HomeMy WebLinkAbout05-1 Notice of Assessment & Bond SaleRECORDING REQUESTED BY
AND WHEN RECORDED RETURN TO:
City Clerk
City of Bakersfield
1501 Truxtun Avenue
Bakersfield, CA 93301
James W. Fitch Assessor-Recorder PATTI
Kern County Official ~iecords 71Iriy200<
Recorded at me Rgeest of 9;44 AM
City of 8ksfld Public Works
Does: p205315761
NOTICE OF ASSESSMENT
ASSESSMENT DISTRICT NO. 05-1
(CITY IN THE HILLS)
CITY OF BAKERSFIELD
Sfet Types: t Pages; 3
Pees - 13.D0
iaxes 0,00
Others 0.00
PAID - 513.00
Pursuant to the requirements of Section 3114 of the Streets and Highways Code of the
State of California, the undersigned City Clerk of the City of Bakersfield (the "City"),
California, hereby gives notice that a Diagram and Assessment were recorded in the office of the
Director of Public Works of the City, as provided in said Section 3114, and relating to the
following described property:
The lots, pieces or parcels of land as shown on the Assessment
Diagram for Assessment District No. OS-1 (City in the Hills), City
of Bakersfield, Kern County, California, which was filed for record
in the of"lice of the County Recorder of the County of Kern on, the
_.1~-__ day of/YOdf__ i?/ t~ 2005, in Book,~3 of Maps of
Assessment and Community Facilities Districts, at Pages /~
through./ inclusive, thereof.
NOTICE IS FURTHER GIVEN that upon the recording of this notice in the office of the
County Recorder, the individual assessments assessed upon the individual lots, pieces or parcels
of land shall become a lien upon the respective lots or portions of lots assessed, respectively.
Reference is made to the Assessment Diagram herein above referred to and the
Assessment Roll recorded in the office of the Director of Public Works of [he City. Said
Assessment Rall recorded in the office of the Director of Public Works of the City is referred to
in order to determine the amount of each assessment levied against each parcel of land shown
upon the Assessment Diagram for Assessment District No. OS-I (City in the Hills)
A list of the name or names of the assessed owners as they appear on the latest secured
assessment roll, or as known to the undersigned, is attached hereto as Exhibit A and made a part
hereof, together with a list of the amount of the assessment levied against each parcel of land as
set forth in the right-hand column of Exhibit A.
DOCSSF1:848594.I
40213-36 554
NOTICE IS FURTHER GNEN that, pursuant to Section 10204(f} of said Streets and
Highways Code, the Ciry Council of the City has reserved entitlement to impose an annual
assessment, which is in addition to the installment otherwise payable on account of each unpaid
assessment, to pay costs incurred by the City and not otherwise reimbursed which result from the
administration and collection of assessments or from the administration or registration of any
associated bonds and the reserve fund or other related funds for A.D. No. OS-1; provided that
such additional annual assessment shall not exceed the maximum amount of $50 per parcel of
land within A.D. No. OS-1, as established from time to time by the assessor's parcel maps of the
Kern County Assessor, as prescribed in the Final Engineer's Report for these assessment
proceedings, approved by resolution of the City Council on November 9, 2005, and on file in the
office of the Director of Public Works of the City.
Dated: November 9, 2005
~~ d ~Ytc
Pamela A. McCarthy
City Clerk
City of Bakersfield
(Attach One-Page, Confirmed Assessment Roll as Exhibit A)
DOCSSFL848594,1
40213-3b SS4 2
EXHIBIT A
CITY OF BAKERSFIELD ASSESSMENT DISTRICT NO.O5-1
COUNTY OF KERN, STATE OF CALIFORNIA
ASSESSMENT ROLL
ASMT '
~ ATNt DEVELOPMENT
i AREq
CONFIRMED
NO. ! DESCRIPTION
~! L DESCRIPTION ..
PROPERTYOWNER ASSESSMENT
AMOUNT
1 PORTIONS OF
i 531-010-40 AND 41 ! LOT 1 IN LOT LINE ADJUSTMENT NO.
~ 05-0480 {PORTIONS OF PARCELS 6 AND
~ REGENT LAND INVESTMENT
LLC
2
307
432
43
9 IN PARCEL MAP NO. 11013 , ,
,
.
2 POR 1 NS OF
531-01D 4Q 41, AN i i LOT 2 IN LOT LINE ADJUSTMENT NO.
