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Home My WebLink About05-City Treasurer CI~ 'OF SAN BERNARDr~~o - REQU"~T FOR COUNCIL AC-~ON . . ADf1\~ .nee- From: CRAIG A. GRAVES, City Tr~Q.~-r" uD)~ct~ Advancement of funds for January If\J'q Dee -8 p~\ 1; 301989 Bond payment for Assessment ~..pt: OFFICE OF THE CITY TREASURER ... District #5861 Date: December 7, 1988 ~ Synopsis of Previous Council action: March 1987 - Mayor and Common Council authorizes the hiring of Sabo & Deitsch to initiate foreclosure proceedings on delinquent property owners December 1987 - Mayor and Common Council authorize advancement of funds from Assessment District Fund for January 1988 payment of interest on bonds March 1988 - Mayor and Common Council authorize acquisition of 78 lots through sale of County Treasurer/Tax Collector with Community Development June 1988 - Mayor and Common Council authorize advancement of funds from the General Fund for July 1988 payment of interest on bonds November 1988 - Mayor and Common Council authorize agreement to purchase lots from the County of San Bernardino through Community Development Recommem:led motion: That the Director of Finance be authorized to advance $80,000 to the Debt Service Account of Assessment District #5861, to be refunded to the City at the completion of the property transactions. cc: Andrew Green, Finance Ken Henderson, Community Signature Contact person: Craig A. Graves Phone: 5221 Supporting t1ata attached: __ Ye~__u________ ----- Ward: sixth C> Lt ~ 0 '0 0 '3 D "f-D 5 Source: Continqency Fund Finance: ~ D~_ FUNDING REQUIREMENTS: Amount: $80,000 Advance ';ouncil Notes: ~ Agenda Item No. --.." 75-0262 CII., t OF SAN BERNARD~ ~O - REQUl JT FOR COUNCIL AC ]ON STAFF REPORT In January of 1989, another semi-annual payment of interest is due to be paid the bondholders of Assessment District #5861. The City, through its Community Development Department, is in the final stages of purchasing the property from the County of San Bernardino under the delinquent property tax sale provisions. Last month the Mayor and Common Council authorized an agreement with the County for the final purchase of these properties. The City is suppose to receive the property no later than January 24, 1989. Once the City gains title, Community Development will proceed with the publication of an RFP for the development of the sites and then recommend the best proposal. In the interim, the January 1989 semi-annual payments are due to the bondholders. Therefore, this Office is seeking an authorized advance ln order to make timely payment to the bondholders and insure that they do not go into default. These advances are to be repaid at the completion of the transaction of the properties. Assessment District #5861 is an assessment district formed to provide offsite improvements under the 1915/13 Act. The district was formed in 1980 and there are presently 123 homes and 77 vacant lots in the projects. All of the vacant lots have delinquent payments. In March of 1987, the Mayor and Common Council authorized the beginning of foreclosure proceedings through the Superior Court. However, in March of 1988, the City was notified that the parcels wou1e be put up for sale by the County of San Bernardino for delinquent property taxes. The authorization was given to purchase the lots under Revenue and Taxation Code Sections 3695 and 3791.3 through the Community Development Department. That process will be completed within the next month. Community Development will then process an RFP. 75-02\)4 CITY OF San l)ernardino COMMUNITY DEVELOPMENT DEPARTMENT KEN NET H J. HEN 0 E R SON DIRECTOR November 10, 1988 Lynn Stansbury County of San Bernardino Treasurer/Tax Collector Hall of Records, First Floor 172 West Third Street San Bernardino, Calif. 