HomeMy WebLinkAboutFN.1 - DTA
www.FinanceDTA.com 18201 Von Karman Avenue, Suite 220
Irvine, CA 92612
COUNTY OF HAWAI‘I
ON-CALL PROFESSIONAL SERVICES
PROPOSAL SUBMISSION DEADLINE:
JULY 30, 2024, AT 4:30 P.M.
Prepared for:
County of Hawai‘i
25 Aupuni Street, Suite 2103
Hilo, HI 96720
Attention: Diane Nakagawa, Director of Finance
www.FinanceDTA.com 18201 Von Karman Avenue, Suite 220
Irvine, CA 92612
Ms. Deanna Nakagawa June 27, 2024
Director of Finance
County of Hawai‘i
25 Aupuni Street, Suite 2103
Hilo, HI 96720
Phone: (808) 961-8234
RE: Notice to Providers of Professional Services (HRS 103D-304)
Dear Ms. Nakagawa:
DTA, formerly David Taussig & Associates, is pleased to submit this copy of our proposal describing
our firm and credentials for providing Accounting Services [Accounting, Analysis, and
Administration of Special Districts (FN.1)] on an on-call basis to the County of Hawai‘i (the
“County”). It is our understanding that various departments and agencies of the County plan to use
professional services in several categories of work during the fiscal year 2024-25, beginning
approximately July 2024. Pursuant to the County’s Notice to Providers of Professional Services, DTA
would like to express its interest in providing Accounting Services to the County.
For your reference, in terms of local experience, DTA has been involved in public finance in the State
of Hawaii since 2004. DTA assisted with the formation of the City and County of Honolulu (Waiawa)
Community Facilities District (“CFD”), formation of numerous CFDs for the County of Hawai‘i
(projects known as Aina Lea, Palamanui, Unidev, and Wailani), and formation, bond sale, and annual
administration services for the County of Kauai CFD No. 2008-1 (Kukuiula). DTA is currently under
contract with the County of Kauai to provide ongoing annual CFD administration services. We
recently assisted the County of Kauai with their most recent bond issuance for CFD No. 2008-1.
Bonds were sold in April 2022 in the amount of $30,810,000. DTA also assisted the County with the
sale of bonds in December 2019 in the amount of $20,320,000 for the CFD. In addition, we assisted
developers in the private sector, including work for Kapolei and Hunt on the island of Oahu.
In addition, DTA is proud to note that, in collaboration with PBR HAWAII, R.M. Towill Corporation,
Ronald N.S. Ho and Associates, Inc., CallisonRTKL, Fehr & Peers, and Arup, our State Transit-Oriented
Development (“TOD”) Planning and Implementation Project was selected as the recipient of the
2021 American Planning Association Hawaii Annual Chapter Award in the Economic
Development Planning category. The State TOD Planning and Implementation project for O‘ahu,
commissioned by the State of Hawai‘i Department of Business, Economic Development, and
Tourism (“DBEDT”), State Office of Planning, supplements and expands on the 2018 State TOD
Strategic Plan to provide more detailed design, analysis, infrastructure planning, and
implementation strategies for three priority areas: East Kapolei, Hālawa-Stadium, and
Iwilei-Kapālama. The study includes an assessment of potential development around the three
priority areas, an evaluation of infrastructure capacity and requirements to accommodate the future
growth potential, the determination of proposed infrastructure improvements to support such
growth, and the identification of possible financing opportunities to facilitate the development of
the three priority areas. For the study, the project team developed a land use development model
to project future infrastructure demand requirements. The model was based on anticipated land
uses and densities identified in the County’s Neighborhood TOD Plans and took into consideration
development potential of various properties based on landowner/developer input and market
projections.
DTA is a public finance consulting firm with offices in Irvine, San Francisco, San Jose, and Riverside,
California, as well as Dallas and Houston, Texas, Raleigh, North Carolina, and Tampa, Florida. Since
its establishment in 1985, DTA has completed consulting assignments for over 3,000 clients in
www.FinanceDTA.com 18201 Von Karman Avenue, Suite 220
Irvine, CA 92612
22 states. During this period, the firm has been involved in the formation of over 2,000 public
finance districts, with total bond authorizations exceeding $75 billion. In addition to the planning
and formation of a variety of types of special districts, DTA has provided annual administration
services since its formation for more than 1,500 special districts and municipalities to levy special
taxes, special assessments, and various rates and charges on property tax bills. DTA has also been
involved in fiscal and economic analyses of land development impacts, project feasibility studies,
and economic development studies. DTA has prepared approximately 500 fee justification studies
for a variety of public improvements, including water, sewer, and flood control facilities, fire and
police stations, parks, libraries, transportation, and other types of infrastructure.
Given our extensive experience in special district formation and administration, we believe our firm
is well qualified to provide consulting services for this project. DTA’s high level of experience in
providing financial and administrative services related to assessments and taxes has put us in a
unique position within the municipal finance industry. Having provided these services for our first
special district in 1985, our assessment/special tax formulas have generated revenues to support
hundreds of bond issues over the past 39 years, all of which have withstood the test of time. During
this period, we have developed a number of assessment/special tax methodologies that have
become the standards of our industry. In addition, DTA is a registered Municipal Advisor with the
U.S. Securities and Exchange Commission (“SEC”) and Municipal Securities Rulemaking Board
(MSRB ID #K0961).
Our proposal has been prepared to establish the following:
DTA’s experience/qualifications. DTA's level of experience with levying fixed charges and
the formation and issuance of bonds for special financing districts is unequaled as our firm
is the State of California's leading Special Tax Consultant, having prepared special tax
formulas on behalf of public agencies for the establishment of over 1,500 special financing
districts. We take a hands-on, detail-oriented approach with an emphasis on accuracy,
efficiency, and reliability. Automation is a key component of our services as it aids in the
elimination of errors, documentation of procedures, and development of audit trails. These
capabilities are frequently combined with our infrastructure finance consulting services to
develop public infrastructure and services financing strategies and plans. Additional
information on DTA is available on our website (www.FinanceDTA.com).
DTA’s commitment to providing superior service to the County. DTA has earned the trust
of public agencies, bond investors, and other industry participants. Our name is
synonymous with quality, accuracy, and responsiveness. Our clients understand there is a
quantifiable difference to our consulting services that gives us a clear edge over the
competition. DTA is committed to excellence and innovation, which allows us to attract and
retain the most experienced and knowledgeable personnel in the industry. Our work
product is unparalleled and we are committed to performing the required work in a timely
manner. Our dedication to our clients’ needs and expectations is unsurpassed.
DTA’s high-level support. Perhaps DTA’s most outstanding qualification is the dedication
and loyalty of the senior employees in our firm, many of whom have worked with us for
20 years or more, enabling our clients to count on the same personnel year after year on the
job. As a result, DTA is able to offer a level of management expertise that is unequalled
throughout the fields of financial and special tax consulting.
