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24-1475RESOLUTION NO. 24-1475 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE, CALIFORNIA ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2024-2 (GOLDEN MEADOWS) OF THE CITY OF MENIFEE CERTIFYING ELECTION RESULTS WHEREAS, the City Council of the City of Menifee called and duly held elections on August 7, 2024. within the boundaries of Improvement Area No. 1 ("Improvement Area No. 1 "), Improvement Area No. 2 ("Improvement Area No. 2"), Improvement Area No. 3 ("Improvement Area No. 3") and Improvement Area No. 4 ("Improvement Area No. 4") of Community Facilities District No. 2024-2 (Golden Meadows) of the City of Menifee ("Community Facilities District No. 2024-2" or the "District") pursuant to Resolution Nos. 24-1473 and 24-1474 for the purpose of presenting to the qualified electors within Improvement Area No. 1, Propositions A, B and C, attached hereto as Exhibit A, to the qualified electors within Improvement Area No. 2, Propositions D, E and F, attached hereto as Exhibit B, to the qualified electors within Improvement Area No. 3, Propositions G, H and I, attached hereto as Exhibit C, and to the qualified electors within Improvement Area No. 4, Propositions J, K and L, attached hereto as Exhibit D; and WHEREAS, there has been presented to this City Council a certificate of the City Clerk or Acting City Clerk (referred to herein as the "City Clerk") canvassing the results of the elections within Improvement Area Nos. 1 through 4, a copy of which is attached hereto as Exhibit E; NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Menifee, California hereby finds, determines and orders as follows: Section 1. Each of the above recitals is true and correct and is adopted by the legislative body of the District. Section 2. Propositions A, B and C set forth in Exhibit A hereto presented to the qualified electors of Improvement Area No. 1 on August 7, 2024, were approved by more than two-thirds of the votes cast at said election and Propositions A, B and C each has carried. The City Council, acting as the legislative body of the District, is hereby authorized to levy on the land within Improvement Area No. 1 the special tax described in Proposition B set forth in Exhibit A hereto for the purposes described therein and to take the necessary steps to levy the special tax authorized by Proposition B and to issue bonds in an amount not to exceed $7,000,000 specified in Proposition A set forth in Exhibit A hereto. Section 3. Propositions D, E and F set forth in Exhibit B hereto presented to the qualified electors of Improvement Area No. 2 on August 7, 2024, were approved by more than two-thirds of the votes cast at said election and Propositions D, E and F each has carried. The City Council, acting as the legislative body of the District, is hereby authorized to levy on the land within Improvement Area No. 2 the special tax described in Proposition E set forth in Exhibit B hereto for the purposes described therein and to take the necessary steps to levy the special tax authorized by Proposition E and to issue bonds in an amount not to exceed $7,000,000 specified in Proposition D set forth in Exhibit B hereto. Section 4. Propositions G, H and I set forth in Exhibit C hereto presented to the qualified electors of Improvement Area No. 3 on August 7, 2024, were approved by more than two-thirds of the votes cast at said election and Propositions G, H and I each has carried. The City Council, acting as the legislative body of the District, is hereby authorized to levy on the land within Improvement Area No. 3 the special tax described in Proposition H set forth 4894-7550-43330/200299-0025 Resolution Certifying Election Results for CFD No. 2024-2 (Golden Meadows) in Exhibit C hereto for the purposes described therein and to take the necessary steps to levy the special tax authorized by Proposition H and to issue bonds in an amount not to exceed $7,000,000 specified in Proposition G set forth in Exhibit C hereto. Section 5. Propositions J, K and L set forth in Exhibit D hereto presented to the qualified electors of Improvement Area No. 4 on August 7, 2024, were approved by more than two-thirds of the votes cast at said election and Propositions J, K and L each has carried. The City Council, acting as the legislative body of the District, is hereby authorized to levy on the land within Improvement Area No. 4 the special tax described in Proposition K set forth in Exhibit D hereto for the purposes described therein and to take the necessary steps to levy the special tax authorized by Proposition K and to issue bonds in an amount not to exceed $13,000,000 specified in Proposition J set forth in Exhibit D hereto. Section 6. The City Clerk is hereby directed to record in the Assessor -County Clerk -Recorder's office of the County of Riverside within fifteen days of the date hereof a notice of special tax lien with respect to each Improvement Area, which Bond Counsel to the District shall prepare in the form required by Streets and Highways Code Section 3114.5. Section 7. This Resolution shall be effective upon its adoption. PASSED, APPROVED AND ADOPTED this the 7th day of August, 2024. Bill ZimmerU Yayor Attest: Stephanie Roseen, Acting City Clerk Appr d as to form: Je rey T. Melching, City Att rney K 