HomeMy WebLinkAboutAD No. 07-2 Disclosure Report 2015-16
CITY OF BAKERSFIELD
LIMITED OBLIGATION IMPROVEMENT BONDS
ASSESSMENT DISTRICT NO. 07-2
(SYDNEY HARBOUR)
$4,825,000
ANNUAL CONTINUING DISCLOSURE REPORT
FISCAL YEAR ENDED JUNE 30, 2016
MARCH 24, 2017
LIMITED OBLIGATION IMPROVEMENT BONDS
MATURITY DATE CUSIP1
9/2/2028 057510K99
1 CUSIP® is a registered trademark of the American Bankers Association. CUSIP Service Bureau is managed by Standard & Poor’s, a
division of the McGraw-Hill Companies, Inc. This data is not intended to create a database and does not serve in any way as a substitute for
the CUSIP services. The issuer takes on responsibility for the accuracy of such numbers.
City Staff
Alan Tandy, City Manager
Nelson K. Smith, Finance Director
Robert Zajack, Accountant
1600 Truxtun Avenue
Bakersfield, CA 93301
T. 661.326.3740
Disclosure Consultant & Dissemination Agent
Koppel & Gruber Public Finance
Scott Koppel/Lyn Gruber
334 Via Vera Cruz, Suite 256
San Marcos, CA 92078
T. 760.510.0290
F. 760.510.0288
Bond Counsel
Orrick, Herrington & Sutcliffe, LLP
405 Howard Street
San Francisco, CA 94105
T. 415.773.5626
Disclosure Counsel
Nixon Peabody LLP
300 South Grand Ave, Suite 4100
Los Angeles, CA 90071
T. 213.629.6000
Fiscal Agent
U.S. Bank National Association
Corporate Trust Services
633 W. Fifth Street, 24th Floor
Los Angeles, CA 90071
T. 213.615.6005
TABLE OF CONTENTS
I. INTRODUCTION .................................................................................................... 1
II. ANNUAL REPORT REQUIREMENTS ......................................................................... 2
A. Audited Financial Statements: .................................................................. 2
B. Principal Outstanding: .............................................................................. 2
C. Fund Balances: ......................................................................................... 2
D. Reserve Fund Requirement:. .................................................................... 3
E. Delinquency History and Foreclosure Status: ........................................... 3
F. Status of Completion of Public Improvements: ......................................... 3
G. Bonds Priority of Liens: ............................................................................ 3
H. Reporting of Significant Events: ................................................................ 3
I. Value-to-Lien by Parcel: ............................................................................ 3
J. Debt Service Schedule: .............................................................................. 3
III. SIGNATURE ...................................................................................................... 4
APPENDIX A DELINQUENCY HISTORY AND FORECLOSURE STATUS .................................. 5
APPENDIX B VALUE-TO-LIEN BY PARCEL ................................................................... 6
APPENDIX C DEBT SERVICE SCHEDULE ........................................................................ 7
Annual Disclosure Report, FY Ended June 30, 2016
City of Bakersfield AD No. 07-2
Limited Obligation Improvement Bonds
1
I. INTRODUCTION
This Annual Continuing Disclosure Report (“Annual Report”) is being prepared and filed pursuant to the
Continuing Disclosure Certificate (“Disclosure Certificate”) executed and delivered by the City of
Bakersfield (the “City”) in connection with the issuance and delivery of the City Assessment District No. 07-
2 (Sydney Harbour) (the “District”) Limited Obligation Improvement Bonds (the “Bonds”).
Bond were issued pursuant to a resolution adopted by City Council on March 12, 2008, authorizing the
issuance of the Bonds, Resolution No. 042-08. The Bonds were issued on April 23, 2008 in the aggregate
principal amount of $4,825,000, the proceeds of which were used to finance (i) the acquisition of certain
public infrastructure improvements located within the boundaries of the Assessment District, which
improvements will be owned, operated, and maintained by the City (collectively, the “Improvements”), (ii)
the payment of certain incidental costs and expenses related to the acquisition of the Improvements, the
Assessment District proceedings, and the issuance of the Bonds, including the establishment of a Special
Reserve Fund for the Bonds and the funding of capitalized interest on the Bonds through September 2, 2008.
Annual Disclosure Report, FY Ended June 30, 2016
City of Bakersfield AD No. 07-2
Limited Obligation Improvement Bonds
2
II. ANNUAL REPORT REQUIREMENTS
The following information is provided pursuant to Sections 4 and 5 of the Disclosure Certificate.
A. Audited Financial Statements: A copy of the City’s Comprehensive Annual Financial
Report (“CAFR”) for the fiscal year ending June 30, 2016 has been filed separately with the
Electronic Municipal Market Access (“EMMA”).
THE CITY OF BAKERSFIELD’S ANNUAL FINANCIAL STATEMENT ARE PROVIDED
SOLELY TO COMPLY WITH THE SECURITIES EXCHANGE COMMISSION STAFF’S
INTERPRETATION OF RULE 15c2-12. NO FUNDS OR ASSETS OF THE CITY OF
BAKERSFIELD (OTHER THAN THE ASSESSMENTS LEVIED IN THE ASSESSMENT
DISTRICT) ARE REQUIRED TO BE USED TO PAY DEBT SERVICE ON THE BONDS,
AND THE CITY IS NOT OBLIGATED TO ADVANCE AVAILABLE FUNDS FROM THE
CITY TREASURY TO COVER ANY DELINQUENCIES. INVESTORS SHOULD NOT
RELY ON THE FINANCIAL CONDITION OF THE CITY IN EVALUATING WHETHER
TO BUY, HOLD, OR SELL THE BONDS.
