HomeMy WebLinkAbout7/21/2004 - STAFF REPORTS (21) DATE: July 21, 2004
TO: City Council
FROM: Director of Public Works/City Engineer
ASSESSMENT DISTRICT 164
RECOMMENDATION:
It is recommended that the City Council approve the application for further processing of
the formation of Assessment District 164, submitted by Century Crowell Communities,
L.P., in accordance with the City's Policies and Procedures for Special Assessment and
Mello-Roos Community Facility District (CFD) Municipal Bond Financing for Public
Improvements for Development Projects; and authorize staff to select and negotiate
contracts with consultants for an assessment engineer's report, appraisal and market
absorption study; and collect necessary deposits from the applicant to fund consultant
contracts.
SUMMARY:
An application was filed with the City on February 24, 2004 for formation of a 1913 Act
Assessment District using 1915 Act Bonds for "Mountain Gate II", Tentative Tract Map
32028, located adjacent to Highway 111, north of Gateway Drive. This development is
being constructed by Century Crowell Communities, L.P., and is a direct extension of
Mountain Gate I, consisting of 196 single family homes. The City has established
Policies and Procedures for Special Assessment and Mello-Roos Community Facility
District (CFD) Municipal Bond Financing for Public Improvements for Development
Projects (the "Policy') that outlines the minimum criteria for Assessment Districts formed
in the City, as well as the guidelines and process for their formation. The Policy
established a Special Districts Committee comprised of various staff members, and it is
the Committee's responsibility to review the Assessment District Application and render
an opinion regarding the City Council's approval or denial of its formation.
BACKGROUND:
Century Crowell Communities, L.P., is the developer of "Mountain Gate II", Tentative
Tract Map 32028, located on the northeast side of Highway 111 and north of Gateway
Drive. This development is a direct extension of "Mountain Gate I", currently under
construction of its final phase by the developer, and for which the City approved
Assessment District 161 for public financing of its construction. The Mountain Gate I
development will construct 308 single family homes, while Mountain Gate II development
will add another 196 single family homes, for a total of 504 new single family homes in
that development. The City Council recently approved Tentative Tract Map 32028 at its
July 7, 2004, meeting.
Carlos Cueva of Century Crowell Communities, L.P., has submitted an application for
formation of a 1913 Act Assessment District using 1915 Act Bonds for the public
improvements for Mountain Gate II. In accordance with the City's Policy, 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.
Assessment District 164
July 21, 2004
Page 2
The applicant is proposing that Assessment District 164 fund public sewer
improvements, water improvements, street improvements, drainage improvements,
landscaping improvements, undergrounding of existing electrical lines, sewer fees, water
fees, engineering costs, and all district formation and financing costs. The total
estimated bond amount for Assessment District 164 initially proposed was $5,067,996.
The Committee reviewed the application and had the following concerns:
1. The total proposed assessment of $5,067,996 was higher than the total assessment
approved for Assessment District 161, which was spread over 308 homes as
compared to a spread of over 196 homes for the new Assessment District.
2. The proposed total assessment per lot was $24,000 for the Ventana product and
$26,000 for the El Dorado product, higher than the assessments of $13,400 for the
Ventana product and $18,000 for the El Dorado product approved with Assessment
District 161.
3. Proposed sales prices for the Mountain Gate II development are set at approximately
$100,000 more than the initial sales prices for Mountain Gate I development; and
sales prices during construction of the various phases of Mountain Gate I
development increased and kept pace with market demand.
The applicant received the Committee's questions and concerns, and revised the
Assessment District Application in order to address some of those concerns. The
revisions consisted of the following:
1. A $1.1 million reduction of the total proposed assessment to $3,966,997.
2. A $147,500 increase to $431,500 representing the developer's contribution to
Assessment District 164 (nearly 11% of the total proposed assessment).
3. An approximate 20% reduction of assessments per lot with proposed assessments
of$19,000 for the Ventana product and $22,000 for the El Dorado product.
The applicant also provided a submittal of information to identify the facts regarding the
increased initial sales prices for the Mountain Gate II development (see Attachment 2,
letter from Carlos Cueva dated June 30, 2004).
The Special Districts Committee reconvened on July 1, 2004, to review the revised
application and discuss a finding regarding further processing of Assessment District
164. The Committee continued to discuss the disparity regarding the proposed per lot
assessment in Assessment District 164 and the existing assessment per lot in
Assessment District 161. However, giving consideration to the fact that the Mountain
Gate II development includes a substantial more length of Highway 111 frontage, as well
as a more significant length of electrical undergrounding than the Mountain Gate I
development, it was understood by the Committee why the total proposed assessment
was more than the previously approved assessment for Assessment District 161.
Furthermore, the Mountain Gate II development includes 196 lots, as compared to 308
lots in the Mountain Gate I development, yielding a higher per lot assessment.
However, with more careful consideration on the Committee's part, the applicant was
asked to continue to review its proposed assessments and to reevaluate bringing the
proposed assessments in the new development more in line with the assessments in the
existing development. The applicant agreed, and further decreased the proposed
assessment to a level that approximates the percentage of public financing in
Assessment District 161 which was 91.7% of the overall costs within Assessment ist
Assessment District 164
July 21, 2004
Page 3
161. This further reduction revised the total proposed assessment amount to
$3,806,000 yielding a proposed assessment per lot of $17,600 for the Ventana product
and $22,000 for the El Dorado product.
The controlling criteria established in the City's policy on the formation of Assessment
Districts is outlined under Section 4, "Minimum Requirements," Section 1, "Benefit". This
section indicates that the City should consider formation of Assessment Districts if the
following minimum "benefit" criteria are met:
1. The proposed project shall provide major infrastructure improvements that
significantly benefit the general public, and/or
2. The project shall provide significant financial benefit to the City.
Determining whether the proposed Assessment District application meets these two
general criteria is somewhat subjective. However, the application does propose to
construct street improvements and significant parkway landscaping along Highway 111,
and convert existing overhead utility lines to underground facilities within the property, as
well as provide for future regional flood control improvements. The applicant is also
contributing in the Desert Highland Gateway Community through various activities, and
is coordinating with the City's Redevelopment Agency in considering the construction of
Century's residential products on vacant lots within the community. The Committee also
recognizes the significant beneficial impact the Mountain Gate I development has had on
the north Palm Springs area, which will continue through the development of Mountain
Gate Il.
SUBMITTED:
DAVID J. BARAKIAN
Director of Public Works/City Engineer
APPROVED:
G >7
DAVID H. READY
City Manager
ATTACHMENTS:
1. Assessment District Application (final amended)
2. Resolution
June 30, 2004
Mr. Marcus L. Fuller, P.E. Hand Carried
Department of Public Works
and Engineering
CENTURY City of Palm Springs
3200 East Tahquitz Canyon Way
VINTAGE Post Office Box 2743
H O M E S Palm Springs, CA 92263-2743
By Century Crowell
Dear Marcus,
Tharuc you for your letter of June 21, 2004. I have prepared a formal response for your review
and distribution to other staff members in advance of the committee meeting July lst.
