HomeMy WebLinkAboutResolution - 98-35 RESOLUTION NO. 98- 3
-k RF.SOUTION OF THE CITY COUNCIL OF THE: CITY OF SAti JACINTO,
CALIFORNIA. APPRONJNG THE FINAL REPORT AND ANNUAL SPECIAL
ASSESSMENT FOR ASSESSMENT DISTRICT NO. 87-1
WHERFAS. the City Council of the CITY OF SAN JACIN'TO. CALIFORNIA. thereinafter
rl-i'mcd to as the 1.egisiative Body'). I-as initiated and conducted proceedings, under the terms and
prnt isions of the Municipal Improti ement act of 1913 (the "Act"), being Division 1?, (commencing
with section 100000) the Streets and Highways Code of the State of California. for the acquisition
and constntction of certain public storks of improvements. together tvith appurtenances and
appurtentant work in a special assessement district designated as ASSESSMENT DISTRICT NO,
87-1 (hereinafter referred to as the "District")
WHEREAS, this Legislative Body, by reso!ution it was determined and declared that the
hands should he issued under the provisions of the Improvcnient Bond Act of 1915. being Division
10 Icornmencing with Section 850M of the Streets and Hiuhw3vs Code of the State of califomia;
kind
WHEREAS. all assessments in the District were levied without regard to propemr valuation.
`OW, 'FHEREFORF, IT IS HEREBY RESOLVED AS FOLLOXVS:
SECTION 1. That the above recitals are all true and correct.
low
SECTION ?. Fhat the amount of the assessments to be collected to pay for mite costs and
expenses for fiscal year(1998/99) far the referenced District is herebv determined and established
as set forth in the attached, referenced and incorporated Exhibit "A".
SECTION ;. That the amounts as set torth above does not exceed the amount as previously
authorized by resolution of this Le,isiative Bodv.
SECTION 4. That the proceeds of the levv shall he used to pay, in whole or in part, the
costs and expenses associated %with the issuance of the bands. The proceeds of the assessments shall
he used as set lorth and shall rat be used for ant other purpose.
SECTION 5. The assessments shall be collected in the sarne manner as ordinary ad valorern
property taxes are collected, and shall be subject to the same penaities and same procedure and sale
in cases of any (lclinquency for ad vaiorem taxes, and the Tax Collector is hereby authorized to
deduct reasonable administrative costs incurred in collecting any said special tax.
SECTION b. All monies ;wove collected shall be paid into the Itmds and accounts
cstahlishcd pursuant to t!ie i;overnin; documents of the District_
SECTION 7. The .auditor of the Countv is herebv directed to enter in the next County
assessment roil on which taxes n ill become due, opposite each lot or parcel of land effected in a
space marked "public intprov ement. special assessment" or by any other suitable designation, the
installment of-he special assessment. and for the exact rate and amount of said assessment. reference
is made to tl e attached Ex.-lhit "A
SECTION 8. The County Auditor shall then, at the close of the tax collection period,
promptly render to the Croy a detail report showing the amount and/or amounts of such special
assessment installments, interest, penalties and percentages so collected and form what property
collected, and also provide a statement of any percentages retained for the expense of making any
such collection.
MOVED, PASSED and ADOPTED at a special meeting of the City Council on the30 th day
of July, 1998 by the following.v ote:
AYES: Ceunci lmembers Conner, Cornett , ,cod, Williams and Tledl ev
NOES: "Jane
ABSTAIN: %done
ABSENT: lone
t `.
ayor
State of California
County of Riverside
.ATTEST: I, PA-MELA L. LEE City Clerk of the City of
San Jacinto, do hereby certify that the above
Pamela L. Lee, City-Clerk and foregoing is a full, true and correct copy
of RESOLUTION NO. 98- .35_of said City
f f Council, and that the same has not been
amended or repealed.
City Cleric Dated: July 30,1998
City Clerk
l
Q I.S1AC IN TT,1 91 55 9899RQ1-L'$7-I RLS G'�1{'
Exhibit A
Assessment District No. 87-1
Ca1cuLati_Qn-Qf.Annua1 As5-e,&i5ments
i1c annual asscssnnent amou-L to ouch cnpaid parcel %vahm AD S7-1 is based on a repavrnenr schedule
A rich shows the amount; to i,e collected cae,h Fear to pay otI the parcel's share of rho bonded debt. To
.icicrminc net assessmem atnounta for each parcei. the iiillov mg steps are Iaken:
■ The parcel's principal and Interest payment for the }car is taken from its onginal repayment
schedul..