B. Principal Outstanding: The Bonds were issued on April 23, 2008. The principal outstanding
on the Bonds as of September 3, 2016 are described as follows:
Table 1
PRINCIPAL OUTSTANDING
AS OF SEPTEMBER 3, 2016
ISSUE PRINCIPAL OUTSTANDING
Bonds $1,430,000
During Fiscal Year 2015/16 no bonds were called for redemption in advance of maturity.
However there were bond calls that occurred in prior years as shown on the Debt Service
Schedule Net of Bond Calls located in Appendix C of the report.
C. Fund Balances: The balances as of December 31, 2016 of the funds established when the
Bonds were issued are shown in the table below. The funds are currently being held by U.S. Bank
National Association, acting as fiscal agent (“Fiscal Agent”).
Table 2
FUND BALANCES
AS OF DECEMBER 31, 2016
DESCRIPTION
FUND ACCOUNT
BALANCE
Improvement Fund $0.00
Redemption Fund $185,148.16
Annual Disclosure Report, FY Ended June 30, 2016
City of Bakersfield AD No. 07-2
Limited Obligation Improvement Bonds
3
D. Reserve Fund Requirement: The official statement for the bond issue defines the “Special
Reserve Requirement,” as the least of (a) ten per cent (10%) of the proceeds of the Bonds, or (b)
the maximum debt service on the Bonds, or (c) one hundred twenty-five per cent (125%) of the
average annual debt service on the Bonds, less any amounts transferred to the Redemption Fund
when assessments are paid following the issuance of the Bonds. Under this definition, the Reserve
Requirement will be reduced as a result of prepayments of Reassessments or bond calls.
Table 3
SPECIAL RESERVE REQUIREMENT/BALANCE
AS OF DECEMBER 31, 2016
DESCRIPTION AMOUNT
Special Reserve Fund Balance $188,293.76
Special Reserve Fund Requirement $188,293.76
Special Reserve Fund Surplus/(Shortfall) $0.00
E. Delinquency History and Foreclosure Status: See Appendix A to this Report for a
detailed listing of each parcel that is delinquent, the total delinquent amount, the date of the first
delinquency and any foreclosure actions that have taken place.
F. Status of Completion of Public Improvements: The Disclosure Certificate requires a
statement of the status of completion or progress toward completion of the public improvements
described in the Official Statement under the subheading “THE ASSESSMENT DISTRICT AND
THE IMPROVEMENTS – Description of the Assessment District and the Improvements”.
The City has reported that as of the date of this Annual Continuing Disclosure Report, All
improvements authorized for the AD 07-2 financing, including all approved changes in work and
proceedings for AD 07-2, have been completed and all eligible payment claims for those
authorized and completed improvements have been paid by the City.
G. Bonds Priority of Liens: The City has reported that as of the date of this Annual Continuing
Disclosure Report, no other special tax or assessment liens have been issued against the parcels
located within the boundaries of AD 07-2. Therefore, the assessment lien for AD 07-2 continues
to have priority over all private liens and is co-equal to and independent of the lien for general
property taxes as summarized in the Bonds Official Statement under the subheading “THE
BONDS – Priority of Lien.”.
H. Reporting of Significant Events: There are no significant events to report for fiscal year
ended June 30, 2016.
I. Value-to-Lien by Parcel: See Appendix B to this Report for a detailed listing of each parcels
value-to-lien.
J. Debt Service Schedule: See Appendix C to this Report for an updated bond service debt
schedule updated for prior fiscal year bond calls.
Annual Disclosure Report, FY Ended June 30, 2016
City of Bakersfield AD No. 07-2
Limited Obligation Improvement Bonds
5
APPENDIX A: DELINQUENCY HISTORY AND FORECLOSURE STATUS
ATN
Delinquent
Amount(1)
Date First
Delinquent
Date Issuer's Council
Authorized Foreclosure
Action(2)
Date of Foreclosure
Complaint, If Any(2)
Date Foreclosure Sale
Attempted, If Any(2)
518‐191‐31‐00‐7 $564.37 4/10/2016 N/A N/A N/A
Source: City of Bakersfield as compiled by Koppel & Gruber Public Finance
1. Delinquent Amount includes assessment principal and interest delinquent as of December 31, 2016,
exclusive of any late charges, penalties for reinstatement, attorney and court fees, and do not
constitute amounts required to cure the delinquencies as of December 31, 2016 (or any delinquencies
after December 31, 2016), or to stop the foreclosure.
2. No foreclosure action has occurred since the prior year delinquencies have not exceeded 5%
and the Special Reserve Balance is fully funded as described more full in the Bond Official
Statement.