Assessment District (AD) Reduction
1.) The total proposed assessments have been substantially lowered in response to the City's
request. As noted in my letter to you of June 18t", the total amount of the proposed
assessment has been revised downward by $1.2 million while Century's owner's
contribution of$431,500 has increased more than 50%. Our initial estimate reflected a
total bond issue of$5,067,996 with assessments of$24,000 and $26,000 for our Ventana
and El Dorado products. The revised estimate reflects a total bond issue of$3,966,997
with assessments of$19,000 and $22,000 respectively. These assessments are
approximately 18.5% (average) higher than the preliminary engineering assessments of
$18,000 and $16,750 as calculated in AD 161 and prepared by Webb & Associates. This
increase reflects the soaring cost hikes associated with raw materials and insurance
premiums incurred over the last year. (See paragraph# 6 below) As you know, the
current assessments under AD 161 were revised downward due to total tax load
considerations.
Costs for City Services
2.) Unfortunately, I am unable to provide you with the costs for Police and Fire Emergency
Services. It is my understanding that the costs of fire services are mitigated due to the
installation of overhead sprinklers in each of the homes. As a gated community, a higher
degree of property protection is afforded the residents and thereby causes less
dependence on police patrols. Finally, the responsibility of street maintenance is borne by
the Mountain Gate Homeowner's Association.
Financial Benefit to the City
3.) Substantial financial benefits to Palm Springs are realized by populating the North Palm
Springs area with the necessary foot traffic to sustain retail businesses. I made an inquiry
to Palm Springs Chamber of Commerce recently and found that retail space in the north
part of the city generates approximately one third the lease rates per square foot, than for
other parts of the City. I was told this was directly related to the lack of"foot traffic"to
the area/ Revitalization of North Palm Springs is occurring not only in the residential 10*0
�y
1535 South D Street, Suite 200, San Bernardino, California, 92408, (909) 381-6007, Fax (909) 381-0041
1-800-BUY-CCNTURYI, http//www.centuryvintage.com
areas, but will become more and more evident in the retail locations, and will
significantly increase sales tax revenues for many years to come.
Sales Price Increases
4.) Sales prices at our Mountain Gate I subdivision have increased but are substantially less
than the local new home subdivisions and resale markets (Charts and Data enclosed).
Century's home prices are up but not to the degree where the benefit from the assessment
carmot be easily determined. The following table from the Meyers Croup (America's
largest and most trusted source for residential real estate information) extracted today,
provides comparisons for Palm Springs new home sales prices, cost per square foot, lot
size and number of homes sold during the four(4) month period from January to April of
this year.
Project -Builder Base Price Finished Cost Per Typical Number
Range Square Ft. Square Foot Lot Size of homes
Range (Sq Ft,) sold
Mountain Gate I $ 269,990 1,211 -2,778 $145 - $223 8,000 39
Century Crowell Communities $ 402,990
Pintura $ 384,900 1,622-2,333 $214 - $237 4,300 26
Creative Communites $ 499,990
Palm Collection $ 267,990 1,900-2,102 $135 - $141 5,500 25
K. Hovnanian $ 282,990
Canyon Collection $ 318,990 2,288 -2,832 $121 - $139 6,000 2
K. Hovnanian $ 344,990
PS Colony $ 512, 000 2,499-3,042 $205 - $276 10,400 14
Par West Industries $ 799,000
The Canyons $ 752,900 2,262-2,673 $333 - $375 10,000 2
Temple Development $ 998,900
As illustrated in the table above, our Mountain Gate Subdivision has the lowest price per square
foot, with the exception of the K.Hovnanian subdivisions whose prices reflects a lot size only
55% to 66% of the typical lot size for a Mountain Gate I home.
The Benefits of Improvement Districts
5.) The advantage to a new homeowner is a lower home purchase price. A $15,000
assessment on a house represents approximately a $25,000 reduction in sales price. The
reduced price drives sales and closings (see table above) and thereby shortens the time
driven costs of model maintenance, loan interest costs, sales and marketing expenses. The
impact of a denial on Century's application for AD 164 assessment would cause a
significant increase in price, thereby slowing sales to the lower absorption rates of other
subdivisions (see table above). In an environment of rising interest rates, Assessment
Districts provide a way for builders to sell homes quickly through lower sales prices,
thereby reducing the risks inherent in real estate development. The higher absorption rate
also allows the City to capitalize on the number of roof tops when engaging commercial
development and revitalization. The model illustrated above is a "win-win-win" for the
homebuyer, the City and the developer.
Rising Costs of Construction
6.) Increased workers compensation insurance, land based costs, and the rising costs of
construction have resulted in dramatic price increases. The cost of land rose 27% per
acre, between the Mountain Gate I and Mountain Gate II subdivisions. Costs that have
been passed through by subcontractors below is a partial list of price increases:
• Workers compensation premiums have risen between 50% to 150% over the last
year. Unfortunately,the higher workers compensation premiums have resulted in
fewer qualified subcontractors, thereby putting additional upward pressure on the
cost of labor, due to the greater demand for building homes.
• Concrete costs are up more than 20%, due to worldwide demand (China), thus
impacting the cost of installing reinforced concrete pipe for underground sewer
and laterals, roof tile and concrete slab foundations.
• Board lumber and plywood prices, as evidenced by the enclosed charts from
Ganahl Lumber, have increased 26 % and 33% respectively, over a 12 month
period.
• The recent run up in fuel prices are factored into all raw material and shipping
costs.
Finally, I have included a copy of an article from the Desert Sun dated January 19, 2004 that
addresses the gentrification that has occurred as a result of the construction of our Mountain
Gate I (AD 161) subdivision. Due to the City's willingness to allow for public financing to
be place on Mountain Gate I, we were able to participate in the gentrification via various
community revitalization projects. Century was involved in two community cleanup
activities and we will continue our involvement with the next planned activity in the Fall
2004. Presently we are working with the Redevelopment Agency to construct five (5) to
eleven (11) moderate priced homes. We anticipate working with our Mountain Gate II
subcontractors to complete these moderate income homes. Century anticipates continued
support of our neighbors within the Desert Highland subdivision and the approval of public
financing will facilitate that continued support.
We respectfully request your support of the public financing for our subdivision and look
forward to our meeting July 1, 2004.