OS-0480 {PORTIONS OF PARCELS 8
g
K. HOVNANW'N'S FOUR SEASONS AT
,
,
AND t01N PARCEL MAP NO. 11013
BAKERSFIELD, LLC 1,572,539.43
3 PORTIONS OF -LOT 31N LOT LINE ADJUSTMENT NO.
537-010-42 AND 43 05-0480 (PORTIONS OF PARCELS 10 AND REGENT LAND INVESTMEM, LLC 1
023
646.79
11 N PARCEL MAP NO. N073 ,
,
4 PORTIONS OF LOT 41N LOT LINE ADJUSTMENT NO.
531-010-42 AND 43 O~*0480 iPORTIONS OF PARCELS 10 ANp REGENT LAND INVESTMENT, LLC 690
088
74
11 IN PARCEL MAP NO. 11013 ,
.
5 PORTIONS OF
31-010
46
AND LOT 1 IN LOT LINE ADJUSTMENT NO.
,
47 ' 05-0550 {PORTIONS OF PARCELS 3, 6, REGENT LAND INVESTMENT, LLC 2
067
501.71
ANO71N PARCEL MAP NO. 11013 ,
,
6 PORTIONS OF I
537-010-45 AND 46' LOT 21N LOT LINE ADJUSTMENT NO.
05-0550 {PORTIONS OF PARCELS 6 AND K. HOVNANIAN AT ROSEMARY
i
7 IN PARCEL MAP NO. 11013 LANTANA, LLC 1,345,903.06
1
7 PORTIONS OF
37-010-45
46
AN LOT D IN LOT LINE ADJUSTMENT NO.
,
,
47 05-1188 (PORTIONS OF PARCELS 3, 6, MOUNTAIN VIEW BRAVO, LLC 1
934
468
27
AND 7 IN PARCEL MAP NO. 7]073 ,
,
.
8 PORTIONS OF
531-010-39 LOT A IN LOT LINE ADJUSTMENT NO.
05-0427 {PORTIONS OF PARCEL 21N D.R. HORTON LOS ANGELES
PARCEL MAP NO. 17013) HOLDING COMPANY, INC 1,063,306.20
9 53i-01044 ~ D. R. HORTON LOS ANGELES
I
PARCEL 51N PARCEL MAP NO.11013
HOLDING COMPANY, INC 2 252 198 71
10 PORTIONS OF LOT A IN LOT LINE ADJUSTMENT NO.
I
537-010-34 AND 35I 05-1788 (POR770N5 OF PARCELS 1 ANO MOUNTAIN VIEW BRAVO, LLC 91d
303.95
4 IN PARCEL MAP NO. 11073) ! ,
i 1 PORTIONS OF LOT B IN LOT LINE ADJUSTMENT NO.
I
531.010-29 AND 34
~ OS-1188 (PORTIONS OF PARCEL 41N MOUMAIN VIEW BRAVO, LLC 648
608.71
PARCEL MAP NO. 11073 ,
TOTAL CONFIRMED ASSESSMENT AMOUNT:
15,820,OOD.DD
miw nrvU OOCUMEM' REFERENCES
1. PARCEL MAP NO. tt013ftECOROED SEPTEMBER iB,2004, IN BOOK 53 OF PARCEL MAPS. AT PAGES i90 THROUGH 146, K.C.R.
2. CERTIFCATE OF COMPLIANCE FOR LOT LINE ADJUSTMENT NO.05-0427 RECORDED SEPTEMBER 9,ZOOS, AS DOCUMENTNO. 0205296719, O.R.
3. CERTIFICATE OF COMPL9WCE FOR LOT DNE ADJUSTMENT NO.OS-0480 RECORDED SEPTEMDER 28, 200.5, AS DOCUMENT N0.0205265792, O.
4. GERTIFlCATE OF COMPLDWCE FOR LOT LINE ADJUSTMENT NO.OS0550 RECORDED OCTOBER?4,2005. AS OOGUMENT N0.0205294020, O.R:
5. CERTIFICATE OF WMPLIANCE FOR LDT LINE ADJUSTMENT NO. OS7188 RECORDED NOVEMBER t, 2005, AS DOCUMENT N0.020530.93?9, O.R.
PREPARED BY:
WILSON 8 ASSOCIATES
FRESNO, CALIFORNIA
APPROVED BY: ~ ~ ~ y""~'~'
Fxp. 12/31/05 l*
29670EA ~ A-t
ll
U~
71(08/2005
City of Bakersfield
Assessment District No. OS-f
(City in the Hills)
Certificate of Mailine
The undersigned, Samuel A. Sperry, hereby certifies the following:
On December 13, 2005, the undersigned completed mailing a copy of the one-
page Notice of Assessment and Bond Sale, to which is attached the one-page
"Amended Assessment Roll," which attachment is identified as Exhibit A and is
referenced in the notice. A copy of said notice and the Amended Assessment Roll
attached thereto are attached to this certificate as Exhibit A.