Our firm has assembled a project team for the County with the breadth of experience required to
provide professional services in a professional and timely manner. This project would be handled
out of DTA’s Irvine office. Andrea Roess, a Managing Director at DTA, would serve as the
www.FinanceDTA.com 18201 Von Karman Avenue, Suite 220
Irvine, CA 92612
Principal-in-Charge and have the County’s primary account responsibility. Ms. Roess would be
assisted by Nehal Thumar, a Vice President at DTA, and other support staff. Brief resumes for each
of our senior team members are included in Section IV of this proposal.
If you have any questions regarding DTA, our team members, or the enclosed proposal, please
contact Andrea Roess during the proposal evaluation period at (800) 969-4DTA x208 or by e-mail at
Andrea@FinanceDTA.com. Thank you for the opportunity to work with you on this engagement.
Best Regards,
David Taussig
Chairman/Managing Director
Phone: (800) 969-DTA
David@FinanceDTA.com
TABLE
OF CONTENTS
SECTION PAGE
I COMPANY NAME AND LOCATIONS .............................. 1
II COMPANY AGE AND EMPLOYEE AVERAGE .................. 2
III FIRM QUALIFICATIONS .................................................... 3
A Firm Overview .................................................................. 3
B Special District Experience ............................................ 5
C Administration Experience ............................................ 7
IV KEY PERSONNEL QUALIFICATIONS ............................... 9
A DTA Team Resumes ...................................................... 10
V REFERENCES ...................................................................... 13
A County of Kauai ............................................................. 14
B County O’ahu ................................................................. 14
C City of Anaheim ............................................................. 15
D County of Orange .......................................................... 16
E City of Los Angeles ........................................................ 17
F Capistrano Unified School District ............................ 18
VI DESCRIPTIVE LITERATURE ............................................ 19
1
SECTION I
COMPANY NAME AND
LOCATIONS
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
I COMPANY NAME AND LOCATIONS
DTA is pleased to submit this copy of our proposal describing our firm and credentials for providing
Accounting Services [Accounting, Analysis, and Administration of Special Districts (FN.1)] on an
on-call basis to the County of Hawai‘i (the “County”). It is our understanding that various
departments and agencies of the County plan to use professional services in several categories of
work during the fiscal year 2024-25, beginning approximately July 2024. Pursuant to the County’s
Notice to Providers of Professional Services, DTA would like to express its interest in providing
Accounting Services to the County.
DTA is a California public finance consulting firm with a national practice focusing on the
establishment and implementation of infrastructure and public services financing programs for local
municipalities in California and 21 other states. Organized as a corporation, the firm has its
corporate headquarters in Irvine, as well as branch offices in Riverside, San Jose, and San Francisco,
California, Dallas and Houston, Texas, Raleigh, North Carolina, and Tampa, Florida. A complete
listing of DTA’s administrative business offices is provided in Table 1. DTA has been licensed
and registered with the SEC and MSRB as a Municipal Advisor (No. 867-01160) and follows
all the fiduciary requirements associated with this designation. Additional information on DTA
is available on our website (www.FinanceDTA.com).
Table 1: Location of Offices
City, ST Address Phone No.
Irvine, CA 18201 Von Karman Avenue, Suite 220
Irvine, CA 92612 (800) 969-4DTA
San Francisco, CA 2250 Hyde Street, 5th Floor
San Francisco, CA 94109 (415) 962-1480
San Jose, CA 99 Almaden Blvd., Suite 875
San Jose, CA 95113 (800) 969-4DTA
Riverside, CA 11801 Pierce Street, Suite 200
Riverside, CA 92505 (800) 969-4DTA
Dallas, TX 8117 Preston Road, Suite 300
Dallas, TX 75225 (936) 714-2014
Raleigh, NC 614 Capital Boulevard, Unit 202
Raleigh, NC 27603 (919) 247-9449
Tampa, FL 2202 N. West Shore Blvd., Suite 200
Tampa, FL 33607 (800) 969-4DTA
Andrea Roess, a Managing Director at DTA, would serve as the Principal-in-Charge and have the
County’s primary account responsibility. Ms. Roess is available by phone at (800) 969-4DTA x208
or by e-mail at Andrea@FinanceDTA.com.
2
SECTION II
COMPANY AGE AND EMPLOYEE
AVERAGE
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
II COMPANY AGE AND EMPLOYEE AVERAGE
DTA was incorporated in the State of California on May 15, 1986, and has been doing business for
over 38 years. The corporation has two officers, specifically David Taussig, Chairman/Managing
Director, and Cecily Burke, Secretary, both of whom are authorized to bind the firm. DTA’s
management personnel consists of four principals identified as David Taussig,
Chairman/Managing Director, Kelly Wright, Chief Executive Officer, Andrea Roess, Managing
Director, and Kuda Wekwete, Managing Director. Over the past 5 years, our firm has had an
average of 50 employees per year.
3
SECTION III
FIRM QUALIFICATIONS
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
III FIRM QUALIFICATIONS
A Firm Overview
DTA is a California public finance consulting firm with a national practice focusing on the
establishment and implementation of infrastructure and public services financing programs for local
municipalities in California and 21 other states. Organized as a corporation, the firm has its
corporate headquarters in Irvine, as well as branch offices in Riverside, San Jose, and San Francisco,
California, Dallas and Houston, Texas, Raleigh, North Carolina, and Tampa, Florida. DTA has
provided consulting services to public and private sector clients nationwide in the States of
Arizona, Arkansas, California, Colorado, Hawaii, Idaho, Illinois, Maryland, Montana, Nevada,
New Mexico, North Carolina, Oklahoma, South Carolina, Texas, and Utah. Consequently, we
are experienced with a wide variety of public improvements and service financing mechanisms,
including Assessment Districts (“ADs”), Business Improvement Districts (“BIDs”), CFDs,
Development Districts, Mill Levy Districts, Public Improvement Districts (“PIDs”), Special Service
Areas (“SSAs”), and Tax Increment Development Districts (“TIDDs”). Additional information on
DTA is available on our website (www.FinanceDTA.com).
For your reference, in terms of local experience, DTA has been involved in public finance in the State
of Hawaii since 2004. DTA assisted with the formation of the City and County of Honolulu (Waiawa)
CFD, the formation of numerous CFDs for the County of Hawai‘i (projects known as Aina Lea,
Palamanui, Unidev, and Wailani), and formation, bond sale, and annual administration services for
the County of Kauai CFD No. 2008-1 (Kukuiula). DTA is currently under contract with the County of
Kauai to provide ongoing annual CFD administration services. We recently assisted the County of
Kauai with their most recent bond issuance for CFD No. 2008-1. Bonds were sold in April 2022 in
the amount of $30,810,000. DTA also assisted the County with the sale of bonds in December 2019
in the amount of $20,320,000 for the CFD. In addition, we assisted developers in the private sector,
including work for Kapolei and Hunt on the island of Oahu.