92415-0360 Re: CHAPTER 8 SALE NUMBER 303 Dear Ms. Stansbury: Enclosed please find seven (7) agreements regarding the above referenced which have been executed by the City of San Bernardino. As stated in your letter of October 17, 1988, we look forward to the execution and recordation of the deed conveying title to the City by no later than January 24, 1989. Please feel free to contact me at 714/384-5065 if you have any questions. ~;jp~ Housil~ Development Specialist cc: Director of Community Development City Treasurer File MLO/lab/2026 enclosures 300 NORTH D STREET SAN BERNARDINO. CALIFORNIA 92418.0001 714/31..50115 PRIDE -I "';/RESS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. 88-414 RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE EXECUTION OF AN AGREEMENT TO PURCHASE TAX-DEFAULTED PROPERTY DATED NOVEMBER 16, 1988, BETWEEN THE COUNTY OF SAN BERNARDINO AND THE CITY OF SAN BERNARDINO BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLLOWS: SECTION 1. The Mayor is hereby authorized and directed to execute, on behalf of said City, an Agreement to Purchase Tax- Defaulted property dated November 16, 1988 between the County of San Bernardino and the City of San Bernardino. This Agreement is attached hereto marked Exhibit "A", and incorporated herein by reference as though fully set forth at length. I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Mayor and Common Council of the City of San Bernardino at a reQular meeting thereof, held on the day of November , 1988, by the following 7th vote, to wit: AYES: Council Members Estrada, Reilly, Flores, Maudsley, Minor, Pope-Ludlam, Miller NAYS: None ABSENT: None ~1~1f~ / City Cler III III III DAB:cez October 26, 1988 1 1 2 3 4: 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE EXECUTION OF AN AGREEMENT TO PURCHASE TAX-DEFAULTED PROPERTY, DATED NOVEMBER 16, 1988, WITH THE COUNTY OF SAN BERNARDINO The foregoing resolution is hereby approved this ?~ day November , 1988. of 8~~c~1:7 City of San Bernardino Approved as to form and legal content: DAB:cez October 26, 1988 2 AGREEMENT TO . ....RCH~S: T AX-DEFA, "EO FRO.,t.tUV ThiS Agreement is made this 16TH day of NOVEMBER , 19--BJt, by and between and SAN BERNARDINO COUNTY THE CITY OF SAN BERNARDINO County, State of California, the Board of Supervisors of ("PURCHASER"), pursuant to the provisions of Division 1, Part 6, Chapter e, of the Revenue and Taxation Code. The real property situated within said county, hereinaf1er set forth and described in Exhibit "A" attached hereto and made a part herlof, is tax-defaulted and is subject to the power of sale by the tax collector of :s.aid county for the nonpayment of taxes. pursuant to provisions of law. It is mutually agreed as follOws: 1. that as provided by Section 3800 of the Revenue and Taxation Code. the cost of giving notice of this agreement shall be paid by the PURCHASER, and . 2. that the PURCHASER agrees to pay the sum of S 101. 300. 00 for the real property described in Exhibit "A" within 21 days af1er the date this agreement becomes effective. Upon payment of said sum to the tax collector, the tax collector shall execute and record a deed conveying title to said property to PURCHASER no later than January 24, 1989. 3. that said PURCHASER will not share in the distri- bution of the payment required by this agreement. This agreement shall be null and void if all or any portion of the property is redeemed prior tothe effective date 01 this agreement. This agreement shall also become null and void and the right of redemption restored upon the PURCHASER'S failure to comply with the term and conditions 01 this agreement. Time is 01 the essence. is 3111. :379'.3. 3793 f; &1 COClc 1DL 8.' 3 l~ 1111) . , EXHIBIT "A" - PAGE 1 OF 3 First Year Default Purchase Description Delinquent Number Price 0269-351-31 1981 sarre $1300.00 0269-351-32 1981 same $1300.00 0269-351-33 1981 sarre $1300.00 0269-351-34 1981 sarre $1300.00 .' 0269-351-35 1981 sarre $1300.00 0269-351-36 9181 sarre $1300.00 0269-351-37 1981 same $1300.00 0269-351-38 1981 same $1300.00 0269-351-39 1981 sarre $1300.00 0269-351-40 1981 same $1300.00 0269-351-41 1981 sarre $1300.00 0269-351-42 1981 sarre $1300.00 0269-351-43 1981 same $1300.00 0269-351-44 1981 same $1300.00 0269-351-45 1981 same $1300.00 0269-351-46 1981 sarre $1300.00 0269-351-47 1981 sarre $1300.00 0269-351-48 1981 same $1300.00 0269-351-49 1981 same $1300.00 0269-351-50 1981 same $1300.00 0269-351-51 1981 sarre $1300.00 0269-351-52 1981 sarre $1300.00 0269-351-53 1981 same $1300.00 0269-351-54 1981 same $1300.00 0269-351-55 1981 same $1300.00 0269-351-56 1981 same $1300.00 0269-351-58 1981 same $3800.00 0269-361-01 1981 sarre $1300.00 0269-361-02 1981 same $1300.00 0269-361-03 1981 sane $1300.00 NOTE: TO BE ATTACHED TO EAOI CHAPTER 8 AGRffi.ffiNT FORM (mL 8-13) mL 8-14 . ,. EXHIBIT "A" - PAGE 2 OF 3 First Year Default Purchase Description Delinquent Nwnber Price 0269-361-04 1981 sarre $1300.00 0269-361-05 1981 sarre $1300.00 0269-361-06 1981 sarre $1300.00 0269-361-07 1981 sarre $1300.00 0269-361-08 1981 sarre $1300.00 0269-361-09 1981 sarre $1300.00 0269-361-10 1981 sarre $1300.00 0269-361-11 1981 sarre $1300.00 0269-361-12 1981 sarre $1300.00 0269-361-13 1981 sarre $1300.00 0269-361-14 1981 sarre $1300.00 0269-361-15 1981 sarre $1300.00 0269-361-16 1981 sarre $1300.00 0269-361-17 1981 sarre $1300.00 0269-361-18 1981 sarre $1300.00 0269-361-19 1981 sarre $1300.00 0269-361-20 1981 sarre $1300.00 0269-361-21 1981 sarre $1300.00 0269-361-22 1981 sarre $1300.00 0269-361-23 1981 sarre $1300.00 0269-361-24 1981 sarre $1300.00 0269-361-25 1981 sarre $1300.00 0269-361-26 1981 sarre $1300.00 0269-361-27 1981 sarre $1300.00 0269-361-28 1981 sarre $1300.00 0269-361-29 1981 sarre $1300.00 0269-361-30 1981 sarre $1300.00 0269-361-31 1981 sarre $1300.00 0269-361-32 1981 sarre $1300.00 0269-361-33 1981 sarre $1300.00 NOTE: TO BE ATIACHED TO EArn CHAPTER 8 AGRffiiENT FORM (TDL 8-13) TDL 8-14 . ,; EXHIBIT "A" - PAGE 3 OF 3 First Year Default Purchase Description Delinquent Number Price 0269-361-34 1981 sane $1300.00 0269-361-35 1981 same $1300.00 0269-361-36 1981 same $1300.00 0269-361-37 1981 sane $1300.00 4' 0269-361-38 1981 same $1300.00 0269-361-39 1981 sane $1300.00 0269-361-40 1981 same $1300.00 0269-371-13 1981 same $1300.00 0269-371-14 1981 same $1300.00 0269-371-15 1981 same $1300.00 0269-371-16 1981 same $1300.00 0269-371-29 1981 same $1300.00 0269-371-30 1981 same $1300.00 0269-371-31 1981 sane $1300.00 0269-371-32 1981 same $1300.00 0269-371-33 1981 same $1300.00 NOTE: TO BE ATTACHED TO EACH CHAPTER 8 AGREEMENT FORM (TDL 8-13) TDL 8-14 .. 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'k c ~ I ~ ~ J I .1 , I ~ ~ ~ ~ ~ 1 2 7 8 9 10 11 12 13 14 15 16 17 18 19 20 STATE OF CALIFORNIA COUNTY OF SAN BERNARDINO CITY OF SAN BERNARDINO SS 3 I, SHAUNA CLARK, City Clerk in and for the City of San Bernardino DO HEREBY CERTIFY that the foregoing and attached 4 copy of San Bernardino City Resolution No. 88-414 is a full, true and correct copy of that now on file in this office. s IN WITNESS WHEREOF, I h3ve hereunto set my hand and affixed 6 the official seal of the City of San Bernardino this 10th day of November , 19 88 By: J~ J:1ti~/ / City €lerk ~~~ 21 22 23 24 2S 26 27 28