■ Subtract a pro mia �rarc oh the intcresr earnings credited toward the assessments. if any.
K Add the parcel's pro rats share of paying agent.City staff and other cults of managing the
assessment distrut per %8682.1 of the Cali%nr-wa Streets and Highwai's Code.
• add the parcel's administration fee per §8682 of the Culitornia Streets and Highways Cade,
which is equal to the lesser of S 16 00 or 5"o of principal plus interest.
Elie amount of insraltments 101 ail narccis are totaled to arrive at the aggregate assessment lei,%
Debt Service Reaui,~utx3t=
The actuai amounts duc to bondholders Burins the 1998f99 tax year are shown below
Interest due March '-. 1999 $36.29;.50
Pruwipal due 5epn;numr 2. P),Y7 5Q000.00
ter. Irttere,�t duo September 2. 1999 -16,197 zz
Total Debt Service $152,595.00
Admini.tralhLe-Custflucoveu
Fees for 199{ ',99 adirurustrotion iiati_c been estimared and -vill he recovered throutzh the annual luvv uz
accordance v,tlh 86S2 one tiiiGS2.1 of the ('Ldtfbr)rla . Lijeery<nu!ffi_y>Inrais Code.
Yayimg Agent Fees S2.600,00
AdMINISIMM"O ConSIdiant 1.54S.00
E�pensc F3ud act -150,00
Delinquency Collection i ces 0.00
City Staff Fees 1,000,00
Total Cite Costs S5,398.00
County Fees (deducted from pmcccds) 551.92
Total Fees t{ir 1998r99 S5.449.92
Sourcrs of Rccoyer�
Per Parcel :ldrrnucs(ra,io(1 I cc, 5192.00
Pr:) kola Debit 5 )57 Q
Total 12ecw�ery S5.449.92
Exhibit B
;:1!2S/96 CITY OF 9" JACINTO p„y, .
Preliminary Assessment Report
Assessment District 87-1
Assessment District No. 87-1
139a•99 Tax Year
lnstallment Installment laterest Prorata Prvrata Adniniatrat3vc charges
APN Principal Interest Credit Debit Credit Normal Plat Pee Perceat County Cverpayment Amo=t Due Prepaid
All 160 024 1 1,2E6.6C 2,931.96 ] c0 214.53 U.00 16.00 u.DO C.00 9.33 i] :10 522.72 LT,
913 160-021 9 i,214.d3 3,824.13 0 00 274-24 0 O0 16.09 0.04:- 0.00 4. 31 J 511 d,132 92 N,
431 260 G29 E 3,29E EG 2,391 45 0 0G 2a4-51 a-0 C, [6.00 0.00 0.00 4.33 3 0'J 6,522.97. N;;
41i 160-029-6 3,361.56 1.068.5G C.Co 22G.06 0 00 16,CD 0 LD 0.00 4 -3I D,f,0 6,69 i.. N,i
431 160-G12-g 4.219-21 3,624.13 J.06 274-24 0-00 16.0G 0 ou 0 (1C 4.3) ,.., 8,332. 92 N"
4, 160-033 9 9,583.93 8,696.31 0.00 (123,67 0.1r 1G 00 0.00 0.00 4.13 •] )J -E,924 7F No
ill ILC 03; L. 3,361 �F 3,068 5G 0.00 220.OE 0.017 16-00 0.0C 0 00 4.33 0 oc �•,i5?O, -,7 N
4i; 160-035-1 12,04a-93 10.933.Yr 0.00 "789.05 0-00 16.00 n-01 0-Dp 13 • .; -',f. :.on ;i.' N•,
131 160 01b 2 7.59)l 21 6,888 SS ;) 00 499 OG ;i.n.; t0.170 0 U'1 0 to 4.]1 .. l.L 14,J',4 10 N.
I 1 11,0 011 i • 3:,1 2d 6.fl70 B3 0 On 4'18 16 0 OC 16-GO U-00 0-00 4.13 7-31 :J.9:0ld2 No
I1J 100 CSB 9 9,252.Et 7,488.92 0.00 537.05 0.07 16.00 0 C)C 0-00 4 33 C.CO 16,279.3i N,;
ai3 160 03-1 S 13,367 99 12,148.35 U-00 B71-20 0 CD 16.00 0.00 0.OD 4 .33 -GO 74,421 Nj
Tolels, 80,000.00 72,595.CL 0.00 5,2Ds.01 0.DO 192-JO 0.06 G.C6 51.4G O.00 155,Gh5 OE1
Prepaid 0.0o G.00
8111ed. B0,000.03 72,S95.C1
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