DTA is particularly known for its specialized expertise in the design and annual administration of
ADs and CFDs, levies of a variety of rates and charges, and issuance of municipal bond issues. In
addition, the firm’s public finance group provides fiscal and economic impact and Development
Impact Fee (“DIF”) consulting services. We are also experienced in grant writing for Federal and state
funding and tax credit programs. All these capabilities are frequently combined with our
infrastructure finance consulting services to develop public infrastructure and services financing
strategies and plans.
DTA currently has a staff of approximately 50 employees, all of whom are directly involved solely in
public finance. Staff members come from backgrounds in a number of fields, including land
development, public administration, civil engineering, investment banking, economic consulting,
redevelopment, law, and land use planning. This diversity of experience and expertise allows DTA
to meet a wide variety of challenges related to both the actual work product and client management.
DTA's personnel have considerable experience in computer-based financial analyses and modeling,
which is a key component of the firm's consulting services. This fact ensures that the review and
development of any computer model(s) will be in experienced hands. In addition, DTA is a
registered Municipal Advisor with the SEC/MSRB (MSRB No. 867-01160) and follows all the
fiduciary requirements associated with this designation.
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FIRM QUALIFICATIONS
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
Since its establishment in 1985, DTA has completed consulting assignments for more than 3,000
clients in 22 states. During this period, the firm has been involved in the formation of more than
2,000 public finance districts, with total authorized bonded indebtedness in excess of $75 billion.
Our financing programs have utilized a variety of public financing mechanisms, such as ADs, CFDs,
Certificates of Participation, Tax Allocation Bonds, Sewer and Water Revenue Bonds, Marks-Roos
Bond Pools, Landscaping and Lighting Districts ("LLDs"), Integrated Financing Districts, and various
types of fee programs. DTA’s level of experience with special district formations is unequaled as
our firm is the State of California’s leading special tax and assessment consultant, having
prepared special tax and assessment formulas on behalf of public agencies for the establishment
of over 1,500 CFDs, ADs, and LLDs. We are also the State’s leader in CFD, AD, and LLD
administration as we are currently servicing over 800 special financing districts annually. In
addition, DTA has considerable experience establishing a variety of types of financing districts and
property owner associations for the purpose of funding public service shortfalls created by new
development.
DTA has served as the Special Tax Consultant and/or Assessment Engineer for numerous cities,
counties, water districts, and school districts. For your reference, DTA levied special taxes,
assessments, and other charges on more than 3,010,000 Assessor parcels in over 800 districts in
fiscal year 2023-24. In addition, we prepared and/or disseminated over 300 Continuing Disclosure
Reports in the last 12 months.
DTA’s consulting services include:
Annual administration of special districts;
Special tax and assessment engineering;
Public infrastructure and public services financing strategies;
Property Assessed Clean Energy (“PACE”);
Fiscal and economic impact analyses;
Proposition (”Prop”) 218 and Assembly Bill (“AB”) 1600 compliance studies;
Federal and state grant and loan applications;
Economic development and revitalization studies; and
Public improvement construction management services.
On a national basis, DTA has planned and implemented Public Facilities Financing Plans (“PFFPs”)
that have ranged from the quantitative analysis of a single financing mechanism for an individual
facility to the preparation of a comprehensive public financing plan covering multiple facilities and
public services through a series of financing mechanisms. Our financial analyses provide public
officials, landowners, and other interested parties with the level of information necessary to make
fully informed decisions regarding land use, infrastructure, and public services financing issues.
Furthermore, DTA staff has extensive experience working with various stakeholder groups, including
public agencies, residents and businesses, property owner associations, land developers, public
finance professionals, local Chambers of Commerce, and other interested parties.
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SECTION III
FIRM QUALIFICATIONS
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
DTA's clients include municipalities, school districts, water districts, and other public agencies.
Our work products enable our clients to evaluate the feasibility of proposed financing
mechanisms, including compliance with policy guidelines, the satisfaction of statutory
requirements and underwriting criteria, and the quantification of landowner financial
obligations. DTA staff has the knowledge and experience necessary to guide you from policy
and financial feasibility analysis to implementation. DTA also provides comprehensive services
to assist municipalities with the annual levy and collection of assessments, computation of
arbitrage/rebate liability, and continuing disclosure.
DTA’s special tax and assessment formulas, some of which have been in use since 1985, are based
on a variety of methodologies that have withstood the test of time and legal scrutiny. Our firm’s
objective has been to take a balanced approach and utilize innovative and state-of-the-art
techniques that enable all parties to receive the maximum benefit from public financing. DTA is
aware of and has contributed to the most innovative and creative concepts in land-secured public
financing. DTA’s knowledge and experience have enabled the firm to maximize the capacity of
land-secured financing programs while minimizing burdens on homebuyers and other property
owners.
B Special District Experience
Typically, municipalities seek out the services of a Special Tax Consultant or an Assessment
Engineer to utilize the consultant’s specialized qualifications to advise and provide technical
assistance to ensure numerical and technical accuracy in the assessments being charged,
develop a legally defensible and equitable distribution of public improvement and/or services
costs, and otherwise assist with the structuring and implementation of each special district in a
manner consistent with the municipality’s stated goals and policy objectives. DTA has the
necessary expertise to provide these consulting services by virtue of its professional staff’s many
years of experience specializing in the formation and administration of special districts. Notably,
the firm has been involved in the enrollment and collection of special assessments for 39 years.
DTA’s special district experience takes many forms, as illustrated in the discussion below.
Broad-Based Experience: DTA has considerable experience with virtually every CFD/AD
scenario imaginable. We have participated in districts with single and multiple property
owners, improvement areas or zones, single and multiple series of bonds, escrowed
bonds, fixed and variable rate and capital appreciation bonds, and residential and
non-residential land uses. DTA has developed apportionment methodologies for the
financing of Master Plan capital improvements, local subdivision improvements, public
services, and even the undergrounding of existing overhead utilities. We have
participated in the formation of land-secured districts containing fewer than 20 dwelling
units and those with more than 38,000 dwelling units. Our staff has participated in
numerous refundings and restructurings as well. This experience gives us the ability to
analyze our clients’ needs and match those needs with the financing mechanism that
will maximize the capacity of the financing program while minimizing burdens on
homebuyers and other property owners. Furthermore, the variety of financing structures
for which we have provided these services have given us a perspective and level of skill
that is unmatched. DTA’s financial consulting services and work products reflect the
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SECTION III
FIRM QUALIFICATIONS
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
scrutiny and refinement that can only come through such extensive experience. This
proficiency can be crucial in identifying and resolving issues and helping our clients
avoid the pitfalls that we have seen cause problems for other municipalities.
