HomeMy WebLinkAbout87-220 - Resolutions RESOLUTION NO. 87-220
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, SAN BERNARDINO, CALIFORNIA, DETERMINING UNPAID
ASSESSMENTS; DESIGNATING PAYING AGENT, AUTHENTICATING
AGENT, TRANSFER AGENT AND REGISTRAR; AND PROVIDING FOR
ISSUANCE OF BONDS UNDER THE IMPROVEMENT BOND ACT OF 1915
WHEREAS, the City Council of the City of Rancho Cucamonga has heretofore
commenced assessment proceedings pursuant to the Resolution of Intention,
under the Municipal Improvement Act of 1913, and has confirmed assessments on
parcels within the boundaries of a special assessment district designated
ASSESSMENT DISTRICT NO. 86-2
WHEREAS, notice of the recordation of the assessment and of the time
within which assessments may be paid in cash has been published and mailed in
the manner provided by law, the time provided for receiving payment of
assessments in cash has expired, and a list of all assessments which now
remain unpaid has been filed with the Treasurer;
WHEREAS, the assessment proceedings provide for the issuance of Bonds, in
an aggregate amount not to exceed the total amount of the unpaid assessments,
under the Improvement Bond Act of 1915, and it is necessary to establish the
terms for the issuance of the Bonds;
WHEREAS, it is necessary that the City authorize the sale of Bonds
representing unpaid assessments; and
WHEREAS, Stone & Youngberg has offered to purchase the Bonds pursuant to
a Purchase Contract presented to the City and the City wishes to approve the
sale of the Bonds to Stone & Youngberg, pursuant to the Purchase Contract:
NOW, THEREFORE, the City Council of the City of Rancho Cucamonga does
hereby RESOLVE, DECLARE AND ORDER as follows:
ARTICLE I
DEFINITIONSt RULES OF CONSTRUCTION
SECTION 1.01. Definitions. The following terms will have the meanings
indicated below unless the context clearly requires otherwise:
'1913 Act' means the Municipal Improvement Act of 1913, being Division 12
of the Streets and Highways Code.
Resolution No. 87-220
Page 2
'1915 Act" means the Municipal Improvement Act of 1915, being Division 10
of the Streets and Highways Code.
'Assessment District' means Assessment District No. 86-2 of the City.
'Bond Counsel' means counsel whose opinion is acceptable by underwriters in
the marketing of tax-exempt obligations of public entities and political
subdivisions.
'Bondowner' or "Owner' means the person in whose name any Bond is
registered upon the Bond Register maintained by the Paying Agent.
'Bond Register' means the books for registration to be maintained by the
Paying Agent, pursuant to Section 4.01 hereof.
'Bonds' means improvement bonds representing unpaid assessments issued
under the 1915 Act.
'Bond Year' means the twelve month period beginning on the anniversary of
the Closing Date in each year and ending on the day prior to the anniversary
date of the Closing Date in the following year except that the first
Certificate Year shall begin on the Closing Date.
· Cash Payment Account' means the account within the Improvement Fund
designated by the name of the Bonds established under Section 7.02 and held by
the Treasurer.
'City' means the City of Rancho Cucamonga, San Bernardino County,
California.
'City Clerk' means the City Clerk of the City.
'City Council' means the governing body of the City.
'Closing Date' means the date upon which there is an exchange of the Bonds
for the proceeds representing the purchase of the Bonds by the Underwriter.
"Code' means the Internal Revenue Code of 1986, as amended.
'Debt Service' means the scheduled payment of principal and interest on the
Bonds.
"Excess Income' means the amount by which all income earned from the
investment of Invested Funds in Non-Purpose Investments exceeds the amount
which would have been earned if the Invested Funds had been invested at the
Yield plus any income attributable to such excess.
Resolution No. 87-220
Page 3
'Excess Investment Earnings' means an amount equal to the sum of:
{a) The excess of
(i} The aggregate amount earned from the Closing Date on all
Non-purpose Obligations in which Gross Proceeds of the Bonds
are invested (other than amounts attributable to an excess
described in this clause {a}}, over
(ii) The amount that would have been earned if the Yield on such
Non-purpose Obligations Cother than amounts attributable to an
excess described in this clause (a}) had been equal to the
Yield of the Bonds, plus
Cb} Any income attributable to the excess described in clause (a} above.
'Excess Investment Earnings Fund' means the fund designated by the name
of the Bonds established under Section 8.02 and held by the Treasurer.
'Fiscal Year' means July 1 of each year through the next succeeding June
30.
'Gross Proceeds' means the sum of the following amounts:
Ca} Original Proceeds, namely, net amounts received by or for the City
as a result of the sale of the Bonds;
(b) Investment proceeds, namely, amounts received at any time by or for
the City, such as interest and dividends, resulting from the investment of
any Original Proceeds {as referenced in clause Ca} above) or investment
proceeds (as referenced in this clause (b}) in Non-purpose Obligations,
increased by any profits and decreased Cif necessary, below zero} by any
losses on such investments;
(c} Amounts in the Reserve Fund and in any other fund established as a
reasonably required reserve or replacement fund;
Cd} Investment Property pledged as security to make principal or
interest payments on the Bonds;..
(e} Amounts, other than as specified in this definition, used to make
principal or interest payments on the Bonds; and
(f) Amounts received as a result of investing amounts described in this
definition.
"Improvement Fund' means the fund designated by the name of the Bonds
established under Section 7.01 and held by the Treasurer.
Resolution No. 87-220
Page 4
'Improvements' mean the improvements constructed and/or acquired for or
on behalf of the Assessment District together with appurtenances and
appurtenant work, acquisition and incidental expenses in connection
therewith.
'Interest Payment Date' means March 2 and September 2 of each year
'commencing March 2, 1988.
'Invested Funds" means that portion of the Original Proceeds invested in
Non-Purpose Investments.
"Investment Earnings Fund' means the fund designated by the name of the
Bonds established under Section 8.01 and held by the Treasurer.
'Investment Property' means any security (as defined in section
165(g)(2)(A) or (B) of the Code), obligation, annuity contract or
investment-type property, excluding, however, obligations the interest on
which is excluded from gross income, under section 103 of the Code, for
federal income tax purposes.
