Public hearing on special tax for Community Facilities District No. 2025-1.

NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that on March 10, 2026, the City Council (the “City Council”) of City of Lake Elsinore adopted a resolution (the “Resolution of Intention”), declaring its intention to approve a First Amended and Restated Rate and Method of Apportionment of Special Tax (the “First Amended Rate and Method”) for Community Facilities District No. 2025-1 of the City of Lake Elsinore (Canyon Hills Heights) (“CFD No. 2025-1” or the “District”) pursuant to the Mello‑Roos Community Facilities Act of 1982, as amended (the “Act”).
Capitalized terms that are not otherwise defined herein shall have the respective meanings ascribed to them in the Resolution of Intention and the exhibits thereto.
The Resolution of Intention specifies the First Amended Rate and Method. The Resolution of Intention proposes a Maximum Special Tax within CFD No. 2025-1 for Developed Property within the property depicted in the boundary map, which shall be the greater of (i) the amount derived by application of the Assigned Special Tax as set forth in the Rate and Method or (ii) the amount derived by application of the Backup Special Tax. For example, the Assigned Special Tax for a Single Family Residential Property in CFD No. 2025-1 ranges from $4,147 per taxable unit with residential floor area of less than 1,900 square feet to $5,144 per taxable unit with a residential floor area of greater than 2,300 square feet. The Assigned Special Tax on Multifamily Residential Property and Non-Residential Property in CFD No. 2025-1 in Tax Zone 1 is $46,851 per acre and $26,440 per acre in Tax Zone 2. The Maximum Special Tax for each Assessor’ s Parcel of Approved Property expected to be classified as Single Family Property shall be the Backup Special Tax which is $46,851 per acre in Tax Zone 1 and $26,440 per acre in Tax Zone 2, as determined in accordance with the First Amended Rate and Method. The Maximum Special Tax for Undeveloped Property in CFD No. 2025-1 is $46,851 per acre in Tax Zone 1 and $26,440 per acre in Tax Zone 2.
To satisfy the Special Tax Requirement, CFD No. 2025-1 shall first levy the Special Tax proportionately on each Assessor’s Parcel of Developed Property at up to 100% of the applicable Assigned Special Tax as needed. If additional moneys are needed to satisfy the Special Tax Requirement, the Special Tax shall be levied: second, proportionately on each Assessor’s Parcel of Approved Property at up to 100% of the Maximum Special Tax for Approved Property; third, proportionately on each Assessor’s Parcel of Undeveloped Property at up to 100% of the Maximum Special Tax for Undeveloped Property; fourth, increased in equal percentages from the Assigned Special Tax up to the Maximum Special Tax for each Assessor’s Parcel of Developed Property whose Maximum Special Tax is derived by the application of the Backup Special Tax; and, fifth, proportionately on each Assessor’s Parcel of Provisional Undeveloped Property that is not Exempt Property, at up to 100% of the Maximum Special Tax. The Backup Special Tax is to be determined in accordance with the Rate and Method when the applicable final map is recorded.
The Resolution of Intention proposes that for each year in which any Bonds are outstanding the Special Tax shall be levied on all Assessor’s Parcels subject to the Special Tax. If any delinquent Special Tax amounts remain uncollected prior to or after all Bonds are retired, the Special Tax may be levied to the extent necessary to reimburse the CFD for uncollected Special Tax amounts associated with the levy of such Special Tax, but the Special Tax shall not be levied after 2069-70 Fiscal Year.
The foregoing is only a summary of the Resolution of Intention which is on file with the City Clerk. The full text of the Resolution of Intention should be referred to by any interested party for greater detail.
PUBLIC HEARING:NOTICE IS HEREBY GIVEN THAT A PUBLIC HEARING WILL BE HELD ON APRIL 14, 2026, AT THE HOUR OF 7:00 P.M., OR AS SOON THEREAFTER AS SUCH MATTER CAN BE HEARD, AT A REGULAR MEETING OF THE CITY COUNCIL HELD IN THE LAKE ELSINORE CULTURAL CENTER LOCATED AT 183 NORTH MAIN STREET, LAKE ELSINORE, CALIFORNIA. MEMBERS OF THE PUBLIC WHO WISH TO PARTICIPATE IN THE PUBLIC HEARING ARE ADVISED TO REVIEW THE CITY COUNCIL’S AGENDA FOR INFORMATION WITH RESPECT TO THE METHOD OF PARTICIPATION. ALL AGENDA MATERIALS ARE AVAILABLE FOR REVIEW ON THE CITY’S WEBSITE AT LAKE-ELSINORE.ORG THE FRIDAY BEFORE THE PUBLIC HEARING.