DTA’s assessment apportionment methodologies and special tax formulas have been
utilized for the sale of hundreds of bond issues and provided the firm with considerable
experience working with property owners, public agencies, underwriters, bond counsels,
and financial advisors to provide benefit apportionment methods satisfactory to all parties.
In the process, DTA has also worked frequently with institutional bond purchasers, all of
whom are familiar with the firm and its expertise in the field of assessment engineering and
special tax consulting.
Legal Knowledge: Our senior professional staff is not only intimately familiar with the
provisions of Section 46-80.1 of the Hawaii Revised Statutes and other local codes, such
as Chapter 26 of the Kauai County Code 1987, but also has extensive real-world
experience with each of their respective applications. This means that our advice and
consulting services are grounded in a true understanding of each law and are not merely
restatements of industry practices.
DTA is committed to providing independent, objective, and unbiased work product. DTA
staff regularly reviews legal opinions, regulations, and statutes that impact or modify the
provisions of the applicable code (and related case law). As such, DTA’s deliverables reflect
the most current developments in public finance and real property law. Notably, DTA has
never been sued in the 39 years we have been in business, which is truly remarkable
considering the litigious nature of our given fields of expertise.
Innovation: Having been involved with special tax consulting since its infancy, DTA has
pioneered many of the industry’s techniques and standards. DTA’s special assessment
and special tax formulas, some of which have been in use since 1985, are based on a
variety of methodologies that have withstood the test of time. Our firm’s objective has
been to take a balanced approach and utilize innovative and state-of-the-art techniques
that enable all parties to receive the maximum benefit from public financing. DTA is
aware of and has contributed to the most innovative and creative concepts in special
district financing. Our knowledge and experience have allowed us to maximize the
capacity of land-secured financing programs while minimizing burdens on homebuyers
and other property owners. Today, DTA continues to seek innovative solutions and
refine our work product to better serve and protect our clients.
Adaptability: Each member of DTA’s professional staff has considerable experience in
computer-based financial analyses and modeling. This experience gives DTA the ability
to adapt and create new models to meet any of the County’s changing needs.
High-Level Support: DTA’s clients receive high levels of personal attention from senior
staff, with a Principal, Senior Vice President, or Vice President always available to meet
with public agency staff and other groups. Due to the loyalty of DTA’s senior staff, many
of whom have worked with us for 20 years or more, DTA is able to offer a level of
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SECTION III
FIRM QUALIFICATIONS
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
management expertise that is unequalled throughout the field of assessment/special tax
consulting.
C Administration Experience
In addition to being the State of California’s leading Special Tax Consultant for the formation of
various public financing districts, DTA has also been a State leader in the enrollment and
collection of special taxes and assessments for 39 years. Therefore, unlike many consulting
firms, we bring a depth of experience that is only achieved by providing consulting services on
both the formation and administration of special districts. Furthermore, DTA’s ability to retain
the vast majority of its senior employees enables our firm to provide management expertise that
is without peer in the special tax consulting field. What makes DTA stand out is that our
employees are encouraged to work on both the formation and administration of special
financing districts, which provides our staff with a comprehensive understanding of the details
involved in implementing a successful financing district.
DTA is currently administering over 800 special financing districts annually. Our staff is
extremely knowledgeable with respect to the relevant law governing the enrollment of special
taxes and assessments and has helped establish the industry's practices through our
participation in various trade groups, such as the California Society of Municipal Finance Officers
(“CSMFO”), Women in Public Finance, and CASTOFF. We are also intimately familiar with County
Auditor-Controller, Assessor, Treasurer-Tax Collector, and Recorder practices, which is critical
for the successful administration of special districts. DTA fully utilizes all internet resources and
our staff regularly accesses Assessor and title company files, as necessary, to establish
overlapping debt information and perform other due diligence functions related to special
district formation and annual administration.
Specifically, assessment liens are typically apportioned on an acreage or dwelling unit basis,
with the requirement that the sum of the apportioned liens equals the lien for the “parent”
parcel. DTA staff is experienced with the preparation of boundary maps, assessment diagrams,
apportionment diagrams, and Bond Holder Notices and has staff that is skilled in the operation
of AutoCAD. As we have prepared boundary maps for special districts throughout California
and nationwide, we are familiar with counties’ procedures and specifications for boundary maps
and assessment diagrams.
Data Collection: DTA will establish procedures for capturing parcel data (e.g., approved
tentative maps, recorded final maps, parcel changes, County Assessor's roll, and parcel
payment status). District information will be maintained in a relational database with the
Assessor's Parcel Number (“APN”) as the key field. Changes to the district database will
be recorded independently, with actual updates made programmatically to increase
accuracy, preserve history, and leave an audit trail. In other words, parcel deletions and
additions and building permit information will be recorded in separate files and then
programmatically linked to the district database in order to reflect changes.
Fund Accountability Analysis: DTA maintains its own fund account database, which
allows us to produce management-level account activity reports. This facilitates
indenture compliance review and the reconciliation of disbursements, special tax and
assessment receipts, and investment earnings. In our experience, trust account
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FIRM QUALIFICATIONS
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
statements are virtually useless for management purposes. There is simply too much
paper with a 5- to 10-page statement produced for each account each month. DTA
rekeys the statement data into a database and is able to run consolidated reports for any
time period showing all accounts on a single page. Inconsistencies with the indenture
will be communicated to the trustee.
Calculation and Enrollment of Special Taxes: Using the data compiled in the fund
accountability analysis, DTA will evaluate year-end sources and uses of funds. Budgeted
revenues and expenditures will be compared to actuals and year-end balances will be
estimated. DTA will determine the coming year's special district expenditures, calculate
the assessment installments, and enroll the assessments installment with the applicable
county.
Public Information: DTA will serve as the point of contact for taxpayers and other
interested parties. Our professionals can be reached using a toll-free "800" number and
will respond to telephone inquiries directly and/or in writing, as requested.
Delinquency Management: DTA will review property tax payment data and prepare a
report that lists each delinquent parcel and the corresponding amount of delinquent
special taxes. Delinquency data will be reviewed after each tax installment due date and
at fiscal year-end. At the request of the County, DTA can mail Delinquency Notices to
property owners and/or lenders in accordance with the established delinquency
management procedures.
9
SECTION IV
KEY PERSONNEL
QUALIFICATIONS
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
IV KEY PERSONNEL QUALIFICATIONS
DTA has assigned personnel to this project who bring experience and technical expertise to each
unique element of study. Our team organization is illustrated below. Project roles of our key
team members are described below and followed by professional resumes. All personnel will
be available full-time (100%) for the duration of the project.
DTA has assembled a project team for the County with
the breadth of experience required to provide on-call
professional services in a professional and timely
manner. This project would be primarily handled out
of DTA’s Irvine office. Andrea Roess, a Managing
Director at DTA, would serve as the Principal-in-Charge
of DTA’s project team and handle primary account
responsibilities for this engagement. Ms. Roess will attend
meetings as necessary and supervise all project staff.