"Net Proceeds' when used with reference to the Bonds, means the face
amount of the Bonds, plus accrued interest and premium, if any, less original
issue discount and less proceeds deposited in the Reserve Fund.
"Non-Purpose Investments" means any Investment Property which:
(a) Is acquired with the Gross Proceeds of the issue; and
(b) Ls not acquired in order to carry out the governmental purpose of
the issue.
"Non-Purpose Obligation" means any Investment Property which is acquired
with the Gross Proceeds of the Bonds and is not acquired in order to carry
out the governmental purpose of the issue.
"Original Proceeds" means the proceeds from the sale of the Bonds.
"Original Purchaser" means the first purchaser of the Bonds upon their
delivery by the City.
"Outstanding" when used with reference to the Bonds and as of any
particular date means all Bonds theretofore delivered except:
(a) Any Bond cancelled by the Treasurer on or before said date; and
(b) Any Bond in lieu of or in substitution for which another Bond shall
have been delivered pursuant to the Section 3.12 hereof.
"Paying Agent" means the Treasurer of the City who shall act as paying
agent, authenticating agent, transfer agent and registrar with respect to the
Bonds.
Resol uti on No. 87-220
Page 5
'Permitted Investments' mean any investments authorized pursuant to
Article 1, Chapter 4, Part 1, Division 2 of Title 5 of the Government Code of
the State of California, as amended from time to time.
'Private Business Use' means use directly or indirectly in a trade or
business carried on by a natural person or in any activity carried on by a
person other than a natural person, excluding, however, use by a governmental
unit and use as a member of the general public.
"Purchase Agreement' or 'Purchase Contract' means the agreement by and
between the Original Purchaser and City for the purchase of the Bonds.
"Purchase Price' for the purpose of computation of the Yield of the
Bonds, has the same meaning as the term "issue price" in sections 1273{b} and
1274 of the Code, and, in general, means the initial offering price of the
Bonds to the public {not including bond houses and brokers, or similar
persons or organizations acting in the capacity of underwriters or
wholesalers} at which price a substantial amount of the Bonds are sold or, if
the Bonds are privately placed, the price paid by the first buyer of the
Bonds or the acquisition cost of the first buyer. The term "Purchase Price",
for the purpose of computation of the Yield of Non-Purpose Obligations, means
the fair market value of the Non-Purpose Obligations on the date of use of
Gross Proceeds of the Bonds for acquisition thereof, or if later, on the date
that Investment Property constituting a Non-Purpose Obligation becomes a
Non-Purpose Obligation of the Bonds.
'Redemption Fund' means the fund designated by the name of the Bonds
established under Section 6.01 and held by the Treasurer.
'Record Date' means the close of business on the fifteenth (15th) day of
the month preceding each Interest Payment Date whether such fifteenth {15th}
day is a Business Day.
· Regulations' means temporary or permanent regulations promulgated under
the Code.
"Reserve Fund' means the fund designate Bonds established under Section
5.01 and held by the Treasurer.
'Reserve Requirement' means an amount equal to ten per {10%} of the par
value of the Bonds.
'Resolution of Intention' means Resolution No. 86-93, as amended, adopted
by the City Council.
'Superintendent of Streets' means the Superintendent of Streets of the
City.
'Treasurer' means the Treasurer of the City.
Resolution No. 87-220
Page 6
'Unpaid List' means the list of assessments on file with the Treasurer
remaining unpaid thirty {30} days after recordation of the assessment in the
office of the Superintendent of Streets.
'Yield' means that yield which, when used in computing the present worth
of all payments of principal and interest (or o payments in the case of
Non-Purpose Obligations which require payments in a form not characterized as
principal and interest on a. Non-Purpose Obligation or of the Bonds produces
an amount equal to the Purchase Price of such Non-Purpose Obligation or the
Bonds, all computed as prescribed in applicable Regulations.
ARTICLE II
UNPAID ASSESSMENTS
Section 2.01. Unpaid Assessments. The assessments now remaining unpaid
in the aggregate amount of
$2,059,351.81
are shown on the Unpaid List on file in the office of the Treasurer and by
reference made a part hereof.
Section 2.02. Parcel Descriptions. For a description of the lots or
parcels of land bearing the respective assessment numbers set forth on the
Unpaid List and upon which assessment remain unpaid, reference is hereby made
to the assessment and diagram recorded in the Office of the Superintendent of
Streets.
ARTICLE III
BONDS
Section 3.01. Issuance of Bonds. Bonds shall be issued in the aggregate
principal amount of
$2,059,351.81
representing assessments remaining unpaid as shown on the Unpaid List, upon
the security of the unpaid assessments, pursuant to the 1915 Act, Resolution
of Intention and assessments proceedings duly had and taken, for the purpose
of paying for the costs of the Improvements for the Assessment District.
Section 3.02. Registration~ Denomination. The Bonds shall be issuable
only as fully registered Bonds in the denomination of $5,000, or any integral
multiple thereof; except that, if the amount by which the total issue exceeds
the maximum integral multiple of $5,000, then one Bond in such amount shall
be issued to mature in the first year of maturity.
Resolution No. 87-220
Page 7
Section 3.03. Date. The Bonds shall be dated
April 6, 1987
and interest shall accrue thereon from such date, unless otherwise provided
by the Purchase Contract.
Section 3.04. Maturity. The Bonds shall be issued in serial form with
annual maturities on September 2nd of each year succeeding the first twelve
(12) months after their date, until the whole is paid. The last installment
of Bonds shall mature on
September 2, 2007
The amount maturing each year shall be such as to result in approximately
equal annual debt service during the term of the issue, as provided by the
Purchase Contract.
Section 3.07. Interest. Each Bond shall be of a single maturity and
shall bear interest at the rate to be determined on the sale thereof on March
2 or September 2 commencing
March 2, 1988
next preceding the date on which it is authenticated and registered, unless:
(a) The Bond is authenticated and registered as of an Interest Payment
Date, in which case it shall bear interest from such Interest
Payment Date; or
(b) The Bond is authenticated and registered prior to the first Interest
Payment Date, in which case it shall bear interest from its date;
until payment of its principal sum has been discharged.
