HomeMy WebLinkAboutAD No. 07-2 Disclosure Report 2016-17
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, 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 I
1600 Truxtun Avenue
Bakersfield, CA 93301
T. 661.326.3742
F. 661.852.2040
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
Paying 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, 2017
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, 2017
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, 2017 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, 2017 are described as follows:
Table 1
PRINCIPAL OUTSTANDING
AS OF SEPTEMBER 3, 2017
ISSUE PRINCIPAL OUTSTANDING
Limited Obligation Bonds AD No.
07-2 (Sydney Harbour)
$1,350,000
During Fiscal Year 2016/17 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, 2017 of the funds established when the
Bonds were issued are shown in the table below. The funds are currently being held by the City.
Table 2
FUND BALANCES
AS OF DECEMBER 31, 2017
DESCRIPTION
FUND ACCOUNT
BALANCE
Improvement Fund $0.00
Redemption Fund $192,067.21
Annual Disclosure Report, FY Ended June 30, 2017
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, 2017
DESCRIPTION AMOUNT
Special Reserve Fund Balance $188,293.76
Special Reserve Fund Requirement $188,293.75
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, 2017.
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, 2017
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)
518‐203‐22‐00‐7 $1,102.63 12/10/2016 N/A N/A N/A
518‐212‐11‐00‐1 $80.73 12/10/2016 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, 2017,
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, 2017 (or any delinquencies after
December 31, 2017), 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, 2017 A ‐ 1
Annual Disclosure Report, FY Ended June 30, 2017
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 $168,929 $0 $168,929 $29,731.82 5.68:1
518‐040‐30‐00‐3 Berkshire Bak Llc 217,960 0 217,960 38,751.22 5.62:1
518‐171‐01‐00‐4 Rosales Nicholas 41,422 201,932 243,354 447.86 543.37:1
518‐171‐02‐00‐7 Mercado Filiberto L & Lopez Aida S De 41,422 180,186 221,608 447.86 494.82:1
518‐171‐03‐00‐0 Trejo Carlos S 41,422 173,973 215,395 447.86 480.94:1
518‐171‐04‐00‐3 Fuentes Jairo B A 41,422 184,328 225,750 447.86 504.06:1
518‐171‐05‐00‐6 Heraldez Monica 41,422 202,968 244,390 447.86 545.68:1
518‐171‐06‐00‐9 Escobedo Ivan & Jacqueline 46,599 183,292 229,891 447.86 513.31:1
518‐171‐07‐00‐2 Zuniga Manuel Antonio 41,422 189,505 230,927 447.86 515.62:1
518‐171‐08‐00‐5 Ramirez Peter Anthony 41,422 180,704 222,126 447.86 495.97:1
518‐171‐09‐00‐8 Sarmiento Jose A & Juana S 41,422 184,328 225,750 447.86 504.06:1