APPENDIX A
City of Bakersfield
Assessment District No. 07‐2
List of Parcels with Delinquent Assessment Installments and Foreclosure Actions Undertaken
Annual Disclosure Report, FY Ended June 30, 2016 A ‐ 1
Annual Disclosure Report, FY Ended June 30, 2016
City of Bakersfield AD No. 07-2
Limited Obligation Improvement Bonds
6
APPENDIX B: VALUE-TO-LIEN BY PARCEL
ATN Owner's Name(1)
Assessed
Land Value(1)
Assessed
Structure
Value(1)
Total
Assessed
Value(1)
Remaining
Assessment
Amount(2)
Value‐to‐
Lien
518‐040‐28‐00‐8 Berkshire Bak LLC $165,617 $0 $165,617 $31,493.72 5.26:1
518‐040‐30‐00‐3 Berkshire Bak LLC 213,687 0 213,687 41,048.20 5.21:1
518‐171‐01‐00‐4 Rosales Nicholas 40,610 197,973 238,583 474.40 502.92:1
518‐171‐02‐00‐7 Mercado Filiberto L & Lopez Aida S De 40,610 176,653 217,263 474.40 457.97:1
518‐171‐03‐00‐0 Trejo Carlos S 40,610 170,562 211,172 474.40 445.13:1
518‐171‐04‐00‐3 Fuentes Jairo B A 40,610 180,714 221,324 474.40 466.53:1
518‐171‐05‐00‐6 Heraldez Monica 40,610 198,989 239,599 474.40 505.06:1
518‐171‐06‐00‐9 Escobedo Ivan & Jacqueline 45,686 179,699 225,385 474.40 475.09:1
518‐171‐07‐00‐2 Zuniga Manuel Antonio 40,610 185,790 226,400 474.40 477.23:1
518‐171‐08‐00‐5 Ramirez Peter Anthony 40,610 177,161 217,771 474.40 459.05:1
518‐171‐09‐00‐8 Sarmiento Jose A & Juana S 40,610 180,714 221,324 474.40 466.53:1
518‐171‐10‐00‐0 Elias Jose M 40,610 172,592 213,202 474.40 449.41:1
518‐171‐11‐00‐3 Chavez Benino 40,610 187,821 228,431 474.40 481.52:1
518‐172‐01‐00‐1 Alfaro Elias N 40,000 190,000 230,000 474.40 484.82:1
518‐172‐02‐00‐4 Medina Eusebio Medina & Reyna Garcia 23,816 183,289 207,105 474.40 436.56:1
518‐172‐03‐00‐7 Corona Jose R 40,610 168,531 209,141 474.40 440.85:1
518‐172‐04‐00‐0 Parra Juan Carlos 41,421 176,040 217,461 474.40 458.39:1
518‐172‐05‐00‐3 Imbelloni John M & Leist Jessica R 41,421 195,715 237,136 474.40 499.87:1
518‐172‐06‐00‐6 Perez Leticia G & Vargas Juan A 40,000 200,000 240,000 474.40 505.90:1
518‐172‐07‐00‐9 Trevino Manuel J & Barajas Ofelia 40,610 217,263 257,873 474.40 543.58:1
518‐172‐08‐00‐2 Moreno Mercedes 40,000 198,000 238,000 474.40 501.69:1
518‐172‐09‐00‐5 Canuto Anthony Ruben 40,610 181,729 222,339 474.40 468.67:1
518‐172‐10‐00‐7 Ocegueda Adan & Maria 40,610 217,263 257,873 474.40 543.58:1
518‐172‐11‐00‐0 Gonzales David 40,610 197,973 238,583 474.40 502.92:1
518‐172‐12‐00‐3 Ramirez Ramon V & Frausto Maria G Ramirez 40,610 199,496 240,106 474.40 506.13:1
518‐172‐13‐00‐6 Castaneda Jose A 40,610 191,374 231,984 474.40 489.01:1
518‐172‐14‐00‐9 Guandique Dolores S V & Sonia Maritza 50,762 185,790 236,552 474.40 498.63:1
518‐172‐15‐00‐2 Jackson Joseph Marvin 50,762 172,592 223,354 474.40 470.81:1
518‐172‐16‐00‐5 Gutierrez Daniel Jr 40,000 169,000 209,000 474.40 440.56:1
518‐172‐17‐00‐8 Napier Terry W & Teresa A 50,762 181,729 232,491 474.40 490.07:1
518‐175‐40‐00‐5 Cres Bakersfield 2 LLC 734,900 0 734,900 20,874.38 35.21:1
518‐176‐17‐00‐6 Perez Raul S Hernandez Jr 40,610 184,775 225,385 474.40 475.09:1
518‐176‐18‐00‐9 Bulat Marcus & Nancy Rubi 41,421 176,040 217,461 474.40 458.39:1
518‐176‐19‐00‐2 Rivas Ricardo & Maria Elizabeth 41,421 170,862 212,283 474.40 447.48:1
518‐176‐20‐00‐4 Ultreras Mario 40,610 189,851 230,461 474.40 485.79:1
518‐176‐21‐00‐7 Lynch Dewayne & Tracy 40,610 175,638 216,248 474.40 455.83:1
518‐176‐22‐00‐0 Villalobos Javier Jr 40,610 172,084 212,694 474.40 448.34:1
518‐176‐23‐00‐3 Calderon Eustolio 40,610 176,145 216,755 474.40 456.90:1
518‐176‐24‐00‐6 Hernandez Jose De Jesus Ruiz 41,421 180,182 221,603 474.40 467.12:1
518‐176‐25‐00‐9 Lopez Isaiah 40,610 166,501 207,111 474.40 436.57:1
518‐176‐26‐00‐2 Tena Hoover M 41,421 178,111 219,532 474.40 462.76:1
518‐176‐27‐00‐5 Carrillo Candelaria B & Banuelos Erika A O 40,610 170,562 211,172 474.40 445.13:1
518‐176‐28‐00‐8 Valencia Jorge Mendez 23,816 176,000 199,816 474.40 421.20:1
518‐176‐29‐00‐1 Barajas Jesus E 40,610 184,775 225,385 474.40 475.09:1
518‐176‐30‐00‐3 Gonzales Francisco J & Arteaga Lorena 40,610 176,653 217,263 474.40 457.97:1
