 019-870-036-000 11595 KELLEY DR 200,000.00 2,100,000.00 2,300,000.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-037-000 11615 KELLEY DR 78,114.00 1,051,593.00 1,129,707.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-038-000 11635 KELLEY DR 416,160.00 0.00 416,160.00 2 "16,001-18,000" 5,572.30 5,572.30 019-870-039-000 11655 KELLEY DR 220,933.00 0.00 220,933.00 2 "14,001-16,000" 5,386.56 5,386.54 019-880-001-000 11082 MEEK CT 459,000.00 1,963,500.00 2,422,500.00 2 "20,001-22,000" 5,943.79 5,943.78 019-880-002-000 11102 MEEK CT 134,738.00 742,315.00 877,053.00 2 "Greater than 22,000" 6,129.53 6,129.52 019-880-003-000 11122 MEEK CT 164,419.00 1,201,205.00 1,365,624.00 2 "18,001-20,000" 5,758.05 5,758.04 019-880-004-000 11142 MEEK CT 114,167.00 816,636.00 930,803.00 2 "20,001-22,000" 5,943.79 5,943.78 019-880-005-000 11139 MEEK CT 78,677.00 1,511,525.00 1,590,202.00 2 "Greater than 22,000" 6,129.53 6,129.52 019-880-006-000 11133 MEEK CT 262,200.00 0.00 262,200.00 2 "18,001-20,000" 5,758.05 5,758.04 019-880-007-000 11113 MEEK CT 180,449.00 1,842,041.00 2,022,490.00 2 "16,001-18,000" 5,572.30 5,572.30 019-880-008-000 10989 GHIRARD RD 73,880.00 1,591,738.00 1,665,618.00 2 "16,001-18,000" 5,572.30 5,572.30 019-880-009-000 11011 GHIRARD RD 294,854.00 1,415,305.00 1,710,159.00 2 "16,001-18,000" 5,572.30 5,572.30 019-880-010-000 11031 GHIRARD RD 267,722.00 1,453,840.00 1,721,562.00 2 "16,001-18,000" 5,572.30 5,572.30 019-880-011-000 11051 GHIRARD RD 262,200.00 0.00 262,200.00 2 "14,001-16,000" 5,386.56 5,386.54 019-880-012-000 11000 GHIRARD RD 159,641.00 1,060,835.00 1,220,476.00 2 "14,001-16,000" 5,386.56 5,386.54 019-880-013-000 11020 GHIRARD RD 142,241.00 410,000.00 552,241.00 2 "18,001-20,000" 5,758.05 5,758.04 019-880-014-000 11040 GHIRARD RD 291,832.00 1,936,704.00 2,228,536.00 2 "18,001-20,000" 5,758.05 5,758.04 019-880-015-000 11060 GHIRARD RD 75,801.00 0.00 75,801.00 2 "20,001-22,000" 5,943.79 5,943.78 019-880-016-000 11080 GHIRARD RD 244,077.00 0.00 244,077.00 2 "16,001-18,000" 5,572.30 5,572.30 019-880-017-000 11100 GHIRARD RD 465,000.00 0.00 465,000.00 2 "16,001-18,000" 5,572.30 5,572.30 019-880-018-000 11120 GHIRARD RD 433,500.00 0.00 433,500.00 2 "18,001-20,000" 5,758.05 5,758.04 019-890-002-000 11691 GHIRARD RD 87,789.00 1,031,853.00 1,119,642.00 2 "16,001-18,000" 5,572.30 5,572.30 Willdan Financial Services Page 5 of 10 Page 187 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address • Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Number 019-890-003-000 11711 GHIRARD RD 284,465.00 1,938,000.00 2,222,465.00 2 "16,001-18,000" 5,572.30 5,572.30 019-890-004-000 11731 GHIRARD RD 432,000.00 0.00 432,000.00 2 "16,001-18,000" 5,572.30 5,572.30 019-890-005-000 11751 GHIRARD RD 134,023.00 1,581,496.00 1,715,519.00 2 "18,001-20,000" 5,758.05 5,758.04 019-890-006-000 11771 GHIRARD RD 212,241.00 0.00 212,241.00 2 "16,001-18,000" 5,572.30 5,572.30 019-890-007-000 11791 GHIRARD RD 288,000.00 2,088,700.00 2,376,700.00 2 "16,001-18,000" 5,572.30 5,572.30 019-890-008-000 11831 GHIRARD RD 274,677.00 1,985,175.00 2,259,852.00 2 "20,001-22,000" 5,943.79 5,943.78 019-890-009-000 11840 GHIRARD RD 125,158.00 1,206,976.00 1,332,134.00 2 "16,001-18,000" 5,572.30 5,572.30 019-890-010-000 11820 GHIRARD RD 148,569.00 0.00 148,569.00 2 "16,001-18,000" 5,572.30 5,572.30 019-890-011-000 11800 GHIRARD RD 125,177.00 1,697,932.00 1,823,109.00 2 "14,001-16,000" 5,386.56 5,386.54 019-890-012-000 11780 GHIRARD RD 107,800.00 0.00 107,800.00 2 "14,001-16,000" 5,386.56 5,386.54 019-890-013-000 11760 GHIRARD RD 400,000.00 2,240,000.00 2,640,000.00 2 "14,001-16,000" 5,386.56 5,386.54 019-890-014-000 11950 BOTTCHER LP 80,333.00 1,295,115.00 1,375,448.00 2 "18,001-20,000" 5,758.05 5,758.04 019-890-015-000 11930 BOTTCHER LP 108,773.00 0.00 108,773.00 2 "14,001-16,000" 5,386.56 5,386.54 019-890-016-000 11910 BOTTCHER LP 477,290.00 1,267,557.00 1,744,847.00 2 "14,001-16,000" 5,386.56 5,386.54 019-890-017-000 11720 GHIRARD RD 269,423.00 0.00 269,423.00 2 "16,001-18,000" 5,572.30 5,572.30 019-890-018-000 11700 GHIRARD RD 441,000.00 1,974,700.00 2,415,700.00 2 "14,001-16,000" 5,386.56 5,386.54 019-900-002-000 11021 HENNESS RD 139,384.00 1,109,727.00 1,249,111.00 2 "18,001-20,000" 5,758.05 5,758.04 019-900-003-000 11041 HENNESS RD 141,700.00 0.00 141,700.00 2 "16,001-18,000" 5,572.30 5,572.30 019-900-004-000 11061 HENNESS RD 270,504.00 2,642,616.00 2,913,120.00 2 "14,001-16,000" 5,386.56 5,386.54 019-900-005-000 11081 HENNESS RD 136,537.00 1,473,487.00 1,610,024.00 2 "14,001-16,000" 5,386.56 5,386.54 019-900-006-000 11111 HENNESS RD 235,587.00 0.00 235,587.00 2 "14,001-16,000" 5,386.56 5,386.54 019-900-007-000 11121 HENNESS RD 381,096.00 2,165,000.00 2,546,096.00 2 "14,001-16,000" 5,386.56 5,386.54 019-900-008-000 11141 HENNESS RD 36,938.00 0.00 36,938.00 2 "14,001-16,000" 5,386.56 5,386.54 019-900-009-000 11149 HENNESS RD 265,302.00 1,910,174.00 2,175,476.00 2 "14,001-16,000" 5,386.56 5,386.54 019-900-010-000 11150 HENNESS RD 143,203.00 1,155,000.00 1,298,203.00 2 "16,001-18,000" 5,572.30 5,572.30 019-900-011-000 11130 HENNESS RD 329,000.00 2,542,700.00 2,871,700.00 2 "16,001-18,000" 5,572.30 5,572.30 019-900-012-000 11110 HENNESS RD 164,631.00 2,939,546.00 3,104,177.00 2 "Greater than 22,000" 6,129.53 6,129.52 019-900-013-000 11002 MEEK CT 356,767.00 2,400,000.00 2,756,767.00 2 "Greater than 22,000" 6,129.53 6,129.52 019-900-014-000 11022 MEEK CT 156,941.00 1,050,331.00 1,207,272.00 2 "18,001-20,000" 5,758.05 5,758.04 019-900-017-000 11093 MEEK CT 599,311.00 1,498,380.00 2,097,691.00 2 "14,001-16,000" 5,386.56 5,386.54 019-900-018-000 11073 MEEK CT 178,481.00 1,450,173.00 1,628,654.00 2 "14,001-16,000" 5,386.56 5,386.54 019-900-019-000 11053 MEEK CT 163,100.00 0.00 163,100.00 2 "20,001-22,000" 5,943.79 5,943.78 019-900-020-000 11033 MEEK CT 153,109.00 1,377,992.00 1,531,101.00 2 "20,001-22,000" 5,943.79 5,943.78 019-900-021-000 11090 HENNESS RD 185,711.00 1,071,820.00 1,257,531.00 2 "16,001-18,000" 5,572.30 5,572.30 019-900-022-000 11070 HENNESS RD 477,543.00 2,122,416.00 2,599,959.00 2 "Greater than 22,000" 6,129.53 6,129.52 019-900-023-000 11042 HENNESS RD 239,835.00 1,489,216.00 1,729,051.00 2 "Greater than 22,000" 6,129.53 6,129.52 019-900-024-000 11036 HENNESS RD 241,244.00 1,517,165.00 1,758,409.00 2 "20,001-22,000" 5,943.79 5,943.78 019-900-025-000 11030 HENNESS RD 163,396.00 2,143,640.00 2,307,036.00 2 "18,001-20,000" 5,758.05 5,758.04 019-900-026-000 11010 HENNESS RD 48,068.00 0.00 48,068.00 2 "16,001-18,000" 5,572.30 5,572.30 019-900-027-000 11052 MEEK CT 237,636.00 1,473,941.00 1,711,577.00 2 "Greater than 22,000" 6,129.53 6,129.52 019-910-001-000 11159 HENNESS RD 200,393.00 1,137,300.00 1,337,693.00 2 "14,001-16,000" 5,386.56 5,386.54 019-910-002-000 11169 HENNESS RD 432,400.00 1,754,500.00 2,186,900.00 2 "20,001-22,000" 5,943.79 5,943.78 019-910-003-000 11199 HENNESS RD 211,179.00 0.00 211,179.00 2 "18,001-20,000" 5,758.05 5,758.04 019-910-004-000 11219 HENNESS RD 87,041.00 0.00 87,041.00 2 "12,001-14,000" 5,200.82 5,200.80 019-910-005-000 11239 HENNESS RD 153,109.00 1,552,976.00 1,706,085.00 2 "14,001-16,000" 5,386.56 5,386.54 019-910-006-000 11259 HENNESS RD 116,056.00 937,750.00 1,053,806.00 2 "14,001-16,000" 5,386.56 5,386.54 Willdan Financial Services Page 6 of 10 Page 188 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address • Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Number Value Assessed Value Value Charge 019-910-007-000 11330 HENNESS RD 195,225.00 2,824,686.00 3,019,911.00 2 "18,001-20,000" 5,758.05 5,758.04 019-910-008-000 11310 HENNESS RD 75,923.00 1,442,682.00 1,518,605.00 2 "14,001-16,000" 5,386.56 5,386.54 019-910-009-000 11290 HENNESS RD 235,883.00 1,404,582.00 1,640,465.00 2 "14,001-16,000" 5,386.56 5,386.54 019-910-010-000 11270 HENNESS RD 343,000.00 1,911,000.00 2,254,000.00 2 "12,001-14,000" 5,200.82 5,200.80 019-910-011-000 11250 HENNESS RD 344,892.00 1,565,281.00 1,910,173.00 2 "12,001-14,000" 5,200.82 5,200.80 019-910-012-000 11230 HENNESS RD 561,000.00 2,601,000.00 3,162,000.00 2 "14,001-16,000" 5,386.56 5,386.54 019-910-013-000 11210 HENNESS RD 126,621.00 757,144.00 883,765.00 2 "12,001-14,000" 5,200.82 5,200.80 019-910-014-000 11190 HENNESS RD 742,479.00 1,591,812.00 2,334,291.00 2 "14,001-16,000" 5,386.56 5,386.54 019-910-015-000 11170 HENNESS RD 187,634.00 1,409,943.00 1,597,577.00 2 "18,001-20,000" 5,758.05 5,758.04 019-910-016-000 11851 GHIRARD RD 338,338.00 2,684,232.00 3,022,570.00 2 "18,001-20,000" 5,758.05 5,758.04 019-910-017-000 11871 GHIRARD RD 307,126.00 2,496,960.00 2,804,086.00 2 "14,001-16,000" 5,386.56 5,386.54 019-910-018-000 11881 GHIRARD RD 48,285.00 0.00 48,285.00 2 "16,001-18,000" 5,572.30 5,572.30 019-910-019-000 11890 GHIRARD RD 50,700.00 0.00 50,700.00 2 "20,001-22,000" 5,943.79 5,943.78 019-910-020-000 11880 GHIRARD RD 135,800.00 1,194,900.00 1,330,700.00 2 "14,001-16,000" 5,386.56 5,386.54 019-910-021-000 11860 GHIRARD RD 38,629.00 0.00 38,629.00 2 "14,001-16,000" 5,386.56 5,386.54 043-010-002-000 NO SITUS AVAILABLE 164,045.00 0.00 164,045.00 2 GC2 30,931.70 30,931.70 043-010-003-000 NO SITUS AVAILABLE 258,098.00 39,369.00 297,467.00 2 GC2 72,844.52 72,844.50 043-010-004-000 10874 HENNESS RD 17,497.00 97,333.00 114,830.00 2 GC1 6,344.45 6,344.44 043-010-005-000 NO SITUS AVAILABLE 514,655.00 0.00 514,655.00 2 Undeveloped 178,387.98 178,387.98 043-010-006-000 NO SITUS AVAILABLE 224,196.00 0.00 224,196.00 2 GC1 127,801.47 127,801.46 043-010-007-000 NO SITUS AVAILABLE 536,099.00 0.00 536,099.00 2 Undeveloped 306,068.01 306,068.00 043-010-008-000 11410 HENNESS RD 176,075.00 1,662,340.00 1,838,415.00 2 GC1 14,448.82 14,448.82 043-020-003-000 10980 GHIRARD CT 255,000.00 3,366,000.00 3,621,000.00 2 "20,001-22,000" 5,943.79 5,943.78 043-020-006-000 10956 RYLEY CT 423,000.00 0.00 423,000.00 2 "16,001-18,000" 5,572.30 5,572.30 043-020-007-000 10954 RYLEY CT 166,027.00 1,447,471.00 1,613,498.00 2 "20,001-22,000" 5,943.79 5,943.78 043-020-008-000 10952 RYLEY CT 348,464.00 1,661,912.00 2,010,376.00 2 "18,001-20,000" 5,758.05 5,758.04 043-020-009-000 10950 RYLEY CT 160,829.00 1,206,226.00 1,367,055.00 2 "16,001-18,000" 5,572.30 5,572.30 043-020-010-000 10948 RYLEY CT 465,000.00 0.00 465,000.00 2 "16,001-18,000" 5,572.30 5,572.30 043-020-011-000 10946 RYLEY CT 254,683.00 1,513,948.00 1,768,631.00 2 "16,001-18,000" 5,572.30 5,572.30 043-020-012-000 10944 RYLEY CT 253,715.00 0.00 253,715.00 2 "16,001-18,000" 5,572.30 5,572.30 043-020-013-000 10942 RYLEY CT 198,297.00 0.00 198,297.00 2 "16,001-18,000" 5,572.30 5,572.30 043-020-014-000 10940 RYLEY CT 72,432.00 1,561,356.00 1,633,788.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-020-015-000 10940 GHIRARD CT 42,249.00 0.00 42,249.00 2 Exempt 0.00 0.00 043-020-016-000 NO SITUS AVAILABLE 108,160.00 0.00 108,160.00 2 Exempt 0.00 0.00 043-020-017-000 10920 GHIRARD CT 114,167.00 0.00 114,167.00 2 "16,001-18,000" 5,572.30 5,572.30 043-020-018-000 10900 GHIRARD CT 295,947.00 0.00 295,947.00 2 "20,001-22,000" 5,943.79 5,943.78 043-020-019-000 10880 GHIRARD CT 541,317.00 1,804,053.00 2,345,370.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-020-020-000 10860 GHIRARD CT 317,325.00 1,079,342.00 1,396,667.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-020-021-000 10840 GHIRARD CT 327,504.00 1,416,270.00 1,743,774.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-020-022-000 10820 GHIRARD CT 328,974.00 2,260,373.00 2,589,347.00 2 "18,001-20,000" 5,758.05 5,758.04 043-020-023-000 10800 GHIRARD CT 204,307.00 0.00 204,307.00 2 "14,001-16,000" 5,386.56 5,386.54 043-020-024-000 10780 GHIRARD CT 192,285.00 0.00 192,285.00 2 "8,000-12,000" 5,015.07 5,015.06 043-020-025-000 10760 GHIRARD CT 94,199.00 2,026,913.00 2,121,112.00 2 "18,001-20,000" 5,758.05 5,758.04 043-020-026-000 10911 GHIRARD CT 268,048.00 1,836,143.00 2,104,191.00 2 "16,001-18,000" 5,572.30 5,572.30 043-020-027-000 10931 GHIRARD CT 237,802.00 0.00 237,802.00 2 "18,001-20,000" 5,758.05 5,758.04 043-020-028-000 10951 GHIRARD CT 61,565.00 1,046,709.00 1,108,274.00 2 "18,001-20,000" 5,758.05 5,758.04 Willdan Financial Services Page 7 of 10 Page 189 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address • Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Number 043-020-029-000 10971 GHIRARD CT 153,916.00 2,205,648.00 2,359,564.00 2 "20,001-22,000" 5,943.79 5,943.78 043-020-030-000 10960 RYLEY CT 161,704.00 1,455,365.00 1,617,069.00 2 "20,001-22,000" 5,943.79 5,943.78 043-030-001-000 11545 HENNESS RD 561,000.00 2,499,000.00 3,060,000.00 2 "16,001-18,000" 5,572.30 5,572.30 043-030-002-000 11539 HENNESS RD 139,266.00 0.00 139,266.00 2 "14,001-16,000" 5,386.56 5,386.54 043-030-003-000 11533 HENNESS RD 402,074.00 1,415,305.00 1,817,379.00 2 "18,001-20,000" 5,758.05 5,758.04 043-030-004-000 11527 HENNESS RD 251,537.00 1,486,263.00 1,737,800.00 2 "20,001-22,000" 5,943.79 5,943.78 043-030-005-000 11521 HENNESS RD 294,854.00 1,463,554.00 1,758,408.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-007-000 11497 HENNESS RD 249,383.00 0.00 249,383.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-008-000 11475 HENNESS RD 424,483.00 2,085,273.00 2,509,756.00 2 "20,001-22,000" 5,943.79 5,943.78 043-030-009-000 11430 HENNESS RD 256,568.00 1,253,842.00 1,510,410.00 2 "14,001-16,000" 5,386.56 5,386.54 043-030-010-000 11438 HENNESS RD 294,000.00 1,666,000.00 1,960,000.00 2 "14,001-16,000" 5,386.56 5,386.54 043-030-011-000 11446 HENNESS RD 213,735.00 2,088,011.00 2,301,746.00 2 "14,001-16,000" 5,386.56 5,386.54 043-030-012-000 11454 HENNESS RD 186,784.00 1,633,117.00 1,819,901.00 2 "18,001-20,000" 5,758.05 5,758.04 043-030-013-000 11462 HENNESS RD 365,137.00 1,677,081.00 2,042,218.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-014-000 11470 HENNESS RD 102,612.00 0.00 102,612.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-015-000 11478 HENNESS RD 500,000.00 2,806,739.00 3,306,739.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-016-000 11486 HENNESS RD 312,000.00 2,040,000.00 2,352,000.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-017-000 11494 HENNESS RD 313,953.00 1,030,000.00 1,343,953.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-018-000 11502 HENNESS RD 96,578.00 0.00 96,578.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-019-000 11510 HENNESS RD 262,200.00 0.00 262,200.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-020-000 11518 HENNESS RD 271,107.00 1,688,717.00 1,959,824.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-021-000 11526 HENNESS RD 329,000.00 2,209,000.00 2,538,000.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-022-000 11534 HENNESS RD 187,307.00 1,496,243.00 1,683,550.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-030-023-000 11542 HENNESS RD 278,770.00 1,651,190.00 1,929,960.00 2 "20,001-22,000" 5,943.79 5,943.78 043-040-003-000 11687 HENNESS RD 375,000.00 2,625,000.00 3,000,000.00 2 "14,001-16,000" 5,386.56 5,386.54 043-040-004-000 11679 HENNESS RD 264,000.00 2,976,000.00 3,240,000.00 2 "16,001-18,000" 5,572.30 5,572.30 043-040-005-000 11671 HENNESS RD 321,600.00 0.00 321,600.00 2 "16,001-18,000" 5,572.30 5,572.30 043-040-006-000 11667 HENNESS RD 246,068.00 1,120,986.00 1,367,054.00 2 "16,001-18,000" 5,572.30 5,572.30 043-040-007-000 11655 HENNESS RD 329,000.00 2,016,300.00 2,345,300.00 2 "18,001-20,000" 5,758.05 5,758.04 043-040-008-000 11647 HENNESS RD 329,000.00 1,833,000.00 2,162,000.