4994-7550-4333v3/200299-0025 WAIVER OF CERTAIN ELECTION PROCEDURES WITH RESPECT TO LANDOWNER ELECTION FOR COMMUNITY FACILITIES DISTRICT NO. 2024-2 (GOLDEN MEADOWS) OF THE CITY OF MENIFEE IMPROVEMENT AREA NO. 1 The undersigned, acting on behalf of Golden Meadowland, LLC, a Florida limited liability company and Golden Hill Country, LLC, a Florida limited liability company (together, the "Owner"), hereby certifies to the City of Menifee (the "City"), with respect to the proposed formation of Community Facilities District No. 2024-2 (Golden Meadows) of the City of Menifee (the "District") and Improvement Area No. 1 (the "Improvement Area") therein, as follows: 1. The undersigned has been duly authorized by the Owner and possesses all authority necessary to execute this Waiver on behalf of the Owner in connection with the election to be called by the City Council of the City with respect to the Improvement Area. The Owner hereby appoints John C. Troutman to act as its authorized representative to vote in the election referred to herein and certifies that his true and exact signature is set forth below: Signature of John C. Troutman V % 2. The Owner is the present owner of 45.21 acres of land located within the proposed boundaries of the Improvement Area. To the actual knowledge of the undersigned, there are no registered voters residing within the territory owned by the Owner and have been none during the 90-day period preceding August 7, 2024. 3. The Owner has received notice of the August 7, 2024 public hearing to be held by the City Council of the City regarding the levy of a special tax in the Improvement Area and the incurring of bonded indebtedness by the District for the Improvement Area. The Owner agrees that it received adequate notice of the August 7, 2024 hearing. 4. The Owner has received from the City and the City has made available to the Owner necessary and relevant information regarding the proposed formation of the District and the imposition of the special tax and the issuance of bonded indebtedness, as set forth in Resolutions No. 24-1449 and 24-1450 adopted by the City Council on June 19, 2024 (together, the "Resolutions") to finance the facilities as set forth in the Resolutions. 5. The undersigned understands that if the District and the Improvement Area are formed on or after August 7, 2024, an election will be held by the District for the Improvement Area on the propositions set forth in the sample ballot attached hereto as Exhibit "A" less than 90 days after the close of the August 7, 2024 public hearing as in accordance with Section 53326 of the Government Code, without the preparation of an impartial analysis, arguments or rebuttals concerning the election as provided for by Elections Code Sections 9160 to 9167, inclusive, and 9190 and without preparation of a tax rate statement as provided in Section 9401 of the Elections Code and without further notice of such election as required pursuant to the Elections Code or the Government Code. Having been fully advised with respect to the election, in accordance with the authority contained in Government Code Sections 53326 and 53327, the Owner waives compliance with the foregoing provisions of the Elections Code and Government Code, with any time limits or other procedural requirements pertaining to the conduct of the election which are not being complied with and consents to having the election 4884-0313-9277v2/200299-0025 on any date on or after the close of the August 7, 2024 public hearing and consents to the closing of the election as soon as all ballots are received by the City Clerk. 6. The undersigned hereby represents that compliance with the procedural requirements for conducting the election, including the receipt of any ballot arguments and impartial analysis and the time limitations which apply in connection with scheduling, mailing and publishing notices for such an election, are unnecessary in light of the fact that the undersigned has received sufficient information regarding the imposition of the special tax and the issuance of bonded indebtedness as set forth in the Resolutions to allow it to properly complete the attached ballot. The Owner further waives its right to make any protest or complaint or undertake any legal action challenging the validity of the election, the validity of any bonded indebtedness issued by the District for the Improvement Area as approved at the election, or the validity of the authorization of the special tax to finance facilities for the benefit of the District or to repay bonded indebtedness issued by the District for the Improvement Area in accordance with the rate and method of apportionment of special taxes provided in Resolution No. 24-1449 of the City Council of the City. Dated: July, 2024 GOLDEN MEADOWLAND, LLC, a Florida limited liability company By: RICHLAND MEADOWLAND, LTD., a Texas limited partnership, sole Member By: RICHLAND PROPERTIES, INC., a Texas corporation, General Partner X \� hn C. Troutman - Vice President GOLDEN HILL COUNTRY, LLC, a Florida limited liability company By: HILL COUNTRY S.A., LTD. a Texas limited partnership, sole Member By: RICHLAND STONE OAK, INC., a Texas corporation, General Partner hn C. Troutman - Vice President 2 4884-0313-9277v2/200299-0025 EXHIBIT A SAMPLE BALLOT COMMUNITY FACILITIES