518‐176‐31‐00‐6 Jimenez Erik & Maria Del R Q 50,762 164,470 215,232 474.40 453.69:1
518‐176‐32‐00‐9 Gonzalez Jorge L 40,610 200,004 240,614 474.01 507.61:1
518‐191‐01‐00‐0 Maring Darryl Robert & Jessica 31,206 159,154 190,360 8,353.77 22.79:1
518‐191‐02‐00‐3 De Lopez Franciso X & Veronica C 31,065 130,994 162,059 8,353.77 19.40:1
518‐191‐03‐00‐6 Perez David Chavez & Martinez Esmeralda Mora 41,421 133,583 175,004 8,353.77 20.95:1
518‐191‐04‐00‐9 Cardona Ernesto 36,243 130,476 166,719 8,353.77 19.96:1
518‐191‐05‐00‐2 Menchaca Brian C & Ramirez Rosemary 36,243 140,832 177,075 8,353.77 21.20:1
518‐191‐06‐00‐5 Campos Jonathan Hernandez 31,065 169,309 200,374 8,353.77 23.99:1
APPENDIX B
City of Bakersfield
Assessment District No. 07‐2
Value‐to‐Lien By Parcel
Annual Disclosure Report FY Ended June 30, 2016 B‐1
ATN Owner's Name(1)
Assessed
Land Value(1)
Assessed
Structure
Value(1)
Total
Assessed
Value(1)
Remaining
Assessment
Amount(2)
Value‐to‐
Lien
APPENDIX B
City of Bakersfield
Assessment District No. 07‐2
Value‐to‐Lien By Parcel
518‐191‐07‐00‐8 Welch Justin Eugene 41,421 151,705 193,126 8,353.77 23.12:1
518‐191‐08‐00‐1 Guitron David & Laura 31,206 129,508 160,714 8,353.77 19.24:1
518‐191‐09‐00‐4 Cortez Luis H & Yvonne Y 31,206 139,390 170,596 8,353.77 20.42:1
518‐191‐10‐00‐6 Ayala Anna 31,206 128,987 160,193 8,353.77 19.18:1
518‐191‐11‐00‐9 Rodriguez Duane A Flores 31,206 136,269 167,475 8,353.77 20.05:1
518‐191‐12‐00‐2 Meza Adam & Elizabeth 37,877 124,459 162,336 8,353.77 19.43:1
518‐191‐13‐00‐5 Thomas Elena A 36,243 126,852 163,095 8,353.77 19.52:1
518‐191‐14‐00‐8 Guzman Laura M 32,466 129,869 162,335 8,353.77 19.43:1
518‐191‐15‐00‐1 Fernandez Isidoro Ortiz 32,466 129,869 162,335 8,353.77 19.43:1
518‐191‐16‐00‐4 Flores Guillermo De Jesus 47,000 142,000 189,000 8,353.77 22.62:1
518‐191‐17‐00‐7 Hernandez Ramon 43,615 128,665 172,280 8,353.77 20.62:1
518‐191‐18‐00‐0 Perez Yezenia 31,206 88,418 119,624 8,353.77 14.32:1
518‐191‐19‐00‐3 Barrera Francisco 40,610 159,394 200,004 8,353.77 23.94:1
518‐191‐20‐00‐5 Diaz Luis J & Rocio 31,830 115,652 147,482 8,353.77 17.65:1
518‐191‐21‐00‐8 Olvera Dionicio Romero 36,243 147,563 183,806 8,353.77 22.00:1
518‐191‐22‐00‐1 Hall Robert Kevin 32,466 131,493 163,959 8,353.77 19.63:1
518‐191‐23‐00‐4 Celis Jose A & Rosalva 41,607 112,863 154,470 8,353.77 18.49:1
518‐191‐24‐00‐7 Clark Delmar J 49,065 147,203 196,268 8,353.77 23.49:1
518‐191‐25‐00‐0 Gonzalez Ignacio Calderon 31,830 79,577 111,407 8,353.77 13.34:1
518‐191‐26‐00‐3 Bella Vista Real Est Holdings 27,056 151,515 178,571 8,353.77 21.38:1
518‐191‐27‐00‐6 Perez Diego & Marylou 31,830 79,242 111,072 8,353.77 13.30:1
518‐191‐28‐00‐9 Ceja Miguel Angel 57,000 171,000 228,000 8,353.77 27.29:1
518‐191‐29‐00‐2 Chicca Kristen 50,000 150,000 200,000 8,353.77 23.94:1
518‐191‐30‐00‐4 Akitaya Jovan 49,000 148,000 197,000 8,353.77 23.58:1
518‐191‐31‐00‐7 Ruelas Erasmo Robles 40,000 82,000 122,000 8,353.77 14.60:1
518‐191‐32‐00‐0 Brookline Woods LLC 31,830 87,003 118,833 8,353.77 14.23:1
518‐191‐33‐00‐3 De Luna Ricardo & Lopez Mercedes D 48,000 144,000 192,000 8,353.77 22.98:1
518‐191‐34‐00‐6 Perez Israel Montes & Montes Luz Aurora 40,610 142,135 182,745 8,353.77 21.88:1
518‐191‐35‐00‐9 Rubalcado Henry T & Annabelle 54,000 160,000 214,000 8,353.77 25.62:1
518‐191‐36‐00‐2 Rivera Joe & Kade 32,466 119,047 151,513 8,353.77 18.14:1
518‐191‐37‐00‐5 Santos Yony 36,243 147,045 183,288 8,353.77 21.94:1
518‐191‐38‐00‐8 Gutierrez Marco A 53,000 159,000 212,000 8,353.77 25.38:1
518‐191‐39‐00‐1 French Jason D 40,610 139,089 179,699 8,353.77 21.51:1
518‐191‐40‐00‐3 Amer Homes 4 Rent Prop Five LLC 36,243 160,506 196,749 8,353.77 23.55:1
518‐191‐41‐00‐6 Figueroa Humberto & Eva 43,615 173,373 216,988 8,353.77 25.97:1
518‐191‐42‐00‐9 Ornelas Martin & Angelica 50,000 148,500 198,500 8,353.77 23.76:1
518‐191‐43‐00‐2 Saldivar Jesus & Cecilia 51,000 151,000 202,000 8,353.77 24.18:1
518‐191‐44‐00‐5 Orozco Leopoldo 44,000 130,000 174,000 8,353.77 20.83:1