Sincerely,
Carlos H. Cueva
Enclosures
City of Palm Springs
New Home Comparisons
$600,000
$500,000
$400,000
" k • Century Pricing
'm _ —FCompetitor Pricing
> $300,000
d Linear (Century Pricing)
m —Linear(Competitor Pricing)
$200,000
$100,000
$0
1,535 2,460 1,783 2,074 2,277 2,706
1
-Square Footage -
City of Palm Springs 4/26104
Housing Price Comparison
Century Crowell Communities New Home Construction
Plan Square Product Proposed Square Proposed
Type Bedroom Bath Footage Type Price Footage Subdivision Name Price HOA Fees
101 2.00 2.00 1,200 Ventana $274,990
102 3.00 2.00 1,400 Ventana $284,990 1,535 48 at Baristo $399,000
103 3.00 2.00 1,650 Ventana $294,990 1,622 Pintura $384,900 $125
1,675 48 at Baristo $499,000
104 3.00 2.00 1,850 Ventana $304,990 1,740 48 at Baristo $429,990
1,740 48 at Barsto $469,000
1,753 Villas in Old Palm Springs $495,000 $264
201G 4.00 3.00 2,100 El Dorado $334,990 2,103 Canyon Heights $415,990 $350
2,107 Pintura $489,900 $125
2,037 Villas in Old Palm Springs $625,000 $264
202 Alt 3.00 2.00 2,200 El Dorado $359,990 2,209 Canyon Heights $437,990 $350
202 F 3.00 2.00 2,200 El Dorado $359,990 2,333 Pintura $499,990 $125
202 G 4.00 3.00 2,400 El Dorado $384,990 2,350 Canyon Heights $459,990 $350
2,500 Canyon Heights $514,990 $350
2,499 Palm Springs Colony $512,000
2,784 Palm Springs Colony $769,000
3,033 Palm Springs Colony $719,000
3,042 Palm Springs Colony $799,000
2,442 Villas in Old Palm Springs $710,000
Source: Meyers Group
City of Palm Springs
Existing Values
$650,000
$600,000
$550,000
$500,000
$450,000
$400,000
d . ♦ Proposed Prices
$350,000
—�Resale Values
a $300 000 • —Linear (Resale Values)
N �_ = Linear (Proposed Prices)
$250,000
- I
$200 000 �
> "
$150000 r"> «,(-
$100,000
$50,000
$0 y
1,200 1,400 1,650 1,850 2,100 2,200 2,400
Square Footage
City of Palm Springs 4/29/2004
Housing Price Comparison
Century Crowell Communities Palm Springs Resales
Plan Square Product Proposed Square Block
Type Bedroom Bath Footage Type Price Footage Date Sold Price-Sold No. Street
101 2.00 2.00 1,200 Ventana $274,990 1,200 11/7/2003 $318,000 1900 Jacques Dr
1,200 9/12/2003 $326,000 2100 Starr Rd.
1,225 12/19/2003 $295,000 2900 N.Davis Way
1,225 11/26/2003 $300,000 500 E.Francis Dr,
1,225 11/18/2003 $319,000 2800 Sunnyview Dr.
1,278 10/15/2003 $489,000 200 N.Sybil Rd.
Average 1,226 $341,167
102 3.00 2.00 1,400 Ventana $284,990 1,302 9/26/2003 $321,000 200 N.Sunset Way
1,314 1/5/2004 $350,000 200 N.Sunset Way
1,329 11/20/2003 $345,000 1200 Linda Vista Rd.
1,334 1/9/2004 $300,000 2000 E.Racquet Club Rd
1,395 1/7/2004 $290,000 2200 N.Girasol Ave.
1,467 9/26/2003 $295,000 1200 E.Rosarito Way
1,475 10/24/2003 $290,000 1400 E.Adobe Way
Average 1,374 $313,000
103 3.00 2.00 1,650 Ventana $294,990 1,558 1/13/2004 $335,000 2100 E.Paseo Gracia
1,560 1/9/2004 $375,000 1500 S.La Brea Rd
1,600 10/15/2003 $545,000 1000 N.Rose Ave.
1,644 10/16/2003 $363,000 1500 S.Compadre Rd
1,674 9/30/2003 $312,500 2700 E.Livmor Ave
1,674 9/15/2003 $362,000 2700 E.Plaimor Ave
1,682 1/14/2004 $305,000 3000 N.Guy Circle
Average 1,627 $371,071
104 3.00 2.00 1,850 Ventana $304,990 1,717 12/31/2003 $315,000 2100 N.Paseo De Anza
1,832 12/12/2003 $352,500 2000 E.Calls Felicia
1,832 9/10/2003 $430,000 1400 N.Opuntia Rd.
1,836 9/5/2003 $450,000 2200 N.Vista Dr.
1,839 11/17/2003 $575,000 700 E.Chia Rd.
1,865 9/16/2003 $310,000 2200 N.Avenida Caballero
1,865 1/15/2004 $315,000 2000 E.Calle Felicia
1,876 1/29/2004 $365,000 600 Poppy St.
1,892 12/15/2003 $420,000 1000 E.Tachevah Dr.
Average 1,839 $392,600
201G 4.00 3.00 2,100 El Dorado $334,990 2,035 9/12/2003 $599,000 500 W.Via Escuela
2,074 12/19/2003 $365,000 2300 N.Trail Cir.
2,076 10/31/2003 $700,000 700 W.Via Olivera
2,087 1/23/2004 $650,000 200 Camino Sur
2,096 11/4/2003 $560,000 2400 N.Janis Dr.
2,113 12/5/2003 $400,000 2200 E.Conchita Way
2,124 12/16/2003 $640,000 1100 N.Paseo Dero
2,160 11/5/2003 $396,000 2300 E.EI Charm Way
Average 2,096 $538,750
202 Alt 3.00 2.00 2,200 El Dorado $359,990 2,111 10/30/2003 $450,000 1000 E.Marshall Way
202 F 3.00 2.00 2,200 El Dorado $359,990 2,117 10/21/2003 $725,000 500 W.Panga Way
2,135 11/26/2003 $465,000 1500 E.EI Alameda
2,194 9/19/2003 $475,000 1900 S.Yucca PI.
r 2,248 11/4/2003 $370,500 400 N.Orchid Tree Ln.
2,250 12/22/2003 $649,000 700 W.Regal Dr.
2,276 12/3/2003 $625,000 1300 S.Paseo De Marcia
2,289 1/6/2004 $625,000 2200 N.Janis Dr.
Average 2,216 $562,071
202 G 4.00 3.00 2,400 El Dorado $384,990 2,300 12/5/2003 $499,500 1500 S.San Mateo Dr.
2,612 1/16/2004 $676,500 600 W.Leisure Way
2,642 9/18/2003 $465,000 700 W.Raquet Club Rd.
2,650 1/26/2004 $555,000 400 N.Burton Way
2,734 12/12/2003 $438,300 2700 Bonita Cir.
2,742 10/23/2003 $749,000 400 W.Stevens Rd.
Average 2,613 $563,883
4=p��/0
Source: First American Real Estate Solution
06r29 2004 11: 46 9092784001 GANAHL LUMBER PAGE 01/02
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thedesertsun.coin I New housing development in historically poor neighborhood usners in... rage r or t
New housing development in historically poor
neighborhood ushers in era of renewal
By Kimberly TroneThe Desert �( {��I �+{ �}y�
nuary19th,2004 M1� �t1i4� �13 R1_':
• More stories about
On Mountain Gate street in north Palm affordable bousintr
Springs, transformations have begun amid • More stories about
the clamor and din of new-home construction growth and development
at the end of the road.
Mountain Gate
Located: 3599 Mountain Gate,
Geraldine Campbell, 48, is repairing and Palm Springs.
painting the home her elderly mother, a Size: 308-home residential
retired cleating woman, "worked herself to development,houses up to 3,000
bones" to buy more than 30 years ago. "I square feet.
ain't going anywhere. This is our home," Cost:Initially advertised for the high$100,000s, starting prices
Campbell said, expressing optimists her have already increased to the low
mother's long-ago investment as a single, $200,000s.
working mother of four was going to Information: 325-5740 or
appreciate after years of decline. www.centuryvintageliomes.com
Next door, 42-year-old Wendy Gray said she ■ Post or read comments in
dislikes being next to a construction site but our online forums
also believes the value of her childhood
home in the predominantly black north-end neighborhood has begun to
increase.
