Loading...
HomeMy WebLinkAbout10/6/2004 - STAFF REPORTS (17) DATE: October 6, 2004 TO: City Council FROM: Director of Public Works/City Engineer ASSESSMENT DISTRICT 164 RECOMMENDATION: It is recommended that the City Council approve various Resolutions related to the proposed formation of a 1913 Act Assessment District, using 1915 Act Bonds for certain eligible public improvements for the development project known as Mountain Gate 11 consisting of Tract No. 32028 and 32028-1, located on the northeast side of State Highway 111 north of Gateway Drive. SUMMARY: On July 28, 2004, the City Council approved an application submitted by Mountain Gate II Palm Springs Ventures, LLC for further processing of the formation of Assessment District 164. The City Council's authorization directed staff to select and negotiate contracts with consultants for an assessment engineer's report, appraisal and market absorption study;and authorized staff to collect necessary deposits from the applicant to fund consultant contracts. A Resolution of Intention is required to be adopted by the City Council to commence proceedings to form Assessment District 164 and to approve the Preliminary Engineer's Report detailing the estimated costs to be financed by Assessment District 164 through the future issuance of Assessment District Bonds, as well as a general description of the improvements to be funded. If the Resolution of Intention is adopted, a date for a public hearing will be set not less than 45 days later at which time the remaining formation proceedings will be conducted. BACKGROUND: Mountain Gate 11 Palm Springs Ventures, LLC, is the developer for Tentative Tract No. 32028 and 32028-1 located on the northeast side of State Highway 111 north of Gateway Drive. The Tentative Tract Map was approved by City Council on July 7, 2004, but the Final Maps have not yet recorded. The Two Final Maps together consist of a total of 196 single family residential lots. Carlos Cueva of Mountain Gate 11 Palm Springs Ventures, LLC has submitted an application for formation of a 1913 Act Assessment District using 1915 Act Bonds for the public improvements for this development in accordance with the City's Statement of Policies and Procedures for Special Assessment and Mello-Roos Community Facility District (CFD) Municipal Bond Financing for Public Improvements for Development Projects, a pre- application conference with staff was held and the applicant submitted a $10,000 initial application fee. On March 24, 2004, the applicant met with the City's Special Districts Committee to review the proposed application. The Committee had a number of concerns with the application that were expressed to the applicant, who revised the application in response to those concerns. The Committee reconvened on July 1, 2004 and on July 28, 2004 City Council approved the application for further processing. Assessment District 164 October 6, 2004 Page 2 Accordingly, staff entered into contracts with the following consultants as necessary to proceed with the formation of Assessment District 164: Albert A. Webb Associates for assessment engineering services (contract cost $25,000); Harris Realty Appraisal for appraisal services (contract cost $18,000); and Empire Economics, Inc., for the market absorption study services (contract cost $12,500). The applicant has submitted the necessary deposit to cover the contract costs for these service contracts. These costs will be reimbursable to the Property Owner through the assessment district pursuant to one of the Resolutions to be adopted today. The applicant is proposing that the Assessment District fund utility undergrounding, public sewer improvements, water improvements, landscaping improvements, sewer fees, water fees, engineering costs and all district formation and financing costs for the development project. A Resolution of Intention is required to be adopted by the City Council to commence proceedings to form Assessment District 164 and to approve the Preliminary Engineer's Report detailing the estimated costs to be financed by Assessment District 164 through the future issuance of Assessment District Bonds, as well as a general description of the improvements to be funded. If the Resolution is adopted, and the preliminary engineer's report approved, a date for a public hearing will be set not less than 45 days later at which time the remaining formation proceedings will be conducted. The hearing is to be scheduled for December 1, 2004. After the formation of Assessment District 164 is complete, the City will be the issuer of the tax-exempt obligations for the Assessment District. The City does not incur any obligation for the subject debt, which will be secured and payable solely from assessments on the property within Assessment District 164 and will constitute a foreclosure lien on such property if unpaid. The Assessment District Bonds would fund construction of the public improvements, incidental expenses and bond issuance costs. The estimated assessment per lot is$17,600 for each Ventana Series home and $22,000 per lot for each El Dorado series home, both within Tracts 32028 and 32028-1. The Assessment District Bonds would be issued shortly after the formation proceedings are completed. The City Council's approval of the Resolution of Intention in no way commits the City to any financial contribution or liability to repay the bond indebtedness. To conform to the City's Policy regarding Assessment Districts, the Assessment District Bonds will not be issued until the total combined appraised land and improvement values are at least 4 times the estimated assessments. The overall tax rate after the Assessment District Bonds are issued, including assessments, cannot exceed 2% of property values. i q# �, Assessment District 164 October 6, 2004 Page 3 SUBMITTEDo ^�� DAVID J. BARAKIAN Director of Public Works/City Engineer APPROVED: DA H. R A Cit anager ATTACHMENTS: 1. Resolutions (4) 2. Preliminary Engineer's Report l � l TO: CITY CLERK CITY OF PALM SPRINGS PETITION AND WAIVER ASSESSMENT DISTRICT NO. 164 (MOUNTAIN GATE II) 1. We, the undersigned, are the owners of the lots and parcels of land within proposed Assessment District No. 164 (the "Improvement District") shown and described on Exhibit A, attached hereto and incorporated herein. 2. We hereby file with the City Clerk of the City of Palm Springs this Petition and Waiver in order to petition the City Council of the City of Palm Springs to undertake proceedings for the formation of the Assessment District pursuant to the Municipal Improvement Act of 1913 (California Streets and Highways Code, Section 10000 et seq.) for purposes of assessment of the lots and parcels within the Assessment District to pay for improvements (the "Improvements") consisting of sewer and water improvements, landscaping and electrical utility improvements, cabling and connection fees. 3. We understand that the present best estimate of the cost of the total bond Improvements, including incidental and financing costs, is approximately$3,806,000. 4. We understand that the cost of the Improvements, net of any contributions, will be apportioned among the assessable lots and parcels of land within the proposed Assessment District in proportion to the special benefits the lots and parcels will receive from the Improvements. 5. We understand that an Engineer's Report has been prepared in connection with the proposed Assessment District, which includes, among other things, a description of the proposed Improvements, an estimate of the total cost of the Improvements, a diagram of the Assessment District, and an assessment of the total cost of the Improvements spread against the properties in the Assessment District. We understand that the Engineer's Report will be on file in the office of the City Clerk, 3200 East Tahquitz Canyon Way, Pahn Springs, California 92263, and is open to inspection. 6. We understand that the City Council will conduct a public hearing on the Engineer's Report and the proposed assessments. We understand that the public hearing is scheduled for December 1, 2004 in the City Council Chambers at City Hall, 3200 East Tahquitz Canyon Way, Palm Springs, California 92263. 7. We hereby expressly waive any and all investigation and other proceedings required and all limitations under the "Special Assessment Investigation, Limitation and Majority Protest Act of 1931" (being Division 4 of the California Streets and Highways Code, cornnencing with Section 2800) (the "1931 Act"). We understand that signing this Petition and Waiver is not a waiver of our right to protest the assessment 1 24293 v.1 proceedings for the Improvements. However, we understand that by signing this Petition and Wavier, we waive any right we may have to stop the formation of the Assessment District through filing a majority protest Imder the 1931 Act (i.e., written protests filed and not withdrawn by the owners of more than one-half of the area of the property to be assessed.) 8. We understand that the City Council must abandon the proceedings to form the Assessment District in the event of a majority protest under Article XIIID of the California Constitution. A majority protest exists under Article XIIID if, at the conclusion of the hearing on the Assessment District, the ballots submitted (and not withdrawn) in opposition to the proposed assessments exceed the ballots submitted (and not withdrawn) in favor of the assessments, with ballots weighted according to the proportional financial obligation of the affected properties. 9. We understand that in the absence of a majority protest (as defined in paragraph 8, above) the City Council may, following the conclusion of the public hearing on the proposed assessments, confine the proposed assessments and order the proposed improvements. We understand that the City Council may make changes to the proposed improvements (including the elimination of improvements) and cost estimates (including line items in the Engineer's Report); provided, however, this Petition and Waiver shall not be deemed as consent to any increase in the amount of any individual assessment beyond the amounts set forth in the Engineer's Report. 