Section 3.06. Form of Bonds. The Bonds shall be substantially in the
form set forth on Exhibit A.
Section 3.07. Medium of Payment. The Bonds shall be payable in lawful
money of the United States of America which at the time of payment is legal
tender for the payment of public and private debts.
Section 3.08. Payment of Principal and Interest. The principal on the
Bonds shall be payable in lawful money of the United States of America at the
Principal Office of the Paying Agent. Interest on the Bonds shall be paid by
the Paying Agent by check mailed on the Interest Payment Date to the regis-
tered Owner of each Bond as his name and address appear on the Bond Register
kept by the Paying Agent at the close of business on the Record Date.
Resolution No. 87-220
Page 8
Section 3.09. Failure to Pay Interest. Each Bond shall continue to bear
interest after maturity at the rate stated thereon, provided it is presented
at maturity and payment thereof is refused on the sole ground that there is
not sufficient money in the Redemption Fund with which to pay same. If a
Bond is not presented at maturity, interest thereon shall run only until
maturity.
Section 3.10. Execution. The Bonds shall be executed in facsimile by
the Treasurer and City Clerk. The seal of the City shall be imprinted in
facsimile on the Bonds. The Bonds shall then be delivered to the Paying
Agent for authentication and registration. In case an officer who shall have
signed or attested to any of the Bonds by facsimile or otherwise shall cease
to be such officer before the authentication, delivery and issuance of the
Bonds, the Bonds nevertheless may be authenticated, delivered and issued, and
thereupon shall be as binding as though those who signed and attested the
same had remained in office.
Section 3.11. Authentication. Only those Bonds which bear a certificate
of authentication substantially in the form set forth on Exhibit A manually
executed by the Paying Agent shall be valid or obligatory for any purpose or
entitled to the benefits of this Resolution. The certificate of the Paying
Agent shall be conclusive evidence that the Bonds so authenticated have been
duly executed, authenticated and delivered hereunder, and are entitled to the
benefits of this Resolution.
Section 3.12. Bonds Mutilated~ Destroyed~ Stolen or Lost. In case any
Bond shall become mutilated or be destroyed, stolen or lost, the City shall
execute and the Paying Agent shall authenticate and deliver a new bond of
like maturity and principal amount as the Bond so mutilated, destroyed,
stolen or lost, in exchange and substitution for such a mutilated Bond, upon
surrender and cancellation of the mutilated Bond or in lieu of and in
substitution for a destroyed, stolen or lost Bond, upon filing with the City
and the Paying Agent evidence satisfactory to the City and the Paying Agent
that the bond has been destroyed, stolen or lost and proof of ownership
thereof, and upon furnishing the City and the Paying Agent with indemnity
satisfactory to each, complying with such other reasonable regulations as the
City and the Paying Agent may incur. All mutilated Bonds so surrendered
shall be cancelled by the Paying. Agent.
Section 3.13. Temporary Bonds. Until the definitive Bonds are prepared,
the City may execute and the Paying Agent may authenticate and deliver, in
lieu of definitive Bonds, but subject to the same provisions, limitations and
conditions as the definitive Bonds, except as to exchange ability for Bonds,
one or more temporary Bonds (which shall be registered as to principal and
interest), substantially of the tenor of the definitive Bonds in lieu of
which such temporary Bond or Bonds are issued and with such omissions or
insertions of and variations from the terms and conditions thereof as may be
appropriate to temporary Bonds. The City at its expense shall prepare and
execute and the Paying Agent upon the surrender of such temporary Bonds for
exchange and the cancellation of such surrendered temporary Bonds, without
charge to the Owner thereof, shall authenticate and deliver in exchange
Resolution No. 87-220
Page 9
therefor, at the Principal Office of the Paying Agent, definitive Bonds of
the same aggregate principal amount and maturity. The temporary Bonds shall
in all respects be entitled to the same benefits and security as definitive
Bonds issued pursuant to this Resolution. All temporary Bonds surrendered in
exchange for a definitive Bond or Bonds shall be forthwith cancelled by the
Paying Agent.
Section 3.14. Order to Print and Authenticate Bonds. The Treasurer is
hereby instructed to cause the Bonds, in such form as shall be approved by
the City and its Bond Counsel, to be printed, and to proceed to cause the
Bonds to be authenticated and delivered to an authorized representative of
the Underwriter, upon payment of the purchase price as set forth in the
accepted Purchase Agreement for the sale of Bonds.
ARTICLE IV
REGISTRATION~ TRANSFER~ EXCHANGE~ CANCELLATION
Section 4.01. Bond Register. All of the Bonds issued under this
Resolution shall be subject to the provisions for registration and transfer
contained in this Resolution and in the Bonds. So long as any of the Bonds
shall remain outstanding, the Paying Agent shall maintain and keep, at its
principal Office, the Bond Register, and, upon presentation of a Bond for
registration or transfer at the Principal Office, the Paying Agent shall
register or cause to be registered therein, and permit to be transferred
thereon, under such reasonable regulations as the City or the Paying Agent
may prescribe, any Bond entitled to registration or transfer. So long as any
of the Bonds remain outstanding, the City shall make all necessary provisions
to permit the exchange of Bonds at the Principal Office of the Paying Agent.
Section 4.02. Transfer Bonds. Each Bond shall be transferable only upon
the Bond Register by the Owner thereof in person or by his attorney duly
authorized in writing, upon surrender thereof, together with a written
instrument of transfer satisfactory to the Paying Agent duly executed by the
Owner or his duly authorized attorney. Upon the transfer of any Bond, the
Paying Agent shall issue in the name of the transferee a new Bond or Bonds of
a like aggregate principal amount of the same series, interest rate and
maturity as the surrendered Bond or Bonds.
Section 4.03. Exchanqe of Bonds. Any Bond or Bonds may be exchanged at
the Principal Office of the Paying Agent, upon surrender thereof, by the
Owner in person or by his attorney duly authorized in writing. Upon exchange
of such Bond or Bonds, the Paying Agent shall issue in the name of the Owner
thereof a new Bond or Bonds for a like aggregate principal amount of the same
series, interest rate and maturity as the surrendered Bond or Bonds.