Both Campbell and Gray live adjacent to Mountain Gate Palm Springs, a
308-home residential development under construction.
The residential development is the largest to open in Pahn Springs in
decades.
The block walls ringing the master planned comanunity by Century Vintage
Homes abut one of the city's oldest and poorest neighborhoods. Many living
there are sons and daughters of families living in low-income homes razed
by the city in the 1950s and 1960s to make way for new development.
Locating in a downtrodden neighborhood was not a concern to buyer
Roberta Kleunbaus, 49, who said she stood among a throng of prospective
buyers waiting to get into Mountain Gate when homes went on sale July 19.
"I have already seen a change in the surrounding neighborhood," said
IUeinhaus,who was showing off a model of her future horse last week to a
fiiend. She hopes to move into her home sometime in April.
"People are painting, cleaning up and putting in landscaping. It's about pride
of ownership. Gentrification is going to happen before we can blink an eye."
hit,-.•//xxnxnxrIharlP I-Ilcnnrnm III rtxtc/clnriae7(1(14/I or21/9 00401 1 9Ol0441.Sb1nl1 1/19/2004
thedesertsun.com I New housing development in historically poor neighborhood ushers in... Page 2 of 2
So far, 179 of the 308 Mountain Gate homes have sold. Last week couples,
singles, seniors and families swanned the on-site models for a look.
Kleinhaus' two-bedroom, two-bath unit on a pie-shaped lot cost her
$176,900.
Starting prices in the development have already increased to the low
$200,000s. In November, the median price of a new home in the valley was
$293,500 according to DataQuick hhformation Systems.
Homeowners association fees to pay for upkeep of pools and other amenities
such as playgrounds and picnic areas are expected to nm about $70 a month.
Tony Scimia, senior vice president of sales and marketing for Century
Vintage Homes; said the entire comnumity will improve with Mountain
Gate's opening.
While Century Vintage Homes has built pricier projects in the valley, Scimia
said his company recognizes the need for homes affordable to seniors and
first-time buyers.
Increased expenses of subcontractors and materials, more than market
demand, had to do with homes in Mountain.Gate rising from the initially
advertised price of the high$100,000s, Scimia said.
"We, feel the more affordable arena is the wisest business at this time,"
Scimia said. "We have had a very long, healthy run in the home industry
with very high numbers. We are hoping this will last forever,but we are
preparing for the future."
For residents living next to Mountain Gate,however, the future of their
neighborhood is as much about the past as it is the new development next
door.
"We call this the `hood' now," said Gray, as she looked down the road going
opposite of Mountain Gate, at the drooping, weathered houses that were new
when she moved in. "We all grew up here and everybody is like family."
JF
o.a..... ..... Ar„n nit4nnna
JUL, -21' 04(WE01 16:111 CENTURY CROWELL COMMUNITIES TEL;909 885 5005 F. 002
CENTURY July 21, 2004
VINTAGE
HO M F s John S.Raymond,
By Century Crowell Director of Community and Economic Development
CITY OF PALM SPRINGS
3200 E.I'ahquita Canyon Way
Palm Springs.Cnlifamin 92262
RE; Mountain Gate II,located in the City of Palm Springs, County of
Riverside,California
Dear John:
As you are aware,Century Crowell Communities,L.P. ("Century'l has the right
to purchase that certain real property located in the City of Palm Springs, California
commonly known as Mountain Gate 1I,
We understand that the City of Palm Springs would like to make certain
improvements to the Palms Springs Visitors Center and the Desert Highland Unity Center
in the near future, As you mentioned in your July 12,2004 letter,these improvements
will provide a wide public benefit as well having a nexus to Mountain Gate IL As part of
the planned acquisition of Mountain Gate II and subsequent development of such project,
Century would like to contribute Two Nandred Fifty Thousand Dollars($250,000)to the
City of Palm Springs for use in funding improvements to these centers.
Century hopes that such contribution will assist the City of Palm Springs make
the planned Improvements to these centers a reality.
CENTURY CROWELL COMMUNITIES,L.P.,
a California limited partnership,
By: Century Homes Communities,
a Califoi a corporation
Its: General(11-J)
tay: `,ri�
Name: �1/�'G-+'
Its: ?1E�ger-
CC: Mr.Bryan Troxlar
1535 S. "D" Sneer Suite 200, San llernurdinn, C.Plilornh,9240A, (909) 381.6007 , Faa (909) 3B I-00,1 I, 1.A00-11QY-CCNTURYi
I)tvp!//www,c(!ntLiryviiit,igelicit)ies.com
� 1
1
1 DISTRICT APPLICATION (REVISED 7-13-04)
CITY OF PALM SPRINGS
' Special Assessment and Mello-Roos District
' Community Facilities District
Public Finance Program
Instructions:
' To be Completed by City
1. Please complete the following
' Sections in the spaces provided.
2. Attach additional sheets if County/District Accounting No.
necessary.
' 3. Attach $10,000 non-refundable
application fee. Date Application Fee Received
' A. Applicant Information
Applicant Name: Century Crowell Name of Civil Engineer for Project
Communities
Name: Mainiero, Smith and Associates,
Relationship Inc.
' to Landowner Contact: Bruce Kessler
Address: 777 East Tahquitz Canyon
Mailing Address: 1535 S. "D" St. Way, Suite 301, Palm Springs, CA
' Suite 200, San Bernardino, CA 92408 92262
Contact: Carlos H. Cueva
Title: Public Financing Manager Phone: (760) 320-9811
' Phone (909) 381-6007
B. Landowner Information
Preferred Proceedings (Check)
' Landowner Name: Coachella Valley
Improvement Act of 1911 Water District
Improvement Act of 1913/15
' Mello-Roos Community Facilities Act Mailing Address: 85-995 Avenue 52
Undecided Coachella, CA 92236
Explanation:
' Contact: David Keeley
Name of Project Provide map Title:
identifying zoning title or ordinance Phone: (760) 398-2651
' number.
1
' Additional Project Information
1. City plarming approvals (subdivision approvals received to date including
processing numbers, dates of approval, current processing status and
development agreement reference, if any).
1
Applicant is preparing a plan development district and tentative map
' application.
See Attachment Number 1
1
2. Previous names under which this project has been known or processed by the
' City(list names and dates).
' Coachella Valley Water District Parcel
' 3. Improvements or facilities proposed for assessment district or community
facilities district financing. (Provide a cost breakdown, map and construction
timetable for each facility or improvement proposed.)
' Landscaping: The landscaping includes, but is not limited to, parkway
' and retention park landscaping, drainage pipes and related improvements.
Sewer and Water Improvements and Fees: Sewer and water
' improvements include but are not limited to construction of mainline,
extensions within public right-of-way , and well site improvement cost.
Water and sewer capacity and connection fees related to each lot.
' Electrical Under grounding: Underground existing power lines located
within the subdivision.
1 For quantity/cost details, see Attachment Number 2
' 4. All existing and proposed taxes, assessments, liens or other secured interests
on all property within the proposed district. (Provide a copy of recent
property tax bill.)
' See Attachment Number 3
5. Estimated property value-to-lien ratio including the value of public
' improvements to be financed (to be documented by letter for MAI appraiser or
other qualified party).