DISTRICT NO. 2024-2 (GOLDEN MEADOWS) OF THE CITY OF MENIFEE IMPROVEMENT AREA NO. SPECIAL TAX AND SPECIAL BOND ELECTION August 7, 2024 PROPOSITION A: Shall Community Facilities District No. 2024-2 (Golden Meadows) of the City of Menifee (the "District") incur an indebtedness and issue bonds in the maximum principal amount of $7,000,000 for YES Improvement Area No. 1 therein (the "Improvement Area") with interest at a rate or rates not to exceed the NO maximum interest rate permitted by law, to finance the Facilities and the Incidental Expenses described in Resolution No. 24-1449 of the City Council of the City of Menifee? YES PROPOSITION B: Shall a special tax with a rate and method of apportionment for the Improvement Area as NO_ provided in Resolution No. 24-1449 of the City Council of the City of Menifee be levied to pay for the Facilities, Incidental Expenses and other purposes described in Resolution No. 24-1449, including the payment of the principal of and interest on bonds issued by the District for the Improvement Area to finance the Facilities and Incidental Expenses? PROPOSITION C: For each year commencing with Fiscal Year 2024-2025, shall the appropriations limit, as YES defined by subdivision (h) of Section 8 of Article XIII B of the California Constitution, for Community Facilities NO_ District No. 2024-2 be an amount equal to $10,000,000? A-1 4884-0313-9277v2/200299-0025 OFFICIAL BALLOT COMMUNITY FACILITIES DISTRICT NO. 2024-2 (GOLDEN MEADOWS) OF THE CITY OF MENIFEE IMPROVEMENT AREA NO. 1 SPECIAL TAX AND SPECIAL BOND ELECTION August 7, 2024 You are entitled to cast 46 votes. To vote, stamp a cross (+ or X) in the voting square after the word "YES" or after the word "NO". All marks otherwise made are forbidden. All distinguishing marks are forbidden and make the ballot void. If you wrongly mark, tear, or deface this ballot, return it to the City Clerk and obtain another. PROPOSITION A: Shall Community Facilities District No. 2024-2 (Golden Meadows) of the City of Menifee (the "District") incur an indebtedness and issue bonds in the maximum principal amount of $7,000,000 for YES X Improvement Area No. 1 therein (the "Improvement Area") with interest at a rate or rates not to exceed the maximum NO interest rate permitted by law, to finance the Facilities and the Incidental Expenses described in Resolution No. 24- 1449 of the City Council of the City of Menifee? PROPOSITION B: Shall a special tax with a rate and YES X method of apportionment for the Improvement Area as provided in Resolution No. 24-1449 of the City Council of NO the City of Menifee be levied to pay for the Facilities, Incidental Expenses and other purposes described in Resolution No. 24-1449, including the payment of the principal of and interest on bonds issued by the District for the Improvement Area to finance the Facilities and Incidental Expenses? PROPOSITION C: For each year commencing with Fiscal Year 2024-2025, shall the appropriations limit, as YES defined by subdivision (h) of Section 8 of Article XIII B of the California Constitution, for Community Facilities NO District No. 2024-2 be an amount equal to $10,000,000? 4883-2303-9188v1/200299-0025 WAIVER OF CERTAIN ELECTION PROCEDURES WITH RESPECT TO LANDOWNER ELECTION FOR COMMUNITY FACILITIES DISTRICT NO. 2024-2 (GOLDEN MEADOWS) OF THE CITY OF MENIFEE IMPROVEMENT AREA NO. 2 The undersigned, acting on behalf of Golden Meadowland, LLC, a Florida limited liability company and Golden Hill Country, LLC, a Florida limited liability company (together, the "Owner"), hereby certifies to the City of Menifee (the "City"). with respect to the proposed formation of Community Facilities District No. 2024-2 (Golden Meadows) of the City of Menifee (the "District") and Improvement Area No. 2 (the "Improvement Area") therein, as follows: 1. The undersigned has been duly authorized by the Owner and possesses all authority necessary to execute this Waiver on behalf of the Owner in connection with the election to be called by the City Council of the City with respect to the Improvement Area. The Owner hereby appoints John C. Troutman to act as its authorized representative to vote in the election referred to herein and certifies that his true and exact signature is set forth below: Signature of John C. Troutman: X 2. The Owner is the present owner of 36.71 acres of land located within the proposed boundaries of the Improvement Area. To the actual knowledge of the undersigned, there are no registered voters residing within the territory owned by the Owner and have been none during the 90-day period preceding August 7, 2024. 3. The Owner has received notice of the August 7, 2024 public hearing to be held by the City Council of the City regarding the levy of a special tax in the Improvement Area and the incurring of bonded indebtedness by the District for the Improvement Area. The Owner agrees that it received adequate notice of the August 7, 2024 hearing. 4. The Owner has received from the City and the City has made available to the Owner necessary and relevant information regarding the proposed formation of the District and the imposition of the special tax and the issuance of bonded indebtedness, as set forth in Resolutions No. 24-1449 and 24-1450 adopted by the City Council on June 19, 2024 (together, the "Resolutions") to finance the facilities as set forth in the Resolutions. 