Upon the sale of a new home which is subject to a Mello-Roos district, an assessment district or an open space district, any Person engaged in the business of real estate sales shall disclose the costs of the district to the buyer and the existence of any alternative to pay off those costs at the time of the purchase of the property. This disclosure shall take place before any binding commitment is made either by the seller to sell the property to a specific buyer or by the buyer to purchase the property. The disclosure shall be made in the form attached hereto as Exhibit “I” and incorporated herein by reference as if set forth in full. (Ord. 2275 § 1, 1988).

NOTE:    The unit you are purchasing is located within boundaries of community facilities districts and special assessment districts. The special taxes and assessments shown above are in addition to the base property taxes on the property.

The open space maintenance district is administered by the city of Chula Vista and the assessment has not been determined at this time. It is currently estimated, however, that the assessment, which is subject to annual adjustment as determined by the city of Chula Vista, will not exceed $_____ in year 1.

The schedule above is an estimate of the special taxes and assessments to be collected on your annual property tax bill. This amount will be increased consistent with the engineer’s news record construction index for the Los Angeles area.