1
' 2
t
1
Improved Value/Lien $ (V to L)
' Zone 1
$70,400/$17,600 (4.00 to 1)
Zone 2
$88,000/$22,000 (4.00 to 1)
' Note: An M.A.I. appraisal will be required when the project is
approved to proceed.
' 6. Prior experience developer/landowner has had with assessment and/or
community facilities district financing.
' Subdivision city #/Homes sponsor AD or CFD Date
' Aliso I La Quinta 70 Desert Sands USD CFD NO. 1 06/01/2000
Aliso II La Quinta 30 Desert Sands USD CFD NO. 1 06/01/2000
Tournament La Quinta 70 Desert Sands USD CFD NO. 1 06/01/2000
Starlight Dunes La Quinta 86 Desert Sands USD CFD NO. 1 06/01/2000
Duna Fairways La Quinta 81 Desert Sands USD CFD NO. 1 06/O1/2000
Colony Cove Indian Wells 39 Desert Sands USD CFD NO. 1 06/01/2000
Vista Del Rey II Cathedral City 98 City of Cathedral City AD 2001-1 05/31/2001
Fairways at Indian Palms hrdio 108 City of Indio AD 2001-1 06/28/2001
' Las Brisas Indio 130 City of Indio AD 2001-1 06/28/2001
Monticello -Classics La Quinta 86 CV WD AD 68 01/24/2002
Monticello -Heritage La Quinta 120 CV WD AD 68 01/24/2002
' La Terraza Rancho Mirage 45 CVWD AD 68 01/24/2002
Villa Montego/Las Brisas II Indio 370 City of Indio AD 2002-1 05/02/2002
Gavilan Springs Riverside County 88 Perris Elementary CFD 2002-1 11/15/2002
Las Brisas North Residential Indio 189 City of Indio AD 2002-3 11/26/2002
Las Brisas North Commercial Indio 1 City of Indio AD 2002-3 11/26/2002
' Villa Estates at Shadow Hills hrdio 100 City of Indio AD 2002-3 11/26/2002
Monticello By HPCC Indio 66 City of Indio AD 2002-3 11/26/2002
' Shadow Hills Master Plan Indio 169 City of Indio AD 2003-1 1/28/2004
Encantos II&Monticello II Indio 150 City of Indio AD 2003-2 1/30/2004
Mountain Gate I Palm Springs 308 City of Palm Springs AD 161 2/24/2004
tVilla Estates II at Shadow Hills Indio 137 City of Indio AD 2003-6 3/31/2004
7. Other land development ventures by landowner and/or developer in the City,
County of Riverside and in California within the last five years (include
location, land use summary, prior of construction, etc.)
' 3
1
1
See Attachment Number 4
t
Other District Forination/Financing Information
' 1. Project's need for assessment and/or community facilities district financing.
' Because the cost of construction is roughly the same everywhere, a builder
can only provide that value in reduced land cost, which is often only a fraction
' of the total home sales price. More significant assistance is provided by the
use of Improvement Districts that lower the ticket price of the home without
generating buyer resistance to the assessment, and the interest is tax
' deductible.
Century's strategy in the Coachella Valley is to have multiple product lines,
with a range of prices and features, and other differences such as HOA/non-
HOA, view/non-view, etc., which provide the potential homebuyer with a
selection. Sales people can often meet objections by referring potential buyers
' to other Century projects. Additionally, each project can carry a certain dollar
amount for marketing. If a portion from each project is allocated to a joint
marketing program, it gives Century additional presence and buying power.
For example, rather than purchasing a small advertising space in the
newspapaer real estate section, Century can purchase a full or half-page
weekly ad for all of the projects.
' Through valley-wide marketing, Century believes it can continue to have a
' positive impact on the perception of what is happening in the Coachella
Valley housing market-an impact that would continue through any general
market downturn that may occur in the fature. This is critical for local
businesses, and is essential to support a continuing image of Palm Springs as a
progressive community focused on solid growth and improvement.
Z. Public entities anticipated to own, operate or maintain facilities or
improvements proposed.
ity a. Pa m springs, Desert ter,.s.,ncy and au heir California Edison
' 3. Surrounding property owners which may be affected by or be included in the
proposed district financings and percentage of total acreage owned by
applicant. (Attach a trap identifying their property locations, affected
facilities, and evidence indicating support for the proposed district financing.)
4
To the best of my knowledge no surrounding property owners will be affected
by or be included in the proposed district financings.
' Miscellaneous
1. Indicate whether an application for assessment and/or community facilities
district financing has ever been previously denied by the City Council for this
property. If so, explain the circumstances and reasons.
To the best of my knowledge, there has been no application for assessment
and/or community facilities district financing, submitted by the applicant that
has been denied by the City Council.
2. Indicate whether the landowner/developer and/or joint venture participant has
ever been party to an abandoned, defaulted and/or court challenged
assessment or community facilities district financing. If so, state when,
where, issue size, circumstances and reasons.
To the best of my knowledge, the developer has never been party to an
abandoned, defaulted and/or court challenged assessment or community
facilities district financing.
3. Do you foresee any rmusual requirements,problems, unique opportunities,
etc.,that may exist in the requested financing of the project?
At this point in time the applicant does not foresee any unusual requirements,
problems, unique opportunities that may exist in the requested financing of the
project.
Provide recent financial statements of landowner, developer,joint venture,
' etc., or provide lead banker/lender references or other information
demonstrating past financial performance.
See Attachment Number 5
' 5
1
Submitted By:
i
Firm Century Crowell Communities
Name Carlos H. Cueva
Title Public Financing Manager
Date July 13, 2004
1
Signature �f
' 6
Table of Contents
Phasing Map
District Application
For
Mountain Gate II
LtL Engineers Estimate
I'AIM 51'Ii1NG5
'► ; Report
Property Tax bills
List of Completed)
CENTURY VINTAGE HOMES Developments
OYCImi ORYCROWIIi COMM( IRS
�1w 96a dlola Of 4Jwµ P�d
Audited Financial
Statement
GATE 11
w RESIDENTIAL CONSTRUICTION PHASING EXHIBIT
CENTURY HOMES
V r ( Iu y e zoa<
LEGEND
TI e i e:.ae 1 tie ws)
IR 31028—ann.e z( o s)
zs ervu� (a21 os(
21 aw+SE tz M
- = t11 rrr1)121 lll
II IL Lars 1z1
21,
1 — —
-
" r TRACE 3 `�4 ?\`V ,'1v� �� —� .c.vMIP
10
� 7
lu
/1�I`� IT,
�* E Jj II � F
T �I
\ x /
CRY _n •.