10. This Petition and Waiver may be signed in counterparts. When signed return to: City Cleric City of Pahn Springs 3200 East Tahquitz Canyon Way Palm Springs, California 92263 2 24293 v.I THE UNDERSIGNED HEREBY WARRANTS, REPRESENTS AND DECLARES UNDER PENALTY OF PERJURY UNDER THE LAWS OF , THE STATE OF CALIFORNIA that the undersigned is the owner of the property described below; that the names of all mortgages and beneficiaries under any existing mortgages or deeds of trust encumbering the property are as set forth in Exhibit B. MOUNTAIN GATE II PALM SPRINGS VENTURES, LLC, a Delaware limited liability company By: Century Crowell Communities, L.P., a California limited partnership, Its Development Management Company By: Century Homes Communities, a California corporation Its: General Partner By: Name: Carlos H. Cueva Its: Public Financing Manager THE UNDERSIGNED HEREBY WARRANTS, REPRESENTS AND DECLARES UNDER PENALTY OF PERJURY UNDER THE LAWS OF THE STATE OF CALIFORNIA that the undersigned is the mortgagee or beneficiary of a mortgage or deed of trust upon all or a portion of the property described above and joins in this petition and waiver with the above owner. IndyMac Bank Signature Print Name Title 3 24293 v.l EXHIBIT A ASSESSMENT DIAGRAM FOR ASSESSMENT DISTRICT NO, 164 ,SSESS,QR W. Wl� ( MOUNTAIN GATE 2 ) 5, W. CITY OF PALM SPRMS, COUNTY OF RIVERSM STATE OF CALFORM4 DISTRICT BOUNDARY , 1 . e TRACT NO. l32028 lei 5� 1fW II le z 5 !N 15 !w w 1> 9l — le w w AC]q w yo e0 2s CgfG]A PHASE 1 zx z 7ff s5 ° r] P se 25 �154 ]{ 92 w ALiA CFESTA A w N Tl s B0 IpNA el �e w 50 52 5n AA1M 69 w H — As n N b le 1p a° w w e] 'JtOGf w so 5s 36 b w l/ 75 57 3B W 12 A"SES W. ASSESD95 PARCEL W. 669-32}DJJ� Jb AtGG ]. a s2 e] .. s 9r. C, 'l' y Adb w {] e LE" I j e] w DI5iAIDi DdIUNY w w el 6OWAR] NOT To SCALE `EWMA `mw" ( TRACT NO. 27 EL anAm rmw 4 l 32028-1 "e' WYSE III W.O. 04-0339 4 24293 v i EXHIBIT B MORTGAGEES IndyMac Bank 800 North Haven Avenue Suite 320 Ontario, CA 91764 5 CITY OF PALM SPRINGS, CALIFORNIA ASSESSMENT DISTRICT NO. 162 "THE VILLAS" (TRACT 29077)AND "48 @ BARISTO" (TRACT 30941) OF THE CITY OF PALM SPRINGS CERTIFICATE OF THE ELECTION OFFICIAL AS TO THE RESULTS OF THE CANVASS OF THE ASSESSMENT BALLOT STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) CITY OF PALM SPRINGS ) I, Patricia Sanders, City Clerk in my capacity as Elections Official in the City of Palm Springs, California, DO HEREBY CERTIFY, that I did canvass the return of the votes cast at the assessment proceedings on October 6, 2004, held in ASSESSMENT DISTRICT NO. 162 "THE VILLAS" (TRACT 29077)AND "48 @ BARISTO" (TRACT 30941) OF THE CITY OF PALM SPRINGS I FURTHER CERTIFY that the Statements of All Votes Cast, to which this certificate is attached, shows the total number of ballots cast within the territory to be included within the District and the totals shown for such Proposition are full, true and correct. WITNESS my hand and Official Seal this 6`h day of October, 2004. CITY OF PALM SPRINGS, CALIFORNIA, ASSESSMENT DISTRICT NO. 162 "THE VILLAS" (TRACT 29077) AND "48 @ BARISTO" (TRACT 30941) C"L4Cit�;Clerk CITY OF PALM SPRINGS ASSESSMENT DISTRICT NO. 162 (THE VILLAS IN OLD PALM SPRINGS AND 48 @ BARISTO) ASSESSMENT BALLOT (Government Code Section 53753) Property Owner: PALM SPWiningham OMES LLC A Californco By: Na Its: Authorized Representative Propertye` �a PALM MES V, LLC, a Califoan / By: Intative Property Owned: See Exhibit A attached hereto and by this reference incorporated herein. As required by Section 53753 of the California Government Code, and in order that the formation of the Assessment District No. 162 (The Villas in Old Palm Springs and 48 @ Baristo) ("Assessment District 162") complies in all respects with Section 4 of Article XHI of the California Constitution (Proposition 218), this Assessment Ballot is furnished to all owners of property in such Assessment District No. 162 in order that they may indicate their support or opposition to the formation of such Assessment District and the levy and collection of special assessments on the property therein. Please mark your ballot as either "YES" or "NO" and return it in the envelope provided no later than 7:00 o'clock p.m., Wednesday, October 6, 2004 as follows: City of Palm Springs 3200 East Tahquitz Canyon Way Palm Springs, CA 92263 Attn: City Clerk A3/042/24299 vl A-I BALLOT PROPOSITION Shall the City of Palm Springs form Assessment District No. 162 and levy assessments for the propose of providing funds and selling YES improvement bonds over a period not to exceed 25 years from the next September 2 following 90 days of the date of such bonds in an — amount not to exceed $1,348,000 to pay for the acquisition and construction of public and utility improvements which specially benefit property in such Assessment District No. 162, such property also NO known as Tract No. 29077 and Tract No. 30941 and for the payment of costs of issuance, the funding of a reserve fund and capitalized interest in connection with such bonds. Ballots will be tabulated at the conclusion of the public hearing on the Report of the Engineer of Work with ballots weighted according to the proportional financial obligation of the affected property as compared to other assessed property in the Assessment District. If the assessment ballots submitted but not withdrawn in opposition to the proposed assessment exceed the assessment ballot submitted but not withdrawn in its form, a majority protest will be declared and no further proceedings shall be taken. ALL MARKS MUST BE MADE WITH INDELIBLE INK. ERASURES OR TEARS WILL INVALIDATE THIS BALLOT. IF THIS BALLOT IS TORN OR DEFACED IT MAY BE EXCHANGED FOR A NEW UNMARRED BALLOT; PROVIDED NO SUCH EXCHANGE WILL EXTEND THE DEADLINE FOR RECEIPT OF THIS BALLOT BY THE CITY CLERK. Dated: August 4, 2004 CITQ F�PA—LM/SP GS B C City Clerk A3/042/24299 vl A-1 P A L M S P R I N G S A D N O . 1 6 2 ( T H E V I L L A S & 4 8 @ E A R I S T O ) Date: 08/03/04 01:01 pm AFTER UPDATES ON NNE 28, 2004 Page: A S S E S S M E N T R O L L A.V. LAND ASSESSMENT NO. A.V. IMPROVEMENTS ASSESSMENTS ASSESSMENT ASSESSME ASSE'S PARCEL NO. ASSESSEE'S NAME & ADDRESS A.V. PARCEL LEVIED/PENDING AS FILED AS CONFIRM 0010001 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120058-3 ATT: ERNEST VINCENT $0 160 E. ANDREAS PALM SPRINGS CA 92262 $66,965 0010002 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120059-4 ATT: ERNEST VINCENT $0 180 E. ANDREAS _______-_-- PALM SPRINGS CA 92262 $66,965 0010003 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120060-4 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 0010004 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120061-5 ATT: ERNEST VINCENT $0 180 E. ANDREAS _______---- PALM SPRINGS CA 92262 $66,965 0010005 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120062-6 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 0010006 PALM SPRINGS MODERN HOMES V *66,965 $0.00 $20,000.00 513120063-7 ATT: ERNEST VINCENT $0 180 E. ANDREAS -_________- PALM SPRINGS CA 92262 $66,965 0010007 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120064-8 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 D010008 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120065-9 ATT: ERNEST VINCENT $0 180 E. ANDREAE ----------- PALM SPRINGS CA 92262 $66,965 0010009 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120066-0 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 P A L M S P R I N G S A D N 0 . 1 6 2 ( T H E V I L L A S & 4 8 p E A R I S T O ) Date: 08/03/04 01:01 pm AFTER UPDATES ON JUNE 28, 2004 Page: A S S E S S M E N T R 0 L L A.V. LAND ASSESSMENT NO. A.V. IMPROVEMENTS ASSESSMENTS ASSESSMENT ASSESSME ASSR'S PARCEL NO. ASSESSEN'S NAME & ADDRESS A.V. PARCEL LEVIED/PENDING AS FILED AS CONFIRM - -----0010010-_----==-PALM SPRINGS MODERN HOMES -V-----------------$66,96 ------------------$0 00------------$20,000.00 513120067-1 ATT: ERNEST VINCENT $0 180 E. ANDREAS PALM SPRINGS CA 92262 $66,965 0010011 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120068-2 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 0010012 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120069-3 ATT: ERNEST VINCENT $0 180 E. ANDREAS -______--_- PALM SPRINGS CA 92262 $66,965 0010013 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120070-3 ATT: ERNEST VINCENT $0 180 E. ANDREAS PALM SPRINGS CA 92262 $66,965 0010014 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120071-4 ATT: ERNEST VINCENT $0 180 E. ANDREAS PALM SPRINGS CA 92262 $66,965 0010015 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120072-5 ATT: ERNEST VINCENT $0 190 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 0010016 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120073-6 ATT: ERNEST VINCENT $0 180 E. ANDREAS --________- PALM SPRINGS CA 92262 $66,965 0010017 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120074-7 ATT: ERNEST VINCENT $0 180 E. ANDREAS PALM SPRINGS CA 92262 $66,965 0010018 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120075-6 ATT: ERNEST VINCENT $0 180 E. ANDREAS _- PALM SPRINGS CA 92262 $66,965 P A L M S P R I N G S A D N O . 1 6 2 ( T H E V I L L A S & 4 8 @ H A R I S T O ) Date: 08/03/04 01:01 pm AFTER UPDATES ON NNE 28, 2004 Page: A S S H S S M E N T R O L L A.V. LAND ASSESSMENT NO. A.V. IMPROVEMENTS ASSESSMENTS ASSESSMENT ASSESSME ASSR'S PARCEL NO. ASSESSEE'S NAME & ADDRESS A.V. PARCEL LEVIED/PENDING AS FILE➢ AS CONFIRM ----------___________________________________________________----------_______----________ 0010019 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120076-9 ATT: ERNEST VINCENT $0 180 E. ANDREAE ----------- PALM SPRINGS CA 92262 $66,965 0010020 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 51312007?-0 ATT: ERNEST VINCENT $0 180 E. ANDREAS PALM SPRINGS CA 92262 $66,965 0010021 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120078-1 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CAA 92262 $66,965 0010022 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120079-2 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PAVM SPRINGS CA 92262 $66,965 0010023 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120080-2 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 0010024 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120081-3 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 0010025 PALM SPRINGS MODERN MOMS V $66,965 $0.00 $20,000.00 513120082-4 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 0010026 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120083-5 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 0010027 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120084-6 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 P A L M S P R I N G S A D N O . 1 6 2 ( T H E V I L L A S & 4 8 @ E A R I S T O ) Date: 08/03/04 01:01 pm AFTER UPDATES ON JUNE 28, 2004 Page: A S S E S S M E N T R O L L A.V. LAND ASSESSMENT NO. A.V. IMPROVEMENTS ASSESSMENTS ASSESSMENT ASSESSMEI ASSR'S PARCEL NO. ASSESSES'S NAME & ADDRESS A.V. PARCEL LEVIED/PENDING AS FILED AS CONFIRM == --- ==========0010028----_----PALM SPRINGS MODERN HOMES-V $66, ------------------$0 00 -------$20,000.00------------ 513120085-7 ATT: ERNEST VINCENT $0 180 E. ANDREAE ----------- PALM SPRINGS CA 92262 $66,965 0010029 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120086-8 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 0010030 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120087-9 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 0010031 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120088-0 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 0010032 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120089-1 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 0010033 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120090-1 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 0010034 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120091-2 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 0010035 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120092-3 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 0010036 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513120093-4 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 P A L M S P R I N G S A D N 0 . 1 6 2 ( T H E V I L L A S & 4 8 @ E A R I S T O ) Date: 08/03/04 01:01 pm AFTER UPDATES ON .TUNE 28, 2004 Page: A S S E S S M E N T R O L L A.V. LAND ASSESSMENT NO. A.V. IMPROVEMENTS ASSESSMENTS ASSESSMENT ASSESSME ASSR'S PARCEL NO. ASSESSES'S NAME & ADDRESS A.V. PARCEL LEVIED/PENDING AS FILED AS CONFIRM 0010037 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $2p,000 00 513141017-1 ATT: ERNEST VINCENT $0 180 E. ANDREAE ----------- PALM SPRINGS CA 92262 $66,965 0010038 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513141018-2 ATT: ERNEST VINCENT $0 180 E. ANDREAS -----_____- PALM SPRINGS CA 92262 $66,965 0010039 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513141019-3 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 0010040 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513141020-3 ATT: ERNEST VINCENT $0 180 E. ANDREAS _____------ _ALM SPRINGS CA 92262 $66,965 0010041 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $z a,000.00 513141021-4 ATT: ERNEST VINCENT $0 180 E. ANDREAS -________-- PALM SPRINGS CA 92262 $66,965 0010042 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513141022-5 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 0010043 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513141023-6 ATT: ERNEST VINCENT $0 180 E. ANDREAS PALM SPRINGS CA 92262 $66,965 0010044 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513141024-7 ATT: ERNEST VINCENT $0 180 E. ANDREAE ----------- PALM SPRINGS CA 92262 $66,965 0010045 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513141025-8 ATT: ERNEST VINCENT $p 180 E. ANDREAS ---_______- PALM SPRINGS CA 92262 $66,965 P A L M S P R I N G S A D N O . 1 6 2 ( T H E V I L L A S 0 4 8 @ B A R I S T O ) Date: 08/03/04 01:01 pm AFTER UPDATES ON DUNE 28, 2004 Page: A S S E S S M E N T R O L L A.V. LAND ASSESSMENT NO. A.V. IMPROVEMENTS ASSESSMENTS ASSESSMENT ASSESSME ASSR'S PARCEL NO. ASSESSES-S NAME F ADDRESS A.V. PARCEL LEVIED/PENDING AS FILE➢ AS CONFIRM -----0010046------_--PALM SPRINGS MODERN HOMES V - - _-- - $66,965 ___________$0.00--_---_-__--$20,000 00-----_______ 513141026-9 ATT: ERNEST VINCENT $0 180 E. ANDREAS ----------- PALM SPRINGS CA 92262 $66,965 0010047 PALM SPRINGS MODERN HOMES V $66,965 $0.00 $20,000.00 513141027-0 ATT: ERNEST VINCENT $0 180 E. ANDREAS _____------ PALM SPRINGS CA 92262 $66,965 0020001 PALM SPRINGS MODERN HOMES II $1,069,603 $0.00 $384,000.00 508100041-7 ATT: ERNEST VINCENT $0 150 E. ANDREAE -- PALM SPRINGS CA 92262 $1,069,603 TOTAL LAND: $4,216,958 $0.00 $1,324,000.00 TOTAL IMPROVEMENT $0 ------------ TOTAL PARCEL: $4,216,958 RESOLUTION NO. RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, SETTING FORTH TERMS AND CONDITIONS UNDER WHICH THE CITY WILL COMMENCE PROCEEDINGS FOR CREATION OF AN ASSESSMENT DISTRICT WITHIN SAID CITY; CREATING A SEPARATE FUND INTO WHICH SHALL BE DEPOSITED MONEYS ADVANCED BY THE OWNER OF PROPERTY WITHIN THE PROPOSED ASSESSMENT DISTRICT; PROVIDING FOR THE USE AND INVESTMENT OF SUCH FUNDS; PROVIDING FOR THE REIMBURSEMENT OF SUCH FUNDS FROM FUTURE BOND PROCEEDS; AND MAKING CERTAIN FINDINGS AND DETERMINATIONS IN CONNECTION THEREWITH. Assessment District No. 164 (Mountain Gate ll) WHEREAS, this City Council of the City of Palm Springs (the "City") has been requested by the owner of certain property within the City to form an Assessment District ("Assessment District 164") for the purpose of acquiring and constructing certain public improvements benefiting such owner; and WHEREAS, this City Council has retained the services of bond counsel for the purpose of assisting in the formation of Assessment District 164 and the financing thereof; and WHEREAS, the Engineer of Work has prepared certain preliminary maps, estimates and other documents required for the formation of the proposed Assessment District; and WHEREAS, such owner has requested that further proceedings be taken by this City Council for the formation of said Assessment District; and WHEREAS, said Engineer of Work has informed the City that the initial design engineering, mapping, and other services required in connection with the formation of such Assessment District will require the City to have funds available in the amount of $537,146; and WHEREAS, the City is unwilling to put existing City funds at risk to pay such costs; and WHEREAS, said owner has expressed a willingness to advance $537,146 (the "Initial Deposit") to the City under the terms and conditions hereinafter set forth for the purpose of making such funds available for said initial engineering services and certain other costs and expenses related to formation of Assessment District 164 and the issuance of bonds to fund the acquisition and construction of the public improvements; NOW, THEREFORE, the City Council of the City of Palm Springs, California DOES HEREBY FIND, RESOLVE, DETERMINE AND ORDER as follows: 1 i Section 1. That the recitals set forth hereinabove are true and correct in all respects. Section 2. That this City Council hereby creates a fund to be known as "City of Palm Springs, Assessment District No. 164 Preliminary Expense Fund," into which fund there shall be deposited moneys advanced by the owner of property within proposed Assessment District No. 164 in the amount set forth on Exhibit A attached hereto. Section 3. That the amount to be advanced to the City is set forth on said Exhibit A and that upon receipt of such sum set forth thereon, the City shall direct the Engineer of Work to prepare plans and specifications, detailed cost estimates, and a preliminary assessment diagram and assessment roll for the purpose of meeting the requirements of the Municipal Improvement Act of 1913, as such requirements apply to the preparation of the Engineers Report. Section 4. That moneys held in said fund may be invested by the City in the manner in which other City funds are invested. Section 5. That in the event that said Assessment District is formed and bonds are sold to provide funding for the improvements to be acquired and constructed in connection with said proceedings, moneys advanced by such owner shall be reimbursed from the proceeds of the bonds to such owner in the amount of the Initial Deposit, together with such interest as may have been earned on the investment of such funds by the City. Such interest to the extent earned shall be prorated in accordance with the advances of funds made by the owner set forth on Exhibit A. Such reimbursed funds shall not include any owner contribution to the project. Section 6. That in the event that such Assessment District is not formed, the City will reimburse any funds remaining in said fund to such property owner, together with interest as may have been earned thereon; provided that nothing herein contained shall require the City to reimburse or refund any moneys other than those advanced by such property owner. ADOPTED this day of 2004 AYES: NOES: ABSENT: ATTEST: CITY OF PALM SPRINGS, CALIFORNIA By; City Clerk City Manager REVIEWED &APPROVED 2 EXHIBIT A Mountain Gate II Palm Springs Ventures, LLC (Tracts 32028 and 32028-1) $537,146. "" 4 RESOLUTION NO. OF THE CITY COUNCIL OF THE CITYOF PALM SPRINGS, CALIFORNIA DECLARING ITS INTENTION TO FORM A 1913 ACT ASSESSMENT DISTRICT, USING 1915 ACT BONDS TO MAKE ACQUISITIONS OF CERTAIN ELIGIBLE PUBLIC IMPROVEMENTS, AND DIRECTING THE PREPARATION OF A PRELIMINARY ENGINEER'S REPORT FOR MOUNTAIN GATE II TRACTS 32028 AND 32028-1 BY MOUNTAIN GATE II PALM SPRINGS VENTURES, LLC; ASSESSMENT DISTRICT NO. 164. WHEREAS, on January 22, 1992, the City Council of the City of Palm Springs adopted Resolution No. 17774 adopting Policies and Procedures for Special District Municipal Bond Financing (the "City Policies") for certain public improvements for City and private development projects, under the 1911, 1913, 1915 Acts and 1972 Community Facilities District Act; and WHEREAS, on April 3, 2002, the City Council of the City of Palm Springs adopted Resolution No. 20304, which amends Resolution No. 17774, to allow municipal bond financing for single family subdivisions; and specifying a 2-percent maximum Special Tax per property, including the general property tax; requiring a District Application Form; establishing a $10,000 Application Fee, for developers to pay for City staff costs for the district formation process; and approved a Disclosure Statement form to be signed by each prospective home buyer within the district to disclose all district costs and declare that municipal bonds would be issued which would cause an assessment to be placed on each property owner's tax bill for a period of years, including a covenant that runs with the land in all title reports; and WHEREAS, Mountain Gate II Palm Springs Ventures, LLC, a Delaware limited liability company and an experienced land developer(the"Developer"),wishes to construct the "Mountain Gate II" development(Tracts 32028 and 32028-1) and is in compliance with Resolutions No. 17774 and 20304 and has completed the required District Application Form and paid the required $10,000 Application Fee with intent to construct a 201 Unit single family home subdivision located at the southwest corner of Palm Canyon Drive,to the west of the existing Mountain Gate Project in the City of Palm Springs, using Municipal Bond financing for certain eligible public improvements for Tracts 32028 and 32028-1; and WHEREAS, Developer has completed the required District Application Form and paid the required $10,000 Application Fee,and the District Application requests formation of an assessment district ("Assessment District 164") with a total assessment amount of $3,806,000 which is above the minimum assessment amount of$2,000,000 established by the City's Policies; and WHEREAS, the City Council considered the District Application and the Special Districts Committee's recommendations for further consideration and processing of Assessment District 164 at its , 2004, meeting, and authorized staff to proceed with the formation of Assessment District 164; and WHEREAS, City staff have entered into a contract services agreement with Albert A. Webb Associates to serve as the City's Assessment Engineer for Assessment District 164, and it has prepared a Preliminary Engineer's Report (the "Engineer's Report") for consideration of the formation of Assessment District 164. A R'CV tS�tc� 1 .� 4 NOW, THEREFORE, BE IT RESOLVED, as follows: 1. Intention. The public interest, convenience and necessity require, and this City Council intends to order the making of the construction of certain public improvements, together with the acquisition of all easements, rights-of-way, and lands necessary therefor described in Exhibit "A" attached hereto and made a part hereof. 2. Law Applicable. Except as herein otherwise provided for the issuance of bonds, all of the work shall be done as provided in the Municipal Improvement Act of 1913, Division 12 of the Streets and Highways Code of California (the "Code"). 3. Nature and Location of and Grades for Improvements. All of the work and improvements are to be constructed at the places and in the particular locations, of the forms, sizes, dimensions and materials, and at the lines, grades and elevations, as shown and delineated upon the plans, profiles and specifications to be made therefor, as hereinafter provided. There is to be excepted from the work above described any of such work already done to line and grade and marked excepted or shown not to be done on the plans, profiles and specifications. Whenever any public way is herein referred to as running between two public ways, or from or to any public way, the intersections of the public ways referred to are included to the extent that work is shown on the plans to be done therein. The streets and highways are orwill be more particularly shown in the records in the office of the County Recorder of the County of Riverside, State of California, and shall be shown upon the plans. For a general description of the area to be included in Assessment District No. 164 of the City of Palm Springs, reference is hereby made to a map which is on file with the City Clerk. 4. Change of Grade. Notice is hereby given of the fact that in many cases the work and improvements will bring the finished work to a grade different from that formerly existing, and that to the extent the grades are hereby changed,the work will be done to the changed grades. 5. Work on Private Property. In cases where there is any disparity in level or size between the improvements proposed to be made herein and private property and where it is more economical to eliminate such disparity by work on the private property than by adjustment of the work on public property, it is hereby determined that it is in the public interest and more economical to do such work on private property to eliminate such disparity. In such cases, the work on private property shall, with the written consent of the owner of the property, be done and the actual cost thereof may be added to the proposed assessment of the lot on which the work is to be done. 6. Official Grades. This Council does hereby adopt and establish as the official grades for the work the grades and elevations to be shown upon the plans, profiles and specifications. All such grades and elevations are to be in feet and decimals thereof with reference to the datum plane of this City. 7. Descriptions-General. The descriptions of the acquisitions and improvements and the termini of the work contained in this Resolution are general in nature. All items of work do not necessarily extend for the full length of the description thereof. The plans and profiles of the work and maps and descriptions as contained in the Engineer's Report, hereinafter directed to be made and filed, shall be controlling as to the correct and detailed description thereof. 2 8. Special Benefit and Boundary Map. The contemplated acquisitions and improvements, in the opinion of this Council, are of more than local or ordinary public benefit, and the costs and expenses thereof are made chargeable upon an assessment district, the exterior boundaries of which are shown on a map thereof on file in the office of the City Clerk,to which reference is hereby made for further particulars. The map indicates by a boundary line the extent of the territory included in the proposed district and shall govern for all details as to the extent of the assessment district. 9. Filing of Boundary Map.The City Clerk is directed to file a copy of the Boundary Map with the County Recorder not later than 15 days after the adoption of the Resolution setting a time and place for a public hearing on the Engineer's Report. 10. Engineer's Report. Albert A. Webb Associates is the Engineer for this Assessment District(the "Engineer of Work"), and the Engineer of Work is hereby directed to make and file with the City Clerk a final Engineer's Report in writing, presenting the following: (a) Maps and descriptions of the lands and easements to be acquired, if any; (b) Plans and specifications of the proposed improvement if the improvements are not already installed. The plans and specifications do not need to be detailed and are sufficient if they show or describe the general nature, location, and extent of the improvements. If the assessment district is divided into zones,the plans and specifications shall indicate the class and the type of improvements to be provided for each zone. The plans or specifications may be prepared as separate documents, or either or both may be incorporated in the Engineer's Report as a combined document. (c) A general description of works or appliances already installed and any other property necessary or convenient for the operation of the improvements, if the works, appliances, or property are to be acquired as part of the improvements. (d) An estimate of the cost of the improvements and of the cost of lands, rights-of-way, easements, and incidental expenses in connection with the improvements, including any cost of registering bonds. (e) A diagram showing, as they existed at the time of the passage of this Resolution, all of the following: (1) The exterior boundaries of the assessment district. (2) The boundaries of any zones within the district. (3) The lines and dimensions of each parcel of land within the district. Each subdivision, shall be given a separate number upon the diagram. The diagram may refer to the county assessor's maps for a detailed description of the lines and dimensions of any parcels, in which case those maps shall govern for all details concerning the lines and dimensions of the parcels. (f) A proposed assessment of the total amount of the cost and expenses of the proposed improvement upon the several subdivisions of land in the district in proportion to the estimated benefits to be received by each subdivision, respectively, 3 from the improvement. In the case of an assessment for installation of planned local drainage facilities which are financed, in whole or in part, pursuant to Section 66483 of the California Government Code, the assessment levied against each parcel of subdivided land may be levied on the basis of the proportionate storm water runoff from each parcel. The assessment shall refer to the subdivisions by their respective numbers as assigned pursuant to subdivision (e). (g) A proposed maximum annual assessment upon each of the several subdivisions of land in the district to pay costs incurred by this 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 reserve or other related funds. (h) Included in the incidental expenses to be assessed against properties located within Assessment District No. 164 shall be the following: (i) A special reserve fund for the bonds to be issued (as setforth in Section 11 below), which fund is to be established pursuant to Part 16 of Division 10 of the Code, Sections 8880 et seg., in an amount not to exceed ten percent (10%) of the proceeds of said bonds. (ii) Capitalized interest on said bonds for a period of not to exceed two years from their date of issue. (iii) Initial fees of a trustee for said bonds to be selected by the Director of Finance of the City. When any portion or percentage of the costs and expenses of the acquisitions and improvements is to be paid from sources other than assessments, the amount of such portion or percentage shall first be deducted from the total estimated cost and expenses of the acquisitions and improvements, and the assessment shall include only the remainder of the estimated cost and expenses. 11. Issuance of Bonds. Serial bonds or term bonds, or both, (the"Bonds") bearing interest at a rate not to exceed twelve percent(12%)per annum shall be issued to represent each assessment remaining unpaid for thirty (30) days after the date of recordation of the Notice of Assessment.The last installment of the bonds shall mature a maximum of twenty- five (25)years from the second day of September next succeeding twelve(12) months from their date. The bonds are as authorized under the Code, and are to be issued pursuant to and as provided in the Improvement Bond Act of 1915, Division 10 of the Code. The principal amount of bonds maturing, or subject to mandatory redemption from sinking fund installments in the case of term bonds, each year shall be such that the amount of principal maturing each year plus the amount of interest payable in that year will be an aggregate amount that is substantially equal each year, except for the amounts becoming due on the first series of the bonds of any division which shall be adjusted to reflect the amounts of interest earned from the date of the bonds to the date when the first interest is payable on such bonds. The bonds may be issued in divisions as permitted by Section 8650.1 of the Code. 12. No Obligation to Cure Deficiencies. In the event of any deficiency in the bond redemption fund to be established hereafter in these proceedings, the District will not be obligated to advance available funds from the District treasury to cure any such deficiency. 4 13. Use of Surplus. If any excess shall be realized from the assessment it shall be used, in such amounts as this Council may determine, in accordance with the provisions of the Code, for one or more of the following purposes: (a) Transfer to the general fund of this City, provided that the amount of any such transfer shall not exceed the lesser of $1,000 or 5% of the total amount expended from the improvement fund; (b) Asa credit upon the assessment and any supplemental assessment or for the redemption of bonds, or both; or (c) For the maintenance of the improvements. 14. Contact Person. Thomas M. Kanarr, Director of Finance and Treasurer of the City, is hereby designated as the person to answer inquiries regarding any protest proceedings to be had herein, and may be contacted during regular office hours at 3200 E. Tahquitz Canyon Way, Palm Springs, CA 92262, or by calling telephone number (760)323- 8221. 15. Contracts with Others. To the extent that any of the work, rights, improvements and acquisitions indicated in the Engineer's Report, to be made as provided herein, are shown to be connected to the facilities,works or systems of,or are to be owned, managed and controlled by, any public agency other than this City, or of any public utility, it is the intention of this Council to enter into an agreement with such public agency or public utility pursuant to Chapter 2 (commencing with Section 10100) of the Code, which agreement may provide for, among other matters, the ownership, operation and maintenance by such agency or utility of the works, rights, improvements and acquisitions, and may provide for the installation of all or a portion of such improvements bythe agency or utility and for the providing of service to the properties in the area benefiting from the work, rights, improvements and acquisitions by such agency or utility in accordance with its rates, rules and regulations, and that such agreement shall become effective after proceedings have been taken for the levy of the assessments and sale of bonds and funds are available to carry out the terms of any such agreement. 16. Refunding of Bonds. The bonds may be refunded pursuant to the provisions of Division 11.5 of the Code upon the determination of the Council of the City that the public interest or necessity requires such refunding. Such refunding may be undertaken by the Council when, in its opinion, lower prevailing interest rates may allow reduction in amount of the installments of principal and interest upon the assessments given to owners of property assessed for the works herein described. The refunding bonds shall bear interest at a rate not to exceed that which is stated in the resolution of the Council expressing its intention to issue the refunding bonds, which resolution of intention shall also set forth the maximum term of years of the refunding bonds. Any adjustment to assessments resulting from the refunding will be done on a pro-rata basis. The refunding shall be accomplished pursuant to Division 11.5 (commencing with Section 9500)of the Code,except that,if,following the filing of the Engineer's Report specified in Section 9523 and any subsequent modifications of the Engineer's Report,the Council finds that each of the conditions specified in the resolution of intention to issue the refunding bonds is satisfied and that adjustments to the assessments are on a pro-rata basis, the Council may approve and confirm the Engineer's Report and may,without further proceedings,authorize, issue and sell the refunding bonds pursuant to Chapter 3 (commencing with Section 9600) of Division 11.5 of the Code. 17. No Private Contract. Notice is hereby given that, in the opinion of this Council, the public interest will not be served by allowing the property owners to take the contract for the construction of the improvements and therefore that, pursuant to Section 5 20487 of the California Public Contract Code, no notice of award of contract shall be published. 18. Collection and Advance Payments of Assessments. It is the intention of this Council that collection of assessments, advance retirement of the bonds, and advance payment of assessments shall be conducted and accomplished in accordance with the alternative procedure specified by Sections 8760, et. seq, of the Code. 19. Annual Assessment for Administrative Costs. This Council hereby makes the following costs incurred by the City, and not otherwise reimbursed, chargeable on each parcel in Assessment District No. 164 in an annual amount not to exceed two percent(2%) of the annual assessment due on each said parcels, referred to more particularly in the report of the Engineer of Work: (a) Costs resulting from the administration and collection of assessments; (b) Costs resulting from the administration and registration of the bonds; and (c)Costs resulting from the administration of the reserve fund and other related funds established in connection with bonds, including without limitation the costs and expenses associated with complying with federal arbitrage requirements. 20 No Proceedings Under Special Assessment Investigation Limitation and Majority Protest Act of 1931 Required. A petition signed by the owners of more than sixty percent(60%)of the property proposed to be assessed for the cost of the acquisitions and improvements waiving, among other things, the provisions of the Special Assessment Investigation, Limitation and Majority Protest Act of 1931, Division 4 of the Code ("Majority Protest Act"), is on file in the office of the City Clerk and written evidence satisfactory to the Council has been submitted indicating that the proposed assessment will not exceed seventy-five percent(75%)of the estimated fair market value of any land to be assessed as valued after the proposed public improvements are constructed as to the lands which are in the process of being subdivided, and as to which Sections 2804.1 and 2804.2 apply, and proceedings under said Majority Protest Act will not be taken. 21. References to Statutory Provisions. All references in this resolution to statutory provisions of the Streets and Highways Code shall be deemed to include any and all amendments to those provisions. 22, Repeal of Inconsistent Resolutions. Any resolution of this City Council, and any part of such resolution, inconsistent with this resolution, is hereby repealed to the extent of such inconsistency. 23. Effective Date. This resolution shall become effective upon the date of its adoption. 6 ADOPTED this 6" day of October, 2004. AYES: NOES: ABSENT: ATTEST: CITY OF PALM SPRINGS, CALIFORNIA By City Clerk City Manager REVIEWED & APPROVED AS TO FORM: 7 EXHIBIT A CITY OF PALM SPRINGS ASSESSMENT DISTRICT NO. 164 "MOUNTAIN GATE II" DESCRIPTION OF WORK RESOLUTION NO. OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA DECLARING ITS INTENTION TO FORM A 1913 ACT ASSESSMENT DISTRICT, USING 1915 ACT BONDS TO MAKE ACQUISITIONS OF CERTAIN ELIGIBLE PUBLIC IMPROVEMENTS, AND DIRECTING THE PREPARATION OF A PRELIMINARY ENGINEER'S REPORT FOR MOUNTAIN GATE II TRACTS 32028 AND 32028-1 BY MOUNTAIN GATE II PALM SPRINGS VENTURES, LLC; ASSESSMENT DISTRICT NO. 164. WHEREAS, on January 22, 1992, the City Council of the City of Palm Springs adopted Resolution No. 17774 adopting Policies and Procedures for Special District Municipal Bond Financing (the "City Policies") for certain public improvements for City and private development projects, under the 1911, 1913, 1915 Acts and 1972 Community Facilities District Act; and WHEREAS, on April 3, 2002, the City Council of the City of Palm Springs adopted Resolution No. 20304, which amends Resolution No. 17774, to allow municipal bond financing for single family subdivisions; and specifying a 2-percent maximum Special Tax per property, including the general property tax; requiring a District Application Form;establishing a $10,000 Application Fee, for developers to pay for City staff costs for the district formation process; and approved a Disclosure Statement form to be signed by each prospective home buyer within the district to disclose all district costs and declare that municipal bonds would be issued which would cause an assessment to be placed on each property owner's tax bill for a period of years, including a covenant that runs with the land in all title reports; and WHEREAS, Mountain Gate II Palm Springs Ventures, LLC, a Delaware limited liability company and an experienced land developer (the "Developer"), wishes to construct the "Mountain Gate ll" development (Tracts 32028 and 32028-1) and is in compliance with Resolutions No. 17774 and 20304 and has completed the required District Application Form and paid the required $10,000 Application Fee with intent to construct a 196 Unit single family home subdivision located at the southwest corner of Palm Canyon Drive, to the west of the existing Mountain Gate Project in the City of Palm Springs, using Municipal Bond financing for certain eligible public improvements for Tracts 32028 and 32028-1; and WHEREAS, Developer has completed the required District Application Form and paid the required $10,000 Application Fee, and the District Application requests formation of an assessment district ("Assessment District 164") with a total assessment amount of $3,806,000 which is above the minimum assessment amount of$2,000,000 established by the City's Policies; and WHEREAS, the City Council considered the District Application and the Special Districts Committee's recommendations for further consideration and processing of Assessment District 164 at its July 28, 2004, meeting, and authorized staff to proceed with the formation of Assessment District 164; and WHEREAS, City staff have entered into a contract services agreement with Albert A. Webb Associates to serve as the City's Assessment Engineer for Assessment District 164, and it has prepared a Preliminary Engineer's Report (the "Engineer's Report") for consideration of the formation of Assessment District 164. NOW, THEREFORE, BE IT RESOLVED, as follows: f I 1. Intention. The public interest, convenience and necessity require, and this City Council intends to order the making of the construction of certain public improvements, together with the acquisition of all easements, rights-of-way, and lands necessary therefor described in Exhibit "A" attached hereto and made a part hereof. 2. Law Applicable. Except as herein otherwise provided for the issuance of bonds, all of the work shall be done as provided in the Municipal Improvement Act of 1913, Division 12 of the Streets and Highways Code of California (the "Code"). 3. Nature and Location of and Grades for Improvements. All of the work and improvements are to be constructed at the places and in the particular locations, of the forms, sizes, dimensions and materials, and at the lines, grades and elevations, as shown and delineated upon the plans, profiles and specifications to be made therefor, as hereinafter provided. There is to be excepted from the work above described any of such work already done to line and grade and marked excepted or shown not to be done on the plans, profiles and specifications. Whenever any public way is herein referred to as running between two public ways, or from or to any public way, the intersections of the public ways referred to are included to the extent that work is shown on the plans to be done therein. The streets and highways are or will be more particularly shown in the records in the office of the County Recorder of the County of Riverside, State of California, and shall be shown upon the plans. For a general description of the area to be included in Assessment District No. 164 of the City of Palm Springs, reference is hereby made to a map which is on file with the City Clerk. 4. Change of Grade. Notice is hereby given of the fact that in many cases the work and improvements will bring the finished work to a grade different from that formerly existing, and that to the extent the grades are hereby changed, the work will be done to the changed grades. 5. Work on Private Property. In cases where there is any disparity in level or size between the improvements proposed to be made herein and private property and where it is more economical to eliminate such disparity by work on the private property than by adjustment of the work on public property, it is hereby determined that it is in the public interest and more economical to do such work on private property to eliminate such disparity. In such cases, the work on private property shall, with the written consent of the owner of the property, be done and the actual cost thereof may be added to the proposed assessment of the lot on which the work is to be done. 6. Official Grades. This Council does hereby adopt and establish as the official grades for the work the grades and elevations to be shown upon the plans, profiles and specifications. All such grades and elevations are to be in feet and decimals thereof with reference to the datum plane of this City. 7. Descriptions-General. The descriptions of the acquisitions and improvements and the termini of the work contained in this Resolution are general in nature. All items of work do not necessarily extend for the full length of the description thereof. The plans and profiles of the work and maps and descriptions as contained in the Engineer's Report, hereinafter directed to be made and filed, shall be controlling as to the correct and detailed description thereof. 8. Special Benefit and Boundary Map. The contemplated acquisitions and improvements, in the opinion of this Council, are of more than local or ordinary publicbenefit, and the costs and expenses thereof are made chargeable upon an assessment district, the exterior boundaries of which are shown on a map thereof on file in the office of the City Clerk, to which reference is hereby made for further particulars. The map indicates by a boundary line the extent of the territory included in the proposed district and shall govern for all details as to the extent of the assessment district. 2 � � 9. Filing of Boundary Map. The City Clerk is directed to file a copy of the Boundary Map with the County Recorder not later than 15 days after the adoption of the Resolution setting a time and place for a public hearing on the Engineer's Report. 10. Engineer's Report. Albert A. Webb Associates is the Engineer for this Assessment District (the"Engineer of Work'), and the Engineer of Work is hereby directed to make and file with the City Clerk a final Engineer's Report in writing, presenting the following: (a) Maps and descriptions of the lands and easements to be acquired, if any; (b) Plans and specifications of the proposed improvement if the improvements are not already installed. The plans and specifications do not need to be detailed and are sufficient if they show or describe the general nature, location, and extent of the improvements. If the assessment district is divided into zones, the plans and specifications shall indicate the class and the type of improvements to be provided for each zone. The plans or specifications may be prepared as separate documents, or either or both may be incorporated in the Engineer's Report as a combined document. (c) A general description of works or appliances already installed and any other property necessary or convenient for the operation of the improvements, if the works, appliances, or property are to be acquired as part of the improvements. (d) An estimate of the cost of the improvements and of the cost of lands, rights-of-way, easements, and incidental expenses in connection with the improvements, including any cost of registering bonds. (e) A diagram showing, as they existed at the time of the passage of this Resolution, all of the following: (1) The exterior boundaries of the assessment district. (2) The boundaries of any zones within the district. (3) The lines and dimensions of each parcel of land within the district. Each subdivision, shall be given a separate number upon the diagram. The diagram may refer to the county assessor's maps for a detailed description of the lines and dimensions of any parcels, in which case those maps shall govern for all details concerning the lines and dimensions of the parcels. (f) A proposed assessment of the total amount of the cost and expenses of the proposed improvement upon the several subdivisions of land in the district in proportion to the estimated benefits to be received by each subdivision, respectively, from the improvement. In the case of an assessment for installation of planned local drainage facilities which are financed, in whole or in part, pursuant to Section 66483 of the California Government Code, the assessment levied against each parcel of subdivided land may be levied on the basis of the proportionate storm water runoff from each parcel. The assessment shall refer to the subdivisions by their respective numbers as assigned pursuant to subdivision (e). (g) A proposed maximum annual assessment upon each of the several subdivisions of land in the district to pay costs incurred by this City and not otherwise reimbursed which result from the administration and collection of assessments or 3 / V�,7( n from the administration or registration of any associated bonds and reserve or other related funds. (h) Included in the incidental expenses to be assessed against properties located within Assessment District No. 164 shall be the following: (i) A special reserve fund for the bonds to be issued (as set forth in Section 11 below), which fund is to be established pursuant to Part 16 of Division 10 of the Code, Sections 8880 et seq., in an amount not to exceed ten percent (10%) of the proceeds of said bonds. (ii) Capitalized interest on said bonds fora period of not to exceed two years from their date of issue. (iii) Initial fees of a trustee for said bonds to be selected by the Director of Finance of the City. When any portion or percentage of the costs and expenses of the acquisitions and improvements is to be paid from sources other than assessments, the amount of such portion or percentage shall first be deducted from the total estimated cost and expenses of the acquisitions and improvements, and the assessment shall include only the remainder of the estimated cost and expenses. 11. Issuance of Bonds. Serial bonds or term bonds, or both, (the "Bonds") bearing interest at a rate not to exceed twelve percent(12%) per annum shall be issued to represent each assessment remaining unpaid for thirty (30) days after the date of recordation of the Notice of Assessment. The last installment of the bonds shall mature a maximum of twenty- five (25)years from the second day of September next succeeding twelve (12) months from their date. The bonds are as authorized under the Code, and are to be issued pursuant to and as provided in the Improvement Bond Act of 1915, Division 10 of the Code.The principal amount of bonds maturing, or subject to mandatory redemption from sinking fund installments in the case of term bonds, each year shall be such that the amount of principal maturing each year plus the amount of interest payable in that year will be an aggregate amount that is substantially equal each year, except for the amounts becoming due on the first series of the bonds of any division which shall be adjusted to reflect the amounts of interest earned from the date of the bonds to the date when the first interest is payable on such bonds. The bonds may be issued in divisions as permitted by Section 8650.1 of the Code. 12. No Obligation to Cure Deficiencies. In the event of any deficiency in the bond redemption fund to be established hereafter in these proceedings, the District will not be obligated to advance available funds from the District treasury to cure any such deficiency. 13. Use of Surplus. If any excess shall be realized from the assessment it shall be used, in such amounts as this Council may determine, in accordance with the provisions of the Code, for one or more of the following purposes: (a) Transfer to the general fund of this City, provided that the amount of any such transfer shall not exceed the lesser of $1,000 or 5% of the total amount expended from the improvement fund; (b) As a credit upon the assessment and any supplemental assessment or for the redemption of bonds, or both; or (c) For the maintenance of the improvements. 4 ®/ 14. Contact Person. Thomas M. Kanarr, Director of Finance and Treasurer of the City, is hereby designated as the person to answer inquiries regarding any protest proceedings to be had herein, and may be contacted during regular office hours at 3200 E. Tahquitz Canyon Way, Palm Springs, CA 92262, or by calling telephone number (760)323- 8221. 15. Contracts with Others. To the extent that any of the work, rights, improvements and acquisitions indicated in the Engineer's Report, to be made as provided herein, are shown to be connected to the facilities, works or systems of, or are to be owned, managed and controlled by, any public agency other than this City, or of any public utility, it is the intention of this Council to enter into an agreement with such public agency or public utility pursuant to Chapter 2 (commencing with Section 10100) of the Code,which agreement may provide for, among other matters, the ownership, operation and maintenance by such agency or utility of the works, rights, improvements and acquisitions, and may provide forthe installation of all or a portion of such improvements by the agency or utility and for the providing of service to the properties in the area benefiting from the work, rights, improvements and acquisitions by such agency or utility in accordance with its rates, rules and regulations, and that such agreement shall become effective after proceedings have been taken for the levy of the assessments and sale of bonds and funds are available to carry out the terms of any such agreement. 16. Refunding of Bonds. The bonds may be refunded pursuant to the provisions of Division 11.5 of the Code upon the determination of the Council of the City that the public interest or necessity requires such refunding. Such refunding may be undertaken by the Council when, in its opinion, lower prevailing interest rates may allow reduction in amount of the installments of principal and interest upon the assessments given to owners of property assessed for the works herein described. The refunding bonds shall bear interest at a rate not to exceed that which is stated in the resolution of the Council expressing its intention to issue the refunding bonds, which resolution of intention shall also set forth the maximum term of years of the refunding bonds. Any adjustment to assessments resulting from the refunding will be done on a pro-rata basis. The refunding shall be accomplished pursuant to Division 11.5 (commencing with Section 9500) of the Code, except that, if, following the filing of the Engineer's Report specified in Section 9523 and any subsequent modifications of the Engineer's Report, the Council finds that each of the conditions specified in the resolution of intention to issue the refunding bonds is satisfied and that adjustments to the assessments are on a pro-rata basis, the Council may approve and confirm the Engineers Report and may, without further proceedings, authorize, issue and sell the refunding bonds pursuant to Chapter 3 (commencing with Section 9600) of Division 11.5 of the Code. 17. No Private Contract. Notice is hereby given that, in the opinion of this Council, the public interest will not be served by allowing the property owners to take the contract for the construction of the improvements and therefore that, pursuant to Section 20487 of the California Public Contract Code, no notice of award of contract shall be published. 18. Collection and Advance Payments of Assessments. It is the intention of this Council that collection of assessments, advance retirement of the bonds, and advance payment of assessments shall be conducted and accomplished in accordance with the alternative procedure specified by Sections 8760, et, seq. of the Code. 19. Penalty for Delinquent Payments of Assessments. A penalty of two percent(2%) per month of the total amount of any delinquent installment shall be added to the delinquent installment after the close of business on the delinquency date and an additional penalty of two percent (2%) of the amount of the delinquency shall be added at the beginning of business on the tenth (10'h) day of each succeeding month until that delinquent installment P and all penalties thereon are fully paid. This penalty shall be in lieu of all other penalties 5 assessed by other provisions of the law. The County Treasurer and Tax Collector, as the collection agent for the district, shall collect the penalties with, as the part of, the delinquent installments. All penalties collected shall be paid over to the bank appointed by the City as trustee, registrar, paying agent and transfer agent, and upon such payment being made, all such payments shall be deposited in the redemption fund for the bonds. 20. Annual Assessment for Administrative Costs. This Council hereby makes the following costs incurred by the City, and not otherwise reimbursed, chargeable on each parcel in Assessment District No. 164 in an annual amount not to exceed two percent(2%)of the annual assessment due on each said parcels, referred to more particularly in the report of the Engineer of Work: (a) Costs resulting from the administration and collection of assessments; (b) Costs resulting from the administration and registration of the bonds; and (c) Costs resulting from the administration of the reserve fund and other related funds established in connection with bonds, including without limitation the costs and expenses associated with complying with federal arbitrage requirements. 21 No Proceedings Under Special Assessment Investigation, Limitation and Majority Protest Act of 1931 Required. A petition signed by the owners of more than sixty percent (60%) of the property proposed to be assessed for the cost of the acquisitions and improvements waiving, among other things, the provisions of the Special Assessment Investigation, Limitation and Majority Protest Act of 1931, Division 4 of the Code ("Majority Protest Act'), is on file in the office of the City Clerk and written evidence satisfactory to the Council has been submitted indicating that the proposed assessment will not exceed seventy-five percent (75%) of the estimated fair market value of any land to be assessed as valued after the proposed public improvements are constructed as to the lands which are in the process of being subdivided, and as to which Sections 2804.1 and 2804.2 apply, and proceedings under said Majority Protest Act will not be taken. 22. References to Statutory Provisions. All references in this resolution to statutory provisions of the Streets and Highways Code shall be deemed to include any and all amendments to those provisions. 23. Repeal of Inconsistent Resolutions. Any resolution of this City Council, and any part of such resolution, inconsistent with this resolution, is hereby repealed to the extent of such inconsistency. 24. Effective Date. This resolution shall become effective upon the date of its adoption. ADOPTED this_day of , 2004. AYES: NOES: ABSENT: ATTEST: CITY OF PALM SPRINGS, CALIFORNIA City Clerk City Manager REVIEWED &APPROVED AS TO FORM: 6 EXHIBIT A DESCRIPTION OF WORK ASSESSMENT DISTRICT NO. 164 (MOUNTAIN GATE 2) CITY OF PALM SPRINGS The public improvements proposed to be installed, constructed, and financed by Assessment District No. 164 (Mountain Gate 2) generally consist of street improvements, sewer and water improvements, landscaping and electric utility improvements, water and sewer facility fees, and cabling and connection fees, more specifically described as follows: ZONE i — "THE VENTANA COLLECTION" TRACT NO. 32028 and 32028-1 (115 RESIDENTIAL LOTS) Plans and Specifications The cost of approved plans for the improvements to be acquired. Sewer Sewer improvements including 8-inch diameter sewer main and 4-inch diameter sewer laterals, together with appurtenances and appurtenant work, all in the interior public rights-of-way to serve each residential lot. Water Water improvements including water mains and 1-inch diameter water service lines, together with appurtenances and appurtenant work, all in the interior public rights-of-way to serve each residential lot. Landscaping Landscape improvements including parkway landscaping, together with appurtenances and appurtenant work, on the northeasterly side of Palm Canyon Drive (State Highway 111) located within Tract 32028 and 32028-1 as shown on the Assessment Diagram in Section 4, directly adjacent to the tract boundaries of Tract 32028 and 32028-1. Underground Existing Power Lines Includes but is not limited to undergrounding existing overhead electric power lines (Southern California Edison) within the public rights-of-way and easements in Tract No. 32028 and 32028- 1, appurtenances and appurtenant work. Water and Sewer Tees Includes water facility fees for the Desert Water Agency and sewer facility fees for the City of Palm Springs. ZONE 2 — "THE EL DORADO COLLECTION", TRACT NO. 32028 and 32028-1 (81 Lots Plans and Specifications The cost of approved plans for the improvements to be acquired. Sewer Sewer improvements including 8-inch diameter sewer main and 4-inch diameter sewer laterals, together with appurtenances and appurtenant work, all in the interior public rights-of-way to serve each residential lot. Water Water improvements including water mains and 1-inch diameter water service lines, together with appurtenances and appurtenant work, all in the interior public rights-of-way to serve each residential lot. / V6F Landscaping Landscape improvements including parkway landscaping, together with appurtenances and appurtenant work, on the northeasterly side of Palm Canyon Drive (State Highway 111) located within Tract 32028 and 32028-1 as shown on the Assessment Diagram in Section 4, directly adjacent to the tract boundaries of Tract 32028 and 32028-1. Underground Existing Power Lines Includes but is not limited to undergrounding existing overhead electric power lines (Southern California Edison) within the public rights-of-way and easements in Tract No. 32028 and 32028- 1, appurtenances and appurtenant work. Water and Sewer Fees Includes water facility fees for the Desert Water Agency and sewer facility fees for the City of Palm Springs. RESOLUTION NO. RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING BOUNDARY MAP OF PROPOSED ASSESSMENT DISTRICT NO. 164 AND ORDERING THE SAME TO BE FILED AND RECORDED. Assessment District No. 164 (Mountain Gate ll) WHEREAS, this City Council of the City of Palm Springs (the "Council" and "City") proposes to take proceedings for the formation of a special assessment district to be designated "Assessment District No. 164" pursuant to the Municipal Improvement Act of 1913, Division 12 of the Streets and Highways Code, for the acquisition and construction of certain public improvements; and WHEREAS, a boundary map of said proposed special assessment district has been presented to this Council; NOW, THEREFORE, the City Council of the City of Palm Springs, California DOES HEREBY FIND, RESOLVE, DETERMINE AND ORDER: 1. Section 1. Approval of Boundary Map. The boundary map of proposed Assessment District No. 164 is hereby approved. 2. Section 2. Filing of Map in Board Clerk's Office. The City Clerk is hereby directed to place said map on file in said Clerk's office and to note thereon the approval of said map by this Council as provided herein. 3. Section 3. Recording of Map. The City Clerk is hereby directed to record said map in the office of Riverside County Recorder within fifteen (15) days after the adoption by this Council of the resolution fixing the time and place of the hearing on the Engineer of Work's report. 4. Section 4. Repeal of Inconsistent Resolutions. Any resolution of the Council and any part of such resolution inconsistent with this resolution is hereby repealed to the extent of such inconsistency. 5. Section 5. Effective Date. This resolution shall be effective upon the date of its adoption. ADOPTED this day of 12004 AYES: NOES: ABSENT: ATTEST: CITY OF PALM SPRINGS, CALIFORNIA By: City Manager City Clerk REVIEWED &APPROVED I PEo7F�r1115_61Y 6 .2W3 AT i!E tIXP OF ASSESSMENT DIAGRAM FOR ASSESSAWNT DISTRICT NO. 164 Ate?!O un LYMM.Nm FlcxLnles oaTRxCfs.IN RE EFFTCE 0=rlE . Qrf AY• tEmiml p1 T1E mwrY ff P3YFS£aIIE SLATE ff ru tFunv.. AS491A5 PAAB AO. MOIMTAN GATE 2 1 ssr o1s 9 Glfff L.6E1 flIYdSIIE[0.MY AS4SiQi-¢EAH£fAfiT•A C?Y OF PALM SPRIYGS COUNTY OF RIVERSDE; STATE OF CALFORAIA fly DISTRICT LEfSRY BOUNDARY , 1 F1LD7 Pl TF£6F➢£ff ilE 9FFABIIFIlf]]li 6 SRETS EF 6 r!E Cm OF PNJI�IIICS lN6_6IY OF •TOT. 91ER�➢IIFILENT _ CI,Y°F PAL4 ERV1Nfia, TRACT NO. s a soy S ATE 6 fJL7 32028 14 ti 12 o VTSSA Im 10 laa la fol N 1L0 Ary ASR9Qlx MAs Levm eY I cm mm aF TIE cm a FILM SADYS w 11£LO PIEC Iw PI 6 LNL 9Y%f1 _ w I m ASs99fI OIIfiUM w T _NY OF_2aTi, 19 M M Al rq SAID ASaES9FItI°UfA14 ILO RE Aff94R RYL FETE 2CQR'➢ IN TE 6ti I�fF T£9PFAIIREILEl�i OF EilEF15 W liE—OAY ° rF Poo3 tEFVExa>=Ts wrE ro TFE As�wr Ro.L o� - m QFcrn PHASE 1 r�m TIE o-�ff TIE sEEnnnEr�xr aF srPEETs ruR z rFE EY.<Ci MIlNI 6 EIRi 1ff4]fNi LEVIEll IGAIISL E<OI PYCEL B j] 4=LNU gqN py rN=AS£S4pJ1'OIIfNM. 2 ,SytP ]! m ALTA CPESTA � 35 FREO III llE R lm OF Th cm O,FA(CF 1}£Cm 6 P" b 19 SA➢Cv' STATE OF CY haNIA.T M_OAY W�2CO3 M 5 JI H q I IY ]l CITY 0_FSi(CF llE C[fT 6 F.LLN 53iIIL5 SLATE 6 CLLIFQNu n �UNq 'U .� 9 lr 5z 53 AgIHAs 69„ rN S' a ,s TRACT NO. m a w ss 15 32028 ,ww,eM A a t0ce la � as sz R �l Y 9 u TRACT N0. „ AST`Q?no. a9f-aaof 9p a, b n na 32028-1 °a ASff". S PAr AV. 1 4i e T '] « F 79 72 Lt' n a s /A « l s <s a VICINITY MAP c'9A'p0 f; u 63 w a . M.T.S Imn oMw N d .] i TRACT W. 32028 J s-LOM 19$AOES LEGETD I d TRACT hq. 3202E-1 9f -LOM ll. AGES DMUCT BaMW "0 a �< 9xtI11w] NW m scue TOTAL- 19s-furs 31�Aa�s °rsrq io P R A L 9 E R 00 `� mm ¢ate 11 TRACT NO. ° i A IiLLS A�fIR II[Y/N[QiECILY 9G5 EAO1 3PN1ArE LOT °NFS �4 �T as F.uYfl G< I II1Lnm Mlma�t�E euw�FTFs aF TEE y/ ¢ rz y 32028s 1 w YJYSE f1f W JMJ 1K/ SAS E R IP FOP E AIlS RG E FS D m>tisxac aF Lmm ofl lriELS lav+�To W.O. 04-0339 if£oxxrr ASSOCIATES AS>=60fl5 WPS FQV FIYIl YFIA EOO�2000 RESOLUTION NO. RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, PRELIMINARILY APPROVING REPORT OF ENGINEER OF WORK AND FIXING TIME AND PLACE OF HEARING THEREON Assessment District No. 164 (Mountain Gate II) WHEREAS, this City Council ("Council") of the City of Palm Springs has heretofore adopted its Resolution of Intention, Resolution No. ("Resolution"), declaring its intention to acquire and construct certain public improvement work (the "Project") within proposed Assessment District No. 164, under the Municipal Improvement Act of 1913, Division 12 of the Streets and Highways Code of the State of California (the "Act"); and WHEREAS, the Council, in said Resolution directed the Engineer of Work ("Engineer") to procure the required information and prepare and present to the Board a written report on the Project required by the Act; and WHEREAS, the Engineer has prepared such report and presented it to this Council on this date; NOW, THEREFORE, the City Council of the City of Palm Springs, California DOES HEREBY FIND, RESOLVE, DETERMINE AND ORDER as follows: Section 1. Preliminary Approval of Report. Said report be and the same hereby is preliminarily approved, and the City Clerk is directed forthwith to endorse the fact and date of such approval on said report in the office of the City Clerk ("Clerk"). Section 2. Time and Place of Hearing. That the I" day of December, 2004, at the hour of seven o'clock P.M., in the Council Chambers, 3200 E. Tahquitz Canyon Way, Palm Springs, California, is hereby fixed as the time and place of hearing on said report, and such hearing shall be held by this Council. Section 3. Mailing of Notice. The Clerk is hereby further directed to cause notice of such hearing at which the Project will be considered to be mailed at least forty- five (45) days prior to such hearing as provided in the Act and Government Code Section 53753, postage prepaid, to all persons whose property is proposed to be assessed to pay any part of the cost of the Project, whose names and addresses appear on the last equalized roll or as known to the Clerk. Section 4. Mailing of Ballots. The Clerk is hereby directed to cause assessment ballots mailed along with the notices described in Section 3 hereof as required by Government Code section 53753. Such ballots shall be tabulated by the Clerk at the conclusion of the hearing. Section 5. Repeal of Inconsistent Resolutions. Any resolution of the City Council and any part of such resolution inconsistent with this resolution is hereby repealed to the extent of such inconsistency. Section 6. Effective Date. This resolution shall become effective upon the date of its adoption. ADOPTED this day of 2004 AYES: NOES: ABSENT: ATTEST: CITY OF PALM SPRINGS, CALIFORNIA By: City Manager City Clerk REVIEWED &APPROVED 23891.1