Section 4.04. Regulations with Respect to Exchanqes and Transfers. In
all cases in which the privilege of exchanging or transferring Bonds is
exercised, the City shall execute and the Paying Agent shall authenticate and
deliver Bonds in accordance with the provisions of this Resolution. All
Resolution No. 87-220
Page 10
Bonds surrendered in any such exchanges or transfers shall forthwith be
cancelled by the Paying Agent and delivered to the City. For every such
exchange or transfer of Bonds, whether temporary or definitive, the City or
the Paying Agent may impose a charge sufficient to reimburse them for any
tax, fee or other governmental charge required to be paid with respect to
such exchange or transfer (other than such as may have been imposed by the
City), which sum or sums shall be paid by the person requesting such exchange
or transfer as a condition precedent to the exercise of the privilege of
making such exchange or transfer.
Section 4.05. No Exchange or Transfer. No exchange or transfer of Bonds
shall be made during the period from any Record Date to the next succeeding
Interest Payment Date.
Section 4.06. Cancellation. All Bonds paid or redeemed, either at or
before maturity, shall be cancelled upon payment or redemption of such Bonds,
and upon delivery of such Bonds to the Paying Agent when such payment or
redemption is made. All Bonds cancelled under any of the provisions of this
Resolution shall be sent by certified or registered mail to the City which
shall retain such Bonds for the statutory period of one year, after which
such Bonds may be destroyed upon execution of a certificate describing the
Bonds so destroyed. The City shall retain the executed certificate in its
permanent files for the issue.
ARTICLE V
RESERVE FUND
Section 5.01. Reserve Fund. A fund is hereby created and designated
Reserve Fund
Assessment District No. 86-2
to be held and administered by the Treasurer.
Section 5.02. Disposition of Proceeds. Bond proceeds in an amount equal
to the Reserve Requirement of
$205,934.41
shall be transferred to the Reserve Fund.
Section 5.03. Application. The monies in the Reserve Fund shall be
applied as follows:
(a) Except as provided in Section 5.06, monies in the Reserve Fund shall
be transferred to the Redemption Fund for the Bonds if, as a result of
delinquencies in the payment of assessments, there are insufficient monies in
the Redemption Fund to pay principal of and interest on the Bonds. Amounts
Resolution No. 87-220
Page 11
so transferred shall be repaid to the Reserve Fund from proceeds from the
redemption or foreclosure of property with respect to which such transfer was
required and from payments of the delinquent assessments; and
(b) Whenever monies in the Reserve Fund are sufficient to retire all of
the Bonds outstanding, plus accrued interest thereon, such money shall be
transferred to the Redemption Fund and collection of the remaining unpaid
assessments shall cease.
Section 5.04. Investment. The monies in the Reserve Fund may be
invested and reinvested in Permitted Investments.
Section 5.06. Transfer of Investment Earnings. All interest earnings
and profits on amounts in the Reserve Fund shall be transferred to the
Investment Earnings Fund upon receipt thereof.
ARTICLE VI
REDEMPTION FUND
Section 6.01. Redemption Fund. A fund is hereby created and designated
Redemption Fund
Assessment District No. 86-2
to be held and administered by the Treasurer.
Section 6.02. Disposition of Proceeds. Bond proceeds in the amount of
$146,213.98
representing not to exceed one year's interest on the Bonds shall be deposit-
ed in the Redemption Fund upon sale and delivery of the Bonds.
Section 6.03. Accrued Interest. Accrued interest paid by the Original
Purchaser, if any, shall be deposited in the Redemption fund upon sale and
delivery of the Bonds and used for payment of interest due on the first
Interest Payment Dates.
Section 6.04. Application. Except as provided in Section 6.06, monies
in the Redemption Fund shall be used exclusively for the payment of principal
of and interest on the Bonds when due.
Section 6.05. Investment. The monies in the Redemption Fund may be
invested and reinvested in Permitted Investments.
Section 6.06. Transfer of Investment Earnings. All interest earnings
and profits on amounts in the Redemption Fund shall be retained in the
Redemption Fund if such earnings and profits in any Bond Year are less than
Resolution No. 87-220
Page 12
$100,000. If the aggregate earnings and profits equal or exceed $100,000 in
any Bond Year, then all such earnings and profits shall be forthwith
transferred to the Investment Earnings Fund.
ARTICLE VII
IMPROVEMENT FUND
Section 7.01. Improvement Fund. A fund is hereby created and designated
Improvement Fund
Assessment District No. 86-2
to be held and administered by the Treasurer.
Section 7.02. Cash Payment Account. Within the Improvement Fund, an
account is hereby created and designated
Cash Payment Account
Improvement Fund
Assessment District No. 86-2
to be held and administered by the Treasurer.
Section 7.03. Disposition of Cash Payments. All payments made by the
owners of property within the Assessment District, pursuant to Section 10603
of the Streets and Highways Code, shall be deposited in the Cash Payment
Account.
Section 7.04. Investment of Cash Payments. The monies in the Cash
Payment Account may be invested and reinvested in Permitted Investments,
without regard to yield limitations or rebate requirements under the Code,
and shall be retained in the Cash Payment Account for the purpose specified
in Section 7.08.
Section 7.05. Disposition of Bond Proceeds. After deposit of the
required amounts in the Reserve Fund and Redemption Fund, the remaining
proceeds from the sale of the Bonds shall be deposited in the Improvement
Fund.
Section 7.06. Investment of Bond Proceeds. The monies in the Improve-
ment Fund, exclusive of the monies in the Cash Payment Account, may be
invested and reinvested in Permitted Investments.
Section 7.07. Transfer of Investment Earnings on Bond Proceeds. All
interest earnings and profits on amounts in the Improvement Fund, exclusive
of the amounts in the Cash Payment Account, shall be transferred to the
Investment Earnings Fund upon receipt thereof.
Resolution No. 87-220
Page 13
Section 7.08. Application. The monies in the Improvement Fund and
Account therein shall be used exclusively for the payment of the costs of the
Improvements described in the Resolution of Intention, as now or hereafter
amended by appropriate change and modification proceedings.