Tote, 196
f T°t°IDsnmatea Cons Con AExpense Costs&Expense
Zone 2 81 if; �I,; I � l_ PreF "ary Confirmed
TM1c E1 O°rado SeriesCons&Expense Costs&Expense ➢escn non
zone 115 PJra,�I� PrcliT_invry Cnn�firmed �-
Thavemm�nsenes Cans&Expense L CONSTRUCTION COSTS 5500,000 $0
Costs&Expense Confi med A"goo f 619,000 0
peeh�marc 50 ll."C.O Existing power Lmcs 0
I CONSTRUCTION COSTS b2498"1 Wvler Canmwcti"n ]41,400
DgIcrot_ A Conswcnan 30%254 0 A42,500 0
L CONSTRUCTION COSTS $0 Ind......d Exrsling Power Lines 0 Sewer Corv9ruch°^ $0
swvu°n $250,199 0 Wamr ConmWcu"n 1]0564 0 LandscaPt^g 51,190290 0
C 221 c]4 190R90
➢ndergound Ezlsung Power❑ties 309]46 0 Sewer Conswen°n 50 Submul C°n5wcn"n o 50
1]0,936 0 Lendeeaping 5995,069 0 Consinoilo oCpsto ntingenmes l0% s2c93 190
Wamr E"mmn"cu°a 121426 95,"69
Sewer Connuce"n 50 Submml C"nsw<npn Cosu S0 Submul Co^so-ucuM os
Lvndscapmg $952_107 0 Oo"oncnov Cost Contingences l0% sIc45,]62
submulCmmwcn°n C°sm 9i,221 50 Submml Consnucti°n Cosa 5303,180 $0
Conswcnvn Cost ConOo,ene'10% $1041429 B 484]08 0
Subtotal Conswcdo^Costs $0 Wemr ,Meter Fees 50
B� 5158,355 0 Sewer Correction&ImPanpn Fees gE6],888
200,31] s0 Submml lmpmvement Fecs s0
$0 Wauc Mcrcrgod
e,&o,0efFC Fee' 57.,961,018
B 5224 395 0 Sewer Imprnoo&Nspee on g35H 668
Wamc More,and Double Check Fees ,gq 395 50 Submul lmp:ovemenl Fees 50 TOTAL CONSTRUCTION COSTS
Sewer Correction&Inspection Fees $509A20 51,404,930 ",,MENSES
t Fees TOTAL CONSTRUCTION COSTS LL WCNENTAL➢XP
Subooul lmprovemen s0 A Engiveerine,C.."non C"sin
SL556,448 LNSES 541,864 b0
TOTAL CONSTRUCTION COSTS IL LNCM-IrALTXP R &Facility Fces 0
A Engoo.loog,Corn on Cons s0 lnspccuon 20,932 0
&Fanhty Fces $20915 0 Tesing 4g0"0 0
❑,AiCmENTAL DXPENSES 10,455 0 C°n^act Adminswtion
A En@ncering,Conswcnon Cons $0 Lrpectran
41 8
&Fanhty Fees $20,949 0 Testing 16,531 0 plan Check
83 i2]
1"444 20,915 Dcstgn Engmcenng 03,i2] b0
Inspection 0 Convert Adminswuvn 4L830 0 Sorveyinp/SUFang and Desgn En6�necnng $312,114
Tesing 23,dfi9 0 plM Check p 0
20,949 Demgr Engineering 4L830 50 Submul Eng=CMSL Cosm ffiFambry Feeto, 31212 SO
CMbact Admmswm" 4199] 0 dD llp Engineering 5152,4]9 Eng=Coast Costs&Fees CMnngennes 5343326
Plan Check 0 Surveymglsu�ng an Fces 0
Dcs,en Engneenng 9L09] Submml Eng,Costs.Costs&FaciLry 15,240 $0 Toul Eng,Co^n Costs&Fanhty ecs
d➢esgn Engineering 40 Cann C. Fees Contingencies l0% 516]]27
Sprveymg/Smkmg an Fees 515$635 0 Eng. Fees
Submml Eng,Cann Cosm&Fenhry 15964 SO 'Foul Eng.Const Cosm&Fvcdiry 0 Pmceducnl an s0
Ang Conn Cosm&Fees Contingencies l0% 513,500
99 0
Total Eng,C°nst Cpsm ffiFeenily Fees Ctty F°cmati°n Expenses 4,000 d
g Pmvetlurvl and Si,S]9 $O Co,Legal Expense 5,000
0 12 coo 0
Cary Formetion Expenses 1,653 0 Trvncefees 0
B Prgedurvl and- s],921 S0 Le IExpeme 2cfi6 Pnnong R30I.oalbummrnl Mtl Ad°ernsmg) 20,000
0 Coy g° 0 36700 0
Ctry Forman.Expenses 234] Trvame Fces 86 Apprarsal 0
Ctty LeBel Expense 2,934 U PcinnnglOFvciISlmemen4 antl Advertrsing) 15,16] 0 Itnenaal Adwsvc ISco0 0
Trusme Fees "1,041 0 pppmmal 0 Bond Counsel 0
11,735 0 finance,Adwsm 1]?31 0 ➢melosmeCOMsel 12,500 0
Printing(Orneml SucemenS Md AdveNsmg) 21533 6,199 0 Absoryton study 32c0o
gppmisal 0 Bond Counsel 5103].on 50
19,069 0 ➢.e on'r,Coarse, 5,166 0 Asi-lame dirmcer 0
So,nal Advisor 0901 13{24 16,800
Bond C"o^set 0 Absorption Study s0 Subue,1.1&C.rd Md Formad"nC.'. 5,00,"00 50
Dmdosure counsel ],334 0 pssessment Engneer $]5,]09 0 pmvedvrvl&formation C"ndngC'rn
1H,9]fi 14191 50 TomlPmccducel and Formation Cosa ]ttaRoo4
Absorytmn Study 50 Submul Pmcetluml and Facmauon Costs S90,000
Assessment Eng^°er Slo] n Cosm
,491 0 Procedure'&Fonnvnon C°nnngenn¢
Submul Pr"cvduml and Formation Cosm 2 509 $0 Toml Pmccdmal Md Fo�mauo
eaa,nvl&Loin"nn eMnnse^ s
s114000 "�"°I'
Pm
Tout Pmce,and Foonocrn Cosm sHarteil rmnsneap as
PIeM1m�n=ry Ens�neels"n,.'r 1-1314 soenmstl o CL,
MOUNTAIN GATE II
CITY OF PALM SPRINGS
Total 196
Zonc2 9t Draft Toni El"..Rd Cos"
Zoael 115 �jr �-(�j7���'f/S�,,J,1L`r, RJ,CI Doradu Serios Cost&Expense Cosh&Erniide
The Vcnm ucs lJ''�Y,�+.u, `� v C.c.4'Expen D Preii� Cuyrmed
na Ser COsls&Ezpens� s mary
Cons&Expense Cos"&Expense Prey Confirmede 50
Preli�mary Can�rmed De�enouon 5543,32E
' eseeo ll 5257,]E] 50 TOTAL INCIDENTALS COSTS
$0 TOTAL INCIDENTALS COSTS 50
TOTAL INCIDENTALS COSTS
5285,599 S0 III.CONTRIBUTION DY PROPERTY OWNER lS2]S,SE4)
50 in CONTRIBUTION BY PROPERTY OWNER (51°p'791) N.BOND ISSUANCE COSTS so
III CONTRIBUTION BY PROPERTY OWNGR (512472]I $314'000
IV.BOND ISSUANCE COSTS SS8000 50 A Caprtaliud lnmrest 31g020 0
g0 .A Gpitnlimd lnkmq p B Bond Reserve ]6I2p 0
N.A cc,,,SUANCB COSTS 167,000 135,,40 p C Bond Discount SO
A Cap�klucd lntcresl 16],000 o B Bond Reserve 35640 SS]],I20
