HomeMy WebLinkAboutAD No. 07-2 Disclosure Report 2017 - 18CITY 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, 2018
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, 2018
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, 2018
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, 2018, 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, 2018, are described as follows:
Table 1
PRINCIPAL OUTSTANDING
AS OF SEPTEMBER 3, 2018
ISSUE PRINCIPAL OUTSTANDING
Limited Obligation Bonds AD No.
07-2 (Sydney Harbour) $1,265,000
During Fiscal Year 2017/18 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, 2018, 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, 2018
DESCRIPTION
FUND ACCOUNT
BALANCE
Improvement Fund $0.00
Redemption Fund $196,721.54
Annual Disclosure Report, FY Ended June 30, 2018
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, 2018
DESCRIPTION AMOUNT
Special Reserve Fund Balance $193,190.89
Special Reserve Fund Requirement 188,293.75
Special Reserve Fund Surplus/(Shortfall) $4,897.14
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, 2018.
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, 2018
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 $2,200.38 12/10/2016
518-212-02-00-5 39.87 04/10/2018
518-212-04-00-1 39.87 04/10/2018
3 Parcels $2,280.12
Source: City of Bakersfield as compiled by Koppel & Gruber Public Finance
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
1 Delinquent Amount includes assessment principal and interest delinquent as of December 31, 2018, 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, 2018 (or any delinquencies after December 31, 2018), or to stop the
foreclosure.
Annual Disclosure Report, FY Ended June 30, 2018 A ‐ 1
Annual Disclosure Report, FY Ended June 30, 2018
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 K HOVNANIANS ASPIRE AT UN VILLAGE LLC $880,000 $0 $880,000 $27,858.22 31.59:1
518-040-30-00-3 K HOVNANIANS ASPIRE AT UN VILLAGE LLC 1,147,000 0 1,147,000 36,309.25 31.59:1
518-171-01-00-4 ROSALES NICHOLAS 42,250 205,970 248,220 420.36 590.49:1
518-171-02-00-7 MERCADO FILIBERTO L & LOPEZ AIDA S DE 42,250 183,789 226,039 420.36 537.73:1
518-171-03-00-0 TREJO CARLOS S 42,250 177,452 219,702 420.36 522.65:1
518-171-04-00-3 FUENTES JAIRO B A 42,250 188,014 230,264 420.36 547.78:1
518-171-05-00-6 HERALDEZ MONICA 42,250 207,027 249,277 420.36 593.01:1
518-171-06-00-9 ESCOBEDO IVAN & JACQUELINE 47,530 186,957 234,487 420.36 557.82:1
518-171-07-00-2 ZUNIGA MANUEL ANTONIO 42,250 193,295 235,545 420.36 560.34:1
518-171-08-00-5 RAMIREZ PETER ANTHONY 42,250 184,318 226,568 420.36 538.99:1
518-171-09-00-8 SARMIENTO JOSE A & JUANA S 42,250 188,014 230,264 420.36 547.78:1
518-171-10-00-0 ELIAS JOSE M 42,250 179,563 221,813 420.36 527.67:1
518-171-11-00-3 CHAVEZ BENINO 42,250 195,408 237,658 420.36 565.37:1
518-172-01-00-1 ALFARO ELIAS N 41,616 197,676 239,292 420.36 569.25:1
518-172-02-00-4 MEDINA EUSEBIO MEDINA & REYNA GARCIA 52,020 196,635 248,655 420.36 591.53:1
518-172-03-00-7 CORONA JOSE R 42,250 175,339 217,589 420.36 517.63:1
518-172-04-00-0 PARRA JUAN CARLOS 43,093 183,151 226,244 420.36 538.21:1
518-172-05-00-3 IMBELLONI JOHN M & LEIST JESSICA R 43,093 203,621 246,714 420.36 586.91:1
518-172-06-00-6 PEREZ LETICIA G & VARGAS JUAN A 41,616 208,080 249,696 420.36 594.01:1
518-172-07-00-9 TREVINO MANUEL J & BARAJAS OFELIA 42,250 226,040 268,290 420.36 638.24:1
518-172-08-00-2 MORENO MERCEDES 41,616 205,999 247,615 420.36 589.05:1
518-172-09-00-5 CANUTO ANTHONY RUBEN 42,250 189,070 231,320 420.36 550.29:1
518-172-10-00-7 OCEGUEDA ADAN & MARIA 42,250 226,040 268,290 420.36 638.24:1
518-172-11-00-0 GONZALES DAVID 42,250 205,970 248,220 420.36 590.49:1
518-172-12-00-3 RAMIREZ RAMON V & FRAUSTO MARIA G RAMIREZ 42,250 207,554 249,804 420.36 594.26:1
518-172-13-00-6 CASTANEDA JOSE A & URUETA MARIA T 42,250 199,105 241,355 420.36 574.16:1
518-172-14-00-9 GUANDIQUE DOLORES S V & SONIA MARITZA 52,812 193,295 246,107 420.36 585.47:1
518-172-15-00-2 JACKSON JOSEPH MARVIN 52,812 179,563 232,375 420.36 552.80:1
518-172-16-00-5 GUTIERREZ DANIEL JR 41,616 175,827 217,443 420.36 517.28:1
518-172-17-00-8 NAPIER TERRY W & TERESA A 52,812 189,070 241,882 420.36 575.42:1
518-175-40-00-5 TARINA HOMES INC 1,000,000 0 1,000,000 18,464.72 54.16:1
518-176-17-00-6 PEREZ RAUL S HERNANDEZ JR 42,250 192,239 234,489 420.36 557.83:1
518-176-18-00-9 BULAT MARCUS & NANCY RUBI 43,093 208,151 251,244 420.36 597.69:1
518-176-19-00-2 RIVAS RICARDO & MARIA ELIZABETH 43,093 177,764 220,857 420.36 525.40:1
518-176-20-00-4 ULTRERAS MARIO 42,250 197,520 239,770 420.36 570.39:1
518-176-21-00-7 LYNCH DEWAYNE & TRACY 42,250 182,733 224,983 420.36 535.22:1
518-176-22-00-0 VILLALOBOS JAVIER JR 42,250 179,035 221,285 420.36 526.42:1
518-176-23-00-3 ALBERTO LUIS 51,000 159,120 210,120 420.36 499.86:1
518-176-24-00-6 HERNANDEZ JOSE DE JESUS RUIZ 43,093 187,460 230,553 420.36 548.47:1
518-176-25-00-9 AHUMADA ERIKA 51,000 161,160 212,160 420.36 504.71:1
518-176-26-00-2 TENA HOOVER M 43,093 185,306 228,399 420.36 543.34:1
518-176-27-00-5 CARRILLO CANDELARIA B & BANUELOS ERIKA A O 42,250 177,452 219,702 420.36 522.65:1
518-176-28-00-8 VALENCIA JORGE MENDEZ 52,020 164,383 216,403 420.36 514.80:1
518-176-29-00-1 BARAJAS JESUS E 42,250 192,239 234,489 420.36 557.83:1
518-176-30-00-3 GONZALES FRANCISCO J & ARTEAGA LORENA 42,250 183,789 226,039 420.36 537.73:1
518-176-31-00-6 JIMENEZ ERIK & MARIA DEL R Q 52,812 171,114 223,926 420.36 532.70:1
518-176-32-00-9 GONZALEZ JORGE L 42,250 208,084 250,334 420.01 596.02:1
518-191-01-00-0 MARING DARRYL ROBERT & JESSICA 32,466 165,583 198,049 7,389.51 26.80:1
518-191-02-00-3 DE LOPEZ FRANCISO X & VERONICA C 32,319 136,285 168,604 7,389.51 22.82:1
518-191-03-00-6 PEREZ DAVID CHAVEZ & MARTINEZ ESMERALDA MORA 43,093 138,979 182,072 7,389.51 24.64:1
518-191-04-00-9 CARDONA ERNESTO 37,706 135,746 173,452 7,389.51 23.47:1
518-191-05-00-2 MENCHACA BRIAN C & RAMIREZ ROSEMARY 37,706 146,520 184,226 7,389.51 24.93:1
518-191-06-00-5 CAMPOS JONATHAN HERNANDEZ 32,319 176,148 208,467 7,389.51 28.21:1
518-191-07-00-8 PRADO GUSTAVO & MEJIA NELIDA 51,000 157,080 208,080 7,389.51 28.16:1
518-191-08-00-1 GUITRON DAVID & LAURA 32,466 134,739 167,205 7,389.51 22.63:1
518-191-09-00-4 CORTEZ LUIS H & YVONNE Y 32,466 145,020 177,486 7,389.51 24.02:1
518-191-10-00-6 AYALA ANNA 32,466 134,197 166,663 7,389.51 22.55:1
518-191-11-00-9 RODRIGUEZ DUANE A FLORES 32,466 141,773 174,239 7,389.51 23.58:1
518-191-12-00-2 MEZA ADAM & ELIZABETH 39,406 129,486 168,892 7,389.51 22.86:1
518-191-13-00-5 THOMAS ELENA A 37,706 131,976 169,682 7,389.51 22.96:1
518-191-14-00-8 GUZMAN LAURA M 33,777 135,115 168,892 7,389.51 22.86:1
518-191-15-00-1 FERNANDEZ ISIDORO ORTIZ 33,777 135,115 168,892 7,389.51 22.86:1
518-191-16-00-4 FLORES GUILLERMO DE JESUS 48,000 143,000 191,000 7,389.51 25.85:1
518-191-17-00-7 SCOTT LORETTA LENELL 50,000 140,000 190,000 7,389.51 25.71:1
518-191-18-00-0 PEREZ YEZENIA 32,466 91,989 124,455 7,389.51 16.84:1
518-191-19-00-3 BARRERA FRANCISCO 42,250 165,832 208,082 7,389.51 28.16:1
518-191-20-00-5 DIAZ LUIS J & ROCIO 33,115 120,324 153,439 7,389.51 20.76:1
518-191-21-00-8 OLVERA DIONICIO ROMERO 37,706 153,524 191,230 7,389.51 25.88:1
518-191-22-00-1 HALL ROBERT KEVIN 33,777 136,804 170,581 7,389.51 23.08:1
APPENDIX B
City of Bakersfield
Assessment District No. 07-2
Value-to-Lien By Parcel
Annual Disclosure Report, FY Ended June 30, 2018 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
518-191-23-00-4 CELIS JOSE A & ROSALVA 43,287 117,421 160,708 7,389.51 21.75:1
518-191-24-00-7 CLARK DELMAR J 51,046 153,149 204,195 7,389.51 27.63:1
518-191-25-00-0 GONZALEZ IGNACIO CALDERON 33,115 82,791 115,906 7,389.51 15.69:1
518-191-26-00-3 LEY ALMA LORENA 51,000 147,900 198,900 7,389.51 26.92:1
518-191-27-00-6 PEREZ DIEGO & MARYLOU 33,115 82,442 115,557 7,389.51 15.64:1
518-191-28-00-9 CEJA MIGUEL ANGEL 58,000 175,000 233,000 7,389.51 31.53:1
518-191-29-00-2 CHICCA KRISTEN 50,000 151,000 201,000 7,389.51 27.20:1
518-191-30-00-4 AKITAYA JOVAN 50,000 148,000 198,000 7,389.51 26.79:1
518-191-31-00-7 RUELAS ERASMO ROBLES 41,616 85,312 126,928 7,389.51 17.18:1
518-191-32-00-0 MARTINEZ CHRISTOPHER 51,000 158,100 209,100 7,389.51 28.30:1
518-191-33-00-3 DE LUNA RICARDO & LOPEZ MERCEDES D 48,000 145,000 193,000 7,389.51 26.12:1
518-191-34-00-6 PEREZ ISRAEL MONTES & MONTES LUZ AURORA 52,020 179,989 232,009 7,389.51 31.40:1
518-191-35-00-9 RUBALCADO HENRY T & ANNABELLE 56,000 168,000 224,000 7,389.51 30.31:1
518-191-36-00-2 RIVERA JOE & KADE 33,777 149,355 183,132 7,389.51 24.78:1
518-191-37-00-5 SANTOS YONY 37,706 152,984 190,690 7,389.51 25.81:1
518-191-38-00-8 MANJARREZ DE CHACON MELINA L 51,000 173,400 224,400 7,389.51 30.37:1
518-191-39-00-1 FRENCH JASON D 42,250 144,707 186,957 7,389.51 25.30:1
518-191-40-00-3 AMER HOMES 4 RENT PROP FIVE LLC 37,706 166,990 204,696 7,389.51 27.70:1
518-191-41-00-6 FIGUEROA HUMBERTO & EVA 45,376 180,376 225,752 7,389.51 30.55:1
518-191-42-00-9 ORNELAS MARTIN & ANGELICA 52,020 154,499 206,519 7,389.51 27.95:1
518-191-43-00-2 SALDIVAR JESUS & CECILIA 51,000 152,000 203,000 7,389.51 27.47:1
518-191-44-00-5 CHAVEZ CORNELIO O & DE OROZCO ORALLA L 50,000 135,000 185,000 7,389.51 25.04:1
518-191-45-00-8 CAZARES MARIA G 51,000 117,300 168,300 7,389.51 22.78:1
518-191-46-00-1 YANEZ MARTHA I CANUL 39,703 140,669 180,372 7,389.51 24.41:1
518-191-47-00-4 ZAMUDIO HUMBERTO RAMOS 33,777 136,242 170,019 7,389.51 23.01:1
518-191-48-00-7 LIVINGSTONE DONNA L 54,000 161,000 215,000 7,389.51 29.10:1
518-191-49-00-0 BECERRA SERGIO 33,115 88,310 121,425 7,389.51 16.43:1
518-191-50-00-2 HERNANDEZ ANTONIO S & DE HERNANDEZ ROSA M R 43,093 150,830 193,923 7,389.51 26.24:1
518-191-51-00-5 MORALES ALEXANDER 37,706 158,910 196,616 7,389.51 26.61:1
518-191-52-00-8 GUZMAN AURELIO 41,616 126,928 168,544 7,389.51 22.81:1
518-191-53-00-1 AYALA RAFAEL & CONTRERAS OFELIA 44,000 133,000 177,000 7,389.51 23.95:1
518-191-54-00-4 RUIZ MARIANA RIVERA 51,000 122,400 173,400 7,389.51 23.47:1
518-191-55-00-7 SENCIO REYNALDO & ELEANOR 37,706 163,219 200,925 7,389.51 27.19:1
518-192-01-00-7 RODRIGUEZ JOSE L 33,115 154,545 187,660 7,389.51 25.40:1
518-192-02-00-0 GONZALEZ ALEJANDRO 32,466 156,925 189,391 7,389.51 25.63:1
518-192-03-00-3 THOMAS JAMES 32,466 143,939 176,405 7,389.51 23.87:1
518-192-04-00-6 RODRIGUEZ KEVIN ALLEN 32,466 161,254 193,720 7,389.51 26.22:1
518-192-05-00-9 WRIGHT DARLENE DUNHAM 37,706 152,984 190,690 7,389.51 25.81:1
518-192-06-00-2 GONZALEZ STEVEN M 32,319 158,910 191,229 7,389.51 25.88:1
518-192-07-00-5 PEREZ EMMANUEL 37,706 157,833 195,539 7,389.51 26.46:1
518-192-08-00-8 LOPEZ JAIME M & YARELI A 51,000 169,320 220,320 7,389.51 29.82:1
518-192-09-00-1 FERNANDEZ FERNANDO 42,250 132,032 174,282 7,389.51 23.59:1
518-192-10-00-3 HERNANDEZ JESUS A 51,000 132,600 183,600 7,389.51 24.85:1
518-192-11-00-6 RIVERA JOSE H & MARIA R 33,777 103,025 136,802 7,389.51 18.51:1
518-192-12-00-9 NORMAN TERESA CLAIRE TRUST 51,000 151,000 202,000 7,389.51 27.34:1
518-192-13-00-2 DELAHUERTA RYAN ANDRE 32,466 147,186 179,652 7,389.51 24.31:1
518-192-14-00-5 HARTFORD MARIBEL FLORES 37,706 163,219 200,925 7,389.51 27.19:1
518-192-15-00-8 BARRERA SANTOS FELIX MACEDO 37,706 163,219 200,925 7,389.51 27.19:1
518-192-16-00-1 VALENCIA JOSE ANTONIO LOPEZ 37,706 148,136 185,842 7,389.51 25.15:1
518-192-17-00-4 LEON IGNACIO & MARIA DE LA LUZ 37,706 152,446 190,152 7,389.51 25.73:1
518-192-18-00-7 HIGUERA ADALBERTO CERVANTES 32,319 163,758 196,077 7,389.51 26.53:1
518-192-19-00-0 GARAY JORGE JR 37,706 166,282 203,988 7,389.51 27.61:1
518-192-20-00-2 CARDENAS ZENIA 43,093 149,750 192,843 7,389.51 26.10:1
518-192-21-00-5 CASTELLANO MATTHEW G 43,093 135,209 178,302 7,389.51 24.13:1
518-192-22-00-8 CESENAS BRANDON RAY 37,706 218,704 256,410 7,389.51 34.70:1
518-192-23-00-1 MORALES JESSE C JR 37,706 163,219 200,925 7,389.51 27.19:1
518-192-24-00-4 KORIN YAHYA MOHAMED 37,706 224,522 262,228 7,389.51 35.49:1
518-192-25-00-7 TABELISMA ERICKSON DINIEGA 43,093 153,524 196,617 7,389.51 26.61:1
518-192-27-00-3 DOMINGUEZ ALBERTO & CHRISTINA 37,706 218,164 255,870 7,389.51 34.63:1
518-192-28-00-6 RODRIGUEZ JUAN C & MARIVEL 41,616 162,302 203,918 7,389.51 27.60:1
518-192-29-00-9 ALCALA JUAN R GARCIA 43,093 138,979 182,072 7,389.51 24.64:1
518-192-30-00-1 VILLANUEVA ABEL & HERMINIA 43,093 141,134 184,227 7,389.51 24.93:1
518-192-31-00-4 CATON JAMISON TYLER 43,287 134,739 178,026 7,389.51 24.09:1
518-192-32-00-7 RUVALCABA EFREN MUNOZ 32,319 151,369 183,688 7,389.93 24.86:1
518-201-01-00-2 MENDOZA MERCED & YOLANDA 37,706 148,136 185,842 7,389.51 25.15:1
518-201-02-00-5 HERNANDEZ EMERITA D GARCIA 50,000 155,000 205,000 7,389.51 27.74:1
518-201-03-00-8 ROBERSON ERIK ANTHONY 43,093 151,908 195,001 7,389.51 26.39:1
518-201-04-00-1 HERNANDEZ RUTH SELENE 43,093 145,442 188,535 7,389.51 25.51:1
Annual Disclosure Report, FY Ended June 30, 2018 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
518-201-05-00-4 PAVON LUIS J A 50,000 162,000 212,000 7,389.51 28.69:1
518-201-06-00-7 BRAVO MARCELO 32,466 156,925 189,391 7,389.51 25.63:1
518-201-07-00-0 RODRIGUEZ ERNESTO A & SILVIA F 43,093 151,908 195,001 7,389.51 26.39:1
518-202-03-00-5 SOTO CAMBRYN 32,466 145,020 177,486 7,389.51 24.02:1
518-202-04-00-8 PEREZ PEDRO CUEVAS & OCHOA MARIA A GARCIA 32,466 119,046 151,512 7,389.51 20.50:1
518-202-05-00-1 SECY OF HOUSING & URBAN DEV 45,900 125,460 171,360 7,389.51 23.19:1
518-202-06-00-4 PEREZ LUIS A 51,000 131,580 182,580 7,389.51 24.71:1
518-202-07-00-7 REVELES JOSE LUIS 32,319 149,214 181,533 7,389.51 24.57:1
518-202-08-00-0 GARCIA ALBERT L 33,777 144,122 177,899 7,389.51 24.07:1
518-202-09-00-3 SINGH NAZAR & KAUR RANJIT 32,466 137,985 170,451 7,389.51 23.07:1
518-202-10-00-5 TRY TOUCH BAK LLC 42,250 116,188 158,438 7,389.51 21.44:1
518-202-11-00-8 LOPEZ JOSE M BALLESTEROS 37,706 152,446 190,152 7,389.51 25.73:1
518-202-12-00-1 RAMOS CARLOS 32,466 146,645 179,111 7,389.51 24.24:1
518-202-13-00-4 MENDOZA JOSE J & CISNEROS DE MENDOZA LORENA 51,000 145,860 196,860 7,389.51 26.64:1
518-202-14-00-7 ARRENDONDO ISAIS 43,287 134,197 177,484 7,389.51 24.02:1
518-202-15-00-0 RODRIGUEZ LUIS ALBERTO 45,376 140,669 186,045 7,389.51 25.18:1
518-202-16-00-3 SALAS MIGUEL & FRANCISCA 51,000 102,000 153,000 7,389.51 20.71:1
518-202-17-00-6 FERNANDEZ JOSE L 45,376 124,925 170,301 7,389.51 23.05:1
518-202-18-00-9 MAGANA EDGAR R 51,000 132,600 183,600 7,389.51 24.85:1
518-202-19-00-2 SANCHEZ LUIS 37,706 150,830 188,536 7,389.51 25.51:1
518-202-20-00-4 MACIAS CARLOS 45,376 138,400 183,776 7,389.51 24.87:1
518-202-21-00-7 URREA DEMETRIO 45,376 142,936 188,312 7,389.51 25.48:1
518-202-22-00-0 YANEZ CAROL 45,376 140,669 186,045 7,389.51 25.18:1
518-202-23-00-3 ALVAREZ ALBERTO JR 52,020 132,130 184,150 7,389.51 24.92:1
518-202-24-00-6 ACEVES MIGUEL A 45,376 121,385 166,761 7,389.51 22.57:1
518-202-25-00-9 NAVARRO KENNY W 45,376 113,442 158,818 7,389.51 21.49:1
518-202-26-00-2 HERNANDEZ JOSE L JR 45,376 125,922 171,298 7,389.51 23.18:1
518-202-27-00-5 LOPEZ BIBIANA 33,115 156,200 189,315 7,389.51 25.62:1
518-202-28-00-8 AGUIRRE PLACIDO MARTINEZ & PATRICIA 43,093 157,833 200,926 7,389.51 27.19:1
518-202-29-00-1 HERNANDEZ JOSUE ALCANTARA 43,093 148,136 191,229 7,389.51 25.88:1
518-202-30-00-3 BARRIOS JOSHUA & ROSALES ALEJANDRA PONCE 42,000 125,000 167,000 7,389.51 22.60:1
518-202-31-00-6 LEON JUAN CARLOS 32,319 171,838 204,157 7,389.51 27.63:1
518-202-32-00-9 RAMOS JULIO A 43,093 148,676 191,769 7,389.51 25.95:1
518-203-01-00-6 AGUILAR ELIZABETH & JESUS 39,406 199,297 238,703 7,389.51 32.30:1
518-203-02-00-9 RUIZ CALIXTO JESUS PEREZ 44,153 154,545 198,698 7,389.51 26.89:1
518-203-03-00-2 ESTRADA LEONCIO & JUANITA 45,037 168,895 213,932 7,389.51 28.95:1
518-203-04-00-5 GONZALEZ LETICIA 32,466 140,692 173,158 7,389.51 23.43:1
518-203-05-00-8 GONZALEZ FLORENCIO 28,148 173,398 201,546 7,389.51 27.27:1
518-203-06-00-1 HERNANDEZ PEDRO 33,777 165,516 199,293 7,389.51 26.97:1
518-203-07-00-4 VEGA TOMAS 43,287 118,310 161,597 7,389.51 21.87:1
518-203-08-00-7 SANTACRUZ SERGIO 32,466 140,692 173,158 7,389.51 23.43:1
518-203-09-00-0 THURMAN MONIQUE ANGELIQUE & ROBERSON JAMES C 32,466 140,151 172,617 7,389.51 23.36:1
518-203-10-00-2 CABRERA MARTHA A C 43,287 124,458 167,745 7,389.51 22.70:1
518-203-11-00-5 CHAVEZ CONNIE 43,287 123,917 167,204 7,389.51 22.63:1
518-203-12-00-8 HERNANDEZ JOSE DE JESUS 32,466 144,441 176,907 7,389.51 23.94:1
518-203-14-00-4 RUPE RICKY L JR 43,287 166,665 209,952 7,389.51 28.41:1
518-203-15-00-7 COTA SILVIANO M 42,250 147,876 190,126 7,389.51 25.73:1
518-203-16-00-0 ACOBA RIXON LAURO G & LEIA JUDITH PARUBRUB 33,115 168,654 201,769 7,389.51 27.30:1
518-203-17-00-3 GONZALEZ JOSE R 32,466 145,020 177,486 7,389.51 24.02:1
518-203-18-00-6 BISHOP FRANK E JR & STORMY 32,466 145,562 178,028 7,389.51 24.09:1
518-203-19-00-9 GOMEZ PEDRO GUARDADO & DE GUARDADO GLORIA B 45,037 131,737 176,774 7,389.51 23.92:1
518-203-20-00-1 MACIAS ALEJANDRO A & ADAME DENISE M 50,000 177,000 227,000 7,389.51 30.72:1
518-203-21-00-4 FLORES ADRIAN JOSE 50,000 177,000 227,000 7,389.51 30.72:1
518-203-22-00-7 ROJAS DIANNE 33,115 169,999 203,114 7,389.51 27.49:1
518-203-23-00-0 RAMOS SANTOS 32,466 128,787 161,253 7,389.51 21.82:1
518-203-24-00-3 VORDERBRUEGGE DAVID & LORNA P 32,466 121,751 154,217 7,389.51 20.87:1
518-203-25-00-6 GARCIA WILVER 51,000 145,860 196,860 7,389.51 26.64:1
518-203-26-00-9 MORENO GUADALUPE 51,000 182,070 233,070 7,389.51 31.54:1
518-203-27-00-2 GONZALEZ ANA D 35,013 144,366 179,379 7,389.51 24.27:1
518-203-28-00-5 PENA RAYMUNDO A 43,093 133,592 176,685 7,389.51 23.91:1
518-203-29-00-8 ALVAREZ ARNULFO & VELAZQUEZ MARIA I 32,466 146,102 178,568 7,389.51 24.17:1
518-203-30-00-0 BEJAR IGNACIO JAVIER 32,319 166,990 199,309 7,389.51 26.97:1
518-203-31-00-3 BUNOT ROEL & ERLINDA 51,000 142,800 193,800 7,389.51 26.23:1
518-203-32-00-6 MEJIA JOE 32,319 157,833 190,152 7,389.51 25.73:1
518-203-33-00-9 ECCLESTON OLIVIA 32,466 140,151 172,617 7,390.74 23.36:1
518-211-01-00-5 HURTADO ANTONIO A & ARROYO ROSA E 51,000 168,300 219,300 420.38 521.67:1
518-211-02-00-8 SAMANIEGO STEVE 41,616 183,110 224,726 420.38 534.58:1
518-211-03-00-1 LOPEZ ROSA L & MARTINEZ TERESO L 41,616 179,989 221,605 420.38 527.15:1
Annual Disclosure Report, FY Ended June 30, 2018 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
518-211-04-00-4 BARRAGAN MARIA DEL SOCORRO 41,616 177,908 219,524 420.38 522.20:1
518-211-05-00-7 LERMA EMILIA 51,000 153,000 204,000 420.38 485.28:1
518-211-06-00-0 GASTON GEORGE E & ALMA R 52,020 156,060 208,080 420.38 494.98:1
518-211-07-00-3 GONZALEZ JESUS 51,000 164,220 215,220 420.38 511.97:1
518-211-08-00-6 LOPEZ JAMES 52,020 162,302 214,322 420.38 509.83:1
518-211-09-00-9 JAUREGUI DOMINGO 41,616 177,908 219,524 420.38 522.20:1
518-211-10-00-1 ROQUE ROXANNE K 41,616 222,645 264,261 420.38 628.62:1
518-211-11-00-4 LOBOS KEVIN JAMES 52,020 164,383 216,403 420.38 514.78:1
518-211-12-00-7 WILSON JATOYA MARIE 52,020 164,383 216,403 420.38 514.78:1
518-211-13-00-0 ROJANO JOSE 51,000 158,100 209,100 420.38 497.41:1
518-211-14-00-3 GALLARDO ODILIA PATRICIA 41,616 179,989 221,605 420.38 527.15:1
518-211-15-00-6 BRICENO LILIANA YESENIA 52,020 175,827 227,847 420.38 542.00:1
518-211-16-00-9 TABELISMA OWEN T 52,020 218,484 270,504 420.38 643.47:1
518-212-01-00-2 BASTARDO CHRISTOPHER A 41,616 207,039 248,655 420.38 591.50:1
518-212-02-00-5 JEREMY WILLER CONSTR INC 43,000 0 43,000 420.38 102.29:1
518-212-03-00-8 JEREMY WILLER CONSTR INC 43,000 0 43,000 420.38 102.29:1
518-212-04-00-1 JEREMY WILLER CONSTR INC 43,000 0 43,000 420.38 102.29:1
518-212-05-00-4 JEREMY WILLER CONSTR INC 43,000 0 43,000 420.38 102.29:1
518-212-06-00-7 JEREMY WILLER CONSTR INC 43,000 0 43,000 420.38 102.29:1
518-212-07-00-0 HARTMAN JOHN G & KATHY 41,616 197,676 239,292 420.38 569.23:1
518-212-08-00-3 MARMOLEJO MARCOS RAYMOND & LUPITA 41,616 198,716 240,332 420.38 571.70:1
518-212-09-00-6 ROSALES JOSE A & PATRICIA 51,000 170,340 221,340 420.38 526.52:1
518-212-10-00-8 GARCIA MIKE A 51,000 164,220 215,220 420.38 511.97:1
518-212-11-00-1 JEREMY WILLER CONSTR INC 43,000 36,000 79,000 420.38 187.93:1
518-212-12-00-4 GUERRERO VICTOR D 43,000 38,000 81,000 420.38 192.68:1
518-213-01-00-9 ORNELAS MAYRA & MADUENA THELMA LIZETTE 51,000 159,120 210,120 420.38 499.83:1
518-213-02-00-2 JEREMY WILLER CONSTR INC 43,000 53,000 96,000 420.38 228.36:1
518-213-03-00-5 MARTINEZ VANESSA M 43,000 53,000 96,000 420.38 228.36:1
518-213-04-00-8 MACIAS DANIEL JR 43,000 55,000 98,000 420.38 233.12:1
518-213-05-00-1 FELICIANO MANUAL J L III & ANA 43,860 142,000 185,860 420.38 442.12:1
518-213-06-00-4 FERNANDEZ FRANCISCO J GAMEZ 43,860 148,000 191,860 420.38 456.40:1
518-213-07-00-7 GONZALEZ JUAN A & LOZANO MARIA P 43,860 142,000 185,860 420.38 442.12:1
518-213-08-00-0 BONNER CHASE L 43,860 185,000 228,860 420.38 544.41:1
518-213-09-00-3 ROBERTS MISTY THOMAS 50,000 175,000 225,000 420.38 535.23:1
518-213-10-00-5 PEREZ MANUEL 50,000 185,000 235,000 420.38 559.02:1
518-213-11-00-8 MEZA JUANA Y TAMAYO 50,000 178,000 228,000 420.38 542.37:1
518-213-12-00-1 ROCHA JOSE CONCEPCION RAMIREZ 50,000 188,000 238,000 420.38 566.15:1
518-213-13-00-4 VALENZUELA LUIS 50,000 179,000 229,000 420.38 544.75:1
518-213-14-00-7 SIDHU JACK JR 50,000 189,000 239,000 420.38 568.53:1
518-213-15-00-0 AVINA RAFAEL JR & DE AVINA GABRIELA T 51,000 155,040 206,040 420.38 490.13:1
518-213-16-00-3 LEYVA ESMERALDA G 51,000 168,300 219,300 420.38 521.67:1
Total 246 Parcels $13,328,085 $37,246,936 $50,575,021 $1,265,000.10 39.98:1
2 The Remaining Assessment Amount is the principal balance after accounting for the September 2, 2018, debt service and bond call payments as reported by the City of Bakersfield Finance Department.
1 Owner Name, Assessed Land Value, Assessed Structure Value, Assessed Total Value is as shown on the County of Kern fiscal year 2018/19 Secured Tax Roll.
Annual Disclosure Report, FY Ended June 30, 2018 B ‐ 4
Annual Disclosure Report, FY Ended June 30, 2018
City of Bakersfield AD No. 07-2
Limited Obligation Improvement Bonds
7
APPENDIX C: DEBT SERVICE SCHEDULE
Payment Date Interest Rate Balance Principal Interest Payment Total Annual Total
Call
Premium
9/2/2008 4.250%$4,825,000.00 $0.00 $121,258.66 $121,258.66 $121,258.66 3.00%
3/2/2009 4,825,000.00 0.00 169,198.13 169,198.13 0.00 3.00%
9/2/2009 4.250%4,825,000.00 125,000.00 169,198.13 294,198.13 0.00 3.00%
9/2/2009 4,700,000.00 2,700,000.00 0.00 2,700,000.00 3,163,396.26
3/2/2010 2,000,000.00 0.00 70,875.00 70,875.00 0.00 3.00%
9/2/2010 4.550%2,000,000.00 55,000.00 70,875.00 125,875.00 196,750.00 3.00%
3/2/2011 1,945,000.00 0.00 69,623.75 69,623.75 0.00 3.00%
9/2/2011 4.800%1,945,000.00 60,000.00 69,623.75 129,623.75 199,247.50 3.00%
3/2/2012 1,885,000.00 0.00 68,183.75 68,183.75 0.00 3.00%
9/2/2012 5.150%1,885,000.00 60,000.00 68,183.75 128,183.75 196,367.50 3.00%
3/2/2013 1,825,000.00 0.00 66,638.75 66,638.75 0.00 3.00%
9/2/2013 5.350%1,825,000.00 65,000.00 66,638.75 131,638.75 0.00 3.00%
9/2/2013 1,760,000.00 125,000.00 0.00 125,000.00 323,277.50
3/2/2014 1,635,000.00 0.00 60,290.63 60,290.63 0.00 3.00%
9/2/2014 7.375%1,635,000.00 65,000.00 60,290.63 125,290.63 185,581.26 3.00%
3/2/2015 1,570,000.00 0.00 57,893.75 57,893.75 0.00 3.00%
9/2/2015 7.375%1,570,000.00 65,000.00 57,893.75 122,893.75 180,787.50 3.00%
3/2/2016 1,505,000.00 0.00 55,496.88 55,496.88 0.00 3.00%
9/2/2016 7.375%1,505,000.00 75,000.00 55,496.88 130,496.88 185,993.76 3.00%
3/2/2017 1,430,000.00 0.00 52,731.25 52,731.25 0.00 3.00%
9/2/2017 7.375%1,430,000.00 80,000.00 52,731.25 132,731.25 185,462.50 3.00%
3/2/2018 1,350,000.00 0.00 49,781.25 49,781.25 0.00 0.00%
9/2/2018 7.375%1,350,000.00 85,000.00 49,781.25 134,781.25 184,562.50 0.00%
3/2/2019 1,265,000.00 0.00 46,646.88 46,646.88 0.00 0.00%
9/2/2019 7.375%1,265,000.00 95,000.00 46,646.88 141,646.88 188,293.76 0.00%
3/2/2020 1,170,000.00 0.00 43,143.75 43,143.75 0.00 0.00%
9/2/2020 7.375%1,170,000.00 100,000.00 43,143.75 143,143.75 186,287.50 0.00%
3/2/2021 1,070,000.00 0.00 39,456.25 39,456.25 0.00 0.00%
9/2/2021 7.375%1,070,000.00 105,000.00 39,456.25 144,456.25 183,912.50 0.00%
3/2/2022 965,000.00 0.00 35,584.38 35,584.38 0.00 0.00%
9/2/2022 7.375%965,000.00 110,000.00 35,584.38 145,584.38 181,168.76 0.00%
3/2/2023 855,000.00 0.00 31,528.13 31,528.13 0.00 0.00%
9/2/2023 7.375%855,000.00 120,000.00 31,528.13 151,528.13 183,056.26 0.00%
3/2/2024 735,000.00 0.00 27,103.13 27,103.13 0.00 0.00%
9/2/2024 7.375%735,000.00 130,000.00 27,103.13 157,103.13 184,206.26 0.00%
3/2/2025 605,000.00 0.00 22,309.38 22,309.38 0.00 0.00%
9/2/2025 7.375%605,000.00 140,000.00 22,309.38 162,309.38 184,618.76 0.00%
3/2/2026 465,000.00 0.00 17,146.88 17,146.88 0.00 0.00%
9/2/2026 7.375%465,000.00 150,000.00 17,146.88 167,146.88 184,293.76 0.00%
3/2/2027 315,000.00 0.00 11,615.63 11,615.63 0.00 0.00%
9/2/2027 7.375%315,000.00 155,000.00 11,615.63 166,615.63 178,231.26 0.00%
3/2/2028 160,000.00 0.00 5,900.00 5,900.00 0.00 0.00%
9/2/2028 7.375%160,000.00 160,000.00 5,900.00 165,900.00 171,800.00 0.00%
Total $4,825,000.00 $6,948,553.76
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)
Annual Disclosure Report, FY Ended June 30, 2018 C ‐ 1