518‐191‐45‐00‐8 Trujillo Leopoldo Cazares 31,206 86,337 117,543 8,353.77 14.07:1
518‐191‐46‐00‐1 Yanez Martha I Canul 38,162 135,207 173,369 8,353.77 20.75:1
518‐191‐47‐00‐4 Zamudio Humberto Ramos 32,466 130,952 163,418 8,353.77 19.56:1
518‐191‐48‐00‐7 Livingstone Donna L 54,000 160,000 214,000 8,353.77 25.62:1
518‐191‐49‐00‐0 Becerra Sergio 31,830 84,882 116,712 8,353.77 13.97:1
518‐191‐50‐00‐2 Hernandez Antonio S & De Hernandez Rosa M R 41,421 144,974 186,395 8,353.77 22.31:1
518‐191‐51‐00‐5 Morales Alexander 36,243 152,741 188,984 8,353.77 22.62:1
518‐191‐52‐00‐8 Guzman Aurelio 31,206 106,103 137,309 8,353.77 16.44:1
518‐191‐53‐00‐1 Ayala Rafael & Contreras Ofelia 43,000 127,000 170,000 8,353.77 20.35:1
518‐191‐54‐00‐4 Barajas Edgar 37,877 126,081 163,958 8,353.77 19.63:1
518‐191‐55‐00‐7 Sencio Reynaldo & Eleanor 36,243 156,882 193,125 8,353.77 23.12:1
518‐192‐01‐00‐7 Rodriguez Jose L 31,830 148,545 180,375 8,353.77 21.59:1
518‐192‐02‐00‐0 Gonzalez Alejandro 31,206 150,833 182,039 8,353.77 21.79:1
518‐192‐03‐00‐3 Thomas James 31,206 138,350 169,556 8,353.77 20.30:1
518‐192‐04‐00‐6 Rodriguez Kevin Allen 31,206 154,994 186,200 8,353.77 22.29:1
Annual Disclosure Report FY Ended June 30, 2016 B‐2
ATN Owner's Name(1)
Assessed
Land Value(1)
Assessed
Structure
Value(1)
Total
Assessed
Value(1)
Remaining
Assessment
Amount(2)
Value‐to‐
Lien
APPENDIX B
City of Bakersfield
Assessment District No. 07‐2
Value‐to‐Lien By Parcel
518‐192‐05‐00‐9 Wright Darlene Dunham 36,243 147,045 183,288 8,353.77 21.94:1
518‐192‐06‐00‐2 Gonzalez Steven M 31,065 152,741 183,806 8,353.77 22.00:1
518‐192‐07‐00‐5 Perez Emmanuel 36,243 151,705 187,948 8,353.77 22.50:1
518‐192‐08‐00‐8 Jimenez Salvador M Sr & Maria G 65,266 165,081 230,347 8,353.77 27.57:1
518‐192‐09‐00‐1 Fernandez Fernando 40,610 126,906 167,516 8,353.77 20.05:1
518‐192‐10‐00‐3 Rodriguez Eulogio 41,421 140,832 182,253 8,353.77 21.82:1
518‐192‐11‐00‐6 Rivera Jose H & Maria R 32,466 99,025 131,491 8,353.77 15.74:1
518‐192‐12‐00‐9 Norman Teresa Claire Trust 50,000 151,000 201,000 8,353.77 24.06:1
518‐192‐13‐00‐2 Delahuerta Ryan Andre 31,206 141,471 172,677 8,353.77 20.67:1
518‐192‐14‐00‐5 Hartford Maribel Flores 36,243 156,882 193,125 8,353.77 23.12:1
518‐192‐15‐00‐8 Barrera Santos Felix Macedo 36,243 156,882 193,125 8,353.77 23.12:1
518‐192‐16‐00‐1 Valencia Jose Antonio Lopez 36,243 142,385 178,628 8,353.77 21.38:1
518‐192‐17‐00‐4 Leon Ignacio & Maria De La Luz 36,243 146,527 182,770 8,353.77 21.88:1
518‐192‐18‐00‐7 Higuera Adalberto Cervantes 31,065 157,400 188,465 8,353.77 22.56:1
518‐192‐19‐00‐0 Garay Jorge Jr 36,243 159,827 196,070 8,353.77 23.47:1
518‐192‐20‐00‐2 Cardenas Zenia 41,421 143,937 185,358 8,353.77 22.19:1
518‐192‐21‐00‐5 Castellano Matthew G 41,421 129,959 171,380 8,353.77 20.52:1
518‐192‐22‐00‐8 Cesenas Brandon Ray 36,243 210,212 246,455 8,353.77 29.50:1
518‐192‐23‐00‐1 Morales Jesse C Jr 36,243 156,882 193,125 8,353.77 23.12:1
518‐192‐24‐00‐4 Korin Yahya Mohamed 36,243 215,806 252,049 8,353.77 30.17:1
518‐192‐25‐00‐7 Tabelisma Erickson Diniega 41,421 147,563 188,984 8,353.77 22.62:1
518‐192‐27‐00‐3 Dominguez Alberto & Christina 36,243 209,694 245,937 8,353.77 29.44:1
518‐192‐28‐00‐6 Rodriguez Juan C & Marivel 40,000 156,000 196,000 8,353.77 23.46:1
518‐192‐29‐00‐9 Alcala Juan Ramon G 41,421 133,583 175,004 8,353.77 20.95:1
518‐192‐30‐00‐1 Villanueva Abel & Herminia 41,421 135,654 177,075 8,353.77 21.20:1
518‐192‐31‐00‐4 Caton Jamison Tyler 41,607 129,508 171,115 8,353.77 20.48:1
518‐192‐32‐00‐7 Ruvalcaba Efren Munoz 31,065 145,492 176,557 8,354.22 21.13:1
518‐201‐01‐00‐2 Mendoza Merced & Yolanda 36,243 142,385 178,628 8,353.77 21.38:1
518‐201‐02‐00‐5 Hansen Tyler Shaun 41,421 156,364 197,785 8,353.77 23.68:1
518‐201‐03‐00‐8 Roberson Erik Anthony 41,421 146,010 187,431 8,353.77 22.44:1
518‐201‐04‐00‐1 Hernandez Ruth Selene 41,421 139,796 181,217 8,353.77 21.69:1
518‐201‐05‐00‐4 Navarro Agustin & Juana Delgado 41,421 144,974 186,395 8,353.77 22.31:1