B.Hond Reserve 40410 o C Bond Discount S]U,640 SO TOTAL BOND ISSUANCE COSTS
C.Bond D,coun[ so TOTAL BOND ISSUANCE COSTS
TOTAL BOND ISSUANCE COSTS
06,490
RDCAPITULATION
RECAPITULATION I CONSTRUCIlON COSTS M2 61078 50
RECAPITULATION I CONSTRUCTIONCOSTS Sp ANDCONTWGENCIES
ANDCONTINGENCIES $Lg04p3U 0
C CONSTRUCTION COSTS SIS56,648 SO 543,32E
AND CONTINGENCIES p R INCH)25],]E] p
0 Q WCDJENTAL EXPENSES 9V,114
285,599 o ID BOND TALNEISSUANCE
PROSECSTS 54.081,524 SO
R INCIDENTAL EXPENSES 170,640 50 TOTALNET PROTECT COSTS
30G,480 0 IIL BOND ISSUANCE COSTS $1932]9]
III BONDISSDANCECOSTS so TOTAL NET PROJECT COSTS
52,148,]E] N LESSCOTY O"ION BY (2]55N) 0
TOTAL NET PROTECT COSTS N LESSCOTY O w TIONBY TOTAL
OUNEA Sp
(li0,]9p 8 53,90Q000
IV LESS CONTRIDUTION BY 0 PROPERTY OWNER yp TOTAL AMOUNT TO ASSESSMENT
(124pE]) TOTAL AMOUNT TO ASSESSMENT 51,792,800 Sp
TOTAL
OUNT 51,024000 SO Avemee Pm Lot Assessment
TOTAL AMOUNT TO ASSLSSMGNi 5E2,890 S8
Par Lot Assessmevl
Per Lot Assessment
517,600 so
nurzoo�
r=g=i orz
PreLmmsry Ensmecn Fol,Ge 1-to14suemmca to env is na�renwodnnce)as
nZ,vuv - ntvcrsrue k.uuury -rruperry r axes --ray Your rroperty i ax rage t o1. 1
RIVERSIDE COUNTY CALIFORNIA
Paul h.ci]onnell,Treasurer
pav ererl by nxt p'.6ti"r_` lue
-a
t' Pay Your Property Tax
This page reflects the information currently available in the county's
system for current secured taxes. Any prior payments made through this
site will be reflected within 3-4 business days.
Identification Information Address Information
Assessment 669320011-6 Property No property address
Number: Address: information available
Property Type: Real
Tax Rate Area: Palm Springs
Bill Number: 000325937
38.00 ACRES M/L IN FOR SE 1/4 OF SEC 33 T3S R4E FOR TOTAL
DESCRIPTION SEE ASSESSORS MAPS
2003 Values) Tax Details
Land $234,000.00 Tax Rate: 1,120520
Total Value $234,000.00 Net Value After Tax Due: $2,622.00
Exemptions $234,000.00 Special
Assessment
Exemption(s) Due: $ 0.00
No exemption(s) on file $0.00 Total Due:
L_[ `Detarl $ 2,622.00
Paid To Date: $2,622.00
Payment Status: Paid in full
Last Updated: 0110512004
Installments: Due Date: Amount
Due:
Installment 1-Taxes and Assessments 12/10/2003 $.00
Installment 2-Taxes and Assessments 04/10/2004 $.00
There is no tax due at this time, If Total Due $.00
you have further questions about
this account, please contact the
agency.
ABac€t
Copyright 2000 EzGov and Riverside County.All rights reserved Privacy Polov
https:Hriverside.ca.ezgov.com/ezproperty/search.jsp 2/4/2004
1V111L 11"1111JVL LLISLIL 10.CUV 1 VL L
TOTAL TAX DUE DETAPL
Charges Levied by Taxing P x L l 11 ,.-
g � `9 1-IIUnG I�Urlltler f91iiVUllt ��Ji.
Agencies
GENERAL PURPOSE $2,340.00 Tax
PALM SPRINGS UNIF B & 1 1992-A (760)416-6155 $141.60 Tax
DESERT WATER AGENCY $140.40 Tax
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L uv -ivvuioiuu w, a 'y - ia,Yuaay tunw -a ay ivua a.vP,. ay aun aub.,
Paul NIC3300 net],Treasurer
povreredby `.a l,j?
10
,il
�_^'''''�' ' Pay Your Property Tax
This page reflects the information currently available in the county's
system for current secured taxes. Any prior payments made through this
site will be reflected within 3-4 business days.
Identification Information Address Information
Assessment 669320013-8 Property No property address
Number: Address: information available
Property Type: Real
Tax Rate Area: Palm Springs
Bill Number: 000325938
7.45 ACRES M/L IN FOR NE 1/4 OF SEC 33 T3S R4E FOR TOTAL
DESCRIPTION SEE ASSESSORS MAPS
2003 Value(s) Tax Details
Land $46,000.00 Tax Rate: 1.120520
Total Value $46,000.00 Net Value After Tax Due: $ 515.42
' Exemptions $46,000.00 Special
Assessment
Exemption(s) Due: $ 0.00
No exemption(s) on file $0.00 Total Due:
I—GDhaid. $ 515.42
Paid To Date: $ 515.42
Payment Status: Paid in full
Last Updated: 01/05/2004
' Installments: Due Date: Amount
Due:
' Installment 1-Taxes and Assessments 1 2/1 012 0 03 $.00
Installment 2-Taxes and Assessments 04/10/2004 $.00
' There is no tax due at this time. If Total Due $.00
you have further questions about
> this account, please contact the
agency.
Copyright 2000 EzGov and Riverside County.All rights reserved.Privacy Policy
' https://riverside.ca.ezgov.com/ezpropeiLy/search.jsp 2/4/2004
1 V 1l1I� 1L1(1 LVL LEAGUE i vi .
1
TOTAL TAX DUE DETAIL
Charge-- Levied by Taxing Phone Nurnber Amount Type
Agencies
GENERAL PURPOSE $460.00 Tax
PALM SPRINGS UNIF B & 11992-A (760)416-6155 $27.82 Tax
DESERT WATER AGENCY $27.60 Tax
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— Development Projects Completed By
All Century and Crowell Industries and Their Related Entities
;.
Development Cah#ornia LocatiorA
Number or , Cd'mplezio`n'
Homes . Date ..