5. The undersigned understands that if the District and the Improvement Area are formed on or after August 7, 2024, an election will be held by the District for the Improvement Area on the propositions set forth in the sample ballot attached hereto as Exhibit "A" less than 90 days after the close of the August 7, 2024 public hearing as in accordance with Section 53326 of the Government Code, without the preparation of an impartial analysis, arguments or rebuttals concerning the election as provided for by Elections Code Sections 9160 to 9167, inclusive, and 9190 and without preparation of a tax rate statement as provided in Section 9401 of the Elections Code and without further notice of such election as required pursuant to the Elections Code or the Government Code. Having been fully advised with respect to the election, in accordance with the authority contained in Government Code Sections 53326 and 53327, the Owner waives compliance with the foregoing provisions of the Elections Code and Government Code, with any time limits or other procedural requirements pertaining to the conduct of the election which are not being complied with and consents to having the election 1 4883-1655-0612v2/200299-0025 on any date on or after the close of the August 7, 2024 public hearing and consents to the closing of the election as soon as all ballots are received by the City Clerk. 6. The undersigned hereby represents that compliance with the procedural requirements for conducting the election, including the receipt of any ballot arguments and impartial analysis and the time limitations which apply in connection with scheduling, mailing and publishing notices for such an election, are unnecessary in light of the fact that the undersigned has received sufficient information regarding the imposition of the special tax and the issuance of bonded indebtedness as set forth in the Resolutions to allow it to properly complete the attached ballot. The Owner further waives its right to make any protest or complaint or undertake any legal action challenging the validity of the election, the validity of any bonded indebtedness issued by the District for the Improvement Area as approved at the election, or the validity of the authorization of the special tax to finance facilities for the benefit of the District or to repay bonded indebtedness issued by the District for the Improvement Area in accordance with the rate and method of apportionment of special taxes provided in Resolution No. 24-1449 of the City Council of the City. Dated: July aQ, 2024 GOLDEN MEADOWLAND, LLC, a Florida limited liability company By RICHLAND MEADOWLAND, LTD., a Texas limited partnership, sole Member By: RICHLAND PROPERTIES, INC., a Texas corporation, General Partner al —Jon C. Troutman - Vice President GOLDEN HILL COUNTRY, LLC, a Florida limited liability company By: HILL COUNTRY S.A., LTD. a Texas limited partnership, sole Member By: RICHLAND STONE OAK, INC., a Texas corporation, General Partner n C. Troutman - Vice President 2 4883-1655-0612v2/200299-0025 EXHIBIT A SAMPLE BALLOT COMMUNITY FACILITIES DISTRICT NO. 2024-2 (GOLDEN MEADOWS) OF THE CITY OF MENIFEE IMPROVEMENT AREA NO. 2 SPECIAL TAX AND SPECIAL BOND ELECTION August 7, 2024 PROPOSITION D: Shall Community Facilities District No. 2024-2 (Golden Meadows) of the City of Menifee (the "District") incur an indebtedness and issue bonds in the maximum principal amount of $7,000,000 for YES Improvement Area No. 2 therein (the "Improvement Area") with interest at a rate or rates not to exceed the NO_ maximum interest rate permitted by law, to finance the Facilities and the Incidental Expenses described in Resolution No. 24-1449 of the City Council of the City of Menifee? YES PROPOSITION E: Shall a special tax with a rate and method of apportionment for the Improvement Area as NO_ provided in Resolution No. 24-1449 of the City Council of the City of Menifee be levied to pay for the Facilities, Incidental Expenses and other purposes described in Resolution No. 24-1449, including the payment of the principal of and interest on bonds issued by the District for the Improvement Area to finance the Facilities and Incidental Expenses? PROPOSITION F: For each year commencing with Fiscal Year 2024-2025, shall the appropriations limit, as YES defined by subdivision (h) of Section 8 of Article XIII B of the California Constitution, for Community Facilities NO District No. 2024-2 be an amount equal to $10,000,000? A-1 4883-1655-0612v2/200299-0025 FFICIAL BALLOT COMMUNITY FACILITIES DISTRICT NO. 2024-2 (GOLDEN MEADOWS) OF THE CITY OF MENIFEE IMPROVEMENT AREA NO. 2 SPECIAL TAX AND SPECIAL BOND ELECTION August 7, 2024 You are entitled to cast 37 votes. To vote, stamp a cross (+ or X) in the voting square after the word "YES" or after the word "NO". All marks otherwise made are forbidden. All distinguishing marks are forbidden and make the ballot void. If you wrongly mark, tear, or deface this ballot, return it to the City Clerk and obtain another. PROPOSITION D: Shall Community Facilities District No. 2024-2 (Golden Meadows) of the City of Menifee (the "District") incur an indebtedness and issue bonds in the maximum principal amount of $7,000,000 for YES X Improvement Area No. 2 therein (the "Improvement Area") with