Section 7.09. SUrplus Funds. Any surplus in the Improvement Fund after
completion of the Improvements shall remain in the Improvement Fund for a
period not less than two (2) years from the date of receipt of Bond proceeds
and thereafter shall be utilized or distributed pursuant to Section 10427.1
of the Streets and Highways Code.
ARTICLE VIII
REBATE
Section 8.01. Investment Earnings Fund. A fund is hereby created and
designated
Investment Earnings Fund
Assessment District No. 86-2
to be held and administered by the Treasurer.
Section 8.02. Excess Investment Earnings Fund. A fund is hereby created
and designated
Excess Investment Earnings Fund Assessment District No. 86-2
to be held and administered by the Treasurer.
Section 8.03. Transfers to Investment Earnings Funds. All interest
earnings and profits on amounts in all funds and accounts established
hereunder, other than:
(a) Interest earnings and profits on the Redemption Fund and any other
funds referenced in this Section if such earnings in any Bond Year are less
than $100,000;
(b) Interest earnings and profits on amounts in funds and accounts which
do not constitute Gross Proceeds; and
(c) Interest earnings and profits on the Excess Investment Earnings
Fund;
shall, upon receipt by the Treasurer, be deposited in the Investment Earnings
Fund. In addition, all interest earnings and profits on Gross Proceeds in
funds held by the City shall, upon receipt, be deposited by the Treasurer in
the Investment Earnings Fund.
Resolution No. 87-220
Page 14
Section 8.04. Transfers to Excess Investment Earnings Fund. Annually,
on the last day of each Bond Year or on the preceding business day in the
event that such last day is not a business day, the Treasurer shall transfer
from the Investment Earnings Fund to the Excess Investment Earnings Fund for
purposes of ultimate rebate to the United States an amount equal to Excess
Investment Earnings.
Section 8.05. Transfers to Redemption Fund. After the transfer,
pursuant to Section 8.04, the Treasurer shall transfer all amounts remaining
in the Investment Earnings Fund to the Redemption Fund to be used for Debt
Service on the next Payment Date.
Section 8.06. Duties of Treasurer in General. The Treasurer shall
calculate Excess Investment Earnings in accordance with Section 8.07 and
shall assure payment of an amount equal to Excess Investment Earnings to the
United States in accordance with Sections 8.08 and 8.09.
Section 8.07. Calculation of Excess Investment Earnings. Prior to the
last day of the first Bond Year, the Treasurer shall calculate the Excess
Investment Earnings referenced in clause (a)(i) of the definition of Excess
Investment Earnings. Thereafter, fifteen (15) days prior to the last day of
each Bond Year and on the date of the payment of the Bonds in full, the
Treasurer shall calculate the amount of Excess Investment Earnings. The
calculations shall be made or caused to be made by the Treasurer as follows:
(a) Except as provided in (b), in determining the amount described in
clause (a)(i) of the definition of Excess Investment Earnings, the aggregate
amount earned on Non-purpose Obligations shall include;
(i) All income realized under federal income tax
accounting principles (whether or not the person
earning such income is subject to federal income tax)
with respect to such Non-purpose Obligations and with
respect to the reinvestment of investment receipts
from such Non-purpose Obligations (without regard to
the transaction costs incurred in acquiring,
carrying, selling or redeeming such Non-purpose
Obligations), including, but not limited to, gain or
loss realized on the disposition of such Non-purpose
Obligations (without regard to when such gains are
taken into account under Section 453 of the Code
relating to taxable year of inclusion of gross
income), and income under section 1273 of the Code
(relating to original issue discount); and
(ii) Any unrealized gain or loss as of the date of payment
of the Bonds in full in the event that any
Non-Purpose Obligation is retained after such date.
Resolution No. 87-220
Page 15
(b) In determining the amount described in clause (a)(i) of the defini-
tion of Excess Investment Earnings, Investment Property shall be treated as
acquired for its fair market value at the time it becomes a Non-purpose
Obligation, so that gain or loss on the disposition of such Investment
Property shall be computed with reference to such fair market value as its
adjusted basis.
(c) In determining the amount described in clause (a)(ii) of the
definition of Excess Investment Earnings, the Yield of the Bonds shall be
determined based on the actual Yield of the Bond during the period between
the Closing Date and the date the computation is made (with adjustments for
original issue discount or premium).
(d) In determining the amount described in clause (b) of the definition
of Excess Investment Earnings, all income attributable to the excess
described in clause (a) of this definition must be taken into account,
whether or not that income exceeds the Yield of the Bonds, and no amount may
be treated as "negative arbitrage".
(e) In determining the amount of Excess Investment Earnings, there shall
be excluded any amount earned on any fund or account which is used primarily
to achieve a proper matching of revenues and Debt Service within each Bond
Year and which is depleted at least once a year except for a reasonable carry
over amount not in excess of the greater of one year's earnings on such fund
or account or one-twelfth of annual Debt Service as well as amount earned on
such earnings if the gross earnings on such fund or account for the Bond Year
is less than $100,000.
Section 8.08. Payment to the United States. The Treasurer shall pay
from the Excess Investment Earnings Fund an amount equal to Excess Investment
Earnings to the United States in installments with the first payment to be
made not later than thirty (30) days after the end of the fifth (5th) Bond
Year and with subsequent payments to be made not later than five (5) years
after the preceding payment was due. The Treasurer shall assure that each
such installment is in an amount equal to at least ninety percent (90%) of
the Excess Investment Earnings with respect to the Gross Proceeds as of the
close of the computation period. Not later than sixty (60) days after the
payment of the Bonds in full, the Treasurer shall pay from the Excess
Invest Earnings Fund to the United States one hundred percent (100%) of the
theretofore unpaid Excess Investment Earnings. In the ev that there are any
amounts remaining in the Excess Investment Earnings Fund following the
payment required by the preceding sentence, the Treasurer shall pay such
amounts to the City to be used for any lawful purpose of the City. The
Treasurer shall remit payments to the United States at the address prescribed
by the Regulations as the same may be from time to time in effect, with such
reports and statements as may be prescribed by such Regulations. In the
event that, for any reason, amounts in the Excess Investment Earnings Fund
are insufficient to make the payments to the United States which are required
by this Section, the Treasurer shall assure that such payments are made to
the United States, on a timely basis, from any funds lawfully available
therefor.