518‐171‐10‐00‐0 Elias Jose M 41,422 176,043 217,465 447.86 485.56:1
518‐171‐11‐00‐3 Chavez Benino 41,422 191,577 232,999 447.86 520.25:1
518‐172‐01‐00‐1 Alfaro Elias N 40,800 193,800 234,600 447.86 523.82:1
518‐172‐02‐00‐4 Medina Eusebio Medina & Reyna Garcia 51,000 192,780 243,780 447.86 544.32:1
518‐172‐03‐00‐7 Corona Jose R 41,422 171,901 213,323 447.86 476.32:1
518‐172‐04‐00‐0 Parra Juan Carlos 42,249 179,560 221,809 447.86 495.26:1
518‐172‐05‐00‐3 Imbelloni John M & Leist Jessica R 42,249 199,629 241,878 447.86 540.08:1
518‐172‐06‐00‐6 Perez Leticia G & Vargas Juan A 40,800 204,000 244,800 447.86 546.60:1
518‐172‐07‐00‐9 Trevino Manuel J & Barajas Ofelia 41,422 221,608 263,030 447.86 587.30:1
518‐172‐08‐00‐2 Moreno Mercedes 40,800 201,960 242,760 447.86 542.04:1
518‐172‐09‐00‐5 Canuto Anthony Ruben 41,422 185,363 226,785 447.86 506.37:1
518‐172‐10‐00‐7 Ocegueda Adan & Maria 41,422 221,608 263,030 447.86 587.30:1
518‐172‐11‐00‐0 Gonzales David 41,422 201,932 243,354 447.86 543.37:1
518‐172‐12‐00‐3 Ramirez Ramon V & Frausto Maria G Ramirez 41,422 203,485 244,907 447.86 546.84:1
518‐172‐13‐00‐6 Castaneda Jose A 41,422 195,201 236,623 447.86 528.34:1
518‐172‐14‐00‐9 Guandique Dolores S V & Sonia Maritza 51,777 189,505 241,282 447.86 538.74:1
518‐172‐15‐00‐2 Jackson Joseph Marvin 51,777 176,043 227,820 447.86 508.69:1
518‐172‐16‐00‐5 Gutierrez Daniel Jr 40,800 172,380 213,180 447.86 476.00:1
518‐172‐17‐00‐8 Napier Terry W & Teresa A 51,777 185,363 237,140 447.86 529.50:1
518‐175‐40‐00‐5 Cres Bakersfield 2 Llc 749,598 0 749,598 19,706.57 38.04:1
518‐176‐17‐00‐6 Perez Raul S Hernandez Jr 41,422 188,470 229,892 447.86 513.31:1
518‐176‐18‐00‐9 Bulat Marcus & Nancy Rubi 42,249 179,560 221,809 447.86 495.26:1
518‐176‐19‐00‐2 Rivas Ricardo & Maria Elizabeth 42,249 174,279 216,528 447.86 483.47:1
518‐176‐20‐00‐4 Ultreras Mario 41,422 193,648 235,070 447.86 524.87:1
518‐176‐21‐00‐7 Lynch Dewayne & Tracy 41,422 179,150 220,572 447.86 492.50:1
518‐176‐22‐00‐0 Villalobos Javier Jr 41,422 175,525 216,947 447.86 484.41:1
518‐176‐23‐00‐3 Gomez Luis Alberto & Rosa 50,000 156,000 206,000 447.86 459.97:1
518‐176‐24‐00‐6 Hernandez Jose De Jesus Ruiz 42,249 183,785 226,034 447.86 504.70:1
518‐176‐25‐00‐9 Lopez Isaiah 41,422 169,831 211,253 447.86 471.69:1
518‐176‐26‐00‐2 Tena Hoover M 42,249 181,673 223,922 447.86 499.98:1
518‐176‐27‐00‐5 Carrillo Candelaria B & Banuelos Erika A O 41,422 173,973 215,395 447.86 480.94:1
518‐176‐28‐00‐8 Valencia Jorge Mendez 51,000 161,160 212,160 447.86 473.72:1
518‐176‐29‐00‐1 Barajas Jesus E 41,422 188,470 229,892 447.86 513.31:1
518‐176‐30‐00‐3 Gonzales Francisco J & Arteaga Lorena 41,422 180,186 221,608 447.86 494.82:1
518‐176‐31‐00‐6 Jimenez Erik & Maria Del R Q 51,777 167,759 219,536 447.86 490.19:1
518‐176‐32‐00‐9 Gonzalez Jorge L 41,422 204,004 245,426 447.49 548.45:1
518‐191‐01‐00‐0 Maring Darryl Robert & Jessica 31,830 162,337 194,167 7,886.43 24.62:1
518‐191‐02‐00‐3 De Lopez Franciso X & Veronica C 31,686 133,613 165,299 7,886.43 20.96:1
518‐191‐03‐00‐6 Perez David Chavez & Martinez Esmeralda Mora 42,249 136,254 178,503 7,886.43 22.63:1
518‐191‐04‐00‐9 Cardona Ernesto 36,967 133,085 170,052 7,886.43 21.56:1
518‐191‐05‐00‐2 Menchaca Brian C & Ramirez Rosemary 36,967 143,648 180,615 7,886.43 22.90:1
518‐191‐06‐00‐5 Campos Jonathan Hernandez 31,686 172,695 204,381 7,886.43 25.92:1
APPENDIX B
City of Bakersfield
Assessment District No. 07‐2
Value‐to‐Lien By Parcel
Annual Disclosure Report FY Ended June 30, 2017 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 42,249 154,739 196,988 7,886.43 24.98:1
518‐191‐08‐00‐1 Guitron David & Laura 31,830 132,098 163,928 7,886.43 20.79:1
518‐191‐09‐00‐4 Cortez Luis H & Yvonne Y 31,830 142,177 174,007 7,886.43 22.06:1
518‐191‐10‐00‐6 Ayala Anna 31,830 131,566 163,396 7,886.43 20.72:1
518‐191‐11‐00‐9 Rodriguez Duane A Flores 31,830 138,994 170,824 7,886.43 21.66:1
518‐191‐12‐00‐2 Meza Adam & Elizabeth 38,634 126,948 165,582 7,886.43 21.00:1
518‐191‐13‐00‐5 Thomas Elena A 36,967 129,389 166,356 7,886.43 21.09:1
518‐191‐14‐00‐8 Guzman Laura M 33,115 132,466 165,581 7,886.43 21.00:1
518‐191‐15‐00‐1 Fernandez Isidoro Ortiz 33,115 132,466 165,581 7,886.43 21.00:1
518‐191‐16‐00‐4 Flores Guillermo De Jesus 47,000 140,000 187,000 7,886.43 23.71:1
518‐191‐17‐00‐7 Hernandez Ramon 44,487 131,238 175,725 7,886.43 22.28:1
518‐191‐18‐00‐0 Perez Yezenia 31,830 90,186 122,016 7,886.43 15.47:1
518‐191‐19‐00‐3 Barrera Francisco 41,422 162,581 204,003 7,886.43 25.87:1
518‐191‐20‐00‐5 Diaz Luis J & Rocio 32,466 117,965 150,431 7,886.43 19.07:1
518‐191‐21‐00‐8 Olvera Dionicio Romero 36,967 150,514 187,481 7,886.43 23.77:1
518‐191‐22‐00‐1 Hall Robert Kevin 33,115 134,122 167,237 7,886.43 21.21:1
518‐191‐23‐00‐4 Celis Jose A & Rosalva 42,439 115,119 157,558 7,886.43 19.98:1
518‐191‐24‐00‐7 Clark Delmar J 50,046 150,147 200,193 7,886.43 25.38:1
518‐191‐25‐00‐0 Gonzalez Ignacio Calderon 32,466 81,168 113,634 7,886.43 14.41:1
518‐191‐26‐00‐3 Ley Alma Lorena 50,000 145,000 195,000 7,886.43 24.73:1
518‐191‐27‐00‐6 Perez Diego & Marylou 32,466 80,826 113,292 7,886.43 14.37:1
518‐191‐28‐00‐9 Ceja Miguel Angel 57,000 169,000 226,000 7,886.43 28.66:1
518‐191‐29‐00‐2 Chicca Kristen 50,000 149,000 199,000 7,886.43 25.23:1
518‐191‐30‐00‐4 Akitaya Jovan 49,000 147,000 196,000 7,886.43 24.85:1
518‐191‐31‐00‐7 Ruelas Erasmo Robles 40,800 83,640 124,440 7,886.43 15.78:1
518‐191‐32‐00‐0 Brookline Woods Llc 32,466 88,743 121,209 7,886.43 15.37:1
518‐191‐33‐00‐3 De Luna Ricardo & Lopez Mercedes D 48,000 143,000 191,000 7,886.43 24.22:1
518‐191‐34‐00‐6 Perez Israel Montes & Montes Luz Aurora 51,000 176,460 227,460 7,886.43 28.84:1
518‐191‐35‐00‐9 Rubalcado Henry T & Annabelle 56,000 166,000 222,000 7,886.43 28.15:1
518‐191‐36‐00‐2 Rivera Joe & Kade 33,115 146,427 179,542 7,886.43 22.77:1
518‐191‐37‐00‐5 Santos Yony 36,967 149,985 186,952 7,886.43 23.71:1
518‐191‐38‐00‐8 Manjarrez De Chacon Melina L 50,000 170,000 220,000 7,886.43 27.90:1
518‐191‐39‐00‐1 French Jason D 41,422 141,870 183,292 7,886.43 23.24:1
518‐191‐40‐00‐3 Amer Homes 4 Rent Prop Five Llc 36,967 163,716 200,683 7,886.43 25.45:1
518‐191‐41‐00‐6 Figueroa Humberto & Eva 44,487 176,840 221,327 7,886.43 28.06:1
518‐191‐42‐00‐9 Ornelas Martin & Angelica 51,000 151,470 202,470 7,886.43 25.67:1
518‐191‐43‐00‐2 Saldivar Jesus & Cecilia 50,000 150,000 200,000 7,886.43 25.36:1
518‐191‐44‐00‐5 Orozco Leopoldo 43,000 127,000 170,000 7,886.43 21.56:1
518‐191‐45‐00‐8 Trujillo Leopoldo Cazares 31,830 88,063 119,893 7,886.43 15.20:1
518‐191‐46‐00‐1 Yanez Martha I Canul 38,925 137,911 176,836 7,886.43 22.42:1
518‐191‐47‐00‐4 Zamudio Humberto Ramos 33,115 133,571 166,686 7,886.43 21.14:1
518‐191‐48‐00‐7 Livingstone Donna L 54,000 160,000 214,000 7,886.43 27.14:1
518‐191‐49‐00‐0 Becerra Sergio 32,466 86,579 119,045 7,886.43 15.09:1
518‐191‐50‐00‐2 Hernandez Antonio S & De Hernandez Rosa M R 42,249 147,873 190,122 7,886.43 24.11:1
518‐191‐51‐00‐5 Morales Alexander 36,967 155,795 192,762 7,886.43 24.44:1
518‐191‐52‐00‐8 Guzman Aurelio 40,800 124,440 165,240 7,886.43 20.95:1
518‐191‐53‐00‐1 Ayala Rafael & Contreras Ofelia 44,000 131,000 175,000 7,886.43 22.19:1
518‐191‐54‐00‐4 Barajas Edgar 38,634 128,602 167,236 7,886.43 21.21:1
518‐191‐55‐00‐7 Sencio Reynaldo & Eleanor 36,967 160,019 196,986 7,886.43 24.98:1
518‐192‐01‐00‐7 Rodriguez Jose L 32,466 151,515 183,981 7,886.43 23.33:1
518‐192‐02‐00‐0 Gonzalez Alejandro 31,830 153,849 185,679 7,886.43 23.54:1
518‐192‐03‐00‐3 Thomas James 31,830 141,117 172,947 7,886.43 21.93:1
518‐192‐04‐00‐6 Rodriguez Kevin Allen 31,830 158,093 189,923 7,886.43 24.08:1
Annual Disclosure Report FY Ended June 30, 2017 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 36,967 149,985 186,952 7,886.43 23.71:1
518‐192‐06‐00‐2 Gonzalez Steven M 31,686 155,795 187,481 7,886.43 23.77:1
518‐192‐07‐00‐5 Perez Emmanuel 36,967 154,739 191,706 7,886.43 24.31:1
518‐192‐08‐00‐8 Lopez Jaime M & Yareli A 50,000 166,000 216,000 7,886.43 27.39:1
518‐192‐09‐00‐1 Fernandez Fernando 41,422 129,444 170,866 7,886.43 21.67:1
518‐192‐10‐00‐3 Hernandez Jesus A 50,000 130,000 180,000 7,886.43 22.82:1
518‐192‐11‐00‐6 Rivera Jose H & Maria R 33,115 101,005 134,120 7,886.43 17.01:1
518‐192‐12‐00‐9 Norman Teresa Claire Trust 50,000 150,000 200,000 7,886.43 25.36:1
518‐192‐13‐00‐2 Delahuerta Ryan Andre 31,830 144,300 176,130 7,886.43 22.33:1
518‐192‐14‐00‐5 Hartford Maribel Flores 36,967 160,019 196,986 7,886.43 24.98:1
518‐192‐15‐00‐8 Barrera Santos Felix Macedo 36,967 160,019 196,986 7,886.43 24.98:1
518‐192‐16‐00‐1 Valencia Jose Antonio Lopez 36,967 145,232 182,199 7,886.43 23.10:1
518‐192‐17‐00‐4 Leon Ignacio & Maria De La Luz 36,967 149,457 186,424 7,886.43 23.64:1
518‐192‐18‐00‐7 Higuera Adalberto Cervantes 31,686 160,548 192,234 7,886.43 24.38:1
518‐192‐19‐00‐0 Garay Jorge Jr 36,967 163,023 199,990 7,886.43 25.36:1
518‐192‐20‐00‐2 Cardenas Zenia 42,249 146,815 189,064 7,886.43 23.97:1
518‐192‐21‐00‐5 Castellano Matthew G 42,249 132,558 174,807 7,886.43 22.17:1
518‐192‐22‐00‐8 Cesenas Brandon Ray 36,967 214,416 251,383 7,886.43 31.88:1
518‐192‐23‐00‐1 Morales Jesse C Jr 36,967 160,019 196,986 7,886.43 24.98:1
518‐192‐24‐00‐4 Korin Yahya Mohamed 36,967 220,121 257,088 7,886.43 32.60:1
518‐192‐25‐00‐7 Tabelisma Erickson Diniega 42,249 150,514 192,763 7,886.43 24.44:1
518‐192‐27‐00‐3 Dominguez Alberto & Christina 36,967 213,887 250,854 7,886.43 31.81:1
518‐192‐28‐00‐6 Rodriguez Juan C & Marivel 40,800 159,120 199,920 7,886.43 25.35:1
518‐192‐29‐00‐9 Alcala Juan R Garcia 42,249 136,254 178,503 7,886.43 22.63:1
518‐192‐30‐00‐1 Villanueva Abel & Herminia 42,249 138,367 180,616 7,886.43 22.90:1
518‐192‐31‐00‐4 Caton Jamison Tyler 42,439 132,098 174,537 7,886.43 22.13:1
518‐192‐32‐00‐7 Ruvalcaba Efren Munoz 31,686 148,401 180,087 7,886.85 22.83:1
518‐201‐01‐00‐2 Mendoza Merced & Yolanda 36,967 145,232 182,199 7,886.43 23.10:1
518‐201‐02‐00‐5 Hansen Tyler Shaun 42,249 159,491 201,740 7,886.43 25.58:1
518‐201‐03‐00‐8 Roberson Erik Anthony 42,249 148,930 191,179 7,886.43 24.24:1
518‐201‐04‐00‐1 Hernandez Ruth Selene 42,249 142,591 184,840 7,886.43 23.44:1
518‐201‐05‐00‐4 Navarro Agustin & Juana Delgado 42,249 147,873 190,122 7,886.43 24.11:1
518‐201‐06‐00‐7 Bravo Marcelo 31,830 153,849 185,679 7,886.43 23.54:1
518‐201‐07‐00‐0 Rodriguez Ernesto A & Silvia F 42,249 148,930 191,179 7,886.43 24.24:1
518‐202‐03‐00‐5 Soto Cambryn 31,830 142,177 174,007 7,886.43 22.06:1
518‐202‐04‐00‐8 Perez Pedro Cuevas & Ochoa Maria A Garcia 31,830 116,712 148,542 7,886.43 18.84:1
518‐202‐05‐00‐1 Aguayo Ruben I & Hernandez Maria A D 31,830 108,225 140,055 7,886.43 17.76:1
518‐202‐06‐00‐4 Perez Luis A 50,000 129,000 179,000 7,886.43 22.70:1
518‐202‐07‐00‐7 Reveles Jose Luis 31,686 146,289 177,975 7,886.43 22.57:1
518‐202‐08‐00‐0 Garcia Albert L 33,115 141,297 174,412 7,886.43 22.12:1
518‐202‐09‐00‐3 Singh Nazar & Kaur Ranjit 31,830 135,280 167,110 7,886.43 21.19:1
518‐202‐10‐00‐5 Try Touch Bak Llc 41,422 113,910 155,332 7,886.43 19.70:1
518‐202‐11‐00‐8 Lopez Jose M Ballesteros 36,967 149,457 186,424 7,886.43 23.64:1
518‐202‐12‐00‐1 Ramos Carlos 31,830 143,770 175,600 7,886.43 22.27:1
518‐202‐13‐00‐4 Mendoza Jose J & Cisneros De Mendoza Lorena 50,000 143,000 193,000 7,886.43 24.47:1
518‐202‐14‐00‐7 Arrendondo Isais 42,439 131,566 174,005 7,886.43 22.06:1
518‐202‐15‐00‐0 Rodriguez Luis Alberto 44,487 137,911 182,398 7,886.43 23.13:1
518‐202‐16‐00‐3 Salas Miguel & Francisca 50,000 100,000 150,000 7,886.43 19.02:1
518‐202‐17‐00‐6 Fernandez Jose L 44,487 122,476 166,963 7,886.43 21.17:1
518‐202‐18‐00‐9 Schnitker Tim 44,154 128,050 172,204 7,886.43 21.84:1
518‐202‐19‐00‐2 Sanchez Luis 36,967 147,873 184,840 7,886.43 23.44:1
518‐202‐20‐00‐4 Macias Carlos 44,487 135,687 180,174 7,886.43 22.85:1
518‐202‐21‐00‐7 Urrea Demetrio 44,487 140,134 184,621 7,886.43 23.41:1
Annual Disclosure Report FY Ended June 30, 2017 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 44,487 137,911 182,398 7,886.43 23.13:1
518‐202‐23‐00‐3 Alvarez Alberto Jr 51,000 129,540 180,540 7,886.43 22.89:1
518‐202‐24‐00‐6 Baca Maria Christina 44,487 119,005 163,492 7,886.43 20.73:1
518‐202‐25‐00‐9 Navarro Kenny W 44,487 111,218 155,705 7,886.43 19.74:1
518‐202‐26‐00‐2 Hernandez Jose L Jr 44,487 123,453 167,940 7,886.43 21.29:1
518‐202‐27‐00‐5 Lopez Bibiana 32,466 153,138 185,604 7,886.43 23.53:1
518‐202‐28‐00‐8 Aguirre Placido Martinez & Patricia 42,249 154,739 196,988 7,886.43 24.98:1
518‐202‐29‐00‐1 Hernandez Josue Alcantara 42,249 145,232 187,481 7,886.43 23.77:1
518‐202‐30‐00‐3 Barrios Joshua 39,000 118,000 157,000 7,886.43 19.91:1
518‐202‐31‐00‐6 Leon Juan Carlos 31,686 168,469 200,155 7,886.43 25.38:1
518‐202‐32‐00‐9 Ramos Julio A 42,249 145,761 188,010 7,886.43 23.84:1
518‐203‐01‐00‐6 Aguilar Elizabeth & Jesus 38,634 195,390 234,024 7,886.43 29.67:1
518‐203‐02‐00‐9 Ruiz Calixto Jesus Perez 43,288 151,515 194,803 7,886.43 24.70:1
518‐203‐03‐00‐2 Estrada Leoncio & Juanita 44,154 165,584 209,738 7,886.43 26.59:1
518‐203‐04‐00‐5 Gonzalez Leticia 31,830 137,934 169,764 7,886.43 21.53:1
518‐203‐05‐00‐8 Gonzalez Florencio 27,597 169,999 197,596 7,886.43 25.06:1
518‐203‐06‐00‐1 Hernandez Pedro 33,115 162,271 195,386 7,886.43 24.77:1
518‐203‐07‐00‐4 Vega Tomas & Martha 42,439 115,991 158,430 7,886.43 20.09:1
518‐203‐08‐00‐7 Santacruz Sergio 31,830 137,934 169,764 7,886.43 21.53:1
518‐203‐09‐00‐0 Thurman Monique Angelique & Roberson James 31,830 137,403 169,233 7,886.43 21.46:1
518‐203‐10‐00‐2 Cabrera Martha A C 42,439 122,018 164,457 7,886.43 20.85:1
518‐203‐11‐00‐5 Chavez Connie 42,439 121,488 163,927 7,886.43 20.79:1
518‐203‐12‐00‐8 Hernandez Jose De Jesus 31,830 141,610 173,440 7,886.43 21.99:1
518‐203‐14‐00‐4 Rupe Ricky L Jr 42,439 163,398 205,837 7,886.43 26.10:1
518‐203‐15‐00‐7 Cota Silviano M 41,422 144,977 186,399 7,886.43 23.64:1
518‐203‐16‐00‐0 Acoba Rixon Lauro G & Leia Judith Parubrub 32,466 165,348 197,814 7,886.43 25.08:1
518‐203‐17‐00‐3 Gonzalez Jose R 31,830 142,177 174,007 7,886.43 22.06:1
518‐203‐18‐00‐6 Bishop Frank E Jr & Stormy 31,830 142,708 174,538 7,886.43 22.13:1
518‐203‐19‐00‐9 Gomez Pedro Guardado & De Guardado Gloria B 44,154 129,154 173,308 7,886.43 21.98:1
518‐203‐20‐00‐1 Gonzales Abran 44,154 164,480 208,634 7,886.43 26.45:1
518‐203‐21‐00‐4 Terrazas Jesse 44,487 197,887 242,374 7,886.43 30.73:1
518‐203‐22‐00‐7 Rojas Dianne 32,466 166,666 199,132 7,886.43 25.25:1
518‐203‐23‐00‐0 Ramos Santos 31,830 126,262 158,092 7,886.43 20.05:1
518‐203‐24‐00‐3 Vorderbruegge David & Loma P 31,830 119,364 151,194 7,886.43 19.17:1
518‐203‐25‐00‐6 Ammerman Fred William 36,967 149,457 186,424 7,886.43 23.64:1
518‐203‐26‐00‐9 Moreno Guadalupe 50,000 178,500 228,500 7,886.43 28.97:1
518‐203‐27‐00‐2 Gonzalez Ana D 34,327 141,536 175,863 7,886.43 22.30:1
518‐203‐28‐00‐5 Pena Raymundo A 42,249 130,973 173,222 7,886.43 21.96:1
518‐203‐29‐00‐8 Alvarez Arnulfo & Velazquez Maria I 31,830 143,238 175,068 7,886.43 22.20:1
518‐203‐30‐00‐0 Bejar Ignacio Javier 31,686 163,716 195,402 7,886.43 24.78:1
518‐203‐31‐00‐3 Ortega Noe A & Sonia M 36,967 163,188 200,155 7,886.43 25.38:1
518‐203‐32‐00‐6 Mejia Joe 31,686 154,739 186,425 7,886.43 23.64:1
518‐203‐33‐00‐9 Eccleston Olivia 31,830 137,403 169,233 7,887.66 21.46:1
518‐211‐01‐00‐5 Hurtado Antonio A & Arroyo Rosa E 50,000 165,000 215,000 447.88 480.04:1
518‐211‐02‐00‐8 Samaniego Steve 40,800 179,520 220,320 447.88 491.92:1
518‐211‐03‐00‐1 Lopez Rosa L & Martinez Tereso L 40,800 176,460 217,260 447.88 485.09:1
518‐211‐04‐00‐4 Barragan Maria Del Socorro 40,800 174,420 215,220 447.88 480.53:1
518‐211‐05‐00‐7 Lenox Homes 16,900 0 16,900 447.88 37.73:1
518‐211‐06‐00‐0 Gaston George E & Alma R 51,000 153,000 204,000 447.88 455.48:1
518‐211‐07‐00‐3 Lenox Homes 16,900 0 16,900 447.88 37.73:1
518‐211‐08‐00‐6 Lopez James 51,000 159,120 210,120 447.88 469.14:1
518‐211‐09‐00‐9 Jauregui Domingo 40,800 174,420 215,220 447.88 480.53:1
518‐211‐10‐00‐1 Roque Roxanne K 40,800 218,280 259,080 447.88 578.46:1
Annual Disclosure Report FY Ended June 30, 2017 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 51,000 161,160 212,160 447.88 473.70:1
518‐211‐12‐00‐7 Wilson Jatoya Marie 51,000 161,160 212,160 447.88 473.70:1
518‐211‐13‐00‐0 Rojano Jose 50,000 155,000 205,000 447.88 457.71:1
518‐211‐14‐00‐3 Gallardo Odilia Patricia 40,800 176,460 217,260 447.88 485.09:1
518‐211‐15‐00‐6 Briceno Liliana Yesenia 51,000 172,380 223,380 447.88 498.75:1
518‐211‐16‐00‐9 Tabelisma Owen T 51,000 214,200 265,200 447.88 592.12:1
518‐212‐01‐00‐2 Bastardo Christopher A 40,800 202,980 243,780 447.88 544.30:1
518‐212‐02‐00‐5 Lenox Homes 16,900 0 16,900 447.88 37.73:1
518‐212‐03‐00‐8 Lenox Homes 16,900 0 16,900 447.88 37.73:1
518‐212‐04‐00‐1 Lenox Homes 16,900 0 16,900 447.88 37.73:1
518‐212‐05‐00‐4 Lenox Homes 16,900 0 16,900 447.88 37.73:1
518‐212‐06‐00‐7 Lenox Homes 16,900 0 16,900 447.88 37.73:1
518‐212‐07‐00‐0 Hartman John G & Kathy 40,800 193,800 234,600 447.88 523.80:1
518‐212‐08‐00‐3 Marmolejo Marcos Raymond & Lupita 40,800 194,820 235,620 447.88 526.08:1
518‐212‐09‐00‐6 Lenox Homes 16,900 143,000 159,900 447.88 357.02:1
518‐212‐10‐00‐8 Garcia Mike A 50,000 161,000 211,000 447.88 471.11:1
518‐212‐11‐00‐1 Lenox Homes 16,900 0 16,900 447.88 37.73:1
518‐212‐12‐00‐4 Lenox Homes 16,900 0 16,900 447.88 37.73:1
518‐213‐01‐00‐9 Lenox Homes 16,900 133,000 149,900 447.88 334.69:1
518‐213‐02‐00‐2 Lenox Homes 16,900 0 16,900 447.88 37.73:1
518‐213‐03‐00‐5 Lenox Homes 16,900 0 16,900 447.88 37.73:1
518‐213‐04‐00‐8 Lenox Homes 16,900 0 16,900 447.88 37.73:1
518‐213‐05‐00‐1 Lenox Homes 16,900 0 16,900 447.88 37.73:1
518‐213‐06‐00‐4 Lenox Homes 16,900 0 16,900 447.88 37.73:1
518‐213‐07‐00‐7 Lenox Homes 16,900 0 16,900 447.88 37.73:1
518‐213‐08‐00‐0 Lenox Homes 16,900 0 16,900 447.88 37.73:1
518‐213‐09‐00‐3 Lenox Homes 16,900 0 16,900 447.88 37.73:1
518‐213‐10‐00‐5 Jeremy Willer Constr Inc 43,000 0 43,000 447.88 96.01:1
518‐213‐11‐00‐8 Jeremy Willer Constr Inc 43,000 0 43,000 447.88 96.01:1
518‐213‐12‐00‐1 Jeremy Willer Constr Inc 43,000 0 43,000 447.88 96.01:1
518‐213‐13‐00‐4 Jeremy Willer Constr Inc 43,000 0 43,000 447.88 96.01:1
518‐213‐14‐00‐7 Jeremy Willer Constr Inc 43,000 0 43,000 447.88 96.01:1
518‐213‐15‐00‐0 Avina Rafael Jr & De Avina Gabriela T 50,000 152,000 202,000 447.88 451.01:1
518‐213‐16‐00‐3 Lenox Homes 16,900 143,820 160,720 447.88 358.85:1
246 Parels $10,511,840 $34,149,966 $44,661,806 $1,350,000.10 33.08:1
Annual Disclosure Report FY Ended June 30, 2017 B‐5
Annual Disclosure Report, FY Ended June 30, 2017
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
17,146.88
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
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
0.00
188,293.76
0.00
186,287.50
0.00
183,912.50
0.00
181,168.76
0.00
0.00
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
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
11,615.63
11,615.63
5,900.00
5,900.00
Annual Disclosure Report, FY Ended June 30, 2017 C ‐ 1