Monticello by Heritage Palms C.C. Indio 66
Monticello III by Heritage Palms C.C. Indio 71
Encanto II at Villa Montego Indio 79
Shadow Hills Villa Estates Indio 100
Shadow Hills Master Plan Indio 169
Las Brisas North Indio 189
The Encantos at Villa Montego Indio 341
— Mountain Gate Palm Springs 308
Gavilan Springs Country Estates Riverside County 112
University Heights Country View Estates San Bernardino 53
Foxfire Ranch -Santa Barbara Victorville 85
Foxfire Ranch -Santa Barbara II Victorville 284
Wildwod Canyon Country Estates Yucaipa 62
The Fairways at Indian Palms Indian Palms 209 2003
Las Brisas at Villa Montego Indio 29 2003
Las Brisas at Rancho Indio Indio 130 2003
_ The Tournament Collection at PGA West La Quint@ 70 2003
Duna Fairways at La Quinta Resort La Quinta 81 2003
The Classics at Monticello La Quinta 86 2003
The Heritage at Monticello La Quinta 120 2003
La Terraza at Rancho Mirage Rancho Mirage 45 2003
Foxfire Ranch-Capistrano Victorville 8 2003
Starlight Estates at IPCC Indian Palms 53 2002
Colony Cove Estates at Indian Wells Indian Wells 11 2002
Aliso It La Quinta 30 2002
Vista Del Rey Cathedral City 74 2001
Indian Palms Lot 28 Custom Indio 1 2001
Del Rey Palms at Rancho Indio Indio 90 2001
Tierra Del Rey Indio 95 2001
Mandarina at the Citrus La Quinta 43 2001
Marbella at La Quinta Norte La Quinta 68 2001
-- Aliso at La Quinta Norte La Quinta 70 2001
Siena Del Rey at La Quinta Norte La Quinta 82 2001
Starlight Dunes La Quinta 86 2001
Avondale/Del Safari Palm Desert 36 2001
The Fairways at Highland Springs G.C. Beaumont 133 2000
Laurelwood Corona 63 2000
Encanto Indio 31 2000
Topaz at La Quinta Norte La Quinta 141 2000
Topaz II at La Quinta Norte La Quinta 265 2000
Sonata Palm Desert 68 2000
Sunterrace Palm Desert 72 2000
Rancho Mirage Country Club Rancho Mirage 150 2000
Woodbridge San Bernardino 51 2000
The Nineteen Estates Chino 19 1999
Vista Point at Lake Hills Corona 46 1999
Colony Estates Indian Wells 55 1999
The Fairways at East Highland Ranch San Bernardino 54 1999
Colony Cove II Indian Wells 97 1998
Del Rey at Lake Elsinore Elsinore 59 1997
Ocotillo La Quinta 83 1997
Spinnaker Cove La Quinta 102 1997
Page 1 of 3 Updated:January 2004
' Development Projects Completed By
All Century and Crowell Industries and Their Related Entities
' Deueldpment CaUforn�a Locafton ivamber o1 ` ion-,
i
.- 'Homes I It
1 Del Rey at Las Colinas North Rialto 150 1997
Belmont Palm Desert 71 1997
Del Rey at Moreno Valley Moreno Valley 47 1996
Rel Rey III at Moreno Valley Moreno Valley 50 1996
Del Rey II at Moreno Valley Moreno Valley 67 1996
Village Park Fontana 108 1995
La Quinta Del Rey La Quinta 127 1994
' Chaparral at Rancho Las Perris Perris 57 1994
Copper Cove at Rancho Las Perris Perris 139 1994
Bellagio at Southridge Fontana 46 1993
' Copper Crest II at Southridge Fontana 113 1993
Mariners Pointe II the Captains' Series Moreno Valley 166 1993
Avondale/Del Safari Palm Desert 181 1993
Chaparral at Cimarron Ranch San Bernardino 378 1993
Hillpointe Sun City 293 1993
Foxfire Ranch Communities Victorville 1600 1993
Serenity Lake Elsinore 87 1992
Villa Del Rey II at Lancaster Lancaster 43 1992
Chaparral at Lancaster Lancaster 65 1992
Chaparral at Rancho Las Brisas Murrieta 151 1992
' Serenity Ranch Norco 16 1992
St. Tropez San Bernardino County 103 1992
Chatelaine at Southridge III Fontana 94 1991
Magnolia Square Perris 99 1991
Chaparral at Laguna Creek Sacramento 89 1991
Whispering Glen San Bernardino 111 1991
' Mira Flores at the Colony C.C. Temecula 1649 1991
Monterey at Foxfire Ranch Victorville 150 1991
Daybreak at Foxfire Ranch Victorville 330 1991
Wildwood at Southridge Fontana 162 1990
Springtime Apartments Fontana 280 1990
Villa Del Rey I at Lancaster Lancaster 49 1990
Copper Cove Moreno Valley 163 1990
Morning Ridge Rialto 124 1990
Meadowland Apartments Rialto 346 1990
Copper Crest San Bernardino 118 1990
' Amanda Park Temecula 394 1990
Daybreak at Foxfire Ranch Victorville 130 1990
Summit Trails Carbon Canyon 167 1989
Chaparral at Rancho La Vita La Vita 94 1989
Mariners Pointe Moreno Valley 149 1989
Villa Capri at Rancho Las Perris Perris 50 1988
' Copper Creek at Rancho Las Perris Perris 88 1988
Cottages Castle at Rancho Las Perris Perris 117 1988
Heather Glen Colton 210 1987
Loma Linda Park Loma Linda 149 1987
' Village Homes Loma Linda 165 1987
Lilac Lane Rialto 198 1987
C/L Ranch Alta Loma 905 1984
' New Century Rialto 153 1984
The Ranch Alta Loma 153 1983
Northview Upland 304 1982
Page 2 of 3 Updated:January 2004
1 Development Projects Completed By
All Century and Crowell Industries and Their Related Entities
1 Number of completion
Development California Location
r Homes Date
1 Indian Oaks Alta Loma 242 1981
The Park Chino 413 1979
Sycamore Park Rialto 529 1979
1 Daybreak La Verne 230 1978
Century Homes Parkwood Rialto 526 1977
Park East Chino 221 1975
The Lemon Tree Upland 260 1975
1 Summit Trails La Verne 213 1972
Not yet completed.
1 Source: Century Crowell - Based on Best Information Available
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1 Page 3 of 3 Updated:January 2004
RESOLUTION NO.
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, APPROVING THE APPLICATION FOR
FURTHER PROCESSING OF THE FORMATION OF
ASSESSMENT DISTRICT 164, SUBMITTED BY CENTURY
CROWELL COMMUNITIES, L.P.
WHEREAS, the City of Palm Springs adopted Resolution No. 17774 on January 22,
1992, amended by Resolution No. 20304 on April 3, 2002, establishing Policies and
Procedures for Special Assessment and Mello-Roos Community Facility District (CFD)
Municipal Bond Financing for Public Improvements for Development Projects; and
WHEREAS, the City's Policies and Procedures establish minimum criteria for the
formation of Special Assessment and CFD municipal bond financing for public
improvements for development projects requiring that proposed public facilities to be
finance must meet a public need, including the provision of major infrastructure
improvements that significantly benefit the general public, and/or the provision for
significant financial benefit to the City; and
WHEREAS, the City has received an application from Century Crowell Communities,
L.P., for formation of a 1913 Act Assessment District using 1915 Act Bonds for the
"Mountain Gate II" development (Tentative Tract Map 32028), located northeast of
Highway 111 and north of Gateway Drive; and
WHEREAS, the proposed Assessment District will facilitate public improvements for
private development that will help stimulate the local economy and provide a financial
benefit to the City.
NOW THEREFORE BE IT RESOLVED as follows:
1. The City Council does hereby approve the application for further processing of the
formation of Assessment District 164, submitted by Century Crowell Communities,
L.P.; and
2. The City Council hereby authorizes staff to select and negotiate contracts with
consultants for an assessment engineer's report, appraisal and market absorption
study; and to collect necessary deposits from the applicant to fund consultant
contracts.
ADOPTED this 215t day of July, 2004.
AYES:
NOES:
ABSENT:
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
By
City Clerk City Manager
REVIEWED &APPROVED AS TO FORM: