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AGENDA
TEMECULA CITY COUNCIL
SUPPLEMENTAL AGENDA - REGULAR MEETING
COUNCIL CHAMBERS
41000 MAIN STREET
TEMECULA, CALIFORNIA
JULY 25, 2023 - 6:00 PM
TEMECULA PUBLIC FINANCING AUTHORITY
TPFA CONSENT CALENDAR
All matters listed under Consent Calendar are considered to be routine and all will be enacted by one
roll call vote. There will be no discussion of these items unless members of the Temecula Public
Financing Authority request specific items be removed from the Consent Calendar for separate action . A
total of 30 minutes is provided for members of the public to address the Board of Directors on items that
appear on the Consent Calendar. Each speaker is limited to 3 minutes. Public comments may be made in
person at the meeting by submitting a speaker card to the City Clerk. Speaker cards will be called in the
order received. Still images may be displayed on the projector. All other audio and visual use is
prohibited. Public comments may also be submitted by email for inclusion into the record. Email
comments must be received prior to the time the item is called for public comments and submitted to
CouncilComments@temeculaca.gov. All public participation is governed by Council Policy regarding
Public Participation at Meetings adopted by Resolution No . 2021-54.
12 Authorize Fiscal Year 2023-24 Special Tax Levies for the Community Facilities Districts
That the Board of Directors:
1. Adopt by 2/3 vote of the members present the following Motion: “The
Board finds that there is a need to take immediate action on proposed
Resolutions authorizing the levy of special taxes in Community Services
District No. 20-01 (Heirloom Farms - Municipal Services and Facilities)
and the budget related to the levy, based on the Board’s finding that: 1)
there is a need to take immediate action on the items; 2) the need for these
actions came to the attention of the TPFA subsequent to the agenda for
the regular meeting being posted; and 3) the proposed Resolutions must
be submitted to the County prior to the next regular meeting of the
TPFA.”
2. Adopt the following resolutions entitled:
RESOLUTION NO. TPFA
Recommendation:
Page 1
City Council Agenda July 25, 2023
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY AUTHORIZING
THE LEVY OF A SPECIAL TAX IN COMMUNITY FACILITIES
DISTRICT NO. 01-02 (HARVESTON)
RESOLUTION NO. TPFA
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY AUTHORIZING
THE LEVY OF A SPECIAL TAX IN COMMUNITY FACILITIES
DISTRICT NO. 03-06 (HARVESTON II)
RESOLUTION NO. TPFA
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY AUTHORIZING
THE LEVY OF A SPECIAL TAX IN COMMUNITY FACILITIES
DISTRICT NO. 03-01 (CROWNE HILL)
RESOLUTION NO. TPFA
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY AUTHORIZING
THE LEVY OF A SPECIAL TAX IN COMMUNITY FACILITIES
DISTRICT NO. 03-03 (WOLF CREEK)
RESOLUTION NO. TPFA
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY AUTHORIZING
THE LEVY OF A SPECIAL TAX IN COMMUNITY FACILITIES
DISTRICT NO. 03-02 (RORIPAUGH RANCH)
RESOLUTION NO. TPFA
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY AUTHORIZING
THE LEVY OF A SPECIAL TAX IN COMMUNITY FACILITIES
DISTRICT NO. 16-01 (RORIPAUGH RANCH PHASE 2)
RESOLUTION NO. TPFA
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY AUTHORIZING
Page 2
City Council Agenda July 25, 2023
THE LEVY OF A SPECIAL TAX IN COMMUNITY FACILITIES
DISTRICT NO. 19-01 (MUNICIPAL SERVICES)
RESOLUTION NO. TPFA
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY AUTHORIZING
THE LEVY OF A SPECIAL TAX IN COMMUNITY FACILITIES
DISTRICT NO. 20-01 (HEIRLOOM FARMS - MUNICIPAL
SERVICES)
RESOLUTION NO. TPFA
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY AUTHORIZING
THE LEVY OF A SPECIAL TAX IN COMMUNITY FACILITIES
DISTRICT NO. 20-01 (HEIRLOOM FARMS - FACILITIES)
Agenda Report
Resolution CFD 01-02 (Harveston)
CFD 01-02 Budget Report - Special Tax A & B (Harveston)
Resolution CFD 03-06 (Harveston II)
CFD 03-06 Budget Report (Harveston II)
Resolution CFD 03-01 (Crowne Hill)
CFD 03-01 Budget Report (Crowne Hill)
Resolution CFD 03-03 (Wolf Creek)
CFD 03-03 Budget Report (Wolf Creek)
Resolution CFD 03-02 (Roripaugh Ranch)
CFD 03-02 Budget Report (Roripaugh Ranch)
Resolution CFD 16-01 (Roripaugh Ranch Phase 2)
CFD 16-01 Exhibit A (Roripaugh Ranch Phase 2)
CFD 16-01 Budget Report (Roripaugh Ranch Phase 2)
Resolution CFD 19-01 (Municipal Services)
CFD 19-01 Exhibit A (Municipal Services)
CFD 19-01 Budget Report (Municipal Services)
Resolution CFD 20-01 (Heirloom Farms - Municipal Services)
CFD 20-01 Exhibit A (Heirloom Farms – Municipal Services)
CFD 20-01 Budget Report (Heirloom Farms)
Resolution CFD 20-01 (Heirloom Farms - Facilities)
CFD 20-01 Budget Report (Heirloom Farms - Facilities)
Attachments:
ADJOURNMENT
The next regular meeting of the City Council will be held on Tuesday, August 8, 2023, at 4:30 p.m., for
a Closed Session, with regular session commencing at 6:00 p.m., at the Council Chambers located at
Page 3
City Council Agenda July 25, 2023
41000 Main Street, Temecula, California.
NOTICE TO THE PUBLIC
The full agenda packet (including staff reports, public closed session information, and any supplemental material
available after the original posting of the agenda), distributed to a majority of the City Council regarding any
item on the agenda, will be available for public viewing in the main reception area of the Temecula Civic Center
during normal business hours at least 72 hours prior to the meeting. The material will also be available on the
City's website at TemeculaCa.gov. and available for review at the respective meeting. If you have questions
regarding any item on the agenda, please contact the City Clerk’s Department at (951) 694-6444.
Page 4
Item No. 12
MECULA PUBLIC FINANCING AUTHORITY
AGENDA REPORT
TO: Executive Director/Board of Directors
FROM: Jennifer Hennessy, Director of Finance
DATE: July 25, 2023
SUBJECT: Authorize Fiscal Year 2023-24 Special Tax Levies for the Community Facilities
Districts
______________________________________________________________________________
PREPARED BY: Jennifer Hennessy, Director of Finance
RECOMMENDATION: That the Board of Directors:
1. Adopt by 2/3 vote of the members present the following Motion: “The Board finds
that there is a need to take immediate action on the proposed Resolutions
authorizing the levy of special taxes in Community Services District No. 20-01
(Heirloom Farms - Municipal Services and Facilities) and the budget related to the
levy, based on the Board’s finding that: 1) there is a need to take immediate action
on the items; 2) the need for these actions came to the attention of the TPFA
subsequent to the agenda for the regular meeting being posted; and 3) the proposed
Resolutions must be submitted to the County prior to the next regular meeting of
the TPFA.”
2. Adopt the following resolutions entitled:
RESOLUTION NO. TPFA 2023-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 01-02
(HARVESTON)
RESOLUTION NO. TPFA 2023-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 03-06
(HARVESTON II)
RESOLUTION NO. TPFA 2023-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 03-01 (CROWNE
HILL)
RESOLUTION NO. TPFA 2023-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 03-03 (WOLF
CREEK)
RESOLUTION NO. TPFA 2023-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 03-02
(RORIPAUGH RANCH)
RESOLUTION NO. TPFA 2023-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 16-01
(RORIPAUGH RANCH PHASE 2)
RESOLUTION NO. TPFA 2023-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 19-01 (MUNICIPAL
SERVICES)
RESOLUTION NO. TPFA 2023-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 20-01 (HEIRLOOM
FARMS - MUNICIPAL SERVICES)
RESOLUTION NO. TPFA 2023-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 20-01 (HEIRLOOM
FARMS - FACILITIES)
BACKGROUND: The Temecula Public Financing Authority (the “Authority”) was
created pursuant to a joint exercise of powers agreement between the City of Temecula and the
Temecula Redevelopment Agency on April 24, 2001. An Amendment was approved on November
10, 2015 to replace the Temecula Redevelopment Agency with the Successor Agency to the
Temecula Redevelopment Agency, due to the Statewide dissolution of all redevelopment agencies,
effective February 1, 2012. In addition, the Temecula Community Services District and the
Temecula Housing Authority were added as parties to the Authority Joint Exercise of Powers
Agreement.
The special tax levy for each CFD is calculated each year based on the formula established in the
Rate and Method of Apportionment (RMA), established when the CFD was formed. The special
tax levy funds the debt service payments, administrative costs or municipal services which are
detailed in the attached Budget Reports for each CFD. The amount of the levies fluctuate each year
due to changes in delinquency rates, debt service amounts, or administrative charges.
The special tax levies required for Fiscal Year 2023-24, as calculated by the City’s special tax
consultant, Webb Municipal Finance, LLC, are summarized in the following table.
FISCAL IMPACT: The calculated special tax levy required for the 2023-24 Fiscal Year
is listed in the preceding table.
ATTACHMENTS:
1. Resolution CFD 01-02 (Harveston)
2. CFD 01-02 Budget Report – Special Tax A & B (Harveston)
3. Resolution CFD 03-06 (Harveston II)
4. CFD 03-06 Budget Report (Harveston II)
5. Resolution CFD 03-01 (Crowne Hill)
6. CFD 03-01 Budget Report (Crowne Hill)
7. Resolution CFD 03-03 (Wolf Creek)
8. CFD 03-03 Budget Report (Wolf Creek)
9. Resolution CFD 03-02 (Roripaugh Ranch)
10. CFD 03-02 Budget Report (Roripaugh Ranch)
Issue Issue Outstanding FY 22-23 FY 23-24
Name Amount Amount as of Annual Annual
09/01/2023 Levy Levy
Harveston
CFD 01-02 Sp. Tax A
Harveston
CFD 01-02 Sp. Tax B
Harveston II
CFD 03-06
Crowne Hill
CFD 03-01 Ser. A
Crowne Hill
CFD 03-01 Ser. B
Wolf Creek
CFD 03-03
Roripaugh Ranch
CFD 03-02
Roripaugh Ranch Phase 2
CFD 16-01 - Special Tax A
Roripaugh Ranch Phase 2
CFD 16-01 - Special Tax B $181,793.92 $423,854.44 $242,060.52
01/08/2019 Municipal Services
CFD 19-01 $54,044.10 $141,236.34 $87,192.24
Heirloom Farms
CFD 20-01 (Services)$0.00 $75,241.57 $75,241.57
Heirloom Farms
CFD 20-01 (Facilities)$0.00 $384,873.53 $384,873.53
$251,677.34 $2,535.54
Original
Issue
Date
Change from
Prior Year
$17,310,000 $9,440,000 $982,813.52 ($11,776.68)$971,036.84
$254,212.88
08/29/2002 This is a non-bonded special tax
established for the ongoing maintenance
of Harveston Lake.
($2,203.19)
08/07/2003 $12,155,000
$7,325,000 $794,195.69 ($2,253.64)
08/24/2005 $3,865,000
09/09/2004 $4,845,000 $2,615,000 $314,165.53 $311,962.34
$791,942.05
$740,969.19
$1,749,022.66
$275,189.40
$565.09
($89,089.88)
$3,152,245.94
$1,659,932.78
$741,534.28
$3,427,435.34
$30,990,000 $13,700,000 01/08/2004
04/27/2006 $51,250,000 $7,350,000
This is a non-bonded special tax at this
time. The Annual Levy reflects the
assigned rates approved in the Rate and
Method of Apportionment.
04/13/2021
This is a non-bonded special tax
established to pay for ongoing municipal
services provided to this district.
This is a non-bonded special tax
established to pay for ongoing municipal
services provided to this district.
This is a non-bonded special tax
established to pay for ongoing municipal
services provided to this district.
03/16/2017
$42,815,000 $47,055,180
11. Resolution CFD 16-01 (Roripaugh Ranch Phase 2)
12. CFD 16-01 Exhibit A (Roripaugh Ranch Phase 2)
13. CFD 16-01 Budget Report (Roripaugh Ranch Phase 2)
14. Resolution CFD 19-01 (Municipal Services)
15. CFD 19-01 Exhibit A (Municipal Services)
16. CFD 19-01 Budget Report (Municipal Services)
17. Resolution CFD 20-01 (Heirloom Farms - Municipal Services)
18. CFD 20-01 Exhibit A (Heirloom Farms - Municipal Services)
19. CFD 20-01 Budget Report (Heirloom Farms)
20. Resolution CFD 20-01 (Heirloom Farms -Facilities)
21. CFD 20-21 Budget Report (Heirloom Farms – Facilities)
1
RESOLUTION NO. TPFA 2023-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 01-02
(HARVESTON)
THE BOARD OF DIRECTORS OF THE TEMECULA PUBLIC FINANCING
AUTHORITY OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The Temecula Public Financing Authority is the legislative body for
Community Facilities District No. 01-02 (Harveston) (the “CFD”), created pursuant to the Mello-
Roos Community Facilities District Act of 1982, as amended (the “Act”).
Section 2. The Board of Directors has enacted Ordinance No. TPFA 02-01 in
accordance with Government Code Section 53340 authorizing the levy of a special tax assessment
on the property located within the CFD.
Section 3. The Board of Directors has completed all steps necessary to levy a special
tax assessment in accordance with the procedures set forth in the Act.
Section 4. Pursuant to the provisions of Resolution No. TPFA 02 -03 and
Ordinance No. TPFA 02-01, there is to be levied a special tax of $971,036.84 for Special Tax A
and $254,212.88 for Special Tax B on the taxable parcels located in the CFD for Fiscal Year 2023-
24 to be provided by Webb Municipal Finance, LLC, to the Auditor-Controller of the County.
Section 5. Special Tax A and B as set forth above do not exceed the amount previously
authorized by Resolution No. TPFA 02-03 and Ordinance No. TPFA 02-01, and is not in excess
of that previously approved by the qualified electorate of the CFD.
Section 6. The proceeds of the Special Tax A levy shall be used to pay, in whole or in
part, the costs of the following items:
A. Payment of principal and interest on the outstanding authorized bonded
indebtedness.
B. Replenishment of the required bond reserve funds, or other reserve funds, if
necessary.
C. Payment of the administrative costs and incidental expenses of the CFD, as
provided in Resolution No. TPFA 02-03 and the indenture of trust for the CFD and the Act.
The proceeds of the special tax levy shall be used as set forth above and shall not be used
for any other purpose.
2
Section 7. The proceeds of the Special Tax B levy shall be used to pay, in whole or in
part, the costs of providing services, including the salaries of City staff related to and a
proportionate share of City overhead costs, for the maintenance of Harveston Park.
Section 8. The Auditor-Controller of the County is hereby directed to enter
the installment of the special tax for the exact rate and amount of the special tax levied in
accordance with this resolution for each lot or parcel of land affected in a space marked “CFD No.
01-2 (Harveston Special Tax A)” and “CFD No. 01-2 (Harveston Special
Tax B)” on the next County assessment roll on which taxes will become due.
Section 9 . The County Auditor -Controller shall, at the close of the tax
collection period, promptly render to the CFD a detailed report showing the amounts of the special
tax installments, penalties, interest and fees collected, and from which properties they have been
collected. Any expenses to be paid to the Auditor-Controller for carrying out the foregoing
responsibilities shall be in accordance with a contract entered into between the CFD and the
Auditor, pursuant to Section 29304 of the Government Code.
Section 10. The Authority Secretary shall certify adoption of the resolution.
PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Temecula
Public Financing Authority this 25th day of July, 2023.
Zak Schwank, Chair
ATTEST:
Randi Johl, Secretary
[SEAL]
3
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Randi Johl, Secretary of the Temecula Public Financing Authority, do hereby certify that
the foregoing Resolution No. TPFA 2023- was duly and regularly adopted by the Board of
Directors of the Temecula Public Financing Authority at a meeting thereof held on the 25th day of
July, 2023, by the following vote:
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSTAIN: BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
Randi Johl, Secretary
City of Temecula
CFD 01-02 Special Tax A (Harveston)
2016 Special Tax Refunding Bonds
Budget Report
Fiscal Year 2023-24
Debt Service
Item Difference Note/Comment
March Interest Due ($13,431.25)Post 3/1/2023 Bond Call
September Interest Due ($13,431.25)Post 3/1/2023 Bond Call
September Principal Due $15,000.00 Post 3/1/2023 Bond Call
Total Debt Service ($11,862.50)
Administration
Item Rate Levy Rate Levy Difference Note/Comment
Trustee/Paying Agent $3,850.00 $3,850.00 $0.00
Consultant Services $6,847.07 $6,984.01 $136.94
Auditor-Controller (per Fund, No enrollment fee) (1)$87.23 $87.23 $0.00
Auditor-Controller (per Parcel enrollment fee)$0.11 $178.75 $0.11 $178.75 $0.00
Treasurer/Tax Collector (per Parcel fee)$0.25 $406.25 $0.25 $406.25 $0.00
City Administrative Costs $1,525.00 $1,525.00 $0.00
Administration Expenses $180.00 $180.00 $0.00
Other Costs $0.00 $0.00 $0.00
Total Administration $13,074.30 $13,211.24 $136.94
Other
Item Difference Note/Comment
Reserve Adjustment $0.00
Delinquency Allowance $0.00 5% Delinquency Allowance Met
Delinquency Charges $0.00
Less: Prior Year Surplus $0.00
Total Other $0.00
Totals
Item Difference Note/Comment
Total Requirement ($11,725.56)
District Adjustment $63.69 Credit due to surplus funds
Enrollment Adjustment
Total Levy ($11,776.68)
Levy % Difference -1.20%
Administration % of Levy 1.36%
City's % of Levy 0.16%
Maximum Authorized Tax $2,245,840.32
Levy % of Maximum Tax 43.24%
Bonds Outstanding After September 1, 2023 $9,440,000
FY 2022-23 Delinquency Rate as of 12/10/2022 2.18%
FY 2022-23 Delinquency Rate as of 4/10/2023 1.99%
FY 2022-23 Parcels Levied 1,625
FY 2023-24 Projected Parcels to Levy 1,625
Final Maturity 2036
(1) Current Year Per Fund No Charge based upon Auditor-Controller Letter Dated June 1, 2023.
Note/Comment
Bonds call protected until 9/1/2026
Levy Levy
2022-23 2023-24
Levy Levy
Factors:
$988,861.80 $977,136.24
($6,035.70) ($6,099.40)
$982,813.52
2022-23 2023-24
2022-23 2023-24
2022-23 2023-24
Levy
$209,462.50
$209,462.50
$545,000.00
$963,925.00
$222,893.75
$222,893.75
$530,000.00
$975,787.50
Levy
$971,036.84
($12.58)
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
City of Temecula Services CFD (No DSS)
CFD 01-02 Special Tax B (Harveston)
Budget Report
Fiscal Year 2023-24
Maintenance & Services
Item Difference Note/Comment
Park Maintenance $250,024.41 $252,488.45 $2,464.04
Total Maintenance and Services $250,024.41 $252,488.45 $2,464.04
Administration
Item Rate Levy Rate Levy Difference Note/Comment
Auditor-Controller (per Fund No enrollment fee) (1)$87.23 $87.23 $0.00
Auditor-Controller (per Parcel enrollment fee)$0.11 $178.53 $0.11 $194.70 $16.17
Treasurer/Tax Collector (per Parcel fee)$0.25 $405.75 $0.25 $442.50 $36.75
City Administrative Costs $1,000.00 $1,000.00 $0.00
Other Costs $0.00 $0.00 $0.00
Total Administration $1,671.51 $1,724.43 $52.92
Other
Item Difference Note/Comment
Reserve Adjustment $0.00
Delinquency Allowance $0.00
Delinquency Charges $0.00
Less: Prior Year Surplus $0.00
Total Other $0.00
Totals
Item Difference Note/Comment
Total Requirement $2,516.96 1% annual increase per RMA
District Adjustment $0.00
Enrollment Adjustment ($18.58)
Total Levy $2,535.54
Levy % Difference 1.01%147 Heirloom Farms parcels to be newly taxed
Administration % of Levy 0.68%
City's % of Levy 0.39%
Maximum Authorized Tax $254,212.88
Levy % of Maximum Tax 100.00%
Bonds Outstanding After September 1, 2023 N/A
FY 2022-23 Delinquency Rate as of 12/10/2022 1.99%
FY 2022-23 Delinquency Rate as of 4/10/2023 1.67%
FY 2022-23 Parcels Levied 1,623
FY 2023-24 Projected Parcels to Levy 1,770
Final Maturity N/A
(1) Current Year Per Fund No Charge based upon Auditor-Controller Letter Dated June 1, 2023.
Note/Comment
Max tax increases 1% per year
Levy Levy
Factors:
$0.00 $0.00
$251,677.34 $254,212.88
$0.00 $0.00
$0.00 $0.00
$0.00
2022-23 2023-24
2022-23 2023-24
2022-23 2023-24
Levy Levy
$0.00
$0.00 $0.00
$0.00 $0.00
$251,695.92 $254,212.88
2022-23 2023-24
Levy Levy
1
RESOLUTION NO. TPFA 2023-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 03-06
(HARVESTON II)
THE BOARD OF DIRECTORS OF THE TEMECULA PUBLIC FINANCING
AUTHORITY OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The Temecula Public Financing Authority is the legislative body for
Community Facilities District No. 03-06 (Harveston II) (the “CFD”), created pursuant to the
Mello-Roos Community Facilities District Act of 1982, as amended (the “Act”).
Section 2. The Board of Directors has enacted Ordinance No. TPFA 03-03 in
accordance with Government Code Section 53340 authorizing the levy of a special tax assessment
on the property located within the CFD.
Section 3. The Board of Directors has completed all steps necessary to levy a special
tax assessment in accordance with the procedures set forth in the Act.
Section 4. Pursuant to the provisions of Resolution No. TPFA 03 -27 and
Ordinance No. TPFA 03-03, there is to be levied an aggregate special tax of $311,962.34 on the
taxable parcels located in the CFD for Fiscal Year 2023-24 to be provided by Webb Municipal
Finance, LLC, to the Auditor-Controller of the County.
Section 5. The Special Tax levy set forth above does not exceed the amount previously
authorized by Resolution No. TPFA 03-27 and Ordinance No. TPFA 03-03, and is not in excess
of that previously approved by the qualified electorate of the CFD.
Section 6. The proceeds of the Special Tax levy shall be used to pay, in whole
or in part, the costs of the following items:
A. Payment of principal and interest on the outstanding authorized bonded
indebtedness.
B. Replenishment of the required bond reserve funds, or other reserve funds, if
necessary.
C. Payment of the administrative costs and incidental expenses of the CFD, as
provided in Resolution No. TPFA 03-27 and the indenture of trust for the CFD and the Act.
The proceeds of the special tax levy shall be used as set forth above and shall not be used for any
other purpose.
Section 7. The Auditor-Controller of the County is hereby directed to enter the
2
installment of the special tax for the exact rate and amount of the special tax levied in accordance
with this resolution for each lot or parcel of land affected in a space marked “CFD No. 03 -6
(Harveston II)” on the next County assessment roll on which taxes will become due.
Section 8. The County Auditor -Controller shall, at the close of the tax
collection period, promptly render to the CFD a detailed report showing the amounts of the special
tax installments, penalties, interest and fees collected, and from which properties they have been
collected. Any expenses to be paid to the Auditor-Controller for carrying out the foregoing
responsibilities shall be in accordance with a contract entered into between the CFD and the
Auditor, pursuant to Section 29304 of the Government Code.
Section 9. The Authority Secretary shall certify adoption of the resolution.
PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Temecula
Public Financing Authority this 25th day of July, 2023.
Zak Schwank, Chair
ATTEST:
Randi Johl, Secretary
[SEAL]
3
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Randi Johl, Secretary of the Temecula Public Financing Authority, do hereby certify that
the foregoing Resolution No. TPFA 2023- was duly and regularly adopted by the Board of
Directors of the Temecula Public Financing Authority at a meeting thereof held on the 25th day of
July, 2023, by the following vote:
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSTAIN: BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
Randi Johl, Secretary
City of Temecula
CFD 03-06 (Harveston II)
Special Tax Refunding Bonds, Series 2012
Budget Report
Fiscal Year 2023-24
Debt Service
Item Difference Note/Comment
March Interest Due $57,737.50 $54,412.50 ($3,325.00)
September Interest Due $57,737.50 $54,412.50 ($3,325.00)
September Principal Due $190,000.00 $195,000.00 $5,000.00
Total Debt Service $305,475.00 $303,825.00 ($1,650.00)
Administration
Item Rate Levy Rate Levy Difference Note/Comment
Trustee/Paying Agent $2,195.00 $2,195.00 $0.00
Consultant Services $6,847.07 $6,984.01 $136.94
Auditor-Controller (per Fund No enrollment fee) (1)$87.23 $87.23 $0.00
Auditor-Controller (per Parcel enrollment fee)$0.11 $138.71 $0.11 $138.71 $0.00
Treasurer/Tax Collector (per Parcel fee)$0.25 $315.25 $0.25 $315.25 $0.00
Delinquency Management $0.00 $0.00 $0.00
Continuing Disclosure/Dissemination $0.00 $0.00 $0.00
City Administrative Costs $1,525.00 $1,525.00 $0.00
Administration Expenses $150.00 $150.00 $0.00
Other Costs $0.00 $0.00 $0.00
Total Administration $11,258.26 $11,395.20 $136.94
Other
Item Difference Note/Comment
Reserve Adjustment $0.00
Delinquency Allowance $0.00 5% Delinquency Allowance Met
Delinquency Charges $0.00
Less: Prior Year Surplus $0.00
Total Other $0.00
Totals
Item Difference Note/Comment
Total Requirement ($1,513.06)
District Adjustment $709.41 Credit due to surplus funds
Enrollment Adjustment ($19.27)
Actual Levy ($2,203.19)
Levy % Difference -0.70%
Administration % of Levy 3.65%
City's % of Levy 0.49%
Maximum Authorized Tax $443,181.75
Levy % of Maximum Tax 70.39%
Bonds Outstanding After September 1, 2023 $2,615,000
FY 2022-23 Delinquency Rate as of 12/10/2022 2.46%
FY 2022-23 Delinquency Rate as of 4/10/2023 1.78%
FY 2022-23 Parcels Levied 1,261
FY 2023-24 Projected Parcels to Levy 1,261
Final Maturity 2034
(1) Current Year Per Fund No Charge based upon Auditor-Controller Letter Dated June 1, 2023.
Note/Comment
Bonds call protected until 9/1/2022
2022-23 2023-24
Levy Levy
Levy Levy
2022-23 2023-24
2022-23 2023-24
2022-23 2023-24
Levy Levy
Factors:
$316,733.26 $315,220.20
($3,257.86)
$314,165.53 $311,962.34
($2,548.45)
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
1
RESOLUTION NO. TPFA 2023-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 03-01
(CROWNE HILL)
THE BOARD OF DIRECTORS OF THE TEMECULA PUBLIC FINANCING
AUTHORITY OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The Temecula Public Financing Authority is the legislative body for
Community Facilities District No. 03-01 (Crowne Hill) (the “CFD”), created pursuant to the
Mello-Roos Community Facilities District Act of 1982, as amended (the “Act”).
Section 2. The Board of Directors has enacted Ordinance No. TPFA 03-01 in
accordance with Government Code Section 53340 authorizing the levy of a special tax assessment
on the property located within the CFD.
Section 3. The Board of Directors has completed all steps necessary to levy a special
tax assessment in accordance with the procedures set forth in the Act.
Section 4. Pursuant to the provisions of Resolution No. TPFA 03 -05 and
Ordinance No. TPFA 03-01, there is to be levied an aggregate special tax of $791,942.05 on the
taxable parcels located in the CFD for Fiscal Year 2023-24 to be provided by Webb Municipal
Finance, LLC, to the Auditor-Controller of the County.
Section 5. The Special Tax levy set forth above does not exceed the amount previously
authorized by Resolution No. TPFA 03-05 and Ordinance No. TPFA 03-01, and is not in excess
of that previously approved by the qualified electorate of the CFD.
Section 6. The proceeds of the Special Tax levy shall be used to pay, in whole or in
part, the costs of the following items:
A. Payment of principal and interest on the outstanding authorized bonded
indebtedness.
B. Replenishment of the required bond reserve funds, or other reserve funds, if
necessary.
C. Payment of the administrative costs and incidental expenses of the CFD, as
provided in Resolution No. TPFA 03-05 the Indenture of Trust for the CFD and the Act.
The proceeds of the special tax levy shall be used as set forth above and shall not be used for any
other purpose.
2
Section 7. The Auditor-Controller of the County is hereby directed to enter the
installment of the special tax for the exact rate and amount of the special tax levied in accordance
with this resolution for each lot or parcel of land affected in a space marked “CFD No. 03 -1
(Crowne Hill)” on the next County assessment roll on which taxes will become due.
Section 8. The County Auditor -Controller shall, at the close of the tax
collection period, promptly render to the CFD a detailed report showing the amounts of the special
tax installments, penalties, interest and fees collected, and from which properties they have been
collected. Any expenses to be paid to the Auditor-Controller for carrying out the foregoing
responsibilities shall be in accordance with a contract entered into between the CFD and the
Auditor, pursuant to Section 29304 of the Government Code.
Section 9. The Authority Secretary shall certify adoption of the resolution.
PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Temecula
Public Financing Authority this 25th day of July, 2023.
Zak Schwank, Chair
ATTEST:
Randi Johl, Secretary
[SEAL]
3
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Randi Johl, Secretary of the Temecula Public Financing Authority, do hereby certify that
the foregoing Resolution No. TPFA 2023- was duly and regularly adopted by the Board of
Directors of the Temecula Public Financing Authority at a meeting thereof held on the 25th day of
July, 2023, by the following vote:
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSTAIN: BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
Randi Johl, Secretary
City of Temecula
CFD 03-01 (Crowne Hill)
Special Tax Refunding Bonds, Series 2017 and Special Tax Refunding Bonds, Series 2012
Budget Report
Fiscal Year 2023-24
Debt Service
Item Series 2012 Series 2017 Series 2012 Series 2017 Difference Note/Comment
March Interest Due $132,415.63 $30,718.75 $124,890.63 $30,368.75 ($7,875.00)
September Interest Due $132,415.63 $30,718.75 $124,890.63 $30,368.75 ($7,875.00)
September Principal Due $430,000.00 $35,000.00 $445,000.00 $35,000.00 $15,000.00
Total Debt Service $694,831.25 $96,437.50 $694,781.25 $95,737.50 ($750.00)
Administration
Item Rate Levy Rate Levy Difference Note/Comment
Trustee/Paying Agent $4,200.00 $4,200.00 $0.00
Consultant Services $6,847.07 $6,984.01 $136.94
Auditor-Controller (per Fund No enrollment fee) (1)$87.23 $87.23 $0.00
Auditor-Controller (per Parcel enrollment fee)$0.11 $87.56 $0.11 $87.56 $0.00
Treasurer/Tax Collector (per Parcel fee)$0.25 $199.00 $0.25 $199.00 $0.00
City Administrative Costs $1,525.00 $1,525.00 $0.00
Administration Expenses $160.00 $160.00 $0.00
Other Costs $0.00 $0.00 $0.00
Total Administration $13,105.86 $13,242.80 $136.94
Other
Item Difference Note/Comment
Reserve Adjustment $0.00
Delinquency Allowance $0.00 5% Delinquency Allowance Met
Delinquency Charges $0.00
Less: Prior Year Surplus $0.00
Total Other $0.00
Totals
Item Difference Note/Comment
Total Requirement ($613.06)
District Adjustment $1,649.28 Credit due to surplus funds
Enrollment Adjustment ($8.70)
Actual Levy ($2,253.64)
Levy % Difference -0.28%2012 bonds call protected until 9/1/2022
Administration % of Levy 1.67%
City's % of Levy 0.19%
Maximum Authorized Tax $2,003,682.40
Levy % of Maximum Tax 39.52%
Series 2012 Bonds Outstanding After September 1, 2023 $5,405,000
Series 2017 Bonds Outstanding After September 1, 2023 $1,920,000
Total Bonds Outstanding Prior to Levy $7,325,000
FY 2022-23 Delinquency Rate as of 12/10/2022 3.90%
FY 2022-23 Delinquency Rate as of 4/10/2023 2.62%
FY 2022-23 Parcels Levied 796
FY 2023-24 Projected Parcels to Levy 796
Final Maturity 2035
(1) Current Year Per Fund No Charge based upon Auditor-Controller Letter Dated June 1, 2023.
Note/Comment
2017 bonds redeemed the 2005-B bonds
2017 bonds call protected until 9/1/2022
2022-23 2023-24
Levy Levy
2022-23 2023-24
Factors:
2022-23 2023-24
2022-23 2023-24
Levy Levy
$804,374.61 $803,761.55
($10,170.22) ($11,819.50)
$794,195.69 $791,942.05
$0.00 $0.00
$0.00
$0.00 $0.00
$0.00
$0.00 $0.00
$0.00 $0.00
1
RESOLUTION NO. TPFA 2023-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 03-03
(WOLF CREEK)
THE BOARD OF DIRECTORS OF THE TEMECULA PUBLIC FINANCING
AUTHORITY DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The Temecula Public Financing Authority is the legislative body for
Community Facilities District No. 03-03 (Wolf Creek) (the “CFD”), created pursuant to the Mello-
Roos Community Facilities District Act of 1982, as amended (the “Act”).
Section 2. The Board of Directors has enacted Ordinance No. TPFA 03-02 in
accordance with Government Code Section 53340 authorizing the levy of a special tax assessment
on the property located within the CFD.
Section 3. The Board of Directors has completed all steps necessary to levy a special
tax assessment in accordance with the procedures set forth in the Act.
Section 4. Pursuant to the provisions of Resolution No. TPFA 03 -22 and
Ordinance No. TPFA 03-02, there is to be levied an aggregate special tax of $1,659,932.78 on the
taxable parcels located in the CFD for Fiscal Year 2023-24 to be provided by Webb Municipal
Finance, LLC, to the Auditor-Controller of the County.
Section 5. The Special Tax levy set forth above does not exceed the amount previously
authorized by Resolution No. TPFA 03-22 and Ordinance No. TPFA 03-02, and is not in excess
of that previously approved by the qualified electorate of the CFD.
Section 6. The proceeds of the Special Tax levy shall be used to pay, in whole
or in part, the costs of the following items:
A. Payment of principal and interest on the outstanding authorized bonded
indebtedness.
B. Replenishment of the required bond reserve funds, or other reserve funds, if
necessary.
C. Payment of the administrative costs and incidental expenses of the CFD, as
provided in Resolution No. TPFA 03-22 and the indenture of trust for the CFD and the Act.
The proceeds of the special tax levy shall be used as set forth above, and shall not be used for any
other purpose.
2
Section 7. The Auditor-Controller of the County is hereby directed to enter the
installment of the special tax for the exact rate and amount of the special tax levied in accordance
with this resolution for each lot or parcel of land affected in a space marked “CFD No. 03-3 (Wolf
Creek)” on the next County assessment roll on which taxes will become due.
Section 8. The County Auditor -Controller shall, at the close of the tax
collection period, promptly render to the CFD a detailed report showing the amounts of the special
tax installments, penalties, interest and fees collected, and from which properties they have been
collected. Any expenses to be paid to the Auditor-Controller for carrying out the foregoing
responsibilities shall be in accordance with a contract entered into between the CFD and the
Auditor, pursuant to Section 29304 of the Government Code.
Section 9. The Authority Secretary shall certify adoption of the resolution.
PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Temecula
Public Financing Authority this 25th day of July, 2023.
Zak Schwank, Chair
ATTEST:
Randi Johl, Secretary
[SEAL]
3
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Randi Johl, Secretary of the Temecula Public Financing Authority, do hereby certify that
the foregoing Resolution No. TPFA 2023- was duly and regularly adopted by the Board of
Directors of the Temecula Public Financing Authority at a meeting thereof held on the 25th day of
July, 2023, by the following vote:
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSTAIN: BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
Randi Johl, Secretary
City of Temecula
CFD 03-03 (Wolf Creek)
2022 Special Tax Refunding Bonds
Budget Report
Fiscal Year 2023-24
Debt Service
Item Difference Note/Comment
March Interest Due $365,500.00 $342,500.00 ($23,000.00)
September Interest Due $365,500.00 $342,500.00 ($23,000.00)
September Principal Due $920,000.00 $965,000.00 $45,000.00
Total Debt Service $1,651,000.00 $1,650,000.00 ($1,000.00)
Administration
Item Rate Levy Rate Levy Difference Note/Comment
Trustee/Paying Agent $2,445.00 $2,445.00 $0.00
Consultant Services $6,847.07 $6,984.01 $136.94
Auditor-Controller (per Fund No enrollment fee) (1)$87.23 $87.23 $0.00
Auditor-Controller (per Parcel enrollment fee)$0.11 $198.66 $0.11 $198.66 $0.00
Treasurer/Tax Collector (per Parcel fee)$0.25 $451.50 $0.25 $451.50 $0.00
Delinquency Management $0.00 $0.00 $0.00
Continuing Disclosure/Dissemination $0.00 $0.00 $0.00
City Administrative Costs $4,576.00 $4,576.00 $0.00
Administration Expenses $150.00 $150.00 $0.00
Other Costs $0.00 $0.00 $0.00
Total Administration $14,755.46 $14,892.40 $136.94
Other
Item Difference Note/Comment
Reserve Adjustment $0.00
Delinquency Allowance $0.00 5% Delinquency Allowance Met
Delinquency Charges $0.00
Less: Prior Year Surplus $0.00
Total Other $0.00
Totals
Item Difference Note/Comment
Total Requirement ($84,150.83)
District Adjustment ($4,959.61)
Enrollment Adjustment ($20.57)
Actual Levy ($89,089.88)
Levy % Difference -5.09%
Administration % of Levy 0.90%
City's % of Levy 0.28%
Maximum Authorized Tax $2,756,688.40
Levy % of Maximum Tax 60.21%
Bonds Outstanding After September 1, 2023 $13,700,000
FY 2022-23 Delinquency Rate as of 12/10/2022 1.76%
FY 2022-23 Delinquency Rate as of 4/10/2023 1.52%
FY 2022-23 Parcels Levied 1,806
FY 2023-24 Projected Parcels to Levy 1,806
Final Maturity 2034
(1) Current Year Per Fund No Charge based upon Auditor-Controller Letter Dated June 1, 2023.
Note/Comment
Bonds refunded in June 2022
2022-23 2023-24
Factors:
2022-23 2023-24
Levy Levy
$1,749,043.23
$0.00 ($4,959.61)
$1,749,022.66 $1,659,932.78
$1,664,892.40
2022-23 2023-24
Levy Levy
Levy Levy
2022-23 2023-24
$0.00 $0.00
$83,287.77 $0.00
$0.00 $0.00
$83,287.77 $0.00
$0.00 $0.00
1
RESOLUTION NO. TPFA 2023-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 03-02
(RORIPAUGH RANCH)
THE BOARD OF DIRECTORS OF THE TEMECULA PUBLIC FINANCING
AUTHORITY OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The Temecula Public Financing Authority is the legislative body for
Community Facilities District No. 03 -02 (Roripaugh Ranch) (the “CFD”), created pursuant to the
Mello-Roos Community Facilities District Act of 1982, as amended (the “Act”).
Section 2. The Board of Directors has enacted Ordinance No. TPFA 05-01 in
accordance with Government Code Section 53340 authorizing the levy of a special tax assessment
on the property located within the CFD.
Section 3. The Board of Directors has completed all steps necessary to levy a special
tax assessment in accordance with the procedures set forth in the Act.
Section 4. Pursuant to the provisions of Resolution No. TPFA 05 -01 and
Ordinance No. TPFA 05-01, there is to be levied an aggregate special tax of $741,534.28 on the
taxable parcels located in the CFD for Fiscal Year 2023-24 to be provided by Webb Municipal
Finance, LLC, to the Auditor-Controller of the County.
Section 5. The Special Tax levy set forth above does not exceed the amount previously
authorized by Resolution No. TPFA 05-01 and Ordinance No. TPFA 05-01, and is not in excess
of that previously approved by the qualified electorate of the CFD.
Section 6. The proceeds of the Special Tax levy shall be used to pay, in whole or in
part, the costs of the following items:
A. Payment of principal and interest on the outstanding authorized bonded
indebtedness.
B. Replenishment of the required bond reserve funds, or other reserve funds, if
necessary.
C. Payment of the administrative costs and incidental expenses of the CFD, as
provided in Resolution No. TPFA 05-01 and the indenture of trust for the CFD and the Act.
The proceeds of the special tax levy shall be used as set forth above, and shall not be used for any
other purpose.
2
Section 7. The Auditor-Controller of the County is hereby directed to enter the
installment of the special tax for the exact rate and amount of the special tax levied in accordance
with this resolution for each lot or parcel of land affected in a space marked “CFD No. 03 -2
(Roripaugh Ranch)” on the next County assessment roll on which taxes will become due.
Section 8. The County Auditor -Controller shall, at the close of the tax
collection period, promptly render to the CFD a detailed report showing the amounts of the special
tax installments, penalties, interest and fees collected, and from which properties they have been
collected. Any expenses to be paid to the Auditor-Controller for carrying out the foregoing
responsibilities shall be in accordance with a contract entered into between the CFD and the
Auditor, pursuant to Section 29304 of the Government Code.
Section 9. The Authority Secretary shall certify adoption of the resolution.
PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Temecula
Public Financing Authority this 25th day of July, 2023.
Zak Schwank, Chair
ATTEST:
Randi Johl, Secretary
[SEAL]
3
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Randi Johl, Secretary of the Temecula Public Financing Authority, do hereby certify that
the foregoing Resolution No. TPFA 2023- was duly and regularly adopted by the Board of
Directors of the Temecula Public Financing Authority at a meeting thereof held on the 25th day of
July, 2023, by the following vote:
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSTAIN: BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
Randi Johl, Secretary
City of Temecula
CFD 03-02 (Roripaugh Ranch)
2017 Special Tax Refunding Bonds
Budget Report
Fiscal Year 2023-24
Debt Service
Item Difference Note/Comment
March Interest Due $160,853.13 $150,478.13 ($10,375.00)
September Interest Due $160,853.13 $150,478.13 ($10,375.00)
September Principal Due $415,000.00 $440,000.00 $25,000.00
Total Debt Service $736,706.25 $740,956.25 $4,250.00
Administration
Item Rate Levy Rate Levy Difference Note/Comment
Trustee/Paying Agent $6,000.00 $6,000.00 $0.00
Consultant Services $6,847.07 $6,984.01 $136.94
Auditor-Controller (per Fund No enrollment fee) (1)$87.23 $87.23 $0.00
Auditor-Controller (per Parcel enrollment fee)$0.11 $55.88 $0.11 $55.88 $0.00
Treasurer/Tax Collector (per Parcel fee)$0.25 $127.00 $0.25 $127.00 $0.00
Delinquency Management $0.00 $0.00 $0.00
Continuing Disclosure/Dissemination $0.00 $0.00 $0.00
City Administrative Costs $4,576.00 $4,576.00 $0.00
Administration Expenses $215.00 $215.00 $0.00
Other Costs $0.00 $0.00 $0.00
Total Administration $17,908.18 $18,045.12 $136.94
Other
Item Difference Note/Comment
Reserve Adjustment $0.00
Delinquency Allowance $0.00 5% Delinquency Allowance Met
Delinquency Charges $0.00
Less: Prior Year Surplus $0.00
Total Other $0.00
Totals
Item Difference Note/Comment
Total Requirement $4,386.94
District Adjustment $3,826.84 Credit due to surplus funds
Enrollment Adjustment ($4.99)
Actual Levy $565.10
Levy % Difference 0.08%Bonds call protected until 9/1/2025
Administration % of Levy 2.43%
City's % of Levy 0.62%
Maximum Authorized Tax $1,462,413.85
Levy % of Maximum Tax 50.71%
Bonds Outstanding After September 1, 2023 $7,350,000
FY 2022-23 Delinquency Rate as of 12/10/2022 1.47%
FY 2022-23 Delinquency Rate as of 4/10/2023 1.22%
FY 2022-23 Parcels Levied 508
FY 2023-24 Projected Parcels to Levy 508
Final Maturity 2036
(1) Current Year Per Fund No Charge based upon Auditor-Controller Letter Dated June 1, 2023.
Note/Comment
CFD is fully developed
2022-23 2022-23
Levy Levy
Levy Levy
2022-23 2022-23
2022-23 2022-23
Factors:
2022-23 2022-23
Levy Levy
$754,614.43 $759,001.37
$740,969.19 $741,534.28
($13,640.25) ($17,467.09)
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
1
RESOLUTION NO. TPFA 2023-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 16-01
(RORIPAUGH RANCH PHASE 2)
THE BOARD OF DIRECTORS OF THE TEMECULA PUBLIC FINANCING
AUTHORITY OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The Temecula Public Financing Authority is the legislative body for
Community Facilities District No. 16-01 (Roripaugh Ranch Phase 2) (the “CFD”), created
pursuant to the Mello-Roos Community Facilities District Act of 1982, as amended (the “Act”).
Section 2. The Board of Directors has enacted Ordinance No. TPFA 16-01 in
accordance with Government Code Section 53340 authorizing the levy of a special tax assessment
on the property located within the CFD.
Section 3. The Board of Directors has completed all steps necessary to levy a special
tax assessment in accordance with the procedures set forth in the Act.
Section 4. Pursuant to the provisions of Resolutio n No. TPFA 16-04 and
Ordinance No. TPFA 16-01, there is to be levied an aggregate special tax of $3,427,435.34 for
Special Tax A and $423,854.44 for Special Tax B on the taxable parcels located in the CFD for
Fiscal Year 2023-24 to be provided by Webb Municipal Finance, LLC, to the Auditor-Controller
of the County.
Section 5. Special Tax A and B as set forth above does not exceed the amount
previously authorized by Resolution No. TPFA 16-04 and Ordinance No. TPFA 16-01 and is not
in excess of that previously approved by the qualified electorate of the CFD.
Section 6. The proceeds of Special Tax A and B shall be used in accordance with the
eligible uses listed on the attached Exhibit A.
The proceeds of the special tax levy shall be used as set forth above and shall not be used
for any other purpose.
Section 7. The Auditor-Controller of the County is hereby directed to enter the
installment of the special tax for the exact rate and amount of the special tax levied in accordance
with this resolution for each lot or parcel of land affected in a space marked “CFD No. 16-01
(Roripaugh Ranch Phase 2 - Special Tax A)” and “CFD No. 16-01 (Roripaugh Ranch Phase 2 -
Special Tax B)” on the next County assessment roll on which taxes will become due.
Section 8. The County Auditor -Controller shall, at the close of the tax
collection period, promptly render to the CFD a detailed report showing the amounts of the special
tax installments, penalties, interest and fees collected, and from which properties they have been
2
collected. Any expenses to be paid to the Auditor-Controller for carrying out the foregoing
responsibilities shall be in accordance with a contract entered into between the CFD and the
Auditor, pursuant to Section 29304 of the Government Code.
Section 9. The Authority Secretary shall certify adoption of the resolution.
PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Temecula
Public Financing Authority this 25th day of July, 2023.
Zak Schwank, Chair
ATTEST:
Randi Johl, Secretary
[SEAL]
3
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Randi Johl, Secretary of the Temecula Public Financing Authority, do hereby certify that
the foregoing Resolution No. TPFA 2023- was duly and regularly adopted by the Board of
Directors of the Temecula Public Financing Authority at a meeting thereof held on the 25th day of
July, 2023, by the following vote:
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSTAIN: BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
Randi Johl, Secretary
City of Temecula
CFD 16-01 (Roripaugh Ranch Phase 2) Facilities
Special Tax Bonds, Series 2017, Series 2023A, and Series 2023B Bonds
Budget Report
Fiscal Year 2023-24
Debt Service
Item 2017 Bonds 2023 Bonds 2017 Bonds 2023 Bonds Difference Note/Comment
March Interest Due $1,193,887.50 $0.00 $1,173,950.00 $149,500.00 $129,562.50
September Interest Due $1,193,887.50 $137,872.22 $1,173,950.00 $149,500.00 ($8,309.72)
September Principal Due $725,000.00 $0.00 $765,000.00 $10,000.00 $50,000.00
Total Debt Service $3,112,775.00 $137,872.22 $3,112,900.00 $309,000.00 $171,252.78
Administration
Item Rate Levy Rate Levy Difference Note/Comment
Trustee/Paying Agent $2,500.00 $2,500.00 $0.00
Consultant Services $6,847.07 $6,984.01 $136.94
Auditor-Controller (per Fund No enrollment fee) (1)$87.23 $87.23 $0.00
Auditor-Controller (per Parcel enrollment fee)$0.11 $95.26 $0.11 $105.38 $10.12
Treasurer/Tax Collector (per Parcel fee)$0.25 $216.50 $0.25 $239.50 $23.00
Delinquency Management $0.00 $0.00 $0.00
Continuing Disclosure/Dissemination $0.00 $0.00 $0.00
City Administrative Costs $3,051.00 $3,051.00 $0.00
Administration Expenses $215.00 $215.00 $0.00
Other Costs $0.00 $0.00 $0.00
Total Administration $13,012.06 $13,182.12 $170.06
Other
Item Difference Note/Comment
Reserve Adjustment $0.00
Delinquency Allowance $0.00 5% Delinquency Allowance Met
Delinquency Charges $0.00
Less: Prior Year Surplus $0.00
Total Other $26,461.97
Totals
Item Difference Note/Comment
Total Requirement $282,833.09
District Adjustment $7,646.78
Enrollment Adjustment ($3.09)
Actual Levy $275,189.40 Increase due to annexation
Levy % Difference 8.73%Bonds call protected until 9/1/2027
Administration % of Levy 0.38%
City's % of Levy 0.09%
Maximum Authorized Tax $5,987,312.33
Levy % of Maximum Tax 57.24%
Bonds Outstanding After September 1, 2023 $47,055,180
FY 2022-23 Delinquency Rate as of 12/10/2022 2.05%
FY 2022-23 Delinquency Rate as of 4/10/2023 4.18%
FY 2022-23 Parcels Levied 866
FY 2023-24 Projected Parcels to Levy 958
Final Maturity 2047
(1) Current Year Per Fund No Charge based upon Auditor-Controller Letter Dated June 1, 2023.
Note/Comment
Parcel count increased due to parcel splits
FY 2023-24 levy includes annexed parcels
2022-23 2023-24
2022-23 2023-24
2022-23 2023-24
Levy Levy
$0.00 $0.00
$26,461.97 $0.00
$0.00 $0.00
$0.00 $0.00
$26,461.97 $0.00
2022-23 2023-24
Levy Levy
Factors:
$3,152,249.03 $3,435,082.12
$0.00 ($7,646.78)
$3,152,245.94 $3,427,435.34
City of Temecula Services CFD (No DSS)
CFD 16-01 (Roripaugh Ranch Phase 2) Services
Budget Report
Fiscal Year 2023-24
Public Safety and Maintenance Services
Item Difference Note/Comment
Public Safety and Maintenance Services $180,581.46 $422,495.41 $241,913.95
Total Public Safety and Maintenance Services $180,581.46 $422,495.41 $241,913.95
Administration
Item Rate Levy Rate Levy Difference Note/Comment
Auditor-Controller (per Fund No enrollment fee) (1)$87.23 $87.23 $0.00
Auditor-Controller (per Parcel enrollment fee)$0.11 $38.72 $0.11 $83.05 $44.33
Treasurer/Tax Collector (per Parcel fee)$0.25 $88.00 $0.25 $188.75 $100.75
City Administrative Costs $1,000.00 $1,000.00 $0.00
Other Costs $0.00 $0.00 $0.00
Total Administration $1,213.95 $1,359.03 $145.08
Other
Item Difference Note/Comment
Reserve Adjustment $0.00
Delinquency Allowance $0.00
Delinquency Charges $0.00
Less: Prior Year Surplus $0.00
Total Other $0.00
Totals
Item Difference Note/Comment
Total Requirement $242,059.03
District Adjustment $0.00
Enrollment Adjustment ($1.49)
Total Levy $242,060.52 CPI increased 8.70%
Levy % Difference 133.15%Rates increase greater of 2% or CPI per year
Administration % of Levy 0.32%
City's % of Levy 0.24%
Maximum Authorized Tax $423,854.44
Levy % of Maximum Tax 100.00%
Bonds Outstanding After September 1, 2023 N/A
FY 2022-23 Delinquency Rate as of 12/10/2022 4.26%
FY 2022-23 Delinquency Rate as of 4/10/2023 2.50%
FY 2022-23 Parcels Levied 352
FY 2023-24 Projected Parcels to Levy 755
Final Maturity N/A
(1) Current Year Per Fund No Charge based upon Auditor-Controller Letter Dated June 1, 2023.
2022-23 2023-24
Levy Levy
2022-23 2023-24
2022-23 2023-24
Levy Levy
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
2022-23 2023-24
Levy Levy
Factors:Note/Comment
403 new permits for FY 2023-24
$181,795.41 $423,854.44
$0.00 $0.00
$181,793.92 $423,854.44
1
RESOLUTION NO. TPFA 2023-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 19-01
(MUNICIPAL SERVICES)
THE BOARD OF DIRECTORS OF THE TEMECULA PUBLIC FINANCING
AUTHORITY OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The Temecula Public Financing Authority is the legislative body for
Community Facilities District No. 19-01 (Municipal Services) (the “CFD”), created pursuant to
the Mello-Roos Community Facilities District Act of 1982, as amended (the “Act”).
Section 2. The Board of Directors has enacted Ordinance No. TPFA 19-01 in
accordance with Government Code Section 53340 authorizing the levy of a special tax assessment
on the property located within the CFD.
Section 3. The Board of Directors has completed all steps necessary to levy a special
tax assessment in accordance with the procedures set forth in the Act.
Section 4. Pursuant to the provisions of Resolution No. TPFA 19-01 and
Ordinance No. TPFA 19-01, there is to be levied an aggregate special tax of $141,236.34 on the
taxable parcels located in the CFD for Fiscal Year 2023-24 to be provided by Webb Municipal
Finance, LLC, to the Auditor-Controller of the County.
Section 5. The Special Tax as set forth above does not exceed the amount previously
authorized by Resolution No. TPFA 19-01 and Ordinance No. TPFA 19-01 and is not in excess of
that previously approved by the qualified electorate of the CFD.
Section 6. The proceeds of the Special Tax shall be used in accordance with the
Municipal Services listed on the attached Exhibit A.
The proceeds of the special tax levy shall be used as set forth above and shall not be used
for any other purpose.
Section 7. The Auditor-Controller of the County is hereby directed to enter the
installment of the special tax for the exact rate and amount of the special tax levied in accordance
with this resolution for each lot or parcel of land affected in a space marked “CFD No. 19-01
(Municipal Services)” on the next County assessment roll on which taxes will become due.
Section 8. The County Auditor -Controller shall, at the close of the tax
collection period, promptly render to the CFD a detailed report showing the amounts of the special
tax installments, penalties, interest and fees collected, and from which properties they have been
collected. Any expenses to be paid to the Auditor-Controller for carrying out the foregoing
2
responsibilities shall be in accordance with a contract entered into between the CFD and the
Auditor, pursuant to Section 29304 of the Government Code.
Section 9. The Authority Secretary shall certify adoption of the resolution.
PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Temecula
Public Financing Authority this 25th day of July, 2023.
Zak Schwank, Chair
ATTEST:
Randi Johl, Secretary
[SEAL]
3
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Randi Johl, Secretary of the Temecula Public Financing Authority, do hereby certify that
the foregoing Resolution No. TPFA 2023- was duly and regularly adopted by the Board of
Directors of the Temecula Public Financing Authority at a meeting thereof held on the 25th day of
July, 2023, by the following vote:
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSTAIN: BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
Randi Johl, Secretary
City of Temecula Services CFD (No DSS)
CFD 19-01 (Municipal Services)
Budget Report
Fiscal Year 2023-24
Public Safety and Maintenance Services
Item Difference Note/Comment
Municipal Services $48,239.85 $135,285.47 $87,045.62
Total Municipal Services $48,239.85 $135,285.47 $87,045.62
Administration
Item Rate Levy Rate Levy Difference Note/Comment
Auditor-Controller (per Fund No enrollment fee) (1)$87.23 $87.23 $0.00
Consultant Services $4,681.80 $4,775.44 $93.64
Auditor-Controller (per Parcel enrollment fee)$0.11 $10.89 $0.11 $26.95 $16.06
Treasurer/Tax Collector (per Parcel fee)$0.25 $24.75 $0.25 $61.25 $36.50
City Administrative Costs $1,000.00 $1,000.00 $0.00
Other Costs $0.00 $0.00 $0.00
Total Administration $5,804.67 $5,950.87 $146.20
Other
Item Difference Note/Comment
Reserve Adjustment $0.00
Delinquency Allowance $0.00
Delinquency Charges $0.00
Less: Prior Year Surplus $0.00
Total Other $0.00
Totals
Item Difference Note/Comment
Total Requirement $87,191.82
District Adjustment $0.00
Enrollment Adjustment ($0.42)
Total Levy $87,192.24
Levy % Difference N/A Rates increase 5.6% per year
Administration % of Levy 4.21%
City's % of Levy 0.71%
Maximum Authorized Tax $141,236.34
Levy % of Maximum Tax 100.00%
Bonds Outstanding After September 1, 2023 N/A
FY 2022-23 Delinquency Rate as of 12/10/2022 2.02%
FY 2022-23 Delinquency Rate as of 4/10/2023 2.53%
FY 2022-23 Parcels Levied 99
FY 2023-24 Projected Parcels to Levy 245
Final Maturity N/A
(1) Current Year Per Fund No Charge based upon Auditor-Controller Letter Dated June 1, 2023.
2022-23 2023-24
Levy Levy
2022-23 2023-24
2022-23 2023-24
Levy Levy
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
2022-23 2023-24
Levy Levy
Factors:Note/Comment
Parcel count increase due to new development
Community is fully developed
$54,044.52 $141,236.34
$0.00 $0.00
$54,044.10 $141,236.34
RESOLUTION NO. TPFA 2023-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 20-01
(HEIRLOOM FARMS - MUNICIPAL SERVICES)
THE BOARD OF DIRECTORS OF THE TEMECULA PUBLIC FINANCING
AUTHORITY OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The Temecula Public Financing Authority is the legislative body for
Community Facilities District No. 20-01 (Heirloom Farms - Municipal Services) (the “CFD”),
created pursuant to the Mello-Roos Community Facilities District Act of 1982, as amended (the
“Act”).
Section 2. The Board of Directors has enacted Ordinance No. TPFA 2021-01 in
accordance with Government Code Section 53340 authorizing the levy of a special tax assessment
on the property located within the CFD.
Section 3. The Board of Directors has completed all steps necessary to levy a special
tax assessment in accordance with the procedures set forth in the Act.
Section 4. Pursuant to the provisions of Resolution No. TPFA 2021-03 and
Ordinance No. TPFA 2021-01, there is to be levied an aggregate special tax of $75,241.57 on the
taxable parcels located in the CFD for Fiscal Year 2023-24 to be provided by Webb Municipal
Finance, LLC, to the Auditor-Controller of the County.
Section 5. The Special Tax as set forth above does not exceed the amount previously
authorized by Resolution No. TPFA 2021-03 and Ordinance No. TPFA 2021-01 and is not in excess
of that previously approved by the qualified electorate of the CFD.
Section 6. The proceeds of the Special Tax shall be used in accordance with the
Municipal Services listed on the attached Exhibit A.
The proceeds of the special tax levy shall be used as set forth above and shall not be used
for any other purpose.
Section 7. The Auditor-Controller of the County is hereby directed to enter the
installment of the special tax for the exact rate and amount of the special tax levied in accordance
with this resolution for each lot or parcel of land affected in a space marked “CFD No. 20-01
(Heirloom Farms)” on the next County assessment roll on which taxes will become due.
Section 8. The County Auditor -Controller shall, at the close of the tax
collection period, promptly render to the CFD a detailed report showing the amounts of the special
tax installments, penalties, interest and fees collected, and from which properties they have been
collected. Any expenses to be paid to the Auditor-Controller for carrying out the foregoing
responsibilities shall be in accordance with a contract entered into between the CFD and the
Auditor, pursuant to Section 29304 of the Government Code.
Section 9. The Authority Secretary shall certify adoption of the resolution.
PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Temecula Public
Financing Authority this 25th day of July, 2023.
Zak Schwank, Chair
ATTEST:
Randi Johl, Secretary
[SEAL]
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Randi Johl, Secretary of the Temecula Public Financing Authority, do hereby certify that
the foregoing Resolution No. TPFA 2023- was duly and regularly adopted by the Board of
Directors of the Temecula Public Financing Authority at a meeting thereof held on the 2 5th day of
July, 2023, by the following vote:
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSTAIN: BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
Randi Johl, Secretary
A-1
EXHIBIT A
TEMECULA PUBLIC FINANCING AUTHORITY
COMMUNITY FACILITIES DISTRICT NO. 20-01
(HEIRLOOM FARMS)
DESCRIPTION OF FACILITIES AND SERVICES TO BE FUNDED BY THE DISTRICT
It is proposed that the District be eligible to finance all or a portion of the costs of the following
facilities:
• The acquisition and construction of: streets (including paving, aggregate base, striping and
traffic marking, sidewalks, curbs, gutters and driveways), including Temecula Center
Drive and Ynez Road within and in the vicinity of the District; stormwater drainage
systems (including storm drain lines, inlets, outlets, channels, structures, junctions,
manholes, catch basins and related dewatering); street light improvements (including
light fixtures, substructures, conduits and service points of connection); and street signage
(including traffic, stop and street name signs).
The foregoing are to include the acquisition of any related right-of-way and other land
needed for the installation of any such improvements, demolition of existing structures
and site leveling needed for the installation of any such improvements, erosion control,
and other appurtenances.
• The acquisition and installation of traffic signal improvements, including traffic signal
interconnection and video surveillance systems, at the intersection of Ynez Road and
Temecula Center Drive.
• Landscaping improvements in the public right of way along or in the vicinity of Temecula
Center Drive, Date Street and Ynez Road, including related appurtenances.
• Capital improvements included in the City of Temecula’s adopted Capital Improvement
Program for Fiscal Years 2021-2025.
• School improvements to be designated by the Temecula Valley Unified School District,
which may include construction of buildings, equipping of school facilities, and
acquisition of support and other appurtenances with a useful life of five years or more.
• Sewer system improvements to be designated by the Eastern Municipal Water District.
The Facilities include the acquisition of right-of-way, the costs of design, engineering and
planning, the costs of any environmental or traffic studies, surveys or other reports, the cost of any
required environmental mitigation and any required noise mitigation measures, landscaping and
irrigation, soils testing, permits, plan check and inspection fees, insurance, legal and related overhead
costs, coordination and supervision and any other costs or appurtenances related to any of the
foregoing.
MUNICIPAL SERVICES
It is proposed that the District be eligible to fund all or a portion of the costs of the following
municipal services:
• Public safety services, including police and fire protection.
A-2
• Maintenance of parks, and landscaping in public areas, public easements and public right
of way in or near the area of the District, such maintenance to include but not be limited
to maintenance of planting areas, trees, bioretention filters, multipurpose trails, and the
furnishing of water for irrigation.
• Maintenance of public signage in or near the District.
• Maintenance of storm drainage systems within or serving the area of the District, and
including storm drain pipes, culverts, detention/desilting basins, manholes, catch basins
and drop inlets, cleanout of storm drains and catch basin cleaning and inspection.
• Maintenance of sidewalks, streets and roadways within or in the vicinity of the area of the
District, and including slurry, overlay, curbs and gutters, curb ramps, striping and street
sweeping.
• Maintenance of street lighting located within or in the vicinity of the District, and
including decorative lighting and pull box assemblies.
• Maintenance of traffic signals, and traffic interconnection and video surveillance systems,
within and in the vicinity of the District, and including electrical, LED replacement,
maintenance and replacement.
• Graffiti removal from public improvements within and in the area of the District.
The District may fund any of the following related to the services described above: the furnishing of
services and materials for the ordinary and usual maintenance, operation and servicing of the
improvements, including repair, removal or replacement of all or part of any of the improvements,
the furnishing of water for the irrigation and the furnishing of electric current or energy, for any lights
or irrigation facilities, obtaining, constructing, furnishing, operating and maintaining equipment,
apparatus or facilities related to providing the services and/or equipment, apparatus, facilities or
fixtures in areas to be maintained, obtaining supplies or appurtenant facilities necessary for such
maintenance, paying the salaries and benefits of personnel necessary or convenient to provide the
services, payment of insurance costs and other related expenses. The District may also provide for the
reimbursement to the City of Temecula to the extent that the City of Temecula advances funds to pay
for any of the foregoing services, and may fund reserves for repairs and replacements and for future
expected costs of services. It is expected that the services will be provided by the City of Temecula,
either with its own employees or by contract with third parties, or any combination thereof.
The services to be financed by the District shall be in addition to those provided in the territory
of the District before the date of creation of the District, and will not supplant services already
available within that territory when the District is created.
OTHER
The District may also finance any of the following:
1. Bond related expenses, including underwriters discount, appraisal and price point study
costs, reserve fund, capitalized interest, bond and disclosure counsel fees and expenses, landowner
counsel fees and expenses, and all other incidental expenses related to any special tax bonds (the
“Bonds”) issued for the District.
2. Administrative fees of the Authority, the City of Temecula and the Bond trustee or fiscal
agent related to the District and the Bonds.
A-3
3. Reimbursement of costs related to the formation of the District advanced by the Authority,
the City of Temecula, any landowner in the District, or any party related to any of the foregoing, as
well as reimbursement of any costs advanced by the Authority, the City of Temecula, any landowner
in the District or any party related to any of the foregoing, for facilities, fees or other purposes or costs
of the District.
City of Temecula Services CFD (No DSS)
CFD 20-01 (Heirloom Farms)
Budget Report
Fiscal Year 2023-24
Public Safety and Maintenance Services
Item Difference Note/Comment
Public Safety and Maintenance Services $0.00 $74,101.42 $74,101.42
Total Public Safety and Maintenance Services $0.00 $74,101.42 $74,101.42
Administration
Item Rate Levy Rate Levy Difference Note/Comment
Auditor-Controller (per Fund No enrollment fee) (1)$0.00 $87.23 $87.23
Auditor-Controller (per Parcel enrollment fee)$0.11 $0.00 $0.11 $16.17 $16.17
Treasurer/Tax Collector (per Parcel fee)$0.25 $0.00 $0.25 $36.75 $36.75
City Administrative Costs $0.00 $1,000.00 $1,000.00
Other Costs $0.00 $0.00 $0.00
Total Administration $0.00 $1,140.15 $1,140.15
Other
Item Difference Note/Comment
Reserve Adjustment $0.00
Delinquency Allowance $0.00
Delinquency Charges $0.00
Less: Prior Year Surplus $0.00
Total Other $0.00
Totals
Item Difference Note/Comment
Total Requirement $75,241.57
District Adjustment $0.00
Enrollment Adjustment $0.00
Total Levy $75,241.57
Levy % Difference N/A Rates increase 5.6% per year
Administration % of Levy 1.52%
City's % of Levy 1.33%
Maximum Authorized Tax $75,241.57
Levy % of Maximum Tax 100.00%
Bonds Outstanding After September 1, 2023 N/A
FY 2022-23 Delinquency Rate as of 12/10/2022 N/A
FY 2022-23 Delinquency Rate as of 4/10/2023 N/A
FY 2022-23 Parcels Levied 0
FY 2023-24 Projected Parcels to Levy 147
Final Maturity N/A
(1) Current Year Per Fund No Charge based upon Auditor-Controller Letter Dated June 1, 2023.
Factors:Note/Comment
147 new permits for FY 2023-24
Max tax is $511.85 per parcel for FY 2023-24
$0.00 $75,241.57
$0.00 $0.00
$0.00 $75,241.57
$0.00 $0.00
2022-23 2023-24
Levy Levy
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
2022-23 2023-24
Levy Levy
$0.00 $0.00
2022-23 2023-24
Levy Levy
2022-23 2023-24
1
RESOLUTION NO. TPFA 2023-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 20-01
(HEIRLOOM FARMS - FACILITIES)
THE BOARD OF DIRECTORS OF THE TEMECULA PUBLIC FINANCING
AUTHORITY OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The Temecula Public Financing Authority is the legislative body for
Community Facilities District No. 20-01 (Heirloom Farms - Facilities) (the “CFD”), created
pursuant to the Mello-Roos Community Facilities District Act of 1982, as amended (the “Act”).
Section 2. The Board of Directors has enacted Ordinance No. TPFA 2021-01 in
accordance with Government Code Section 53340 authorizing the levy of a special tax assessment
on the property located within the CFD.
Section 3. The Board of Directors has completed all steps necessary to levy a special
tax assessment in accordance with the procedures set forth in the Act.
Section 4. Pursuant to the provisions of Resolution No. TPFA 2021-03 and
Ordinance No. TPFA 2021-01, there is to be levied an aggregate special tax of $384,873.53 on the
taxable parcels located in the CFD for Fiscal Year 2023-24 to be provided by Webb Municipal
Finance, LLC, to the Auditor-Controller of the County.
Section 5. The Special Tax as set forth above does not exceed the amount previously
authorized by Resolution No. TPFA 2021-03 and Ordinance No. TPFA 2021-01 and is not in
excess of that previously approved by the qualified electorate of the CFD.
Section 6. The proceeds of the special tax levy shall be used as set forth in the CFD
Report, and used for the payment of administrative costs, eligible facilities, and incidental
expenses of the CFD, and shall not be used for any other purpose.
Section 7. The Auditor-Controller of the County is hereby directed to enter the
installment of the special tax for the exact rate and amount of the special tax levied in accordance
with this resolution for each lot or parcel of land affected in a space marked “CFD No. 20-01
(Heirloom Farms)” on the next County assessment roll on which taxes will become due.
Section 8. The County Auditor -Controller shall, at the close of the tax
collection period, promptly render to the CFD a detailed report showing the amounts of the special
tax installments, penalties, interest and fees collected, and from which properties they have been
collected. Any expenses to be paid to the Auditor-Controller for carrying out the foregoing
responsibilities shall be in accordance with a contract entered into between the CFD and the
Auditor, pursuant to Section 29304 of the Government Code.
2
Section 9. The Authority Secretary shall certify adoption of the resolution.
PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Temecula
Public Financing Authority this 25th day of July, 2023.
Zak Schwank, Chair
ATTEST:
Randi Johl, Secretary
[SEAL]
3
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Randi Johl, Secretary of the Temecula Public Financing Authority, do hereby certify that
the foregoing Resolution No. TPFA 2023- was duly and regularly adopted by the Board of
Directors of the Temecula Public Financing Authority at a meeting thereof held on the 25th day of
July, 2023, by the following vote:
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSTAIN: BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
Randi Johl, Secretary
City of Temecula
CFD 20-01 (Heirloom Farms)
Not Bonded
Budget Report
Fiscal Year 2023-24
Debt Service
Item Difference Note/Comment
March Interest Due $0.00 $0.00 $0.00
September Interest Due $0.00 $0.00 $0.00
September Principal Due $0.00 $0.00 $0.00
Total Debt Service $0.00 $0.00 $0.00
Administration
Item Rate Levy Rate Levy Difference Note/Comment
Trustee/Paying Agent $0.00 $2,500.00 $2,500.00
Consultant Services $0.00 $6,984.01 $6,984.01
Auditor-Controller (per Fund No enrollment fee) (1)$0.00 $87.23 $87.23
Auditor-Controller (per Parcel enrollment fee)$0.11 $0.00 $0.11 $16.17 $16.17
Treasurer/Tax Collector (per Parcel fee)$0.25 $0.00 $0.25 $36.75 $36.75
Delinquency Management $0.00 $0.00 $0.00
Continuing Disclosure/Dissemination $0.00 $0.00 $0.00
City Administrative Costs $0.00 $1,525.00 $1,525.00
Administration Expenses $0.00 $150.00 $150.00
Other Costs $0.00 $0.00 $0.00
Total Administration $0.00 $11,299.16 $11,299.16
Other
Item Difference Note/Comment
Reserve Adjustment $0.00
Delinquency Allowance $0.00
Delinquency Charges $0.00
Less: Prior Year Surplus $0.00
Total Other $0.00
Totals
Item Difference Note/Comment
Total Requirement $11,299.16
District Adjustment $373,574.37 Adjustment to levy at assigned rate
Enrollment Adjustment $0.00
Actual Levy $384,873.53
Levy % Difference N/A Rates increase 1% per year
Administration % of Levy 2.94%
City's % of Levy 0.40%
Maximum Authorized Tax $384,873.53
Levy % of Maximum Tax 100.00%
Bonds Outstanding After September 1, 2023 N/A
FY 2022-23 Delinquency Rate as of 12/10/2022 N/A
FY 2022-23 Delinquency Rate as of 4/10/2023 N/A
FY 2022-23 Parcels Levied 0
FY 2023-24 Projected Parcels to Levy 147
Final Maturity N/A
(1) Current Year Per Fund No Charge based upon Auditor-Controller Letter Dated June 1, 2023.
2022-23 2023-24
Levy Levy
2022-23 2023-24
2022-23 2023-24
Levy Levy
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
2022-23 2023-24
Levy Levy
Factors:Note/Comment
Parcels taxed at their assigned rate until bonds issued
147 new permits for FY 2023-24
$0.00 $11,299.16
$0.00 $373,574.37
$0.00 $384,873.53