2. An envelope containing the items listed in Paragraph 1 above was sent by first
class mail, postage prepaid, to the following persons:
Rick Curtis
Mo7mtain View Bravo, LLC
cto The S.K.Y. Companies
1544 South Sepulveda Boulevard, Suite 204
Los Angeles, CA 90025
J.R. Mosier
K.Hovnanian Four Seasons at Bakersfield, LLC
2525 Campus Drive
Irvine, CA 92612
Nathan D. Meeks
D.R. Horton Los Angeles Holding Company, Inc.
28009 Smyth Drive
Valencia, CA 91355
Jeffrey Dinkin
Regent Land Investment, LLC
450 North Roxbury Drive, Suite 600
Beverly Hills, CA 90210
Executed at San Francisco, California, on December 13, 2005.
1 declare under penalty of perjury that the fore mg is true and correct.
Samuel A. Spe
DOCSSF7:857076.1
402!3-3b SS4
NOTICE OF ASSESSMENT AND BOND SALE
ASSESSMENT DISTRICT NO.05-1
(CITY IN THE HILLS)
CITY OF BAKERSFIELD
TO THE PROPERTY OWNER FOR ASSESSMENT DISTRICT NO OS-1 {CITY IN THE HILLS):
The City of Bakersfield {the "City") has levied a special assessment against each of the pazcels identified by assessment number
and tax parcel number on the Amended Assessment Roll, attached hereto as Exhibit A, which assessments have been levied to
pay a portion of the authorized vests and expenses the public improvement project of the City's Assessment District No. OS-1
(City in the Hills), all as more fully itemized in the Engineer's Report, approved by resolufion of the City Council of the City on
November 9, 2005. The assessments were initially recorded in the total amount of $15,820,000 in the official records of the Kem
County Recorder on Novomber 11, 2005, and thereby became liens upon the respective parcels assessed.
It is presently anticipated that the City Councit will take action by resolution within the next several weeks to approve a reduction
in the principal amount of the individual assessments on the respective pazcels to reflect savings achieved in the bond sale, which
occurred last week on December 7, 2005. The reduced amount of the individual assessments, which now total $15,595,000, is set
forth on Exhibit A.
On the basis of written Waiver and Consent form executed by you and submitted to the City Clerk of the City, waiving the
opportunity to pay any portion of the assessments in cash, the City has dispensed with the cash payment period otherwise required
by law and has on December 7 concluded the sale to Stone & Youngberg LLC (the "Underwriter") of limited obligation
improvement bonds (the "Bonds") in a principal amount equal to $15,595,000, which is the reduced principal amount of the
assessments levied. Delivery of the Bonds to the Underwriter is scheduled for December 21, 2005. Assuming this schedule is
maintained, the first installment on account of the unpaid assessments will appear on the property tax roll for tax yeaz 2006-07.
Pursuant to subparagraph (t) of Section 10204 of the Calfomia Streets and Highways Code, the City has reserved entitlement to
impose an annual. assessment, which is in addition to the installment otherwise payable on account of each unpaid assessment, to
pay costs incurred by the City in administering the assessments and the bonds, provided that such annual administrative costs
cannot exceed $SOfor each parcel having an unpaid assessment.
Unless an assessment is paid off after bond issuance as described in the next paragraph, the number of years of installments will
be 2Q and the average interest rate, which was established by the bond sale, is 5.17% per annum,
You and your successors in interest in the ownership of the subject parcels will retain the right to pay off the assessment on any
pazcel at any time during the bond term by payment of the amount calculated in accordance with Section 8766 of the California
Streets and Highways Code, consisting of unpaid principal, a redemption premium, interest to the next available bond prepayment
date, and certain administrative costs incurred to prepay bonds with such prepayment proceeds, less a credit for the pro-rata
portion of the reserve fund. If you have any questions about this notice, phone john Stinson in the Public Works Department of
tle City at (661} 326-3592.
Dated: December 8, 2005 PAMELA MCCARTHY,
City Clerk
City of Bakersfield
(Attach One-Page Amended Assessment Roll as Exhibit A}
~xH'
Docssel:ss~a~s.l
90213-36 SS9
EXNIBITA
CITY OF BAKERSFIELD ASSESSMENT DISTRICT NO. QS-1
COUNTY OF KERN, STATE OF CALIFORNIA
AMENDED ASSESSMENT ROLL
DEVELOPMENT AMENDED '
ASMT ATNt AREA ~ ASSESSMENT I
NO.
DESCRIPTION
DESCRIPTION ~
PROPERTY OWNER .