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-009-000 11639 HENNESS RD 387,340.00 0.00 387,340.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-010-000 11633 HENNESS RD 500,000.00 0.00 500,000.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-011-000 11627 HENNESS RD 387,340.00 1,947,316.00 2,334,656.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-012-000 11623 HENNESS RD 479,400.00 0.00 479,400.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-013-000 11615 HENNESS RD 255,340.00 1,277,267.00 1,532,607.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-014-000 11607 HENNESS RD 181,435.00 2,777,868.00 2,959,303.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-015-000 11595 HENNESS RD 596,549.00 1,337,496.00 1,934,045.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-016-000 11583 HENNESS RD 267,722.00 1,662,122.00 1,929,844.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-017-000 11575 HENNESS RD 267,722.00 1,446,825.00 1,714,547.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-018-000 11561 HENNESS RD 268,048.00 1,500,008.00 1,768,056.00 2 "20,001-22,000" 5,943.79 5,943.78 043-040-019-000 11553 HENNESS RD 465,000.00 2,960,000.00 3,425,000.00 2 "18,001-20,000" 5,758.05 5,758.04 043-040-020-000 11550 HENNESS RD 253,865.00 2,631,600.00 2,885,465.00 2 "20,001-22,000" 5,943.79 5,943.78 043-040-021-000 11558 HENNESS RD 191,817.00 1,366,806.00 1,558,623.00 2 "18,001-20,000" 5,758.05 5,758.04 043-040-022-000 11566 HENNESS RD 343,000.00 1,764,000.00 2,107,000.00 2 "18,001-20,000" 5,758.05 5,758.04 043-040-023-000 11574 HENNESS RD 265,302.00 1,559,975.00 1,825,277.00 2 "20,001-22,000" 5,943.79 5,943.78 043-040-024-000 11582 HENNESS RD 459,000.00 2,798,600.00 3,257,600.00 2 "Greater than 22,000" 6,129.53 6,129.52 Willdan Financial Services Page 8 of 10 Page 190 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address Land Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Total Number Value Assessed Value Value Charge 043-040-025-000 11590 HENNESS RD 268,048.00 1,045,396.00 1,313,444.00 2 "Greater than 22,000" 6,129.53 6,129.5 043-040-026-000 11598 HENNESS RD 574,562.00 244,843.00 819,405.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-027-000 11606 HENNESS RD 249,600.00 1,603,600.00 1,853,200.00 2 "16,001-18,000" 5,572.30 5,572.30 043-040-028-000 11614 HENNESS RD 329,000.00 2,585,000.00 2,914,000.00 2 "16,001-18,000" 5,572.30 5,572.30 043-040-029-000 11622 HENNESS RD 179,889.00 1,294,050.00 1,473,939.00 2 "20,001-22,000" 5,943.79 5,943.78 043-040-030-000 11630 HENNESS RD 252,853.00 2,160,000.00 2,412,853.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-031-000 11638 HENNESS RD 217,524.00 1,065,319.00 1,282,843.00 2 "Greater than 22,000" 6,129.53 6,129.52 043-040-032-000 11646 HENNESS RD 96,578.00 0.00 96,578.00 2 "18,001-20,000" 5,758.05 5,758.04 043-040-033-000 11654 HENNESS RD 225,000.00 2,425,000.00 2,650,000.00 2 "16,001-18,000" 5,572.30 5,572.30 043-040-034-000 11662 HENNESS RD 329,000.00 2,674,300.00 3,003,300.00 2 "14,001-16,000" 5,386.56 5,386.54 043-050-002-000 10251 ANNIES LP 98,427.00 760,082.00 858,509.00 2 Condo 2,674.71 2,674.70 043-050-003-000 10249 ANNIES LP 102,401.00 665,627.00 768,028.00 2 Condo 2,674.71 2,674.70 043-050-004-000 10247 ANNIES LP 90,202.00 801,343.00 891,545.00 2 Condo 2,674.71 2,674.70 043-050-005-000 10239 ANNIES LP 98,427.00 836,637.00 935,064.00 2 Condo 2,674.71 2,674.70 043-050-007-000 10235 ANNIES LP 98,427.00 858,510.00 956,937.00 2 Condo 2,674.71 2,674.70 043-050-008-000 10229 ANNIES LP 106,120.00 902,026.00 1,008,146.00 2 Condo 2,674.71 2,674.70 043-050-009-000 10227 ANNIES LP 100,395.00 902,453.00 1,002,848.00 2 Condo 2,674.71 2,674.70 043-050-011-000 10215 ANNIES LP 106,120.00 880,802.00 986,922.00 2 Condo 2,674.71 2,674.70 043-050-012-000 10213 ANNIES LP 90,132.00 564,853.00 654,985.00 2 Condo 2,674.71 2,674.70 043-050-013-000 10211 ANNIES LP 36,938.00 714,223.00 751,161.00 2 Condo 2,674.71 2,674.70 043-050-014-000 10201 ANNIES LP 217,216.00 652,489.00 869,705.00 2 Condo 2,674.71 2,674.70 043-050-015-000 10199 ANNIES LP 131,870.00 1,476,951.00 1,608,821.00 2 Condo 2,674.71 2,674.70 043-050-017-000 10189 ANNIES LP 120,299.00 814,764.00 935,063.00 2 Condo 2,674.71 2,674.70 043-050-018-000 10187 ANNIES LP 376,000.00 963,500.00 1,339,500.00 2 Condo 2,674.71 2,674.70 043-050-019-000 10175 ANNIES LP 90,202.00 896,720.00 986,922.00 2 Condo 2,674.71 2,674.70 043-050-020-000 10173 ANNIES LP 305,500.00 1,057,500.00 1,363,000.00 2 Condo 2,674.71 2,674.70 043-050-024-000 NO SITUS AVAILABLE 0.00 0.00 0.00 2 Exempt 0.00 0.00 043-050-025-000 10222 EDWIN WAY 96,953.00 0.00 96,953.00 2 Undeveloped 7,541.18 7,541.18 043-050-026-000 10202 EDWIN WAY 96,953.00 0.00 96,953.00 2 Undeveloped 13,002.04 13,002.02 043-050-027-000 10204 EDWIN WAY 96,953.00 0.00 96,953.00 2 Undeveloped 11,701.84 11,701.82 043-060-009-000 10151 EDWIN WAY 139,669.00 0.00 139,669.00 2 Undeveloped 14,562.28 14,562.28 043-060-010-000 10105 EDWIN WAY 139,669.00 0.00 139,669.00 2 Undeveloped 8,841.39 8,841.38 043-060-011-000 10162 EDWIN WAY 763,156.00 0.00 763,156.00 2 Undeveloped 88,933.95 88,933.94 043-060-012-000 10073 EDWIN WAY 0.00 0.00 0.00 2 Exempt 0.00 0.00 043-060-013-000 NO SITUS AVAILABLE 0.00 0.00 0.00 2 Exempt 0.00 0.00 043-060-014-000 10131 JAKE'S WAY 110,000.00 1,705,000.00 1,815,000.00 2 SFA 2,674.71 2,674.70 043-060-015-000 10125 JAKE'S WAY 110,000.00 1,705,000.00 1,815,000.00 2 SFA 2,674.71 2,674.70 043-060-016-000 10117 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-060-017-000 10109 JAKE'S WAY 105,000.00 2,260,000.00 2,365,000.00 2 SFA 2,674.71 2,674.70 043-060-018-000 10097 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-060-019-000 10089 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-060-020-000 10085 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-060-021-000 10077 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-060-022-000 10069 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-060-023-000 10061 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-060-024-000 10076 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 Willdan Financial Services Page 9 of 10 Page 191 of 234 Truckee Donner PUD Community Facilities District No. 04-1 (Gray's Crossing) Charge Detail Report(Sorted by Assessor's Parcel Number) Assessor's Parcel Situs Address Land Assessed Structure Total Assessed Zone Lot Category Max Tax 2024/25 Total Number Value Assessed Value Value Charge 043-060-025-000 10084 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-060-026-000 10096 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-060-027-000 10102 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-003-000 11768 HENNESS RD 173,307.00 0.00 173,307.00 2 Undeveloped 15,342.41 15,342.40 043-070-008-000 10036 EDWIN WAY 321,600.00 0.00 321,600.00 2 4PLEXSFA 10,698.82 10,698.82 043-070-009-000 10020 EDWIN WAY 0.00 0.00 0.00 2 Exempt 0.00 0.00 043-070-010-000 10012 EDWIN WAY 247,664.00 0.00 247,664.00 2 Undeveloped 25,744.04 25,744.02 043-070-011-000 10003 EDWIN WAY 0.00 0.00 0.00 2 Exempt 0.00 0.00 043-070-012-000 10053 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-013-000 10047 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-014-000 10041 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-015-000 10033 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-016-000 10027 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-017-000 10019 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-018-000 10026 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-019-000 10038 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-020-000 10046 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 043-070-021-000 10054 JAKE'S WAY 100,800.00 0.00 100,800.00 2 SFA 2,674.71 2,674.70 Total: $92,831,027.00 $419,634,180.00 $512,465,207.00 $3,433,207.15 $3,433,203.06 Total Charged Parcels: 425 Total Parcels: 432 Willdan Financial Services Page 10 of 10 Page 192 of 234 W I LLDAN EXHIBIT B TRUCKEE DONNER PUD COMMUNITY FACILITIES DISTRICT NO. 04-1 (GRAYS CROSSING Boundary Diagram Page 193 of 234 IDENTIFICATION OF TAX ZONES FOR Y PROPOSEb COMMUNITY F ACLUTIE5 OT5TRICT NO. 04 1 v (GRAYS CROSSING) ;ITEr iRUCkEE bOf&! ER PUBLIC UTILITY DISTRICT re COUNTY OF NEVAbA 3 STATE OF CALIFOWNU A kU . , I I— _ __ _ )% Vrcxl%zTY MAP I 4 � � w os 1 4 l °s r 4 t I 1 AEc I ti I � l ti 1 ti n-.!ca 1 1 I�EC LEC7ENC, x.* + RS-X(Singly FamilyResiduTtial] t RM((Multi-Fan:Y idcrrtial] CN(Naighborhagd CommercFal) 0 RAC{Re.crenticn} ZONF 1 �� 05 70NE 2 KM NE NE d , r EMYMECU'16.INC. 1i IJT 6 W. suin 31 90 YJ 7. 6 mgi ImOO onvoe rwal IIOAG xlnC 3es, rnuoree,ew aa,el SHEET OI l Page 194 of 234 lIV W I LLDAN EXHIBIT C TRUCKEE DONNER PUD COMMUNITY FACILITIES DISTRICT NO. 04-1 (GRAYS CROSSING Delinquency Summary Page 195 of 234 DELINQUENCY SUMMARY BY DISTRICT Truckee Donner PUD Community Facilities District No. 0- DUE DOLLARS D. DOLLARS DELINQUENTDATE LEVIED DELINQUENT 2009/10-1 $1,119,963.85 $38,366.44 3.43% 416 3 06/30/2024 2009/10-2 $1,119,963.85 $38,366.44 3.43% 416 3 06/30/2024 2010/11-1 $1,165,181.90 $202,912.48 17.41% 416 3 06/30/2024 2010/11-2 $1,165,181.90 $202,912.48 17.41% 416 3 06/30/2024 2011/12-1 $1,195,150.68 $211,675.49 17.71% 416 3 06/30/2024 2011/12-2 $1,195,150.68 $211,675.49 17.71% 416 3 06/30/2024 2012/13-1 $1,236,735.78 $228,393.70 18.47% 416 3 06/30/2024 2012/13-2 $1,236,735.78 $228,393.70 18.47% 416 3 06/30/2024 2013/14-1 $1,264,729.82 $235,262.73 18.60% 416 3 06/30/2024 2013/14-2 $1,264,729.82 $235,262.73 18.60% 416 3 06/30/2024 2014/15-1 $1,284,580.98 $236,125.03 18.38% 416 3 06/30/2024 2014/15-2 $1,284,580.98 $236,125.03 18.38% 416 3 06/30/2024 2015/16-1 $1,299,558.24 $235,092.91 18.09% 415 3 06/30/2024 2015/16-2 $1,299,558.24 $235,092.91 18.09% 415 3 06/30/2024 2016/17-1 $1,319,863.48 $238,534.36 18.07% 413 3 06/30/2024 2016/17-2 $1,319,863.48 $238,534.36 18.07% 413 3 06/30/2024 2017/18-1 $1,241,081.09 $161,671.77 13.03% 413 3 06/30/2024 2017/18-2 $1,241,081.09 $161,671.77 13.03% 413 3 06/30/2024 2018/19-1 $1,252,842.07 $160,968.00 12.85% 408 3 06/30/2024 2018/19-2 $1,252,842.07 $160,968.00 12.85% 408 3 06/30/2024 2019/20-1 $1,289,656.10 $107,253.01 8.32% 407 3 06/30/2024 2019/20-2 $1,289,656.10 $107,253.01 8.32% 407 3 06/30/2024 2020/21-1 $1,302,711.62 $171,712.74 13.18% 407 4 06/30/2024 2020/21-2 $1,302,711.62 $173,840.55 13.34% 407 5 06/30/2024 2021/22-1 $1,327,863.06 $171,699.18 12.93% 407 3 06/30/2024 2021/22-2 $1,327,863.06 $171,699.18 12.93% 407 3 06/30/2024 2022/23-1 $1,466,825.70 $275,727.81 18.80% 426 5 06/30/2024 2022/23-2 $1,466,825.70 $278,405.77 18.98% 426 6 06/30/2024 2023/24-1 $1,516,384.84 $300,887.20 19.84% 425 6 06/30/2024 2023/24-2 $1,516,384.84 $312,833.04 20.63% 425 11 06/30/2024 TOTAL $38,566,258.42 $5,969,317.32 15.48% Willdan Financial Services Pa Page gf66 of 234 W I LLDAN EXHIBIT D TRUCKEE DONNER PUD CFD 04-1 (GRAYS CROSSING) SERIES 2004 AND SERIES 2005 Debt Service Schedules Page 197 of 234 Truckee Donner PUD Community Facilities District No.04-1 (Gray's Crossing) REVISED DEBT SERVICE SCHEDULE Dated Date: 9/14/2004 First Coupon: 3/1/2005 First Maturity: 9/1/2007 Payment Due Interest Bond Call Called Amount Principal Due Interest Due Semi-Annual Total Annual Rate Payment 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% 20,000.00 10,000.00 505,000.00 346,358.75 871,358.75 1,217,717.50 3/1/2024 331,262.50 331,262.50 9/1/2024 5.75000% 10,000.00 560,000.00 331,262.50 891,262.50 1,222,525.00 3/1/2025 315,162.50 315,162.50 9/1/2025 5.75000% 5,000.00 620,000.00 315,162.50 935,162.50 1,250,325.00 3/1/2026 297,337.50 297,337.50 9/1/2026 5.75000% 5,000.00 685,000.00 297,337.50 982,337.50 1,279,675.00 3/1/2027 277,643.75 277,643.75 9/1/2027 5.75000% 10,000.00 745,000.00 277,643.75 1,022,643.75 1,300,287.50 3/1/2028 256,225.00 256,225.00 9/1/2028 5.75000% 10,000.00 815,000.00 256,225.00 1,071,225.00 1,327,450.00 3/1/2029 232,793.75 232,793.75 9/1/2029 5.75000% 10,000.00 885,000.00 232,793.75 1,117,793.75 1,350,587.50 3/1/2030 207,350.00 207,350.00 9/1/2030 5.80000% 10,000.00 965,000.00 207,350.00 1,172,350.00 1,379,700.00 3/1/2031 179,365.00 179,365.00 9/1/2031 5.80000% 10,000.00 1,050,000.00 179,365.00 1,229,365.00 1,408,730.00 3/1/2032 148,915.00 148,915.00 9/1/2032 5.80000% 15,000.00 1,135,000.00 148,915.00 1,283,915.00 1,432,830.00 3/1/2033 116,000.00 116,000.00 9/1/2033 5.80000% 15,000.00 1,230,000.00 116,000.00 1,346,000.00 1,462,000.00 3/1/2034 80,330.00 80,330.00 9/1/2034 5.80000% 25,000.00 1,320,000.00 80,330.00 1,400,330.00 1,480,660.00 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 $10,900,000.00 Matured Principal 4,335,000.00 Called Principal 140,000.00 Total Bond Issue $15,375,000.00 Willdan Financial Services Page 1 of 1 Page 198 of 234 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 Payment Due Interest Bond Call Called Amount Principal Due Interest Due Semi-Annual Total Annual Rate Payment 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 1,351,855.00 311/2022 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% 25,000.00 5,000.00 645,000.00 381,937.50 1,051,937.50 1,433,875.00 3/1/2024 364,507.50 364,507.50 9/1/2024 5.20000% 5,000.00 710,000.00 364,507.50 1,074,507.50 1,439,015.00 3/1/2025 346,047.50 346,047.50 9/1/2025 5.20000% 10,000.00 770,000.00 346,047.50 1,116,047.50 1,462,095.00 3/1/2026 326,027.50 326,027.50 9/1/2026 5.25000% 10,000.00 840,000.00 326,027.50 1,166,027.50 1,492,055.00 3/1/2027 303,977.50 303,977.50 9/1/2027 5.25000% 10,000.00 915,000.00 303,977.50 1,218,977.50 1,522,955.00 3/1/2028 279,958.75 279,958.75 9/1/2028 5.25000% 10,000.00 995,000.00 279,958.75 1,274,958.75 1,554,917.50 3/1/2029 253,840.00 253,840.00 9/1/2029 5.25000% 15,000.00 1,075,000.00 253,840.00 1,328,840.00 1,582,680.00 3/1/2030 225,621.25 225,621.25 9/1/2030 5.25000% 15,000.00 1,165,000.00 225,621.25 1,390,621.25 1,616,242.50 3/1/2031 195,040.00 195,040.00 9/1/2031 5.30000% 15,000.00 1,260,000.00 195,040.00 1,455,040.00 1,650,080.00 3/1/2032 161,650.00 161,650.00 9/1/2032 5.30000% 15,000.00 1,360,000.00 161,650.00 1,521,650.00 1,683,300.00 3/1/2033 125,610.00 125,610.00 9/1/2033 5.30000% 15,000.00 1,465,000.00 125,610.00 1,590,610.00 1,716,220.00 3/1/2034 86,787.50 86,787.50 9/1/2034 5.30000% 30,000.00 1,570,000.00 86,787.50 1,656,787.50 1,743,575.00 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 $13,120,000.00 Matured Principal 5,855,000.00 Called Principal 180,000.00 Total Bond Issue $19,155,000.00 Willdan Financial Services Page 1 of 1 Page 199 of 234 W I LLDAN EXHIBIT E TRUCKEE DONNER PUD COMMUNITY FACILITIES DISTRICT NO. 04-1 (GRAYS CROSSING Rate and Method of Apportionment of Special Tax Page 200 of 234 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. A-I Page 201 of 234 "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 A-2 Page 202 of 234 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. A-3 Page 203 of 234 "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. A-4 Page 204 of 234 "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: A-5 Page 205 of 234 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. A-6 Page 206 of 234 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 1 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, A-7 Page 207 of 234 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 I: 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 shalt 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 UselEnddement 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. A-8 Page 208 of 234 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 10011/o 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 A-9 Page 209 of 234 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 A-10 Page 210 of 234 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'j. 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'). A-11 Page 211 of 234 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. A-12 Page 212 of 234 r TRUCKEE DONNER PUBLIC UTILITY DISTRICT Community Facilities District No. 04-1 (Gray's Crossing) Special Tax Bonds Series 2004 $15y375,000 Dated: September 14, 2004 Series 2005 $19,155,000 Dated: July 13, 2005 Nevada County, California Base CUSIP+: 897817 2023/2024 ANNUAL CONTINUING DISCLOSURE INFORMATION STATEMENT . JANUARY 28, 2025 . . W I LLDAN + Copyright,American Bankers Association. CUSIP data is provided by CUSIP Global Services(formerly known as CUSIP Service Bureau,a division of The McGraw-Hill Companies, Inc.),which is managed on behalf of the American Bankers Association by S&P Global Market Intelligence.This data is not intended to create a database and does not serve in any way as a substitute for the CUSIP service. The issuer takes no responsibility for the accuracy of such number. Page 213 of 234 NA/W I LLDAN LIST OF PARTICIPANTS TRUCKEE DONNER PUD. . . Michael R. Salmon DISTRICT Chief Financial Officer/ Treasurer 11570 Donner Pass Road Truckee, California 96161 (530) 582-3959 ADMINISTRATION DISCLOSURE • DISSEMINATION irWilldan Financial Services* UNDERWRITER Temecula, California 92590 (951) 587-3500 www.Willdan.com UBS Financial Services Inc. BOND COUNSEL Stradling Yocca Carlson & Rauth, a Professional Corporation Newport Beach, California The Bank of New York Mellon Corporate Trust Los Angeles, California (213) 630-6145 In its role as Disclosure Consultant and Dissemination Agent, Willdan Financial Services has not passed upon the accuracy, completeness or fairness of the statements contained herein. Page 214 of 234 WrWILLDAN L INTRODUCTION Pursuant to Official Statements dated August 31, 2004 and June 21, 2005, respectively, the Truckee Donner Public Utility District ("TDPUD") Community Facilities District No. 04-1 (Gray's Crossing) 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 development within TDPUD's, Community Facilities District No. 04-1 (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 Series 05 Bonds were issued on parity with the Series 04 Bonds. The District is located in Nevada County in the Town of Truckee, California. The Town of Truckee lies just north of the Lake Tahoe Basin; however, due to its location, proximity and recreational orientation, it is identified as a Lake Tahoe community. The Town of Truckee is located on Interstate 80 near the California - Nevada State line. 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, on both the east and the west sides of Highway 89. The District is developing into a mountain resort community that was originally planned at the time of formation to include 408 single-family lots, 89 freestanding cottages, 115 attached townhomes, 21 residential lofts, 40,700 square feet of commercial and community space, as well as on-site amenities. The development in the District is known as "Gray's Crossing." 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 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. The Bonds are limited obligations of the District payable solely from Net Taxes, as defined within the Official Statement, pledged and from certain other amounts held in the Special Tax Fund pursuant to the Indenture. The faith and the credit of neither the District, TDPUD, the State of California nor any political subdivision thereof is pledged to the payment of the principal of, premium, if any, or interest of the Bonds. The issuance of the Bonds shall not directly, indirectly or contingently obligate the District, TDPUD, the State of California or any political subdivision thereof to levy or pledge any form of taxation whatsoever other than the Special Taxes, or to make any appropriation for their payment other than from Net Taxes and from certain other amounts held in the Special Tax Fund. This Annual Continuing Disclosure Information Statement (the "Report") is being provided pursuant to covenants made by the District for the benefit of the holders of the Bonds and includes the information specified in the Continuing Disclosure Certificates for the Bonds. For 2023/2024 CFD 04-1 (Gray's Crossing) Page 1 of 7 Page 215 of 234 W I LLDAN further information and a more complete description of the District and the Bonds, reference is made to the Official Statements. The information set forth herein has been furnished by the TDPUD and by other sources, which is believed to be accurate and reliable but are not guaranteed as to accuracy or completeness. Statements contained in this Report which involve estimates, forecasts, or other matters of opinion, whether or not expressly so described herein, are intended solely as such and are not to be construed as representations of fact. Further, the information and expressions of opinion contained herein are subject to change without notice and the delivery of this Report will not, under any circumstances, create any implication that there has been no change in the affairs of the TDPUD or any other parties described herein. THIS REPORT IS OF A FACTUAL NATURE WITHOUT SUBJECTIVE ASSUMPTIONS, OPINIONS, OR VIEWS AND MAY NOT BE RELIED UPON AS ADVICE OR RECOMMENDATION TO PURCHASE OR SELL ANY PRODUCT OR UTILIZE ANY PARTICULAR STRATEGY RELATING TO THE ISSUANCE OF MUNICIPAL SECURITIES OR PURCHASE OF FINANCIAL PRODUCTS. IN PROVIDING THIS REPORT, WILLDAN FINANCIAL SERVICES AND ITS EMPLOYEES (COLLECTIVELY "WILLDAN") DO NOT RECOMMEND ANY ACTIONS AND ARE NOT ACTING AS AN ADVISOR TO ANY MUNICIPAL ENTITY, BOARD, OFFICER, AGENT, EMPLOYEE OR OBLIGATED PERSON PURSUANT TO SECTION 15B OF THE EXCHANGE ACT UNLESS SPECIFICALLY AGREED TO IN A SEPARATE WRITING WITH THE RECIPIENT. PRIOR TO ACTING ON ANY INFORMATION OR MATERIAL CONTAINED IN THIS REPORT, YOU SHOULD DISCUSS IT WITH APPROPRIATE INTERNAL OR EXTERNAL ADVISORS AND EXPERTS AND ONLY RELY UPON THEIR ADVICE. 2023/2024 CFD 04-1 (Gray's Crossing) Page 2 of 7 Page 216 of 234 W"W I LLDAN ll. BOND INFORMATION A. PRINCIPAL OUTSTANDING Bondissue As of June i 2024 CFD 04-1 Gray's Crossing Special Tax Bonds Series 2004 $11,480,000 CFD 04-1 Gray's Crossing Special Tax Bonds Series 2005 13,855,000 Total 000 B. FUND BALANCES Fund Balances As of June 30, 2024 Special Tax Fund $1,706,445 Interest Account of the Special Tax Fund $0 Principal Account of the Special Tax Fund $0 Redemption Account of the Special Tax Fund $0 Prepayment Account of the Special Tax Fund $51,748 Administrative Expense Fund $5,107 Rebate Fund $0 Surplus Fund $0 Reserve Account of the Special Tax Fund $2,116,353 Reserve Requirement(1) $3,316,241 The Acquisition and Construction Funds for both Series 2004 and Series 2005,which includes the Costs of Issuance Account and the Project Account,are closed. (2)The Reserve Requirement means,as of any date of calculation by the District,an amount equal to the lowest of(i)10%of the original proceeds of the Bonds,less original issue discount, if any,plus original issue premium,if any,or(ii)Maximum Annual Debt Service, or(iii)125%of the average Annual Debt Service. Source:Fund Balances provided by Truckee Donner Public Utility District. C. SIGNIFICANT/LISTED EVENT — UNSCHEDULED DRAW ON DEBT SERVICE RESERVES On September 1, 2024, a draw on the Reserve Fund for $243,925.93 was performed in order to pay the September 1, 2024 Debt Service Payment on the Bonds. The District had insufficient funds to make the full debt service payment of $1,967,007.50 on the Series 2004 and Series 2005 Bonds. The unscheduled draw is due to a consistently high delinquency rate in the District. The notice for this significant event was filed with the Municipal Securities Rulemaking Board's Electronic Municipal Market Access website ("EMMA") on August 29, 2024. 2023/2024 CFD 04-1 (Gray's Crossing) Page 3 of 7 Page 217 of 234 NA/W I LLDAN ►►► FINANCIAL INFORMATION TDPUD'S ANNUAL FINANCIAL STATEMENT IS PROVIDED SOLELY TO COMPLY WITH THE SECURITIES EXCHANGE COMMISSION STAFF'S INTERPRETATION OF RULE 15C2-12. NO FUNDS OR ASSETS OF TDPUD ARE REQUIRED TO BE USED TO PAY DEBT SERVICE ON THE BONDS AND TDPUD IS NOT OBLIGATED TO ADVANCE AVAILABLE FUNDS FROM TDPUD'S TREASURY TO COVER ANY DELINQUENCIES. INVESTORS SHOULD NOT RELY ON THE FINANCIAL CONDITION OF TDPUD IN EVALUATING WHETHER TO BUY, HOLD OR SELL THE BONDS. There will not be separate audited financial statements prepared for the District. The activities of the District are reported within TDPUD's audited financial statements. The audited financial statements for TDPUD for the fiscal year ended December 31, 2024 will be separately filed with EMMA and are hereby incorporated by reference into this Report. Per the Continuing Disclosure Agreement, the due date for dissemination of the Report is six months after the end of the District's fiscal year, commencing not later than January 1, 2005. However, the District's fiscal year ends December 31, 2024, not June 30, 2024. Therefore, the audited financial statements will be disseminated when completed by June 30, 2025 and still within the six months following the end of the District's fiscal year. 2023/2024 CFD 04-1 (Gray's Crossing) Page 4 of 7 Page 218 of 234 Wr'WILLDAN IV. OPERATING INFORMATION A. DELINQUENCY SUMMARY The following table sets forth a summary of the delinquent Annual Special Taxes within the District. Number of Delinquent Percent of Fiscal Number of Parcels Total Annual Special Tax Special Tax Year Parcels Delinquent Special Tax Amount(1) Delinquent 2009/10 416 3 $2,239,928 $76,733 3.43% 2010/11 416 3 $2,330,364 $405,825 17.41% 2011/12 416 3 $2,390,301 $423,351 17.71% 2012/13 416 3 $2,473,472 $456,787 18.47% 2013/14 416 3 $2,529,460 $470,525 18.60% 2014/15 416 3 $2,569,162 $472,250 18.38% 2015/16 415 3 $2,599,116 $470,186 18.09% 2016/17 413 3 $2,639,727 $477,069 18.07% 2017/18 413 3 $2,482,162 $323,344 13.03% 2018/19 408 3 $2,505,684 $321,936 12.85% 2019/20 407 3 $2,579,312 $214,506 8.32% 2020/21 407 5 $2,605,423 $345,553 13.26% 2021/22 407 3 $2,655,726 $343,398 12.93% 2022/23 426 4 $2,933,651 $546,278 18.62% 2023/24 425 5 $3,032,770 $589,683 19.44% Amount delinquent as of January 14,2025. Source:Nevada County Tax Collector,as compiled by Willdan Financial Services. The following table lists the parcels delinquent over $2,500: AmountAssessor's First Year Parcel Number Delinquent Days Delinquent Delinquent(1) 019-770-002-000 2009/10 5,376 $2,581,668 019-900-020-000 2020/21 1,358 $5,491 019-900-022-000 2022/23 628 $5,892 043-010-005-000 2009/10 5,376 $1,235,371 043-010-007-000 2009/10 5,376 $2,103,307 Amount delinquent as of January 14,2025. Source:Nevada County Tax Collector,as compiled by Willdan Financial Services. B. FORECLOSURE PROCEEDINGS The District has covenanted to commence judicial foreclosure proceedings against all parcels 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. The District will commence judicial foreclosure proceedings against 2023/2024 CFD 04-1 (Gray's Crossing) Page 5 of 7 Page 219 of 234 INVWILLDAN all parcels with delinquent Special Taxes by the October 1 following the close of each Fiscal Year in which it receives Special Tax in an amount which is less than 95% of the total Special Tax levied for such Fiscal Year. The District is pursuing foreclosure actions on delinquent parcels pursuant to the Trust Agreement. On August 14, 2024, a Notice of Intent to Remove Delinquent Special Tax Installments from the Tax Roll was recorded with Nevada County for nine (9) delinquent parcels. Two (2) parcels paid their Special Taxes on August 13, 2024 and August 29, 2024. On September 18, 2024, seven (7) parcels were sent to the Foreclosure Attorney for collection. As of the date of this Report, six (6) parcels remain delinquent. All are in the process of Foreclosure (see listing below). Assessor's Parcel Number First Year Delinquent Amount Delinquent 019-770-002-000 2009/10 $2,581,667.85 019-800-020-000 2023/24 $2,258.05 019-900-022-000 2022/23 $11,900.84 043-010-005-000 2009/10 $1,235,370.50 043-010-007-000 2009/10 $2,103,306.64 043-050-015-000 2023/24 $1,311.13 Amount delinquent as of January 14,2025. Source:Nevada County Tax Collector,as compiled by Willdan Financial Services. C. VALUE TO LIEN RATIOS The following table sets forth the Assessed Value to Lien Ratio for the properties within the District based on land use. 2024/25 Total Value-to- Maximum Percent of Applied Parcel Assessed Lien of Lie n Special Maximum Special Category Count Value Bonds(l) Ratio Tax Special Tax Tax Residential(2) 408 $505,996,135 $15,364,439 32.93 $2,082,072 60.64% $2,082,068 Golf Course 6 2,843,460 2,193,079 1.30 297,189 8.66% 297,189 Undeveloped(3) 11 3,475,203 7,777,482 0.45 1,053,945 30.70% 1,053,945 f M Calculated as the pro-rata share of the Maximum Tax times the principal outstanding on the Bonds as of June 30,2024. (2)The Residential Category contains 145 parcels that have no structure value. 0)The Undeveloped Category contains 7 Commercial parcels. Source:Nevada County 2024125 Secured Property Roll,as compiled by Willdan Financial Services. 2023/2024 CFD 04-1 (Gray's Crossing) Page 6 of 7 Page 220 of 234 WrWILLDAN D. PRINCIPAL PROPERTY OWNERS The following table sets forth the principal property owners within the District for Fiscal Year 2024/25. The information in this table is based on the Nevada County 2024/25 Secured Property Roll and does not reflect any subsequent development and change of ownership, nor any increase in assessed value due to recent changes of ownership or re-assessments by the Nevada County Assessor. OwnerAssessed Value 2024/25 2024/25 Maximum Applied Parcel Special Special Property Siddiqui Family Partnership LP(1) 2 $562,208 $562,208 $1,184,780 $- $1,184,780 Dk Alviso LLC(1) 1 306,068 306,068 536,099 - 536,099 Tahoe Club Co. LLC 6 297,189 297,189 1,001,768 1,841,692 2,843,460 Gray's Crossing Investments LLC (1) 7 96,735 96,735 991,168 - 991,168 Gray's Crossing Land Holdings LLC(1) 1 88,934 88,934 763,156 - 763,156 Village at Gray's Crossing LLC(1) 21 64,193 64,193 2,337,600 - 2,337,600 Greenstein Martin R Trste Etal 10 45,730 45,730 603,666 2,979,234 3,582,900 Investment Specialty Group LLC 4 23,218 23,218 1,297,967 1,447,471 2,745,438 Case John S Trste Etal 3 16,160 16,160 490,791 2,026,913 2,517,704 Rahimian Javad &Shirin Trstes 2 11,888 11,888 261,209 2,939,546 3,200,755 Other Property Owners 368 1,920,884 1,920,881 83,212,414 408,399,324 491,611,738 Total 425 i7 $3,433,203 $92,680,618 :i (1)Parcels are categorized as undeveloped. Note:Totals may not tie due to rounding. Source:Nevada County 2024125 Secured Roll as compiled by Willdan Financial Services. E. CHANGES TO THE RATE AND METHOD OF APPORTIONMENT There have been no changes to the Rate and Method of Apportionment of Special Tax approved or submitted to qualified electors for approval prior to the filing of the Report. F. CALIFORNIA DEBT INVESTMENT ADVISORY COMMISSION (CDIAC) REPORT Copies of the most recent State of California Debt and Investment Advisory Commission Mello-Roos Yearly Status Reports for the Bonds are attached to this Report. 2023/2024 CFD 04-1 (Gray's Crossing) Page 7 of 7 Page 221 of 234 MELLO ROOS REPORT�Ew*Tf CDIAC#: 2004-1553 ,E � c California Debt and Investment Advisory Commission, 915 Capitol Mall, Status: Submitted °' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA 10/22/2024 4rorty�. 94209-0001 Tel.: (916)653-3269 Fax: (916)654-7440 Information as of Reporting Year End: 6/30/2024 Issuance Issuer Name: Truckee Donner Public Utility District CFD No 04-1 Issue Name: 2004 Special Tax Bonds Project Name: Gray's Crossing Actual Sale Date: 8/31/2004 Settlement Date: 9/14/2004 Original Principal Amount: $15,375,000.00 Date of Filing: 10/22/2024 Reserve Fund Minimum Balance: Yes Reserve Fund Minimum Balance Amount: $1,520,876.24 Credit Rating from Report of Final Sale Credit Rating: Not Rated Standard&Poor: Fitch: Moody's: Other: Credit Rating from Mello-Roos Last Yearly Fiscal Status Report Credit Rating: Not Rated Standard&Poor: Fitch: Moody's: Other: Credit Rating for This Reporting Period Credit Rating: Not Rated Standard&Poor: Page 1 of 3 Page 222 of 234 MELLO ROOS REPORT�Ew*Tf CDIAC#: 2004-1553 ,E � c California Debt and Investment Advisory Commission, 915 Capitol Mall, Status: Submitted '' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA 10/22/2024 4rorty�. 94209-0001 Tel.: (916)653-3269 Fax: (916)654-7440 Fitch: Moody's: Other: Fund Balance Principal Amount of Bonds Outstanding: $11,460,000.00 Bond Reserve Fund: $970,590.20 Capitalized Interest Fund: $0.00 Construction Fund(s): $0.00 Assessed Value Assessed or Appraised Value Reported as of: 7/l/2024 Use Appraised Value only in first year or before annual tax roll billing commences: From Equalized Tax Roll Total Assessed Value of All Parcels: $512,314,798.00 Tax Collection Total Amount of Special Taxes Due Annually: $3,032,769.68 Total Amount of Unpaid Special Taxes Annually: $600,973.16 Does this agency participate in the County's Teeter Plan? No Delinquent Reporting Delinquent Parcel Information Reported as of Equalized Tax Roll of: 8/29/2024 Total Number of Delinquent Parcels: 12 Total Amount of Special Taxes Due on Delinquent Parcels: $5,962,461.74 Delinquency Parcel Reporting Document Type Document Name File Upload Date Delinquent Parcel Detail Report CFD 04-1 DQ Report.pdf 10/22/2024 Foreclosure Page 2 of 3 Page 223 of 234 MELLO ROOS REPORT�Ew*Tf CDIAC#: 2004-1553 ,E � c California Debt and Investment Advisory Commission, 915 Capitol Mall, Status: Submitted '' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA 10/22/2024 4rorty�. 94209-0001 Tel.: (916)653-3269 Fax: (916)654-7440 Date Foreclosure Total Number of Foreclosure Total Amount of Tax on Foreclosure Commenced Parcels Parcels 8/14/2024 9 $606,709.00 Retired Issues Indicate Reason for Retirement: Not Retired Filing Contact Filing Contact Name: Richelle Lane Agency/Organization Name: Willdan Financial Services Address: 27368 Via Industria, Ste 200 City: Temecula State: CA Zip Code: 92590 Telephone: 951-5873519 Fax Number: E-mail: rlane@willdan.com Comments Issuer Comments: A draw on the Reserve Fund was completed on 9/l/24 in order to pay debt service. Submission Date: 10/22/2024 Page 3 of 3 Page 224 of 234 MELLO ROOS REPORT�Ew*Tf CDIAC#: 2005-0453 ,E � c California Debt and Investment Advisory Commission, 915 Capitol Mall, Status: Submitted °' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA 10/22/2024 4rorty�. 94209-0001 Tel.: (916)653-3269 Fax: (916)654-7440 Information as of Reporting Year End: 6/30/2024 Issuance Issuer Name: Truckee Donner Public Utility District CFD No 04-1 Issue Name: 2005 Special Tax Bonds Project Name: Gray's Crossing Actual Sale Date: 6/21/2005 Settlement Date: 6/21/2005 Original Principal Amount: $19,155,000.00 Date of Filing: Reserve Fund Minimum Balance: Yes Reserve Fund Minimum Balance Amount: $1,795,365.00 Credit Rating from Report of Final Sale Credit Rating: Not Rated Standard&Poor: Fitch: Moody's: Other: Credit Rating from Mello-Roos Last Yearly Fiscal Status Report Credit Rating: Not Rated Standard&Poor: Fitch: Moody's: Other: Credit Rating for This Reporting Period Credit Rating: Not Rated Standard&Poor: Page 1 of 3 Page 225 of 234 MELLO ROOS REPORT�Ew*Tf CDIAC#: 2005-0453 ,E � c California Debt and Investment Advisory Commission, 915 Capitol Mall, Status: Submitted °' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA 10/22/2024 4rorty�. 94209-0001 Tel.: (916)653-3269 Fax: (916)654-7440 Fitch: Moody's: Other: Fund Balance Principal Amount of Bonds Outstanding: $13,830,000.00 Bond Reserve Fund: $1,145,762.97 Capitalized Interest Fund: $0.00 Construction Fund(s): $0.00 Assessed Value Assessed or Appraised Value Reported as of: 7/l/2024 Use Appraised Value only in first year or before annual tax roll billing commences: From Equalized Tax Roll Total Assessed Value of All Parcels: $512,314,798.00 Tax Collection Total Amount of Special Taxes Due Annually: $3,032,769.68 Total Amount of Unpaid Special Taxes Annually: $600,973.16 Does this agency participate in the County's Teeter Plan? No Delinquent Reporting Delinquent Parcel Information Reported as of Equalized Tax Roll of: 8/29/2024 Total Number of Delinquent Parcels: 12 Total Amount of Special Taxes Due on Delinquent Parcels: $5,962,461.74 Delinquency Parcel Reporting Document Type Document Name File Upload Date Delinquent Parcel Detail Report CFD 04-1 DQ Report.pdf 10/22/2024 Foreclosure Page 2 of 3 Page 226 of 234 MELLO ROOS REPORT�Ew*Tf CDIAC#: 2005-0453 ,E � c California Debt and Investment Advisory Commission, 915 Capitol Mall, Status: Submitted °' Room 400, Sacramento, CA 95814 P.O. Box 942809, Sacramento, CA 10/22/2024 4rorty�. 94209-0001 Tel.: (916)653-3269 Fax: (916)654-7440 Date Foreclosure Total Number of Foreclosure Total Amount of Tax on Foreclosure Commenced Parcels Parcels 8/14/2024 9 $606,709.00 Retired Issues Indicate Reason for Retirement: Not Retired Filing Contact Filing Contact Name: Richelle Lane Agency/Organization Name: Willdan Financial Services Address: 27368 Via Industria, Ste 200 City: Temecula State: CA Zip Code: 92590 Telephone: 951-5873519 Fax Number: E-mail: rlane@willdan.com Comments Issuer Comments: A draw on the Reserve Fund was completed on 9/l/24 in order to pay debt service. Page 3 of 3 Page 227 of 234 AGENDA ITEM #20 Public Utility District m MEETING DATE: April 2, 2025 TO: Board of Directors FROM: Jillian Steward, Director of Human Resources & Risk Management SUBJECT: Consideration for Designation of Labor Negotiators for the General Manager's Employment Contract APPROVED BY: Brian C. Wright, General Manager RECOMMENDATION: Appoint two members of the District's Board of Directors to serve as negotiators for the General Manager's Employment Contract BACKGROUND: The General Manager's roles and responsibilities are outlined in the District Code, Title 2 - Administration. The General Manager reports directly to the Board of Directors under the terms of an employment contract requiring update and renewal in July, 2025. ANALYSIS AND BODY: Government Code Section 54957.6(a) outlines that prior to meeting on matters regarding employment/labor agreements the Board must identify and designate its negotiators. In preparation for meetings with the Board and negotiations of updated terms associated with the general manager's employment agreement, staff is recommending the Board designate its labor negotiators. Historically, the Board has designated its President and Vice President to serve as labor negotiators for the General Manager's employment agreements. GOALS AND OBJECTIVES: District Code 1 .05.020 Objectives: 1. Responsibly serve the public. 2. Provide a healthy and safe work environment for all District employees. 3. Provide reliable and high quality water supply and distribution system to meet current and future needs. 4. Provide reliable and high quality electric supply and distribution system to meet current and future needs. 5. Manage the District in an environmentally sound manner. 6. Manage the District in an effective, efficient and fiscally responsible manner. Page 1 of 2 Page 228 of 234 District Code 1.05.030 Goals: 1. Manage for Financial Stability and Resiliency 2. Environmental Stewardship: Create a sustainable resilient environment for all our communities. 3. Engage with our customers and communities in a welcoming and transparent way to identify opportunities. 4. Modernize the utility and add value to our communities through collaboration and innovation. 5. Developing an inclusive culture drives organizational integration and success. FISCAL IMPACT: There is no direct fiscal impact associated with this item. The final negotiated terms of the general manager's employment agreement will be presented for consideration at a future regularly scheduled meeting. ATTACHMENTS: None Page 2 of 2 Page 229 of 234 RECEIVED MAR 17 2025 LOCAL AGENCY FORMATION COMMISSION OF NEVADA COUNTY Special Districts Regular Member (Term to expire in May 2029) Election Ballot — March/April 2025 TRUCKEE DONNER PUBLIC UTILITY DISTRICT Rich Johansen,Nevada Irrigation District Board Member Nominated by: Nevada Irrigation District Board of Directors Patricia Nelson,Nevada County Consolidated Fire District Board Member Nominated by: Nevada County Consolidated Fire District Chair of the Board of Directors Signature Printed Name Must be received by LAFCo no later than April 25, 2025 Page 230 of 234 Nevada County LAFCo Local 950 Maidu Avenue Agency P.O. Box 599002 Formation Nevada City, CA 95959-7902 Commission Phone: 530-265-7180 E mail: lafco@nevadacountyca.gov https://www.mynevadacounty.com/907 Josh Susman,Chair March 12, 2025 Public Ricki Heck To: The Boards of Directors Districts Nevada County Independent Special Districts Hilary Hodge Cares From: Deborah Gilcrest, Clerk/Analyst Sue Hoek Subject: Ballot Packet—Open District Member Seat on LAFCo County Enclosed is a ballot showing the names of the two candidates nominated Gordon Mange],Vice-Chair Districts for the Regular Member open seat on Nevada LAFCo. The nominations were made as follows by district board resolution: Gary Petersen cities . Rich Johansen, Nevada Irrigation District Board member Lisa Swarthout . Patricia Nelson, Nevada County Consolidated Fire District Board County member Regarding the enclosed ballot, only the Chair of the District's Board of Hardy Bullock Directors or an appointed substitute may complete and sign the ballot. If a County Alternate substitute is to sign the ballot, a copy of the resolution appointing him or her Courtney Henderson must be included with the returned ballot. Lack of this person's original Cities Altermte signature on the ballot will invalidate that district's vote. Rich Johansen Districts Alternate The signed ballot must be received in the LAFCo office no later than Friday, April 25, 2026. Ballots received after 5:00 p.m. on that date will be invalid Public lte and will not be counted. To ensure the vote occurs at your next regularly Public Alternate scheduled meeting, this information is also being seat via email. The votes will be tallied by LAFCo staff, in the presence of a witness not SR Jones Executive Officer affiliated with LAFCo or any nominee, within seven (7) days. Any person who wishes to witness the ballot counting should call the LAFCo office to P.Scott Browne learn the date, time and place of the tally. Results of the election will be Legal Counsel sent to each special district and each nominee. Deborah Gilcrest Clerk/Analyst Ballots must be RECEIVED in the LAFCo office NO LATER THAN 5:00 p.m., FRIDAY, April 25, 2025: Additionally, please note that only one nomination was received for the Alternate District member position. Per Section §56332(c)(2)(f)(2) of LAFCo Law, "If only one candidate is nominated for a vacant seat, that candidate shall be deemed appointed." Therefore, Ricki Heck — who was nominated by Nevada Irrigation District, will fill the Alternate member Page 231 of 234 2 vacancy in May of 2025. Ms. Heck is currently serving as a Regular District member on LAFCo. If you have any questions, comments or concerns, please call the LAFCo office at 530-265- 7180, or send an email to: Deborah.Gilcres!@co.nevada.ca.us. Cc: Patricia Nelson, Candidate for Regular District member seat Rich Johansen, Candidate for Regular District member seat Ricki Heck, LAFCo Alternate District member Josh Susman, LAFCo Chairperson --- Public member Gordon Mangel, LAFCo Vice Chairperson --- District member Page 232 of 234 Patricia L.Nelson,Statement of Qualifications for 0 As a Director of the Nevada County Consolidated Fire District(NCCFire),a Special District,since 2014,1 have developed a further understanding of the importance of the Nevada County Local Agency Formation Commission's role in overseeing local government and special district changes to meet current and future community needs. Most recently,that experience has included the proposed consolidation of four fire districts,including NCCFire,Ophir Hill,Penn Valley,and Rough&Ready. My experience with NCCFire has broadened that developed as a professional environmental planner representing industry,utilities,and government. Currently, l hold a position of Environmental Officer/Senior Environmental Planner for the California Governor's Office of Emergency Services Recovery Directorate. As part of this work,l ensure that disaster impacted communities and organizations understand the environmental compliance requirements for state and federal Public Assistance Grant programs and oversee disaster recovery operations. My educational background is: • U.C.Berkeley, B.S.Conservation of Natural Resources • University of San Francisco,M.B.A. Human Resources and Organization Development • John F Kennedy University,Conflict Resolution Certificate + California State University,Sacramento, Human Resource Management Certificate Thank you foryour consideration of me for this elective position. if elected, it would be an honor to serve the Nevada County LAFCo and I would do so reliably. Page 233 of 234 Rich Johansen Statement of Qualifications Regular Voting Member-District Representative Nevada County Local Agency Formation Commission(LAFCo) Since February of 2021,1 have served on Nevada LAFCo as the Alternate District Representative. In addition to overseeing my certified organic farm since 1980,for the past five years t have served as a director on the Nevada Irrigation District. These experiences have taught me the importance of good planning and the conservation of our natural resources. Other public service positions: Nevada County Planning Commissioner-2019&2020 Nevada County Agricultural Advisory Commissioner for 15 years;Chair for 5 years Completed Nevada County Citizen's Academy in 2018 Nevada County Community Advisory Group in 2017 Bear Yuba Land Trust(formerly, Nevada County Land Trust)-President for 2 years Peace Corps Volunteer-Venezuela-1972-1974 Veteran-Army National Guard B.S.in Agricultural Economics and Business Management, UC Davis I appreciate the opportunity to continue my service to Nevada LAFCo. Thank you for your vote! Page 234 of 234