Ms. Roess will also serve as the Project Manager for the
DTA team and be the County’s primary point of contact
throughout this engagement. She will oversee all
day-to-day activities and attend all meetings. This will
include scheduled meetings with County staff at which
she will provide regular updates regarding progress and
any problems that have arisen. In addition, Ms. Roess will
be setting up conference calls with County staff and other
interested parties whenever necessary. She may schedule
these conference calls once per month on a date
in-between any scheduled meetings with County staff.
Ms. Roess will handle the ongoing execution and
completion of the entire Scope of Work and match DTA’s
work and deliverables with the County’s needs and
objectives. She will also manage the work of DTA’s project team, including leading data collection
efforts, providing senior-level analysis, reviewing progress and work products with County staff and
stakeholders, and presenting findings at project meetings. Ms. Roess will be assisted in these tasks
by Mr. Thumar. DTA’s proposed key personnel meet the Financial Analysis Series Individual
Occupational Requirements contained in the United States Office of Personnel Management’s
Qualifications Standards Handbook. Please refer to Section V for a partial list of the municipal
clients to whom our proposed key personnel have provided special district formation and
administration services in California in recent years.
Key personnel will be available to the extent proposed, or designated by the County, for the duration
of the project and no person designated as “key” to the project shall be removed or replaced without
the prior written concurrence of the County. In addition, DTA is not behind schedule or past the
completion date for any active projects and has a long history of delivering projects on a timely basis
and adhering to agreements.
Figure 1: Team Organization Chart
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KEY PERSONNEL
QUALIFICATIONS
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
DTA has an enviable reputation for producing high-quality work in a quick and efficient manner to
correspond with even the most aggressive project schedule. DTA’s clients also receive high levels
of personal attention from senior staff, with a Principal, Senior Vice President, or Vice President
always available to meet with public agency staff and other groups.
According to the SEC, as of September 12, 2017 (due to a new regulatory requirement),
representatives of Municipal Advisor firms must have earned the Series 50 license to engage in
municipal advisory activities. DTA managers at the Vice President level and above are Series 50
licensed and therefore duly authorized by the SEC/MSRB to engage in municipal advisory activities.
A DTA Team Resumes
Andrea Roess
Managing Director | Andrea@FinanceDTA.com
Project Role – Principal-in-Charge/Project Manager
Since joining DTA in 1992, Ms. Roess has participated in all aspects of the
formation and implementation of special finance districts to fund infrastructure
and services. She has managed the formation and annual administration of
more than 300 land-secured financing districts, including the first CFD to sell
bonds in Hawaii and several PACE programs. In addition, Ms. Roess established
and manages DTA's water and sewer practice and is a leader in the development
of PACE programs.
Ms. Roess has utilized her computer skills to develop numerous state-of-the-art computer models
that evaluate cash flows related to funding infrastructure and public services. This ability has
enabled her to develop sophisticated bond structuring concepts for CFDs and ADs, as well as
complex fiscal impact and fee impact models. She has also prepared hundreds of Rates and Methods
of Apportionment (“RMAs”) for CFDs and been involved in the development of escrow release
formulas and bond pool financing structures. In addition, Ms. Roess has experience in the
preparation of PFFPs, Water/Sewer Revenue Bond analyses, and tax increment analyses. She is also
the Project Manager in charge of annual special tax administration for more than 120 financing
districts throughout California, Hawaii, and Nevada.
In addition, Ms. Roess has become an influential voice in the world of CFDs and public finance
through an intimate understanding of CFD subject matter that is unrivaled in the industry. Her
direct and innovative approach to solving problems has led to a variety of innovative and
successful solutions for her clients. This success has not gone unnoticed in the CFD circle. For
years, industry professionals have sought her guidance and insights on a wide variety of issues
that they faced. She is regularly asked to participate at speaking engagements and conferences
to share her experiences and knowledge related to CFD structuring and other public finance
topics.
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KEY PERSONNEL
QUALIFICATIONS
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
For your reference, listed below is a sampling of current clients to whom Ms. Roess provides
both district formation and annual administration consulting services.
Borrego Water District County of Imperial;
City of Anaheim; County of Los Angeles;
City of Blythe; County of Orange;
City of Brawley; County of San Bernardino;
City of Calexico; County of Santa Barbara;
City of Cathedral City; Laguna Beach Unified School District;
City of Los Angeles; Riverside Unified School District;
City of Oceanside; San Diego County Fire Protection District; and
County of Imperial; Upland Unified School District.
Ms. Roess has been involved in public finance in the State of Hawaii since 2004. She has assisted
with the formation of the City and County of Honolulu (Waiawa) CFD, formation of numerous CFDs
for the County of Hawai‘i (projects known as Aina Lea, Palamanui, Unidev, and Wailani), and
formation, bond sale, and annual administration services for the County of Kauai CFD No. 2008-1
(Kukuiula). She has also assisted developers in the private sector, including work for Kapolei and
Hunt on the island of Oahu. In addition, Ms. Roess was part of the team that included PBR HAWAII,
R.M. Towill Corporation, Ronald N.S. Ho and Associates, Inc., CallisonRTKL, Fehr & Peers, and Arup,
in which our State TOD Planning and Implementation Project was selected as the recipient of the
2021 American Planning Association Hawaii Annual Chapter Award in the Economic
Development Planning category.
Ms. Roess holds an M.B.A. degree with a concentration in finance from San Francisco State University
and a B.A. in psychology/public policy analysis from Pomona College.
Ms. Roess is also active in industry groups, including Women in Public Finance, CSMFO, and many
others. In addition, Ms. Roess serves on the Board of Directors for the Association of Women in
Water, Energy, and Environment (“AWWEE”) and has participated on numerous panels and
workshops related to public financing. She also holds a Series 50 license as a registered Municipal
Advisor with the SEC/MSRB under rules promulgated following the Dodd-Frank Act in 2010.
Nehal Thumar
Vice President | Nehal@FinanceDTA.com
Project Role – Task Specialist
Since joining DTA in 2000, Mr. Thumar has been involved in all aspects of the
formation and implementation of numerous CFDs located throughout California
and Hawaii. Mr. Thumar’s responsibilities related to these CFDs have included the
preparation of tax spread proforma analyses, RMAs, Public Reports, and
overlapping debt analyses. In addition, he has managed the annual
administration of over 25 CFDs in Southern California and prepared due diligence,
tax projections, and Disclosure Reports related to land-secured bond issuances
for numerous clients in Arizona, California, and Nevada.