interest at a rate or rates not to exceed the maximum NO interest rate permitted by law, to finance the Facilities and the Incidental Expenses described in Resolution No. 24- 1449 of the City Council of the City of Menifee? PROPOSITION E: Shall a special tax with a rate and YES method of apportionment for the Improvement Area as provided in Resolution No. 24-1449 of the City Council of NO the City of Menifee be levied to pay for the Facilities, Incidental Expenses and other purposes described in Resolution No. 24-1449, including the payment of the principal of and interest on bonds issued by the District for the Improvement Area to finance the Facilities and Incidental Expenses? PROPOSITION F: For each year commencing with Fiscal Year 2024-2025, shall the appropriations limit, as defined YES by subdivision (h) of Section 8 of Article XIII B of the California Constitution, for Community Facilities District NO No. 2024-2 be an amount equal to $10,000,000? 4875-6937-5188v1/200299-0025 WAIVER OF CERTAIN ELECTION PROCEDURES WITH RESPECT TO LANDOWNER ELECTION FOR COMMUNITY FACILITIES DISTRICT NO. 2024-2 (GOLDEN MEADOWS) OF THE CITY OF MENIFEE IMPROVEMENT AREA NO. 3 The undersigned, acting on behalf of Golden Meadowland, LLC, a Florida limited liability company and Golden Hill Country, LLC, a Florida limited liability company (together, the "Owner"), hereby certifies to the City of Menifee (the "City"), with respect to the proposed formation of Community Facilities District No. 2024-2 (Golden Meadows) of the City of Menifee (the "District") and Improvement Area No. 3 (the "Improvement Area") therein, as follows: 1. The undersigned has been duly authorized by the Owner and possesses all authority necessary to execute this Waiver on behalf of the Owner in connection with the election to be called by the City Council of the City with respect to the Improvement Area. The Owner hereby appoints John C. Troutman to act as its authorized representative to vote in the election referred to herein and certifies that his true and exact signature is set forth below: Signature of John C. Troutman: ��)n 2. The Owner is the present owner of 25.73 acres of land located within the proposed boundaries of the Improvement Area. To the actual knowledge of the undersigned, there are no registered voters residing within the territory owned by the Owner and have been none during the 90-day period preceding August 7, 2024. 3. The Owner has received notice of the August 7, 2024 public hearing to be held by the City Council of the City regarding the levy of a special tax in the Improvement Area and the incurring of bonded indebtedness by the District for the Improvement Area. The Owner agrees that it received adequate notice of the August 7, 2024 hearing. 4. The Owner has received from the City and the City has made available to the Owner necessary and relevant information regarding the proposed formation of the District and the imposition of the special tax and the issuance of bonded indebtedness, as set forth in Resolutions No. 24-1449 and 24-1450 adopted by the City Council on June 19, 2024 (together, the "Resolutions") to finance the facilities as set forth in the Resolutions. 5. The undersigned understands that if the District and the Improvement Area are formed on or after August 7, 2024, an election will be held by the District for the Improvement Area on the propositions set forth in the sample ballot attached hereto as Exhibit "A" less than 90 days after the close of the August 7, 2024 public hearing as in accordance with Section 53326 of the Government Code, without the preparation of an impartial analysis, arguments or rebuttals concerning the election as provided for by Elections Code Sections 9160 to 9167, inclusive, and 9190 and without preparation of a tax rate statement as provided in Section 9401 of the Elections Code and without further notice of such election as required pursuant to the Elections Code or the Government Code. Having been fully advised with respect to the election, in accordance with the authority contained in Government Code Sections 53326 and 53327, the Owner waives compliance with the foregoing provisions of the Elections Code and Government Code, with any time limits or other procedural requirements pertaining to the conduct of the election which are not being complied with and consents to having the election 4895-4345-0324v2/200299-0025 on any date on or after the close of the August 7, 2024 public hearing and consents to the closing of the election as soon as all ballots are received by the City Clerk. 