HomeMy WebLinkAbout21155 - RESOLUTIONS - 12/1/2004 RESOLUTION NO. 21155
' OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, DETERMINING UNPAID
ASSESSMENTS IN ASSESSMENT DISTRICT NO. 164
(MOUNTAIN GATE II)
WHEREAS, the Finance Director (the "Finance Director') of the City of Palm
Springs (the "City") has filed with the City Clerk a list of paid and unpaid assessments for
Assessment District No. 164 (Mountain Gate II) ("List of Unpaid Assessments"), a copy
of which list is attached to this resolution as Exhibit A and by this reference incorporated
herein, certifying that 30-day period during which to pay such assessment has been
waived by unanimous consent of the owners of property in Assessment District No. 164
(Mountain Gate II) and that no cash payments were received, and that the amount of
assessments remaining unpaid is equal to the amount of assessments levied; and
WHEREAS, the City Council of the City (the "Council") wishes to establish said
amount as the amount of unpaid assessments and to ratify the amount of not to exceed
$3,806,000 as the principal amount of limited obligation improvement bonds authorized
and issued in these proceedings upon the security of said unpaid assessments.
NOW THEREFORE BE IT RESOLVED, as follows:
Section 1, Assessments Unpaid. This Council hereby finds and determines that, as
set forth in the attached List of Unpaid Assessments, and there being no
information to the contrary, the amount of assessments remaining unpaid
in Assessment District No. 164 (Mountain Gate II) is the amount set forth
in said List of Unpaid Assessments, and by separate resolution, this
Council has authorized the issuance of limited obligation improvement
bonds of the City in a principal amount to be established on the basis of
said unpaid assessments. The principal amount of bonds to be issued
shall be equal to the amount of assessments levied, rounded down, if
necessary, to the nearest $5,000.
Section 2. Transmittal to County Auditor. The City Clerk is hereby directed to
transmit a copy of this resolution to the County Auditor-Controller of the
County of Riverside, and said County Auditor is requested to proceed in
accordance with Section 8682 of the California Streets and Highways
Code in the collection of installments of these assessments and the
interest thereon on the secured property tax assessment roll of the
County, commencing with the 2005-06 tax roll.
Section 3. Effective Date. This Resolution shall take effect immediately upon
adoption.
Resolution No. 21155
Page 2
ADOPTED this Vt day of December, 2004. '
AYES: Members Foat, McCulloch, Mills, Pougnet and Mayor Oden
NOES: None
ABSENT: N'dne
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
B � •��
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Acting City Clerk City Mana2j�'
Page 3
' EXHIBIT A
CITY OF PALM SPRINGS
ASSESSMENT DISTRICT NO. 164
(MOUNTAIN GATE II)
CERTIFICATE OF
PAID AND UNPAID ASSESSMENTS
I HEREBY CERTIFY that (1) the 30-day cash collection period during which
assessments may be paid in cash has been waived by unanimous consent of property owners
in Assessment District No. 164 (Mountain Gate II) ("AD 164"), and no cash payments have been
received in AD 164 in the City of Palm Springs, California, and (2) that the amount of
assessments remaining unpaid in AD 164 is therefore equal to the principal amount of
assessments levied, as indicated on the List of Unpaid Assessments
attached hereto.
Executed at Palm Springs, California, on December 15t, 2004.
Tom Kanarr
Finance Director
City of Palm Springs
rage 4
CITY OF PALM SPRINGS
ASSESSMENT DISTRICT NO. 164
(MOUNTAIN GATE II)
LIST OF PAID AND UNPAID ASSESSMENTS
[See Attached List of Unpaid Assessments]
PAID ASSESSMENT: $0
UNPAID ASSESSMENTS: $3,806,000
P A L M S P R I N G S A D N O 1 6 1 ( M O II N T A I N G A T E 2 )
Date: 09/20/04 02:01 pm
A S S E S S M E N T- R O L L Page:
A.V. LAND
ASSESSMENT NO. A.V. IMPROVEMENTS ASSESSMENTS ASSESSMENT ASSESSMI
ASSR'S PARCEL NO. ASSESSEE'S NAME c ADDRESS A.V. PARCEL LEVIED/PENDING AS PILED AS CONPIM
==-==0010001MOUNTAIN GATE 2 PALM SPRINGS VENTURES======9$234=000 $0.00 $3,295 600 00
669320011-6 ATT: CARLOS CUE VA 1535 S D ST STE 200 $0
SAN BERNARDINO CA 92408 ___________
$234,000
0010002 MOUNTAIN GATE 2 PALM SPRINGS VENTURES $13,000 $0.00 $510,400.00
669320013-8 ATT: CARLOS CIIEVA 1535 S D ST STE 200, $0
SAN EERNARDINO CA 92408 ___________
$13,000
TOTAL LAND: _ =$247,000 $0 00
$3,006 000 00
TOTAL IMPROVEMENT: $0
------------
TOTAL PARCEL: $247,000