AMOUNT '
~
1 PORTIONS OF LOT 1 IN LOT LINE ADJUSTMENT NO. ~ ~ ~ `
R I
531-010-40 AND 41 05-Od80 {PORTIONS OF PARCELS 8 ANp EGENT LAND INVESTMENT, LLC
- 2,274,614.93
9 IN PARCEL MAP NO. 11013)
2 PORTI NS OF
31-01040.41, AN LOT 2 IN LOT LINE ADJUSTMENT NO.
05-0480 {PORTIONS OF PARCELS B
9 K HOVNANIAMS FOUR SEASONS AT
1
550
173
99
42 ,
,
AND 10 IN PARCEL MAP NO. 17013 BAKERSFIELD, LLC ,
,
.
3 PORTIONS OF LOT 3 IN LOT LINE ADJUSTMENT NO.
531-010-42 AND 43 05-0'180 (PORTIONS OF PARCELS 70 AND REGENT LAND INVESTMENT, LLC 1,009,087.97
11 IN PARCEL MAP NO. 11013)
4 PORTIONS OF LOT 4 IN LOT LINE ADJUSTMENT NO.
531-010-02 AND 43
j IN P
C
~D REGENT LAND INVESTMENT, LLC 680,273.95
y
ARCEL MAP NO
11013)
5 PORTIONS OF
31-010-45
46
AN LOT i IN LOT LINE ADJUSTMENT NO.
REG
T
,
,
47 Og0550 (PORTIONS OF PARCELS 3, 6, EN
LAND INVESTMENT, LLC 2,038,096.67
AND 71N PARCEL MAP NO. 17073
6 PORTIONS OF LOT 21N LOT LINE ADJUSTMENT NO. K. HOVNANIAN AT ROSEMARY
531-010-45 AND 46 05-0550 {PORTIONS OF PARCELS 6 AND LANTANA
LLC 1,326,760.95
71N PARCEL MAP NO. 11013 ,
7 PORTIONS OF -
39-070-45, 46, AND LOT D IN LOT LINE ADJUSTMENT NO.
05-1188 (PORTIONS OF PARCELS 3
6
MOUNTAIN VIEW BRAVO, LLC
7,906
956.28
47 .
,
AND 71N PARCEL MAP NO. 77013 ,
8 PORTIONS OF LOT A IN LOT LINE ADJUSTMENT NO, D. R. NORTON LOS ANGELES
531-010.39 05-0427 {PORTIONS OF PARCEL 21N HOLDING COMPANY
INC 1,048.183.33
PARCEL MAP NO. 17013) ,
9 531-010-04 PARCEL 51N PARCEL MAP NO. 17013 D. R. NORTON LOS ANGELES
HOLDING COMPANY, INC 2220,167.$0
10 PORTIONS OF LOT A IN LOT LINE ADJUSTMENT NO.
531-010-34 AND 35
05'11 ~8NP
0 31 AND
MA
NO 1 MOUNTAIN VIEW BRAVO, LLC 901,300.26
PARCEI.
P
1
11 PORTIONS OF LOT B IN LOT LINE ADJUSTMENT NO.
531-010-29 AND 34
05-1188 (PO
0 3EL 4 IN
I
1 MOUNTAIN VIEW BRAVO, LLC 639,383.87
LL
MAP NO.
1
TOTAL AMENDED ASSESSMENT AMOUNT: 15,595,OOD.00
MAP AND DOCUMENT REFERENCES:
7. PARCEL MAP N0.17073 RECORDED SEPTEMBER 76.2004, iN BOOK 53 OF PARCEL MAP5. AT PAGES 730 THROUGH 746, KC.R
2 CERTIFCA7E OF COMPLIANCE FOR l0T DNE AO,IIISTMENT N0.05-0427 RECORDED SEPTEpiOER 9, 200.5, AS DOCUMENT N0.0205246779.OR
3. CERTIFICATE OF COMPLA4CE FOR LOT DNEADJUSTMENT N0.05-0460 RECORDED SEPTEMBER 28, 2005, AS DOCUMENT N0.0205265792, 0.
4. CERTIFICATE OF COMPLIANCE FOR LOT LINE ADJUSTMENT N0.0547550 RECORDED OCTOBER 24, 200.5, AS DOCUMENT N0.0205284020, O.R.
5. CERTIFCATE OF COMPLIANCE FOR LOT LINE ADJUSTMENT N0.05-1186 RECORDED NOVEMOER 7, 2005, AS DOCUMENT N0.0205303329, O.R.
PREPARED eY: yROt•t~~/0
FvR SNO CAl.IFOORNIAS ti~"~.~~ J ~Jrs~~GJ-
APPROVED BY: ~ „ 2'1769 A DATE: {
iI \ ~ 1213U05 1*
29670AEA A-1 iZ/09l2005