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Home My WebLink About2020-062 - Resolution RESOLUTION NO. 2020-062 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, RE-AUTHORIZING THE LEVY OF AN ASSESSMENT SURCHARGE FOR THE EXPENSES INCURRED IN THE COLLECTION OF ASSESSMENTS IN ASSESSMENT DISTRICT NO.93-1 WHEREAS, the City Council of the City of Rancho Cucamonga, California, has heretofore undertaken proceedings pursuant to the "Municipal Improvement Act of 1913" being Division 12 of the Streets and Highways Code of the State of California, and has confirmed assessments upon land within various special assessment districts (hereinafter collectively referred to as the "District"); and WHEREAS,said proceedings provided for and the City did subsequently issue bonds pursuant to the "Improvement Bond Act of 1915", being Division 10 of the Streets and Highways Code of the State of California, said bonds representing unpaid assessments within the District; and WHEREAS, the City does incur necessary administrative expenses in the collection of the annual installments of the assessment within the District; and WHEREAS, Government Code Section 8682 does authorize the City to establish an assessment surcharge to allow the City to recover its expenses of collection of said assessments; and WHEREAS, the City desires to establish such an assessment surcharge as authorized by said Government Code Section 8682. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA HEREBY RESOLVES: SECTION 1: That the above recitals are all true and correct. SECTION 2: Treasurer is hereby directed to add to the annual installment of assessments within the District a maximum of five percent(5%)of the amount of the installments and of the interest thereon, not to exceed the Treasurer's estimate of the expenses of collection. Said expenses of collection shall include the necessary administrative expenses of the City incurred in providing the County Auditor with current information regarding the ownership or division of the affected lots or parcels of land within the District to ensure the proper entry by the County Auditor in his or her assessment roll and the timely collection of the Assessment installments. SECTION 3: The above assessment surcharge,when collected, shall belong to the City and shall cover the expenses and compensation of the Treasurer incurred in the collection of the assessments,and of the interest and penalties added on to the assessments. Resolution No. 2020-062 — Page 1 of 2 PASSED, APPROVED and ADOPTED this 15th day of July, 2020. 01 L. Dennis Michael, ayor ATTEST: nice C. ynolds, City Clerk STATE OF CALIFORNIA ) COUNTY OF SAN BERNARDINO ) ss CITY OF RANCHO CUCAMONGA ) I, Janice C. Reynolds, City Clerk of the City of Rancho Cucamonga, do hereby certify that the foregoing Resolution was duly passed,approved, and adopted by the City Council of the City of Rancho Cucamonga, at a Regular Meeting of said Council held on the 15th day of July 2020. AYES: Hutchison, Kennedy, Michael, Scott, Spagnolo NOES: None ABSENT: None ABSTAINED: None Executed this 16th day of July, 2020, at Rancho Cucamonga, California. ni . Reynol s, City Clerk Resolution No. 2020-062 — Page 2 of 2 Resolution 2020-062 CITY OF RANCHO CUCAMONGA ASSESSMENT DISTRICT NO. 93-1 MASI PLAZA ANNUAL STATUS REPORT J U LY 2020 Resolution 2020-062 BACKGROUND On August 4, 1997, $2,990,000 in bonds were issued by the City of Rancho Cucamonga, California (the "City") pursuant to the Improvement Bond Act of 1915, Division 10 of the California Streets and Highways Code (the "Bond Law"). All the proceedings of the City to form the Assessment District No. 93-1 Masi Plaza (the "Assessment District"), to levy the assessments and to acquire the improvements described and being financed with the proceeds of the bonds had been undertaken pursuant to the Municipal Improvement Act of 1913, Division 12 of the California Streets and Highways Code (the "Improvement Act"), and Resolution of Intention No. 97-104 adopted by the City Council of February 19, 1997. The Assessment District, comprising approximately 23.64 acres, is situated along the south side of Foothill and the west side of Rochester and consists of twenty-five (25) developed lots subject to assessment. Proceeds of the bonds were used to acquire certain streets, curbs, gutters, sidewalks, street lighting, traffic signal, water, sewer, storm drainage, public amenities and certain public utility improvements, constructed within the Assessment District and necessary for the existing and proposed development within the Assessment District. The method of assessment for the Assessment District was determined by the Assessment Engineer. The acquisition costs and proportionate share of the incidental costs for bid items were spread on a net assessable acreage basis to those areas of subareas of the Assessment District that specifically benefited