518‐201‐06‐00‐7 Bravo Marcelo 31,206 150,833 182,039 8,353.77 21.79:1
518‐201‐07‐00‐0 Rodriguez Ernesto A & Silvia F 41,421 146,010 187,431 8,353.77 22.44:1
518‐202‐03‐00‐5 Soto Cambryn 31,206 139,390 170,596 8,353.77 20.42:1
518‐202‐04‐00‐8 Perez Pedro Cuevas & Ochoa Maria A Garcia 31,206 114,424 145,630 8,353.77 17.43:1
518‐202‐05‐00‐1 Aguayo Ruben Ibarra 31,206 106,103 137,309 8,353.77 16.44:1
518‐202‐06‐00‐4 Garcia Roberto & Julia 43,615 129,756 173,371 8,353.77 20.75:1
518‐202‐07‐00‐7 Reveles Jose Luis 31,065 143,421 174,486 8,353.77 20.89:1
518‐202‐08‐00‐0 Garcia Albert L 32,466 138,527 170,993 8,353.77 20.47:1
518‐202‐09‐00‐3 Singh Nazar & Kaur Ranjit 31,206 132,628 163,834 8,353.77 19.61:1
518‐202‐10‐00‐5 Try Touch Bak LLC 40,610 111,677 152,287 8,353.77 18.23:1
518‐202‐11‐00‐8 Lopez Jose M Ballesteros 36,243 146,527 182,770 8,353.77 21.88:1
518‐202‐12‐00‐1 Ramos Carlos 31,206 140,951 172,157 8,353.77 20.61:1
518‐202‐13‐00‐4 Singh Rajinder & Kaur Rajwinder 36,243 140,832 177,075 8,353.77 21.20:1
518‐202‐14‐00‐7 Arrendondo Isais 41,607 128,987 170,594 8,353.77 20.42:1
518‐202‐15‐00‐0 Rodriguez Luis Alberto 43,615 135,207 178,822 8,353.77 21.41:1
518‐202‐16‐00‐3 Secy Of Housing & Urban Dev 40,000 111,000 151,000 8,353.77 18.08:1
518‐202‐17‐00‐6 Fernandez Jose L 43,615 120,075 163,690 8,353.77 19.59:1
518‐202‐18‐00‐9 Schnitker Tim 43,289 125,540 168,829 8,353.77 20.21:1
518‐202‐19‐00‐2 Sanchez Luis 36,243 144,974 181,217 8,353.77 21.69:1
518‐202‐20‐00‐4 Macias Carlos 43,615 133,027 176,642 8,353.77 21.15:1
518‐202‐21‐00‐7 Urrea Demetrio 43,615 137,387 181,002 8,353.77 21.67:1
Annual Disclosure Report FY Ended June 30, 2016 B‐3
ATN Owner's Name(1)
Assessed
Land Value(1)
Assessed
Structure
Value(1)
Total
Assessed
Value(1)
Remaining
Assessment
Amount(2)
Value‐to‐
Lien
APPENDIX B
City of Bakersfield
Assessment District No. 07‐2
Value‐to‐Lien By Parcel
518‐202‐22‐00‐0 Yanez Carol 43,615 135,207 178,822 8,353.77 21.41:1
518‐202‐23‐00‐3 Vargas Johvany 43,615 127,575 171,190 8,353.77 20.49:1
518‐202‐24‐00‐6 Baca Maria Christina 43,615 116,672 160,287 8,353.77 19.19:1
518‐202‐25‐00‐9 Navarro Kenny W 43,615 109,038 152,653 8,353.77 18.27:1
518‐202‐26‐00‐2 Hernandez Jose L Jr 43,615 121,033 164,648 8,353.77 19.71:1
518‐202‐27‐00‐5 Lopez Bibiana 31,830 150,136 181,966 8,353.77 21.78:1
518‐202‐28‐00‐8 Aguirre Placido Martinez & Patricia 41,421 151,705 193,126 8,353.77 23.12:1
518‐202‐29‐00‐1 Hernandez Josue Alcantara 41,421 142,385 183,806 8,353.77 22.00:1
518‐202‐30‐00‐3 Barrios Joshua 41,421 125,299 166,720 8,353.77 19.96:1
518‐202‐31‐00‐6 Leon Juan Carlos 31,065 165,166 196,231 8,353.77 23.49:1
518‐202‐32‐00‐9 Ramos Julio A 41,421 142,903 184,324 8,353.77 22.06:1
518‐203‐01‐00‐6 Aguilar Elizabeth & Jesus 37,877 191,559 229,436 8,353.77 27.46:1
518‐203‐02‐00‐9 Ruiz Calixto Jesus Perez 42,440 148,545 190,985 8,353.77 22.86:1
518‐203‐03‐00‐2 Estrada Leoncio & Juanita 43,289 162,338 205,627 8,353.77 24.61:1
518‐203‐04‐00‐5 Gonzalez Leticia 31,206 135,230 166,436 8,353.77 19.92:1
518‐203‐05‐00‐8 Gonzalez Florencio 27,056 166,666 193,722 8,353.77 23.19:1
518‐203‐06‐00‐1 Hernandez Pedro 32,466 159,090 191,556 8,353.77 22.93:1
518‐203‐07‐00‐4 Vega Tomas & Martha 41,607 113,717 155,324 8,353.77 18.59:1
518‐203‐08‐00‐7 Santacruz Sergio 31,206 135,230 166,436 8,353.77 19.92:1
518‐203‐09‐00‐0 Thurman Monique Angelique & Roberson James 31,206 134,709 165,915 8,353.77 19.86:1
518‐203‐10‐00‐2 Cabrera Martha A C 41,607 119,626 161,233 8,353.77 19.30:1
518‐203‐11‐00‐5 Chavez Connie 41,607 119,106 160,713 8,353.77 19.24:1
518‐203‐12‐00‐8 Hernandez Jose De Jesus 31,206 138,835 170,041 8,353.77 20.36:1
518‐203‐14‐00‐4 Rupe Ricky L Jr 41,607 160,195 201,802 8,353.77 24.16:1
518‐203‐15‐00‐7 Cota Silviano M 40,610 142,135 182,745 8,353.77 21.88:1
518‐203‐16‐00‐0 Acoba Rixon Lauro G & Leia Judith Parubrub 31,830 162,107 193,937 8,353.77 23.22:1
518‐203‐17‐00‐3 Gonzalez Jose R 31,206 139,390 170,596 8,353.77 20.42:1
518‐203‐18‐00‐6 Bishop Frank E Jr & Stormy 31,206 139,910 171,116 8,353.77 20.48:1
518‐203‐19‐00‐9 Gomez Pedro Guardado & De Guardado Gloria B 43,289 126,622 169,911 8,353.77 20.34:1
518‐203‐20‐00‐1 Gonzales Abran 43,289 161,255 204,544 8,353.77 24.49:1
518‐203‐21‐00‐4 Terrazas Jesse 43,615 194,008 237,623 8,353.77 28.45:1
518‐203‐22‐00‐7 Rojas Dianne 31,830 163,399 195,229 8,353.77 23.37:1
518‐203‐23‐00‐0 Ramos Santos 31,206 123,787 154,993 8,353.76 18.55:1
518‐203‐24‐00‐3 Vorderbruegge David & Loma P 31,206 117,024 148,230 8,353.76 17.74:1
518‐203‐25‐00‐6 Ammerman Fred William 36,243 146,527 182,770 8,353.76 21.88:1
518‐203‐26‐00‐9 Degracia Granel N & Erlene J 41,607 175,277 216,884 8,353.76 25.96:1
518‐203‐27‐00‐2 Gonzalez Ana D 33,654 138,761 172,415 8,353.76 20.64:1
518‐203‐28‐00‐5 Pena Raymundo A 41,421 128,405 169,826 8,353.76 20.33:1
518‐203‐29‐00‐8 Alvarez Arnulfo & Velazquez Maria I 31,206 140,430 171,636 8,353.76 20.55:1
518‐203‐30‐00‐0 Bejar Ignacio Javier 31,065 160,506 191,571 8,353.76 22.93:1
518‐203‐31‐00‐3 Ortega Noe A & Sonia M 36,243 159,989 196,232 8,353.76 23.49:1
518‐203‐32‐00‐6 Mejia Joe 31,065 151,705 182,770 8,353.76 21.88:1
518‐203‐33‐00‐9 Eccleston Olivia 31,206 134,709 165,915 8,355.08 19.86:1
518‐211‐01‐00‐5 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐211‐02‐00‐8 Samaniego Steve 40,000 176,000 216,000 474.42 455.29:1
518‐211‐03‐00‐1 Lopez Rosa L & Martinez Tereso L 40,000 173,000 213,000 474.42 448.97:1
518‐211‐04‐00‐4 Barragan Maria Del Socorro 40,000 171,000 211,000 474.42 444.75:1
518‐211‐05‐00‐7 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐211‐06‐00‐0 Gaston George E & Alma R 16,569 50,000 66,569 474.42 140.32:1
518‐211‐07‐00‐3 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐211‐08‐00‐6 Lopez James 16,569 178,000 194,569 474.42 410.12:1
518‐211‐09‐00‐9 Jauregui Domingo 40,000 171,000 211,000 474.42 444.75:1
518‐211‐10‐00‐1 Roque Roxanne K 40,000 214,000 254,000 474.42 535.39:1
Annual Disclosure Report FY Ended June 30, 2016 B‐4
ATN Owner's Name(1)
Assessed
Land Value(1)
Assessed
Structure
Value(1)
Total
Assessed
Value(1)
Remaining
Assessment
Amount(2)
Value‐to‐
Lien
APPENDIX B
City of Bakersfield
Assessment District No. 07‐2
Value‐to‐Lien By Parcel
518‐211‐11‐00‐4 Lobos Kevin James 16,569 176,000 192,569 474.42 405.90:1
518‐211‐12‐00‐7 Wilson Jatoya Marie 16,569 176,000 192,569 474.42 405.90:1
518‐211‐13‐00‐0 Lenox Homes 16,569 176,000 192,569 474.42 405.90:1
518‐211‐14‐00‐3 Gallardo Odilia Patricia 40,000 173,000 213,000 474.42 448.97:1
518‐211‐15‐00‐6 Briceno Liliana Yesenia 16,569 197,000 213,569 474.42 450.17:1
518‐211‐16‐00‐9 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐212‐01‐00‐2 Bastardo Christopher A 40,000 199,000 239,000 474.42 503.77:1
518‐212‐02‐00‐5 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐212‐03‐00‐8 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐212‐04‐00‐1 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐212‐05‐00‐4 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐212‐06‐00‐7 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐212‐07‐00‐0 Hartman John G & Kathy 40,000 190,000 230,000 474.42 484.80:1
518‐212‐08‐00‐3 Marmolejo Marcos Raymond & Lupita 40,000 191,000 231,000 474.42 486.91:1
518‐212‐09‐00‐6 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐212‐10‐00‐8 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐212‐11‐00‐1 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐212‐12‐00‐4 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐213‐01‐00‐9 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐213‐02‐00‐2 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐213‐03‐00‐5 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐213‐04‐00‐8 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐213‐05‐00‐1 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐213‐06‐00‐4 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐213‐07‐00‐7 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐213‐08‐00‐0 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐213‐09‐00‐3 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐213‐10‐00‐5 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐213‐11‐00‐8 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐213‐12‐00‐1 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐213‐13‐00‐4 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐213‐14‐00‐7 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐213‐15‐00‐0 Lenox Homes 16,569 0 16,569 474.42 34.92:1
