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DEVELOPER WORKSHOP October 17, 2007 2:00 p.m.

CITY OF ANAHEIM PLATINUM TRIANGLE IMPLEMENTATION PLAN for PUBLIC WORKS BACKBONE FACILITIES IMPROVEMENTS OVERVIEW. DEVELOPER WORKSHOP October 17, 2007 2:00 p.m. GENERAL PLAN DESIGNATIONS. EXPANSION MODIFICATIONS. LAND USE SUMMARY. N. OUTER RING. CERRITOS. OUTER RING. DOUGLASS. SUNKIST.

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DEVELOPER WORKSHOP October 17, 2007 2:00 p.m.

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  1. CITY OF ANAHEIMPLATINUM TRIANGLE IMPLEMENTATION PLANforPUBLIC WORKS BACKBONE FACILITIES IMPROVEMENTSOVERVIEW DEVELOPER WORKSHOP October 17, 2007 2:00 p.m.

  2. GENERAL PLAN DESIGNATIONS EXPANSION MODIFICATIONS

  3. LAND USE SUMMARY

  4. N OUTER RING CERRITOS OUTER RING DOUGLASS SUNKIST HOWELL LEWIS 3 16 15 7 4 1 SR-57 KATELLA 8 5 9 ANAHEIM WAY I-5 ANAHEIM STADIUM STATE COLLEGE GENE AUTRY SANTA ANA RIVER 6 10 12 ORANGEWOOD 14 13 2 OUTER RING PLATINUM TRIANGLE CORE

  5. IMPLEMENTATION PLAN OBJECTIVES • Delineate Backbone Improvements • Quantify Improvement Costs • Develop Implementation Schedule • Calculate Cash Flow for Implementation

  6. HIGHWAY IMPROVEMENTS

  7. PROJECT LANDSCAPING HIGHWAY IMPROVEMENTS PROPOSED CURB PROPOSED R/W PROPOSED R/W ACQUISITION PROPOSED STRIPING

  8. UTILITIES • SEWER IMPROVEMENTS • DRAINAGE IMPROVEMENTS • WATER SYSTEM IMPROVEMENTS • ELECTRICAL SYSTEM IMPROVEMENTS, INCLUDING UNDERGROUNDING

  9. PROJECT SEGMENTATION C A 11 E F 2B 7 B 1C D 6 1A 1B 7 1D 12 5 6 4B • CORE PROJECTS • KATELLA • STATE COLLEGE • ORANGEWOOD • GENE AUTRY • ANAHEIM WAY • LEWIS • DOUGLASS • WATER WELL (TBD) • FIRE STATION • MAJOR STORM DRAIN • SR57 IMPROVEMENTS • ORANGE INTERSECTIONS 4A 10 2A 9 • UNFUNDED PROJECTS • CERRITOS • LEWIS NORTH • DOUGLASS NORTH • HOWELL • SUNKIST • MAJOR STORM DRAIN NORTH 3A 3B 3C 2D 2C

  10. BACKBONE INFRASTRUCTURE COST SUMMARY

  11. CONSTRUCTION COMPLETION SCHEDULE 11 SR57 7 DOUGLASS 2B STATE COLLEGE 1C KATELLA 6 LEWIS KATELLA 1B 1A KATELLA 7 DOUGLASS 1D 12 ORANGE INTERSECTIONS 6 LEWIS 5 ANAHEIM WAY 4B GENE AUTRY 10 MAJOR STORM DRAIN 4A GENE AUTRY 2A STATE COLLEGE Phase 2 Phase 3 Phase 5 Phase 6 Phase 7 Phase 8 Phase 10 9 FIRE STATION 3B ORANGE WOOD 3C ORANGEWOOD ORANGEWOOD 3A 2D 2C STATE COLLEGE

  12. CASH FLOW SUMMARY

  13. CITY OF ANAHEIMPROPOSED FINANCING DISTRICTSforPLATINUM TRIANGLE DEVELOPER WORKSHOP October 17, 2007 2:00 p.m.

  14. PRESENTATION OUTLINE • Financing Project Overview • Development Projections • Rate & Method of Apportionment • Estimated Timeline • Questions & Answers

  15. A. Financing Project Overview

  16. Platinum Triangle Background City Council Approved Implementation Plan & Feasibility Study in December 2005 Implementation Plan described: • Backbone infrastructure required for Platinum Triangle • Estimated costs • Timing of construction Feasibility Study recommended formation of financing districts to fund backbone infrastructure improvements and ongoing maintenance.

  17. Current Proposal • CFD to fund public facilities and infrastructure • One Maintenance AD which overlaps CFD plus other areas • Future development outside of current CFD will annex into the CFD • Reduced Tax Rates by approximately 5% from December 2006 proposal • Multiple bond issues as development progresses

  18. Terminology The initial CFD encompasses the area originally considered the “Platinum Triangle Mixed Use Overlay Zone” plus 3 approved/pending projects and the ARTIC District. The initial CFD boundary includes property within: • Arena District • Gateway District (excluding Stadium Lofts) • Gene Autry District • Katella District (portion) • Stadium District • Orangewood District (portion) • ARTIC District For a variety of reasons, the AD boundary will be slightly larger than the initial CFD boundary.

  19. Proposed CFD No. 08-1 D

  20. B. Development Projections

  21. Platinum Triangle Development Projections Scenario 1: Full Platinum Triangle Expansion

  22. Platinum Triangle Development Projections Scenario 2: Approved & Pending-Approved Projects Only

  23. C. Rate & Method of Apportionment

  24. Rate & Method of Apportionment CFD No. 08-1 Special Tax Categories • Developed Property: All property for which a building permit was issued after January 1, 2005 and prior to September 1 of the prior fiscal year. • Approved Property: All property for which a development agreement was executed with the City after August 24, 2004 and prior to March 1 of the prior fiscal year and not classified as Developed Property. • Existing Property: All property that has an improvement value greater than $0 and not classified as Developed or Approved Property. • Undeveloped Property: All property not classified as Developed, Approved, or Existing Property.

  25. Rate & Method of Apportionment CFD No. 08-1 • Annual Special Tax pays debt service on bonds or directly for backbone infrastructure New Development • Estimated FY 08-09 Maximum Special Tax: • Estimated at $704 to $2,754 per residential unit based on size of unit • Estimated at $1.62 per square foot of non-residential building square feet • Rates escalate annually by 2% for the life of the tax • Rates approximately 5% less than rates presented in December 2006.

  26. Preliminary Rate & Method of Apportionment CFD No. 08-1 Existing Development • Estimated FY 08-09 Maximum Special Tax: • $5,671 per acre for Existing Property • $400,000 per acre for Approved Property • $5,671 per acre for Undeveloped Property • Rates escalate annually by 2% for the life of the tax Order of Levy 1)Up to 100% on Developed Property and 90% on Existing Property 2) Up to 90% on Approved Property 3) Up to 100% on Approved and Existing Property 4) Up to 100% on Undeveloped Property

  27. D. Estimated Timeline

  28. Community Facilities District Formation Process Community Facilities District 1st Bond Issuance Resolution of Intention (ROI) Public Hearing Resolution of Formation (ROF) Election 11/27/2007 1/8/2008 1/8/2008 April 2008 July 2008

  29. Platinum Triangle Next Steps • Next Developer Meeting on November 7, 2007

  30. E. Questions & Answers

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