Resolution No. 87-220
Page 16
Section 8.09. Further Obligation of Treasurer. The Treasurer shall
assure that Excess Investment Earnings are not paid or disbursed except as
required in this Article. To that end, the Treasurer shall assure that
investment transactions are on an arm's length basis and that Non-purpose
Obligations are acquired at their fair market value. In the event that
Non-purpose Obligations consist of certificates of deposit or investment
contracts, investment in such Non-purpose Obligations shall be made in
accordance with the procedures described in applicable Regulations as from
time to time in effect.
Section 8.10. Maintenance of Records. The Treasurer shall keep, and
retain for a period of six (6) years following the payment of the Bonds in
full, records of the determinations made pursuant to this Article.
Section 8.11. Independent Consultants. In order to provide for the
administration of this Article, the Treasurer may provide for the employment
of independent attorneys, accountants and consultants compensated on such
reasonable basis as the Treasurer may deem appropriate.
ARTICLE IX
DEFICIENCIES IN REDEMPTION FUND
Section 9.01. No Obligation to Advance Funds. The City shall not be
obligated to advance any lawfully available funds to cure any deficiency
which may occur in the Redemption Fund; provided that this determination
shall not prevent the City, in its sole discretion, from so advancing such
funds.
Section 9.02. Title of Bonds. The determination not to advance law-
fully available funds to cure deficiencies in the Redemption Fund shall be
clearly stated in the title of any Bonds issued representing unpaid assess-
ments, pursuant to Section 8769 of the Streets and Highways Code.
ARTICLE X
REDEMPTION
SECTION 10.01. Redemption. The outstanding Bonds may be redeemed and
paid in advance of maturity upon the 2nd of March or 2nd of September in any
year by giving the notice provided by law and by paying principal and accrued
interest together with a premium equal to
Three percent (3%)
of the principal thereof.
Resolution No. 87-220
Page 17
Section 10.02. Notice of Redemption. The notice shall specify the
maturities of the Bonds to be redeemed, the redemption date and the place or
places where amounts due upon such redemption will be payable and, if less
than all of the bonds of any like maturity are to be redeemed, the letter and
numbers or other distinguishing marks of such Bonds to be redeemed, and, in
the case of a Bond to be redeemed in part only, such notice shall also
specify the portion of the principal amount thereof to be redeemed.
Section 10.03. Redemption of Less than Entire Bond. If there shall be
called for redemption less than all of a Bond, the City shall execute and the
Paying Agent shall authenticate and deliver, upon the surrender of such Bond
to the Paying Agent, without charge to the owner thereof, for the unredeemed
balance of the principal amount of the Bond surrendered, a bond or bonds of
the same maturity and of any authorized denomination.
ARTICLE XI
PAYING AGENT
Section 11.01. Appointment. The City Council hereby appoints
Treasurer
of the
City of Rancho Cucamonga
as paying agent, authenticating agent, transfer agent and registrar for the
Bonds.
Section 11.02. Approval of Administrative Charges. The City Council
hereby authorizes and directs the Paying Agent to collect administrative
charges to defray expenses incurred in performing the services specified
herein as may be authorized by law.
ARTICLE XII
TAX COVENANTS
Section 12.01. Intention of Covenants. It is the intention of the City
that the interest paid on the Bonds be exempt from federal income taxation to
the extent permitted under the Code and from personal income taxation imposed
by the State of California and therefore the City agrees to the covenants
contained in this Article.
Section 12.02. Compliance with Code and Regulations. The City
represents and covenants, for the benefit of the Bond Owners, that until the
last Bond has been paid or defeased, the City will comply with all require-
ments of the Code and all applicable Regulations.
Section 12.03. General. The City represents and covenants that:
(a) The City is a governmental unit of general taxing powers.
Resolution No. 87-220
Page 18
(b) The Original Proceeds will be used, in part, to construct and
acquire the Improvements and to pay costs and expenses incident thereto.
(c) The Improvements are owned and operated by the City, except for
certain improvements that are under the ownership, management and control of
other public agencies or regulated public utilities.
Section 12.04. Private Activity Bond Prohibition. The City represents
and covenants that the Original Proceeds will not be used in a manner that
would cause the Bonds to become "private activity bonds" within the meaning
of Section 141 of the Code, including;
(a) No part of the Original Proceeds will be used for any private
business use within the meaning of Section 141 of the Code.
(b) None of the payment of the principal of or the interest on the Bonds
is directly or indirectly secured by any interest in:
(i) Property used or to be used for a private business use; or
(ii) Payments in respect to such property,
or to be derived from such payments (whether or not made to the City) in
respect of property, or borrowed money, used or to be used for a private
business use, all within the meaning of Section 141 of the Code.
(c) None of the Original Proceeds will be used directly, or indirectly,
to make or finance loans to persons other than governmental units, within the
meaning of Section 141 of the Code.
Section 12.05. Substantial Expenditure. The City represents and
covenants that substantially all of the Original Proceeds and investment
earnings thereon will be expended on or before
May 1, 1990
Section 12.06. Investment of Proceeds. The City represents and
covenants that;
(a) The Original Proceeds will not exceed the amount necessary to
achieve the purposes stated herein and no portion of the Bonds is issued
solely for the purpose of investing such portion at a materially higher yield
(taking into account the discount) than the Yield on the Bonds.
(b) The Redemption Fund has been established primarily to achieve a
matching of revenues and payments due with respect to the Bonds in each
year. Amounts deposited in the Redemption Funa will be depleted at least
once a year except for a reasonable carry-over amount not to exceed one
year's earnings on such Fund and all monies deposited in such Fund will be
expended within a thirteen (13) month period beginning on the date of
Resolution No. 87-220
Page 19
deposit. The amount in the Redemption Fund will be invested without regard
to yield, but in no event will the aggregate earnings on the Redemption Fund
be permitted to exceed $100,000 in any Bond Year. If the aggregate earnings
exceed $100,000 in any Bond Year, then all amounts earned on the Redemption
Fund shall be subject to Article VIII.
