San Joaquin

City of Lathrop

Community Facilities District No. 04-1 (Mossdale Services)

Description:

Shall the City of Lathrop be authorized to levy a special tax solely on lands within the City’s Community Facilities District No. 04-1 (Mossdale Services) (the “CFD”) in accordance with the rate and method contained in the Resolution of Formation of the CFD adopted by the Council of the City on June 22, 2004, annually, commencing in the City’s fiscal year 2004-2005, to pay for certain public services for the CFD and to pay the costs of the City in administering the CFD, and shall the annual appropriations limit of the CFD be established in the amount of $2,000,000? (Election held 6/22/2004.)

Rate:

For initial fiscal year 2004-05, the maximum annual special tax rate is: $780 per unit for low-density residential property; $520 per unit for medium-density residential property; $260 per unit for high-density residential property; and $2,600 per acre for other property. Beginning January 2005, the annual special tax rate shall increase.

Exemptions:

Public property is exempt.

Uniformity:

Non-Uniform

Levy Type:

Mello-Roos Special Tax

Vote in Support (%):

Effective Date

Unavailable

Sunset Date

Unavailable

Election Date:

6/22/2004

More Information:

City of Lathrop

Community Facilities District No. 2003-1 (Mossdale Village)

Description:

Shall the City of Lathrop incur an indebtedness and issue bonds and/or other forms of debt in the maximum aggregate principal amount of $12,000,000, with interest at a rate or rates not to exceed the maximum interest rate permitted by law at the time of sale of such bonds on behalf of Community Facilities District No. 2003-1 (Mossdale Village) (the “CFD”), the proceeds of which bonds will be used for the specific purpose of acquiring and/or constructing certain facilities and pay for the costs of issuing the bonds and related expenses; shall a special tax payable solely from lands within the CFD be levied annually, commencing in the City’s fiscal year 2004-2005, upon lands within the CFD to pay for the principal and interest upon such bonds and pay the costs of the City in administering the CFD, and shall the annual appropriations limit of the CFD be established in the amount of $12,000,000? (Election held 4/1/2003.)

Rate:

For initial fiscal year 2004-05, the maximum special tax rate is: $560 per unit for low-density residential property; $370 per unit for medium-density residential property; $190 per unit for high-density residential property; $3,910 per acre for other property; and $3,910 per acre for undeveloped property. The maximum special tax rate increases annually by up to 2 percent.

Exemptions:

No special tax is levied on up to 201.0 acres of public property; other exemptions apply.

Uniformity:

Non-Uniform

Levy Type:

Mello-Roos Special Tax

Vote in Support (%):

100

Effective Date

6/30/2057

Sunset Date

Unavailable

Election Date:

6/6/2006

More Information:

City of Lathrop

Community Facilities District No. 2003-2 (Joint Wastewater Project)

Description:

Shall the City of Lathrop incur an indebtedness and issue bonds and/or other forms of debt in the maximum aggregate principal amount of $15,000,000, with interest at a rate or rates not to exceed the maximum interest rate permitted by law at the time of sale of such bonds on behalf of Community Facilities District No. 2003-2 (Joint Wastewater Project) (the “CFD”), the proceeds of which bonds will be used for the specific purpose of acquiring and/or constructing certain facilities and pay for the costs of issuing the bonds and related expenses; shall a special tax as specified in the Resolution of Formation adopted by the City Council for the CFD on October 21, 2003 and payable solely from lands within the CFD be levied annually, commencing in the City’s fiscal year 2004-2005, upon lands within the CFD to pay for the principal and interest upon such bonds and pay the costs of the City in administering the CFD, and shall the annual appropriations limit of the CFD be established in the amount of $15,000,000? (Election held 4/1/2003.)

Rate:

For initial fiscal year 2004-05, the maximum special tax rate varies for each of the three improvement areas, ranging from $448 to $614,638, depending on the assessor’s parcel number. In out years, as properties are subdivided, the maximum special tax rate per parcel will be recalculated as specified. The special tax shall not be imposed after 40 years once the first Mello-Roos bond is issued.

Exemptions:

Public property is exempt.

Uniformity:

Non-Uniform

Levy Type:

Mello-Roos Special Tax

Vote in Support (%):

97.49

Effective Date

7/1/2004

Sunset Date

6/30/2040

Election Date:

4/1/2003

More Information:

City of Lathrop

Community Facilities District No. 2005-1 (Historic Lathrop Services)

Description:

Shall the City of Lathrop be authorized to levy a special tax solely on lands within the City’s Community Facilities District No. 2005-1 (Historic Lathrop Services) (the “CFD”) in accordance with the rate and method contained in the Resolution of Formation of the CFD adopted by the Council of the City on November 15, 2005, annually, commencing in the City’s fiscal year 2005/06, to pay for certain public services for the CFD and to pay the costs of the City in administering the CFD, and shall the annual appropriations limit of the CFD be established in the amount of $2,000,000? (Election held 11/15/2005.)

Rate:

For initial fiscal year 2005-06, the maximum special tax is $230 per unit for single-family residential property. The tax rate increases annually

Exemptions:

Public property, multi-family residential property, retail property, office property, industrial property and other specific properties are exempt.

Uniformity:

Non-Uniform

Levy Type:

Mello-Roos Special Tax

Vote in Support (%):

100

Effective Date

Unavailable

Sunset Date

Unavailable

Election Date:

4/1/2003

More Information:

City of Lathrop

Community Facilities District No. 2006-1 (Central Lathrop Specific Plan Phase 1 Infrastructure)

Description:

Shall the City Council of the City of Lathrop be authorized issue up to $200,000,000 in bonds, levy a special tax, and finance public facilities by and through its Community Facilities District No. 2006-1 (Central Lathrop Specific Plan Phase 1 Infrastructure), all as specified in its Resolution Nos. 06-2119 and 06-2120, and shall the appropriations limit for the District for fiscal year 2006-07 be established at $200,000,000? (Election held 6/6/2006.)

Rate:

For initial fiscal year 2006-07, the maximum special tax rate is: $4,000 per unit on lots 7,000 sq. ft. or more for single-family residential parcels; $2,500 per unit for lots 3,000 square feet or less and condominiums and other attached for sale property; $1,200 per unit for high-density residential property; $12,500 per acre or $0.96 per building square foot, whichever is greater; $26,100 per acre for undeveloped property designated for residential property; and $12,500 per acre for undeveloped other property. Other rates apply. The tax increases annually by 2 percent for inflation.

Exemptions:

Public property is exempt. Other exemptions apply.

Uniformity:

Non-Uniform

Levy Type:

Mello-Roos Special Tax

Vote in Support (%):

100

Effective Date

Unavailable

Sunset Date

Unavailable

Election Date:

6/6/2006

More Information:

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