6. The undersigned hereby represents that compliance with the procedural requirements for conducting the election, including the receipt of any ballot arguments and impartial analysis and the time limitations which apply in connection with scheduling, mailing and publishing notices for such an election, are unnecessary in light of the fact that the undersigned has received sufficient information regarding the imposition of the special tax and the issuance of bonded indebtedness as set forth in the Resolutions to allow it to properly complete the attached ballot. The Owner further waives its right to make any protest or complaint or undertake any legal action challenging the validity of the election, the validity of any bonded indebtedness issued by the District for the Improvement Area as approved at the election, or the validity of the authorization of the special tax to finance facilities for the benefit of the District or to repay bonded indebtedness issued by the District for the Improvement Area in accordance with the rate and method of apportionment of special taxes provided in Resolution No. 24-1449 of the City Council of the City. Dated: July �30, 2024 GOLDEN MEADOWLAND, LLC, a Florida limited liability company By RICHLAND MEADOWLAND, LTD., a Texas limited partnership, sole Member By: RICHLAND PROPERTIES, INC., a Texas corporation, General Partner \'C/� J n C. Troutman - Vice President GOLDEN HILL COUNTRY, LLC, a Florida limited liability company By: HILL COUNTRY S.A., LTD. a Texas limited partnership, sole Member By: RICHLAND STONE OAK, INC., a Texas corporation, General Partner n C. Troutman - Vice President 2 4895-4345-0324v2/200299-0025 EXHIBIT A SAMPLE BALLOT COMMUNITY FACILITIES DISTRICT NO. 2024-2 (GOLDEN MEADOWS) OF THE CITY OF MENIFEE IMPROVEMENT AREA NO. 3 SPECIAL TAX AND SPECIAL BOND ELECTION August 7, 2024 PROPOSITION G: Shall Community Facilities District No. 2024-2 (Golden Meadows) of the City of Menifee (the "District") incur an indebtedness and issue bonds in the maximum principal amount of $7,000,000 for YES Improvement Area No. 3 therein (the "Improvement Area") with interest at a rate or rates not to exceed the NO_ maximum interest rate permitted by law, to finance the Facilities and the Incidental Expenses described in Resolution No. 24-1449 of the City Council of the City of Menifee? YES PROPOSITION H: Shall a special tax with a rate and method of apportionment for the Improvement Area as NO_ provided in Resolution No. 24-1449 of the City Council of the City of Menifee be levied to pay for the Facilities, Incidental Expenses and other purposes described in Resolution No. 24-1449, including the payment of the principal of and interest on bonds issued by the District for the Improvement Area to finance the Facilities and Incidental Expenses? PROPOSITION I: For each year commencing with Fiscal Year 2024-2025, shall the appropriations limit, as YES defined by subdivision (h) of Section 8 of Article XIII B of the California Constitution, for Community Facilities NO_ District No. 2024-2 be an amount equal to $10,000,000? A-1 4895-4345-0324v2/200299-0025 OFFICIAL BALLOT COMMUNITY FACILITIES DISTRICT NO. 2024-2 (GOLDEN MEADOWS) OF THE CITY OF MENIFEE IMPROVEMENT AREA NO. 3 SPECIAL TAX AND SPECIAL BOND ELECTION August 7, 2024 You are entitled to cast 26 votes. To vote, stamp a cross (+ or X) in the voting square after the word "YES" or after the word "NO". All marks otherwise made are forbidden. All distinguishing marks are forbidden and make the ballot void. If you wrongly mark, tear, or deface this ballot, return it to the City Clerk and obtain another. PROPOSITION G: Shall Community Facilities District No. 2024-2 (Golden Meadows) of the City of Menifee (the "District") incur an indebtedness and issue bonds in the maximum principal amount of $7,000,000 for YES Improvement Area No. 3 therein (the "Improvement Area") with interest at a rate or rates not to exceed the maximum NO interest rate permitted by law, to finance the Facilities and the Incidental Expenses described in Resolution No. 24- 1449 of the City Council of the City of Menifee? PROPOSITION H: Shall a special tax with a rate and YES_ method of apportionment for the Improvement Area as provided in Resolution No. 24-1449 of the City Council of NO the City of Menifee be levied to pay for the Facilities, Incidental Expenses and other purposes described in Resolution No. 24-1449, including the payment of the principal of and interest on bonds issued by the District for the Improvement Area to finance the Facilities and Incidental Expenses? PROPOSITION I: For each year commencing with Fiscal Year 2024-2025, shall the appropriations limit, as defined YES by subdivision (h) of Section 8 of Article XIII B of the California Constitution, for Community Facilities District NO No. 2024-2 be an amount equal to $10,000,000? 4880-915 6-603 6v 1/200299-0025 WAIVER OF CERTAIN ELECTION PROCEDURES WITH RESPECT TO LANDOWNER ELECTION FOR COMMUNITY FACILITIES DISTRICT NO. 2024-2 (GOLDEN MEADOWS) OF THE CITY OF MENIFEE IMPROVEMENT AREA NO. 4 The undersigned, acting on behalf of Golden Meadowland, LLC, a Florida limited liability company and Golden Hill Country, LLC, a Florida limited liability company (together, the "Owner'), hereby certifies to the City of Menifee (the "City"), with respect to the proposed formation of Community Facilities District No. 2024-2 (Golden Meadows) of the City of Menifee (the "District") and Improvement Area No. 4 (the "Improvement Area") therein, as follows: 1. The undersigned has been duly authorized by the Owner and possesses all authority necessary to execute this Waiver on behalf of the Owner in connection with the election to be called by the City Council of the City with respect to the Improvement Area. The Owner hereby appoints John C. Troutman to act as its authorized representative to vote in the election referred to herein and certifies that his true and exact signature is set forth below: Signature of John C. Troutman: 2. The Owner is the present owner of 87.73 acres of land located within the proposed boundaries of the Improvement Area. To the actual knowledge of the undersigned, there are no registered voters residing within the territory owned by the Owner and have been none during the 90-day period preceding August 7, 2024. 