(c) A portion of the Original Proceeds in an amount not to exceed 10% of
the Original Proceeds will be deposited into a reasonably required Reserve
Fund. At no time will the amounts deposited to the Reserve Fund be in excess
of 10% of the Original Proceeds. Amounts held in the Reserve Fund will be
invested without regard to yield. Amounts earned on the Reserve Fund will be
subject to Article VIII.
(d) No funds held by the City and pledged to the payment of the Debt
Service or the Bonds shall be invested so as to produce a yield in the excess
of the Yield on the Bonds.
(e) Notwithstanding the foregoing, any Original Proceeds and other
amounts held in the Fund described above may be invested in obligations
earning interest which is exempt from federal taxation under Section 103 of
the Code, and any amounts earned from so investing shall not be subject to
Article VIII.
Section 12.07. Private Loan Use Limitation. The City represents and
covenants to assure that not in excess of the lesser of $5,000,000 or five
percent (5%) of the Net Proceeds of the Bonds is used, directly or
indirectly, to make or finance a loan (other than loans constituting
Non-purchase Obligations) to persons other than state or local government
units.
Section 12.08. Federal Guarantee Prohibition. The City represents and
covenants that:
(a) Neither the principal of nor the interest on the Bonds is directly
or indirectly guaranteed in whole or in part by the United States or any
agency or instrumentality of the United States so as to cause the Debt
Service or the Bonds to be federally guaranteed within the meaning of Section
149(b) of the Code or any Regulations.
(b) No significant portion of the Original Proceeds will be used to make
any loan, the payment of principal or interest of which is to be guaranteed
(in whole or in part) by the United States or any agency or instrumentality
of the United States so as to cause the 1987 Certificates to be federally
guaranteed within the meaning of Section 149(b) of the Code or any
Regulations.
Section 12.09. Prohibition Against Artifice or Device. The City
represents and covenants that the Bonds are not and will not be part of a
transaction or series of transactions that attempts to circumvent the
provisions of Section 148 of the Code or any Regulations:
Resolution No. 87-220
Page 20
(a) Enabling the City to exploit the difference between tax-exempt and
taxable interest rates to gain material financial advantage; and
(b) Increasing the burden on the market for tax-exempt obligations.
Section 12.10. Pledged Revenues. The City represents and covenants that
no revenues or amounts in other accounts or funds of the City are reserved or
pledged for Debt Service or the Bonds.
Section 12.11. No Arbitrage. The City represents and covenants that the
City shall not take, or permit or suffer to be taken, any action with respect
to the Gross Proceeds of the Bonds which if such action had been reasonably
expected to have been taken, or had been deliberately and intentionally
taken, on the Closing Date would have caused the Bonds to be an "arbitrage
bond" within the meaning of Section 148(a) of the Code or any Regulations.
Section 12.12. Registration. The City represents and covenants to cause
the Bonds to be delivered (and transferred if requested) in fully registered
form.
Section 12.13. Amendment. The City represents and covenants to amend
this Resolution and the assessment proceedings to make such additions,
deletions or modifications as may be necessary to assure compliance with
Section 148(f) of the Code relating to required rebate of Excess Investment
Earnings to the United States or otherwise as may be necessary to assure
exemption from federal income taxation of the interest on the Bonds.
ARTICLE XIII
GENERAL PROVISIONS
Section 13.01. Covenant to Foreclosure. The City covenants that upon
default of any assessment payment due, it will cause foreclosure proceedings
to be brought within one hundred fifty (150) days of such default and
thereafter diligently prosecute such proceedings to completion. Furthermore,
the City covenants to bid the minimum of any delinquent amount at any
foreclosure sale.
Section 13.02. Unpaid Assessments as Trust Fund. The unpaid assessments
shown on the Unpaid List presented to and determined by the City to be
correct, together with the interest thereon, shall remain and constitute a
trust fund for the redemption and payment of the Bonds and of the interest
which may be due thereon. An installment of each assessment shall be payable
in each year preceding the date of maturity of each of the several series of
bonds which have been issued, sufficient to pay the bonds when due.
Section 13.03. Reassessment. If any assessment heretofore or hereafter
issued is void or unenforceable, for any cause, or if Bonds are issued to
represent or be secured by any assessments and such issuance is not effective
Resolution No. 87-220
Page 21
through the curative provisions under Division 10 or Division 12 of the
Streets and Highways Code to make the Bonds valid and enforceable, then a
reassessment shall be made in the manner and form provided by Division 10.
Section 13.04. Incontestability. After the sale and delivery of the
Bonds by the City, the Bonds shall be incontestable by the City.
Section 13.05. Contract with Bondowners. The provisions of this
Resolution and of any other resolution supplementing or amending this
Resolution shall constitute a contract between the City and the Bondowners
and such provisions shall be enforceable by any Bondowner for the equal
benefit and protection of all Bondowners similarly situated by mandamus,
accounting, mandatory injunction or any other suit, action or proceeding at
law or in equity that is now or may hereafter be authorized under the laws of
the State of California in any court of competent jurisdiction. This
contract is made under and is to be construed in accordance with the laws of
the State of California.
No remedy conferred hereby upon any Bondowner is intended to be exclusive
of any other remedy, but each such remedy is cumulative and in addition to
every other remedy and may be exercised without exhausting and without regard
to any other remedy conferred by law. No waiver of any default or breach of
duty or contract or shall impair any right or remedies on said subsequent
default or breach. No delay or omission of any Bondowner to exercise any
right or power accruing upon any default shall impair any such right or power
or shall be construed as a waiver of any default or acquiescence therein.
Every substantive right and every remedy conferred upon the Bondowners may be
enforced and exercised as often as may be deemed expedient. In case any
suit, action or proceeding to enforce any right or exercise any remedy shall
be brought or taken and should said suit, action or proceeding be abandoned,
or be determined adversely to the Bondowners, then, in every such case, the
City and the Bondowners shall be restored to their former positions, rights
and remedies as if such suit, action or proceeding had not been brought or
taken.