from the works of improvements to be acquired. The Assessment Engineer determined that the special benefits received from the above cited works of improvements were in direct proportion to the number of assessable net acres of the record lots. The assessments were spread over all parcels within the boundary based upon its proportion of the total assessable acreage within the Assessment District. Net assessable acreage for all lots within the Assessment District was taken directly from the "per lot" net acreage shown on the recorded parcel without offset for easements. Section 8682 of the Government Code authorizes cities to collect an annual assessment fee of a maximum five percent (5%) of the amount of installments and not to exceed sixteen dollars per parcel assessment for the costs incurred in the administration and assessment collection. The requested fee will allow the City to recover funds for collection and management of the Assessment District that are applicable to the Improvement Bond Act of 1915. The City's comprehensive management program including record keeping, cost management, payoff calculations, monthly financial reports, debt service schedules, as well as providing information to the public is funded from this fee. This fee is in place Assessment District No. 93-1 (Masi Plaza) 1 Fiscal Year 2020/21 Attachment#02 Resolution 2020-062 now to pay for administration and will allow the City to maintain the current rate and level of service. The assessment shall be levied only so long as required for each parcel of taxable property to discharge bond obligations. The following is a list of businesses located within the Assessment District: Building Phase Lot Apn Tenants 1 1 1 0229-021-11 Valvoline Instant Oil Change 2 1 2 0229-021-12 Shell Service Station and Seven Eleven 3 1 3 0229-021-13 Jack in the Box 4 1 4 0229-021-14 Popeye's Chicken,Manila Sunset Grille,Ramen Masuta,Taco Hut,and one Empty Suite 5A 1 5 0229-021-15 GEN Korea Barbecue,and one Empty Suite 5B 1 5 0229-021-15 Abi Sabi Tappan Steak House&Sushi Bar 6 1 6 0229-021-16 Denny's Restaurant 7 1 7 0229-021-17 85°C Bakery Cafe,#1 Pho Noodle&Grill,Barbershop,and Creamistry 8 1 8 0229-021-18 Mountain View Tires 9 1 9 0229-021-19 Quality Auto and SafeLite Glass 10 1 10 0229-021-20 Lim's Honda,Acura and Mazda,and one Empty Suite 11 II 11&27 0229-021-30 24 Hour Fitness 12A II 12 0229-021-21 Legends Nails,My Makeup Kit,Sunshine Foot Massage,Nutrition 4 Less and Poke Bistro 12B II 12 0229-021-21 Shape Ceragem,Dental Office,10th Planet Jiu Jitsu,and one Empty Suite 13 II 13 0229-021-22 Proverbs 31,Roger Dunn Golf Shop,Vista Paint,and one Empty Suite 14 II 14 0229-021-23 Engrave'N Embrodier,Vapor Lounge and two Empty Suites 15A II 15 0229-021-24 Premier Healthcare,Farmers Insurance and three Empty Suites 15B 11 15 0229-021-24 Masada Homes Medical 16A II 16 0229-021-31 Five Empty Suites 16B II 16 0229-021-31 Rancho Wealth Management,Unity Escape Rooms,Carey Agency,one Empty Suite 16C II 16 0229-021-32 Parking Lot 18A III 20 0229-021-66 Six Empty Suites 18B III 21 0229-021-64 Pacific Century Investments,STEM Center USA,and three Empty Suites 19A 111 18&19 0229-021-67 Mountain View Oral Surgery,True Beauty Aesthetic,and one Empty Suite 19B 111 17&18 0229-021-68 CW Driver Construction,and Elevate Chiropractic Corporation 20 111 20 0229-021-69 Clare-Matrix Institute of Addiction Suites 102 A&B,and one Empty Suite 24 III 24 0229-021-61 Smog Stop,Discount Auto,Nu Image Autosports,and one Empty Suite 25 III 25 0229-012-35 Eurotech Imports,Allstar Auto Center and Tint Shop 26 111 26 0229-012-36 Empty Suite 27 II 11&27 0229-012-30 24 Hour Fitness Assessment District No. 93-1 (Masi Plaza) 2 Fiscal Year 2020/21 Attachment#02 Resolution 2020-062 ASSESSMENT DISTRICT NO. 93-1 PROPOSED SOURCES AND USES OF FUNDS Fiscal Year 2020/21 Budget Sources Taxes: Estimated Assessments, Net of Estimated Delinquencies $ 248,630 Interest Revenue 10,910 Total Proposed Sources $ 259,540 Uses Debt Service Principal Repayments $ 200,000 Interest Expense 33,750 Subtotal - Debt Service 233,750 Contract Services 2,500 Assessment Administration 140 Admin./General Overhead 300 Total Proposed Uses $ 236,690 Contribution to/(Use of) Fund Balance $ 22,850 Assessment District No. 93-1 (Masi Plaza) 3 Fiscal Year 2020/21 Attachment#02 Resolution 2020-062 A rl A G1 N 0 0+ a u Z ON m c i 0 � 0 L H � � ■ LQ G i J m o OG = — G! 9S o o - o U- a` y i AV Ise3 ) U H ! i my epuemg3 �"�•��•�: ny epuem i .43 i 19 jaaJ:)Aea i ny J9jSa43O�d i ny JWSa430a ,,aim ny uajQl!W +.�.�.�.�.�.�.�� i AV U91!11!W i i ■ ny uaneH ; ny uaneH ny esowJaH ! ny eSOwJaH ■ G � ny plel!43J`d AV ple4!43J'd i ■ ny uewllaH ink0 .`'' ny uewllaH UI) i 1 ny pJedaulA IS ue!IauJeo i •ram G 'p 8 ,�.�.�■ �.�.r"�i�.uuuuuu ndanOJE) 5 K .. Y t� O) Z +� F BEE 2 m g aga 0:� r � � r Assessment District No. 93-1 (Masi Plaza) 4 Fiscal Year 2020/21 Attachment#02