AT THE PUBLIC HEARING, THE CITY COUNCIL WILL HEAR ALL EVIDENCE AND TESTIMONY BY ALL INTERESTED PERSONS, PROPERTY OWNERS, VOTERS AND TAXPAYERS FOR OR AGAINST (1) THE LEVY OF SPECIAL TAXES FOR CFD NO. 2025-1 IN ACCORDANCE WITH THE FIRST AMENDED RATE AND METHOD, AND (2) ANY OTHER MATTERS AS SET FORTH IN THE RESOLUTION OF INTENTION.
ALL PERSONS INTERESTED, INCLUDING PROPERTY OWNERS, TAXPAYERS AND REGISTERED VOTERS, MAY APPEAR AT THE HEARING AND PRESENT EVIDENCE AND TESTIMONY ORALLY OR IN WRITING FOR OR AGAINST ITEMS (1) AND (2) ABOVE. EACH INDIVIDUAL WISHING TO SPEAK WILL BE LIMITED TO A THREE MINUTE ORAL PRESENTATION. ANY PROTEST PERTAINING TO THE REGULARITY OR SUFFICIENCY OF THE PROCEEDINGS RELATING TO THE PROPOSED ISSUES DESCRIBED IN ITEMS (1) AND (2) ABOVE MUST BE IN WRITING AND SHALL CLEARLY STATE THE IRREGULARITIES OR DEFECTS TO WHICH OBJECTION IS MADE, AND SHALL BE FILED WITH THE CITY CLERK ON OR BEFORE THE TIME SET FOR THE HEARING. IF THE OWNERS OF ONE‑HALF (1/2) OR MORE OF THE AREA OF LAND WITHIN CFD NO. 2025-1 AND NOT EXEMPT FROM THE SPECIAL TAX FILE WRITTEN PROTESTS AGAINST ANY OF ITEMS (1) AND (2) ABOVE, AND PROTESTS ARE NOT WITHDRAWN SO AS TO REDUCE THE VALUE OF THE PROTESTS TO LESS THAN A MAJORITY, THE CITY COUNCIL SHALL ABANDON THAT PORTION OF THE PROCEEDINGS PERTAINING TO SUCH ITEM(S) AND NO FURTHER PROCEEDINGS WITH RESPECT TO SUCH ITEM(S) SHALL BE TAKEN FOR A PERIOD OF ONE YEAR FROM THE DATE OF THE DETERMINATION BY THE CITY COUNCIL. THE CITY COUNCIL MAY MODIFY THE PROCEEDINGS IF SUCH MAJORITY PROTESTS ARE ONLY AGAINST A SPECIFIED ISSUE.
UNDER THE ACT, THE CITY COUNCIL MAY EITHER CONCLUDE THE PUBLIC HEARING ON APRIL 14, 2026 OR MAY CONTINUE THE PUBLIC HEARING TO A LATER DATE IF THE COMPLEXITY OF THE CHANGE PROCEEDINGS FOR THE DISTRICT OR THE NEED FOR PUBLIC PARTICIPATION REQUIRES ADDITIONAL TIME. IF THE CITY COUNCIL DETERMINES TO SUBMIT THE QUESTION OF LEVYING THE SPECIAL TAXES IN ACCORDANCE WITH THE FIRST AMENDED RATE AND METHOD, AN ELECTION WILL BE HELD WITHIN CFD NO. 2025-1 TO APPROVE THE LEVY OF THE SPECIAL TAXES THEREIN. AT SUCH AN ELECTION, EACH LANDOWNER WITHIN CFD NO. 2025-1 SHALL BE ENTITLED TO CAST ONE VOTE FOR EACH ACRE OR PORTION THEREOF OWNED WITHIN CFD NO. 2025-1. FOR THE PROPOSITION TO BE ADOPTED, TWO‑THIRDS OF THE VOTES CAST ON THE PROPOSITION AT THE ELECTION MUST FAVOR PASSAGE.
INQUIRIES:The full text of the Resolution of Intention, which includes the proposed First Amended Rate and Method, and for any questions relating to the proceedings, or any particulars, please contact Jason Simpson, City Manager at City of Lake Elsinore, 130 South Main Street, Lake Elsinore, CA 92530, or by phone at (951) 674‑3124.
Candice Alvarez, MMCCity Clerk
The Press-EnterprisePublished: 4/2/26