518‐213‐16‐00‐3 Lenox Homes 16,569 0 16,569 474.42 34.92:1
246 Parels $9,731,103 $32,443,240 $42,174,343 $1,430,000.00 29.49:1
Annual Disclosure Report FY Ended June 30, 2016 B‐5
Annual Disclosure Report, FY Ended June 30, 2016
City of Bakersfield AD No. 07-2
Limited Obligation Improvement Bonds
7
APPENDIX C: DEBT SERVICE SCHEDULE
Annual
Total
Call
Premium
4.250%3.00%
3.00%
4.250%3.00%
3.00%
4.550%3.00%
3.00%
4.800%3.00%
3.00%
5.150%3.00%
3.00%
5.350%3.00%
3.00%
7.375%3.00%
3.00%
7.375%3.00%
3.00%
7.375%3.00%
3.00%
7.375%3.00%
0.00%
7.375%0.00%
0.00%
7.375%0.00%
0.00%
7.375%0.00%
0.00%
7.375%0.00%
0.00%
7.375%0.00%
0.00%
7.375%0.00%
0.00%
7.375%0.00%
0.00%
7.375%0.00%
0.00%
7.375%0.00%
0.00%
7.375%0.00%
0.00%
7.375%0.00%
Appendix C
City of Bakersfield
AD NO. 07-2 (SYDNEY HARBOUR)
Current Debt Service Schedule
Net of Bond Call (September 2, 2009 and September 2, 2013)
9/2/2009
9/2/2009
$4,825,000.00
4,825,000.00
4,825,000.00
4,700,000.00
$121,258.66
169,198.13
169,198.13
0.00
Interest
Rate
Payment
Date
9/2/2008
3/2/2009
3/2/2010
9/2/2010
3/2/2011
9/2/2011
3/2/2012
9/2/2012
3/2/2013
9/2/2013
9/2/2013
3/2/2014
9/2/2014
3/2/2015
9/2/2015
3/2/2016
9/2/2016
3/2/2017
9/2/2017
3/2/2018
9/2/2027
9/2/2018
3/2/2019
9/2/2019
3/2/2020
9/2/2020
3/2/2021
9/2/2021
3/2/2022
9/2/2022
3/2/2028
9/2/2028
Total
3/2/2023
9/2/2023
3/2/2024
9/2/2024
3/2/2025
9/2/2025
3/2/2026
9/2/2026
3/2/2027
2,000,000.00
2,000,000.00
1,945,000.00
1,945,000.00
1,885,000.00
1,885,000.00
1,825,000.00
1,825,000.00
1,760,000.00
1,635,000.00
1,635,000.00
1,570,000.00
1,570,000.00
1,505,000.00
1,505,000.00
1,430,000.00
1,430,000.00
1,350,000.00
1,350,000.00
1,265,000.00
1,265,000.00
1,170,000.00
1,170,000.00
1,070,000.00
1,070,000.00
965,000.00
965,000.00
855,000.00
855,000.00
735,000.00
735,000.00
605,000.00
605,000.00
465,000.00
465,000.00
315,000.00
315,000.00
160,000.00
160,000.00
Balance
$4,825,000.00
Principal
$0.00
0.00
125,000.00
2,700,000.00
0.00
55,000.00
0.00
60,000.00
0.00
60,000.00
0.00
65,000.00
125,000.00
0.00
65,000.00
0.00
65,000.00
0.00
155,000.00
0.00
160,000.00
70,875.00
70,875.00
69,623.75
69,623.75
68,183.75
68,183.75
66,638.75
66,638.75
0.00
60,290.63
60,290.63
57,893.75
57,893.75
55,496.88
55,496.88
52,731.25
100,000.00
0.00
105,000.00
0.00
57,893.75
122,893.75
35,584.38
35,584.38
31,528.13
0.00
140,000.00
0.00
150,000.00
110,000.00
0.00
120,000.00
0.00
130,000.00
0.00
75,000.00
0.00
80,000.00
0.00
85,000.00
0.00
95,000.00
0.00
69,623.75
129,623.75
68,183.75
128,183.75
66,638.75
131,638.75
125,000.00
60,290.63
125,290.63
17,146.88
11,615.63
11,615.63
5,900.00
5,900.00
Interest
22,309.38
22,309.38
17,146.88
52,731.25
49,781.25
49,781.25
46,646.88
46,646.88
43,143.75
43,143.75
39,456.25
39,456.25
31,528.13
27,103.13
27,103.13
Payment
Total
143,143.75
39,456.25
144,456.25
35,584.38
145,584.38
31,528.13
151,528.13
27,103.13
55,496.88
130,496.88
52,731.25
132,731.25
49,781.25
134,781.25
46,646.88
141,646.88
43,143.75
$121,258.66
169,198.13
294,198.13
2,700,000.00
70,875.00
125,875.00
185,993.76
0.00
185,462.50
0.00
184,562.50
167,146.88
11,615.63
166,615.63
5,900.00
157,103.13
22,309.38
162,309.38
17,146.88
196,367.50
0.00
0.00
323,277.50
0.00
185,581.26
0.00
180,787.50
0.00
$121,258.66
0.00
0.00
3,163,396.26
0.00
196,750.00
0.00
199,247.50
0.00
0.00
188,293.76
0.00
186,287.50
0.00
183,912.50
0.00
181,168.76
0.00
0.00
171,800.00
183,056.26
0.00
184,206.26
0.00
184,618.76
0.00
184,293.76
0.00
178,231.26
165,900.00
$6,948,553.76
Annual Disclosure Report, FY Ended June 30, 2016 C ‐ 1