Additionally, Mr. Thumar’s involvement on both the CFD formation and annual administration side
has provided him with a unique perspective. For instance, he has reviewed numerous CFD
formation and legal documents from the standpoint of how each CFD may impact interested
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KEY PERSONNEL
QUALIFICATIONS
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
stakeholders down the line through an annual administration point of view. This type of exposure
to both CFD formation and annual administration has afforded Mr. Thumar the ability to identify any
future pitfalls prior to the actual formation of a district. For your reference, listed below is a sampling
of current clients to whom Mr. Thumar provides both district formation and annual administration
consulting services.
Borrego Water District County of Imperial;
City of Anaheim; County of Los Angeles;
City of Blythe; County of Orange;
City of Brawley; County of San Bernardino;
City of Calexico; County of Santa Barbara;
City of Cathedral City; Laguna Beach Unified School District;
City of Los Angeles; Riverside Unified School District;
City of Oceanside; San Diego County Fire Protection District; and
County of Imperial; Upland Unified School District.
Mr. Thumar recently assisted the County of Kauai, Hawaii, with their most recent bond issuance for
CFD No. 2008-1, known as Kukui`ula. Bonds were sold in April 2022 in the amount of $30,810,000.
DTA also assisted the County with the sale of bonds in December 2019 in the amount of $20,320,000
for the CFD. In its role as the Special Tax Consultant, DTA prepared overlapping debt tables,
value-to-lien analyses, and debt service coverage tables. We also assisted the financing team with
the review of bond documents, including the Official Statement.
Mr. Thumar has also prepared Fiscal Impact Reports (“FIRs”) for various public agency clients. In
addition, Mr. Thumar has worked on the preparation of DIF justification studies. His work during
the impact fee justification and apportionment analysis process for each respective project has
included the preparation of capital improvement and public facilities needs lists, fee model
development, report writing, data collection, and interactions with city/county staff and key
stakeholders.
Mr. Thumar holds a B.A. in economics from the University of Southern California (“USC”) and an
M.B.A. degree with a concentration in finance. He also holds a Series 50 license as a registered
Municipal Advisor with the SEC/MSRB under rules promulgated following the Dodd-Frank Act in
2010.
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SECTION V
REFERENCES
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
V REFERENCES
DTA has provided public finance consulting services to virtually every major city and county in
the State of California. Our city clients are too numerous to list individually but include the
Cities of Anaheim, Fresno, Long Beach, Los Angeles, Sacramento, San Diego, San Francisco, and
San Jose. Our county clients have included the Counties of Alameda, Butte, Contra Costa,
Fresno, Imperial, Los Angeles, Madera, Marin, Orange, Placer, Riverside, Sacramento, San
Bernardino, San Diego, San Francisco, Santa Barbara, Shasta, Sutter, Stanislaus, and Yuba. DTA
has also provided public finance consulting services for over 325 school districts, water districts,
and fire protection districts throughout California.
A partial list of the municipal clients to whom we have provided special district formation and
administration services in California in recent years is provided below.
City of San Mateo; County of Madera;
City of Pomona; Capistrano Unified School District;
County of Orange; City of Anaheim;
County of San Bernardino; City of Montclair;
Lake Arrowhead Community Services District (“CSD”); City of Buena Park;
Borrego Water District; City of Cathedral City;
Rancho California Water District; City of Oceanside;
Riverside Unified School District; Poway Unified School District;
Santa Margarita Water District; Laguna Beach Unified School District;
CSCDA; Alum Rock Union School District;
Elsinore Valley Municipal Water District; Berryessa School District;
Schell-Vista Fire Protection District; Cambrian School District;
Casitas Municipal Water District; Campbell Union High School District;
City of Irvine; Campbell Union School District;
City of Los Angeles; City of Cupertino, Public Works;
County of Los Angeles; Cupertino Union School District;
Rio School District; Evergreen School District;
Temescal Valley Water District; Franklin McKinley School District;
City of Fullerton; Fremont Union High School District;
City of Ione; Lake Canyon Community Service;
City of Redwood City; Lions Gate CSD;
City of Simi Valley; Loma Prieta Jt Union School District;
Desert Sands Unified School District; Los Altos School District;
Granada Sanitary District; Los Gatos Union School District;
Rancho Santa Fe CSD; Mt Pleasant School District;
Capistrano Bay CSD; Milpitas Unified School District;
City of Malibu; Moreland Elementary School District;
City of Richmond; Morgan Hill Unified School District;
City of Soledad; Mountain View Whisman School District;
Riverside County Flood Control and Water
Conservation District;
Los Gatos-Saratoga Joint Union High School
District;
County of Marin; Oak Grove School District;
Tejon Ranch Public Facilities Financing Authority; Palo Alto Unified School District;
Upland Unified School District; San Martin County Water District;
City of San Marcos; Santa Clara County Library;
County of Contra Costa; Saratoga Union School District;
County of Imperial; Sunnyvale School District; and
CSUCI Site Authority; Union School District.
Santa Barbara County;
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SECTION V
REFERENCES
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
Listed below are six (6) references for DTA’s recent work involving assessment engineering and
special district administration services for clients in California. We encourage you to contact
our references to learn firsthand how well our staff meets the needs of our clients.
A County of Kauai
Table 2: Reference Information
Location County of Kauai, HI
Contact Name Michelle Lizama
Title Deputy Director of Finance
Address 4444 Rice Street, Suite 280, Lihue, HI 96766
Phone Number (808) 241-4271
E-mail Address MLizama@Kauai.gov
Project Dates 2008-Present
DTA recently assisted the County of Kauai, Hawaii, with their most recent bond issuance for CFD
No. 2008-1, known as Kukui`ula. Bonds were sold in April 2022 in the amount of $30,810,000. DTA
also assisted the County with the sale of bonds in December 2019 in the amount of $20,320,000 for
the CFD. Proceeds from the bond issue will fund various public improvements for the project,
including roadway, water, and safety improvements. The CFD encompasses approximately 902
gross acres within the master-planned community of Kukui`ula, a residential project in Koloa-Po’ipu
area of Kauai’s south shore. Kukui`ula includes a number of amenities for residents, including an
18-hole golf course, golf clubhouse, community farm, 17-acre lake for fishing, and more.
In our role as the Special Tax Consultant, DTA prepared overlapping debt tables, value-to-lien
analyses, and debt service coverage tables. We also assisted the financing team with the review of
bond documents, including the Official Statement.
DTA is currently under contract with the County to provide ongoing annual CFD administration
consulting services. Each year, DTA researches and monitors all parcel change and lot sale activity.
We also enroll the special taxes, report delinquencies, and answer all property owner inquiries.
B County O’ahu
Table 3: Reference Information
Location County of O’ahu, HI
Client Name Ruby Edwards
Title State of Hawaii, Office of Planning and Sustainable Development
Address 235 South Beretania Street, 6th Floor, Honolulu, HI 96813
Phone Number (808) 587-2817
E-mail Address Ruby.M.Edwards@Hawaii.gov
Project Dates 2018-2020
The State TOD Planning and Implementation project for O‘ahu, commissioned by the State of
Hawai‘i Department of Business, Economic Development, and Tourism (“DBEDT”), State Office of
Planning, supplements and expands on the 2018 State TOD Strategic Plan to provide more detailed
design, analysis, infrastructure planning, and implementation strategies for three priority areas: East
Kapolei, Hālawa-Stadium, and Iwilei-Kapālama. The study includes an assessment of potential
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SECTION V
REFERENCES
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
development around the three priority areas, an evaluation of infrastructure capacity and
requirements to accommodate the future growth potential, the determination of proposed
infrastructure improvements to support such growth, and the identification of possible financing
opportunities to facilitate the development of the three priority areas. For the study, the project
team developed a land use development model to project future infrastructure demand
requirements. The model was based on anticipated land uses and densities identified in the
County’s Neighborhood TOD Plans and took into consideration development potential of various
properties based on landowner/developer input and market projections. DTA is proud to note that,
in collaboration with PBR HAWAII, R.M. Towill Corporation, Ronald N.S. Ho and Associates, Inc.,
CallisonRTKL, Fehr & Peers, and Arup, our State Transit-Oriented Development (“TOD”) Planning and
Implementation Project was selected as the recipient of the 2021 American Planning Association
Hawaii Annual Chapter Award in the Economic Development Planning category.
C City of Anaheim
Table 4: Reference Information
Location City of Anaheim, CA
Client Name Debbie Moreno D’Anne Lee
Title Finance Director Budget Supervisor
Address 200 South Anaheim Blvd., Suite 276, Anaheim, CA 92805
Phone Number (714) 765-5195 (714) 765-4574
E-mail Address DMoreno@Anaheim.net DKLee@Anaheim.net
Project Dates 1989-Present
DTA is the Assessment Engineer/Special Tax Consultant for an existing Maintenance Assessment
District (“MAD”) for the City of Anaheim’s Disneyland resort area and two existing CFDs.
As requested by the City, DTA analyzed the feasibility of implementing a land-secured financing
program to fund the proposed public infrastructure and maintenance within the area known as
the Platinum Triangle. Our recommended structure included both CFDs and ADs and is
intended to provide a high likelihood that the program can be successfully implemented, while
at the same time providing flexibility, equity, and an ability to accommodate the needs resulting
from the relatively extended anticipated build-out period. In addition, DTA analyzed various
funding mechanisms for the City related to the proposed 3.5-mile monorail system, or fixed
guideway, that would run from the new transportation hub, known as ARTIC, to Disneyland.
The City plans to issue approximately $388 million in multiple bond issues to pay for the
Platinum Triangle improvements and levy an assessment for annual maintenance. As the
Special Tax Consultant, DTA has prepared the RMAs, Public Reports, and boundary maps. As the
Assessment Engineer, DTA will formulate the benefit apportionment methodology for the AD in
strict accordance with Prop 218 and prepare the required Engineer’s Report and assessment
diagram.
In addition, DTA is currently assisting the City with the annexation of property known as ocV!BE
to the Platinum Triangle CFD along with a new overlay CFD. The ocV!BE development is
expected to include 1,500 residential units and over 1.3 million building square feet of
non-residential space subject to a CFD special tax.
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SECTION V
REFERENCES
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
DTA currently provides annual administration services related to the City’s CFDs and Resort
MAD. For fiscal year 2023-24, DTA enrolled over $10.1 million in taxes for the City’s CFDs
and AD.
D County of Orange
Table 5: Reference Information
Location County of Orange, CA
Client Name Louis McClure
Title Administrative Manager County Executive Office
Address 10 Civic Center Plaza, 3rd Floor, Santa Ana, CA 92701
Phone Number (714) 834-5999
E-mail Address Louis.McClure@OCGov.com
Project Dates 1986-Present
DTA has assisted the County of Orange with the formation of all the County’s special districts
since 1994. DTA is currently the Administrator for nine of the County’s CFDs, one AD
(AD No. 01-1), and one Reassessment District (“RAD” No. 17-1R). There were 15 CFDs for which
there was no levy beginning in fiscal year 2021-22 and each year thereafter since bonds matured
for such CFDs.
The AD and RAD encompass approximately 907 acres of land located in the central coastal
portion of the County in an area that was annexed to the City of Newport Beach. The RAD is
further broken into four zones. Multiple bond issues have been sold for the ADs, including AD
No. 88-1 and AD No. 92-1, since 2003. In addition, fiscal year 2017-18 was the last year of the
levy for AD No. 88-1 and AD No. 92-1 since those bonds matured.
DTA prepares and disseminates Annual Disclosure Reports for the County’s CFDs and ADs. In
addition, DTA was the Special Tax Consultant to the County in 2014 for the refunding of special
tax bonds for three County CFDs in the Ladera Ranch area, totaling $172,465,000 in special tax
refunding bonds. DTA also assisted the County with the sale of refunding bonds for three CFDs
in Ladera Ranch, which was completed in January 2018. In addition, DTA worked with the
County on the formation and sale of bonds for three CFDs in the Village of Esencia, including
$90,845,000 for CFD No. 2015-1 in 2015, $93,110,000 for CFD No. 2016-1 in 2016, $76,950,000
for CFD No. 2017-1 Improvement Area No. 1 in February 2018, and $21,565,000 for CFD
No. 2017-1 Improvement Area No. 2 in August 2020. In addition, DTA also assisted the County
with the formation of CFD No. 2021-1 (Rienda) in 2021, which is expected to include
approximately 950 taxable residential units at build-out. The first series of bonds for CFD
No. 2021-1 was issued in the amount of $118,720,000 in the fall of 2022. More recently, DTA
assisted with the formation of CFD No. 2023-1 in early 2023, which is the next phase of the
Rienda development.
DTA has been involved in all CFD bond issues sold by the County since 1986 and retained
continuously through a series of extensive RFPs for the past 30 years. For fiscal year 2023-24,
DTA enrolled over $42.1 million in taxes on over 10,337 parcels for the County’s CFDs and
ADs.
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SECTION V
REFERENCES
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
E City of Los Angeles
Table 6: Reference Information
Location City of Los Angeles, CA
Client Name Ha To
Title Finance Specialist
Address 200 North Main Street, Room 1500, Los Angeles, CA 90012
Phone Number (213) 473-7500
E-mail Address Ha.To@LACity.org
Project Dates June 2004-Present
DTA is the Special Tax Consultant for three active CFDs in the City of Los Angeles. The City’s
CFDs encompass both residential and non-residential projects, including the master-planned
community known as Playa Vista. CFD No. 4 (Playa Vista – Phase 1), which was formed in 1999,
issued $135 million in bonds in April 2003. In 2014, DTA assisted the City with the sale of
$81.2 million in refunding bonds for the CFD. In 2010, DTA also assisted the City with the sale
of $6 million in bonds for CFD No. 8, which was formed in 2006.