3. The Owner has received notice of the August 7, 2024 public hearing to be held by the City Council of the City regarding the levy of a special tax in the Improvement Area and the incurring of bonded indebtedness by the District for the Improvement Area. The Owner agrees that it received adequate notice of the August 7, 2024 hearing. 4. The Owner has received from the City and the City has made available to the Owner necessary and relevant information regarding the proposed formation of the District and the imposition of the special tax and the issuance of bonded indebtedness, as set forth in Resolutions No. 24-1449 and 24-1450 adopted by the City Council on June 19, 2024 (together, the "Resolutions") to finance the facilities as set forth in the Resolutions. 5. The undersigned understands that if the District and the Improvement Area are formed on or after August 7, 2024, an election will be held by the District for the Improvement Area on the propositions set forth in the sample ballot attached hereto as Exhibit "A" less than 90 days after the close of the August 7, 2024 public hearing as in accordance with Section 53326 of the Government Code, without the preparation of an impartial analysis, arguments or rebuttals concerning the election as provided for by Elections Code Sections 9160 to 9167, inclusive, and 9190 and without preparation of a tax rate statement as provided in Section 9401 of the Elections Code and without further notice of such election as required pursuant to the Elections Code or the Government Code. Having been fully advised with respect to the election, in accordance with the authority contained in Government Code Sections 53326 and 53327, the Owner waives compliance with the foregoing provisions of the Elections Code and Government Code, with any time limits or other procedural requirements pertaining to the conduct of the election which are not being complied with and consents to having the election 4870-7903-4580v2/200299-0025 on any date on or after the close of the August 7, 2024 public hearing and consents to the closing of the election as soon as all ballots are received by the City Clerk. 6. The undersigned hereby represents that compliance with the procedural requirements for conducting the election, including the receipt of any ballot arguments and impartial analysis and the time limitations which apply in connection with scheduling, mailing and publishing notices for such an election, are unnecessary in light of the fact that the undersigned has received sufficient information regarding the imposition of the special tax and the issuance of bonded indebtedness as set forth in the Resolutions to allow it to properly complete the attached ballot. The Owner further waives its right to make any protest or complaint or undertake any legal action challenging the validity of the election, the validity of any bonded indebtedness issued by the District for the Improvement Area as approved at the election, or the validity of the authorization of the special tax to finance facilities for the benefit of the District or to repay bonded indebtedness issued by the District for the Improvement Area in accordance with the rate and method of apportionment of special taxes provided in Resolution No. 24-1449 of the City Council of the City. Dated: July ?�O, 2024 GOLDEN MEADOWLAND, LLC, a Florida limited liability company By: RICHLAND MEADOWLAND, LTD., a Texas limited partnership, sole Member By: RICHLAND PROPERTIES, INC., a Texas corporation, General Partner X \ ohn C. Troutman - Vice President GOLDEN HILL COUNTRY, LLC, a Florida limited liability company By: HILL COUNTRY S.A., LTD. a Texas limited partnership, sole Member By: RICHLAND STONE OAK, INC., a Texas corporation, General Partner Y 1� JGhn C. Troutman - Vice President 2 4870-7903-4580v2/200299-0025 EXHIBIT A SAMPLE BALLOT COMMUNITY FACILITIES DISTRICT NO. 2024-2 (GOLDEN MEADOWS) OF THE CITY OF MENIFEE IMPROVEMENT AREA NO. 4 SPECIAL TAX AND SPECIAL BOND ELECTION August 7, 2024 PROPOSITION J: Shall Community Facilities District No. 2024-2 (Golden Meadows) of the City of Menifee (the "District") incur an indebtedness and issue bonds in the maximum principal amount of $13,000,000 for YES Improvement Area No. 4 therein (the "Improvement Area") with interest at a rate or rates not to exceed the NO_ maximum interest rate permitted by law, to finance the Facilities and the Incidental Expenses described in Resolution No. 24-1449 of the City Council of the City of Menifee? YES PROPOSITION K: Shall a special tax with a rate and method of apportionment for the Improvement Area as NO_ provided in Resolution No. 24-1449 of the City Council of the City of Menifee be levied to pay for the Facilities, Incidental Expenses and other purposes described in Resolution No. 24-1449, including the payment of the principal of and interest on bonds issued by the District for the Improvement Area to finance the Facilities and Incidental Expenses? PROPOSITION L: For each year commencing with Fiscal Year 2024-2025, shall the appropriations limit, as YES defined by subdivision (h) of Section 8 of Article XIII B of the California Constitution, for Community Facilities NO_ District No. 2024-2 be an amount equal to $10,000,000? A-1 4870-7903-4580v2/200299-0025 OFFICIAL BALLOT COMMUNITY FACILITIES DISTRICT NO. 2024-2 (GOLDEN MEADOWS) OF THE CITY OF MENIFEE IMPROVEMENT AREA NO. 4 SPECIAL TAX AND SPECIAL BOND ELECTION August 7, 2024 You are entitled to cast 88 votes. To vote, stamp a cross (+ or X) in the voting square after the word "YES" or after the word "NO". All marks otherwise made are forbidden. All distinguishing marks are forbidden and make the ballot void. If you wrongly mark, tear, or deface this ballot, return it to the City Clerk and obtain another. PROPOSITION J: Shall Community Facilities District No. 2024-2 (Golden Meadows) of the City of Menifee (the "District") incur an indebtedness and issue bonds in the X maximum principal amount of $13,000,000 for YES Improvement Area No. 4 therein (the "Improvement Area") with interest at a rate or rates not to exceed the maximum NO interest rate permitted by law, to finance the Facilities and the Incidental Expenses described in Resolution No. 24- 1449 of the City Council of the City of Menifee? PROPOSITION K: Shall a special tax with a rate and YES x method of apportionment for the Improvement Area as provided in Resolution No. 24-1449 of the City Council of NO the City of Menifee be levied to pay for the Facilities, Incidental Expenses and other purposes described in Resolution No. 24-1449, including the payment of the principal of and interest on bonds issued by the District for the Improvement Area to finance the Facilities and Incidental Expenses? PROPOSITION L: For each year commencing with Fiscal Year 2024-2025, shall the appropriations limit, as defined YES by subdivision (h) of Section 8 of Article XIII B of the California Constitution, for Community Facilities District NO No. 2024-2 be an amount equal to $10,000,000? 4892-7822-63 88v 1 /200299-0025 EXHIBIT E CERTIFICATE OF CITY CLERK AS TO THE RESULTS OF THE CANVASS OF THE ELECTION RETURNS I, Stephanie Roseen, Acting City Clerk of the City of Menifee, do hereby certify that I have examined the returns of the Special Tax and Bond Election for Improvement Area No. 1 of Community Facilities District No. 2024-2 (Golden Meadows) of the City of Menifee (the "City"). The election was held in the City Council Chambers, 29844 Haun Road, Menifee, California, on August 7, 2024. 1 caused to be delivered ballots to each qualified elector. _ (_) ballots were returned. I further certify that the results of said election and the number of votes cast for and against Propositions A. B and C for Improvement Area No. 1 are as follows: PROPOSITION A YES: NO: TOTAL: PROPOSITION B YES: NO: TOTAL: PROPOSITION C YES: NO: TOTAL: I further certify that I have examined the returns of the Special Tax and Bond Election for Improvement Area No. 2 of Community Facilities District No. 2024-2 (Golden Meadows) of the City. The election was held in the City Council Chambers, 29844 Haun Road, Menifee, California, on August 7, 2024. 1 caused to be delivered ballots to each qualified elector. ballots were returned. I further certify that the results of said election and the number of votes cast for and against Propositions D, E and F for Improvement Area No. 2 are as follows: PROPOSITION D YES: NO: TOTAL: PROPOSITION E YES: NO: TOTAL PROPOSITION F YES: NO: TOTAL: I further certify that I have examined the returns of the Special Tax and Bond Election for Improvement Area No. 3 of Community Facilities District No. 2024-2 (Golden Meadows) of the City. The election was held in the City Council Chambers, 29844 Haun Road, Menifee, California, on August 7, 2024. 1 caused to be delivered ballots to each qualified elector. _ U ballots were returned. E-1 4894-7550-4333v3/200299-0025 I further certify that the results of said election and the number of votes cast for and against Propositions G, H and I for Improvement Area No. 3 are as follows: PROPOSITION G PROPOSITION H PROPOSITION I YES: YES: YES: NO: NO: NO: TOTAL: TOTAL: TOTAL: I further certify that I have examined the returns of the Special Tax and Bond Election for Improvement Area No. 4 of Community Facilities District No. 2024-2 (Golden Meadows) of the City. The election was held in the City Council Chambers, 29844 Haun Road, Menifee, California, on August 7, 2024. 1 caused to be delivered ballots to each qualified elector. ballots were returned. I further certify that the results of said election and the number of votes cast for and against Propositions J, K and L for Improvement Area No. 4 are as follows: PROPOSITION J PROPOSITION K PROPOSITION L YES: YES: YES: NO: NO: NO: TOTAL: TOTAL: TOTAL: Dated this 7tn day of August, 2024. E-2 4894-7550-4333v3/200299-0025 Stephanie Roseen Acting City Clerk City of Menifee MENIFEE STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF MENIFEE ) I, Stephanie Roseen, Acting City Clerk of the City of Menifee, do hereby certify that the foregoing City Council Resolution No. 24-1475 was duly adopted by the City Council of the City of Menifee at a meeting thereof held on the 7th Day of August 2024 by the following vote: Ayes: Estrada, Deines, Karwin, Sobek, Zimmerman Noes: None Absent: None Abstain: None ep anie Roseen, Acting City Clerk