In 2020, DTA assisted with an amendment to CFD No. 10, which was restructured as CFD No. 11
in 2021. Certain property was removed from the CFD boundary as part of the amendment. As
part of the restructuring, DTA prepared an updated RMA and boundary map. In October 2021,
DTA assisted the City with the sale of $22.4 million in bonds for the CFD.
In addition, in 1999, DTA assisted with an amendment to CFD No. 4 to primarily account for
changes in the way undeveloped property and property within a final map are taxed under the
CFD. As part of the amendment, DTA prepared an Amended and Restated RMA for the CFD. DTA
also prepared the Annual Continuing Disclosure Report from 2001-2008 for the 1911 Act
Assessment Bonds issued for the Westwood Village Streetscape AD.
In 2012, DTA assisted the City with the successful formation of CFD No. 9, which will fund
improvements for the new downtown streetcar line. DTA also assisted the City in their public
outreach efforts to address the concerns of all stakeholders. As part of this effort, DTA prepared
numerous funding scenarios based on input from the City’s financing team. In addition, DTA
assisted the City with research related to voters (i.e., number of voters within the CFD, location
of voters, etc.).
On December 4, 2012, registered voters residing within the downtown streetcar CFD boundary
approved the levy of a special tax to finance the new streetcar system. With 73% of the votes
cast in favor of the project, the voters approved up to $85 million in local funding that will cover
approximately one-half of the cost of the fixed-rail transit service, with the remainder of the
funds to be sought from the Federal government. The CFD encompasses properties extending
approximately three blocks around the proposed streetcar route. Properties closest to the route
will have a higher tax rate than those farther away from the route.
For fiscal year 2023-24, DTA enrolled over $8.9 million in taxes for the City’s CFDs.
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SECTION V
REFERENCES
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
F Capistrano Unified School District
Table 7: Reference Information
Location City of San Juan Capistrano, CA
Client Name Clark Hampton
Title Deputy Superintendent
Address 33122 Valle Road, San Juan Capistrano, CA 92675
Phone Number (949) 234-9200
E-mail Address CDHampton@CapoUSD.org
Project Dates 1988-Present
DTA has served as the Special Tax Consultant for the formation of all of the Capistrano Unified
School District’s (“CUSD’s”) CFDs and been involved in the annual administration of these CFDs
on behalf of CUSD since 1988. Andrea Roess, our Project Manager, has been responsible for the
formation and administration of CUSD’s CFDs since 1993. Over the years, DTA’s analyses and
reports have been used by CUSD staff and Board of Trustee members in determining appropriate
courses of action with respect to the CFD program.
Our annual administration services include researching all subdivisions, parcel changes, and
building permit activity, calculating and enrolling the special taxes, reporting delinquencies, and
responding to property owner inquiries. For fiscal year 2023-24, DTA enrolled over $16.8
million in CFD special taxes on 12,835 parcels within CUSD’s CFDs.
In addition, in terms of CUSD’s most recent bond sales, DTA assisted CUSD with the sale of
$60.1 million in refunding bonds issued in August 2019 for CFD No. 98-2 (Ladera), $2.79 million
in new money bonds in December 2020 for CFD No. 98-1A (Pacifica San Juan), and $5,780,000
in December 2020 for CFD No. 98-1B (Pacifica San Juan).
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SECTION VI
DESCRIPTIVE LITERATURE
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
VI DESCRIPTIVE LITERATURE
DTA’s special assessment and special tax formulas, some of which have been in use since 1985,
are based on a variety of methodologies that have withstood the test of time. Our firm’s
objective has been to take a balanced approach and utilize innovative and state-of-the-art
techniques that enable all parties to receive the maximum benefit from public financing. DTA
is aware of and has contributed to the most innovative and creative concepts in special district
financing. Our knowledge and experience have allowed us to maximize the capacity of
land-secured financing programs while minimizing burdens on homebuyers and other property
owners. Today, DTA continues to seek innovative solutions and refine our work product to
better serve and protect our clients.
DTA utilizes MuniAnalytics, a proprietary software developed in-house as the most advanced
cloud-based software available, for its special tax/assessment administration. This software allows
DTA to easily automate the management of district data, including parcels and property ownership,
and calculation of special tax/assessment rates. MuniAnalytics is capable of managing large,
complex districts, year after year, while maintaining historical data for audit and compliance
purposes. MuniAnalytics leverages a rule-based approach, allowing DTA to model each district's
special tax/assessment formula in order to consistently automate the assignment of property
classifications and calculation of special tax/assessment rates for individual parcels. In addition to
system validations, DTA can visually verify the results using detailed summarization screens to show
the allocation of tax classifications and combined totals for each class. Extensive reporting and
dashboards provide even further visualization of the resulting data that can be easily shared among
the team.
With MuniAnalytics, DTA can enforce governance over each phase of a district's administration life
cycle. This allows DTA staff to focus on quality and consistency while leveraging technology to
ensure process and data compliance. These and other advantages are discussed below.
Web-Based: MuniAnalytics is web-based and accessible using a browser anytime and
anywhere. Data is encrypted using 128-bit encryption and only available to users with
authorization. Authorized users have access to district data and can view district
information at any point in a district's administration life cycle.
Data Governance: MuniAnalytics performs data consistency and validation checks for data
entered into the system. This ensures the integrity and completeness of all district data.
Once a district is established in MuniAnalytics, the data is automatically versioned each fiscal
year. This maintains a snapshot in time for past work completed and ensures the current
fiscal year is always working with the latest version of the data. Versioning the data also
eliminates the need for manual data processing, which is subject to human error and
transposition.
Process Governance: MuniAnalytics enforces a consistent process for administering
districts. This allows DTA staff to focus on quality and customer service. The system guides
administrators through a process of calculations and validation steps while providing tools
to inspect and verify the quality and consistency of the resulting calculations.
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DESCRIPTIVE LITERATURE
County of Hawai‘i June 27, 2024
Proposal for On-Call Professional Services
www.FinanceDTA.com
Partitioning, Data Isolation, and Integrity: MuniAnalytics is based on a cloud computing
paradigm. Data are stored on highly redundant and encrypted disk arrays. The data for each
district is partitioned and versioned. This allows MuniAnalytics to store historical data going
back decades that can be searched and recalled instantly using a simple web browser. This
data is also available for reporting and trend analyses.
Security, Authorization, and Auditing: The district administration functions of
MuniAnalytics are only accessible to authorized users. Every access attempt, whether
successful or not, is audited. Once authorized, any changes to district data are also audited.
In addition to the versioning capabilities of the system, it is possible to determine who
changed what and when.
18201 VON KARMAN AVENUE, SUITE 220
IRVINE, CA 92612
PHONE: (800) 969-4DTA
www.FinanceDTA.com
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