Section 13.06. Cessation of Agreements. When all of the Bonds and all
interest to accrue thereon have been fully paid and discharged, the agree-
ments in this Resolution shall cease and terminate, and the City shall be
under no further obligation to do or perform any of the covenants, condi-
tions, or agreements in this Resolution.
Section 13.07. Partial Invalidit~. If any section, subsection,
sentence, clause or phrase of this Resolution shall be for any reason held by
a court of competent jurisdiction to be unconstitutional, invalid or
unenforceable, such holding shall not affect the validity of the remaining
portions hereof. The City Council hereby declares that it would have passed
this Resolution and each section, subsection, sentence, clause or phrase
hereof irrespective of the fact that any one or more sections, subsections,
sentences, clauses or phrases be declared to be unconstitutional, invalid or
unenforceable, such holding shall not affect the validity of the remaining
portions hereof.
Resolution No. 87-220
Page 22
Section 13.08. Liberal Construction. This Resolution shall be liberally
construed to the end that its purpose may be effected. No error, irregula-
rity or informality and no neglect or omission herein or in any proceeding
had pursuant hereto which does not directly affect the jurisdiction of the
City Council shall void or invalidate this Resolution or such proceeding or
any part thereof, or any act or determination made pursuant thereto.
Section 13.09. Authorization to Authenticate. The Paying Agent is
hereby authorized and directed to authenticate and deliver the Bonds to the
Underwriter upon payment of the purchase price thereof.
Section 13.10. Authorization of Officers. The officers of the City are
hereby authorized and directed, jointly and severally, to do any and all
things and to execute and deliver any and all documents which they may deem
necessary or advisable in order to consummate the issuance, sale and delivery
of the Bonds, and otherwise to effectuate the purposes of this Resolution,
and such actions previously taken by such officers are hereby ratified and
con fi rmed.
Section 13.11. Effective Date. This Resolution shall become effective
upon adoption.
NO ACTION this 6th day of May, 1987.
AYES:
NOES:
ABSENT: ~
Dennis L. Stout, Mayor
ATTEST:
"~eve~rly~A. A~'~thelet, City Cl~erk
I, BEVERLY A. AUTHELET, CITY CLERK of the City of Rancho Cucamonga,
California, do hereby certify that the foregoing Resolution was duly passed,
approved, and adopted by the City Council of the City of Rancho Cucamonga,
California, at a regular meeting of said City Council held on the 6th day of
May, 1987.
Executed this 6th day of May, 1987 at Rancho Cucamonga, California.
8everly/A. Authelet, City Clerk
Resolution No. 87-220
Page 23
UN1TEDSg~TES OF AMERICA
S~RTE OF
OINfY OF SAN BERNARD~
Number Amount
C ] [$ ]
(LU4 TED OBLICAT B D)
CITY OF RANCM0 ~J~
ASSES6}~T DISTRICT NO. 86-2
INTEREST~ MATURITY DATE BOND hATE
APRIL6, 1987
Under and by virtue of the "Improvement B~nd Act of 1915", being Division
Z0 (commencing with Section 8500) of the Streets and Highways Code of the
State of California (the "Act"), the City of Rancho Cucamonga, California (the
"City" ) will, out of the i
redeVe on fund for the payment of the b~nds issued
upon the assessments made for the acquisition and construction of certain
public works of improvement in the Assesemnt District, being Assessment
District No. 86-2, ~ore fully described in Resolution of Intention No. 86-93
(the "Resolution of Intention',), adopted by the City Council of the City of
Pancho Cucamm~ on the day of , 19__, pay to the Registered Owner
the Principal Amount indicated above in lawful mmey of tb~ United States of
America, with interest there~n fr~ the Interest Payment Date (as hereinafter
defined) next preceding the date on which this bond is authenticated and
registered, unless this bond is authenticated and registered as of an Interest
Payment Eats, in which case i% shall bear interest f~-~ said Interest Payment
Eats, or unless this bond is authenticated and registered prior to the first
Interest Payment Date, in which case it shall bear interest fm its date,
until payment of such principal sum b~ been discbar~ed, at tb~ Interest Rats
indicated above per annum, at Bank of America National Trust and Savings
Association, as paying agent, registrar and transfer agent (the "Regist/-ar"),
having a principal corporate agency service center at which it conducts such
business in San FranciscD, California ( the "Principal Office").
A-1
Resolution No. 87-220
Page 2~ti~ bon~ will oontinua to bea~ intez~ ai~ ~i~ at ~ ~~t
~ ~e s~; ~i~, it ~ p~ at m~i~ ~ ~t ~f is
~i~ ~ ~ ~ ~ ~y ~. If it ~ ~ p~ at m~i~,
~ ~ ~11 ~ ~ ~ ~~ at m~i~.
~s ~ ~1 ~ ~ ~~ ~ ~ ~fit
p~ or ~ ~ or ~li~ for
~ifi~ of ~~m ~ ~~~m
~ ~ ~ ~ of ~ ~ ~ie of
eff~, ~ ~ff~ ~ ~, ~ ~ ~ m~iti~, ~ ~ ~e
Ci~ ~ ~ ~ ~ ~ ~l~i~ of I~ ~ ~ a~~ pr~i~
~t of ~ ~lim Fi~ N~ ~ ~ ~ Fi~ ~ ~ Sl/lO0
~11~ ($2,059,351.81) for ~ ~ of ~i~ M for ~y~ for ~e
~rk ~ ~ ~M ~ ~ ~1~ of ~i~,
~i~ ~ ~ for ~ ~~ of ~id ~rk, ~, ~1~ pr~i~
~ ~~, ~ ~le ~iv~y ~ of
~ 2~ ~y of ~ ~ ~ ~ ~~ (~ ,,~~ ~~ ~,,),
a~ ~ my ~ ~ fil~ ~i~ ~ ~~ for ~ ~, ~ of ~e
fi~~ ~y ~a~y p~ ~ ~ ~~ ~ p~i~, ~ '
~ f~ ~~ ~ ~ for ~ ~~ ~ ~ 2~ ~y of ~, ~988,
SS,000 or ~ ~ ~ple ~f,
~~ ~ ~ ~ ~iple of SS,000 ~~ ~~.
8~ for ~f~ of ~~ ~ ~li~~, ~~ ~ ~~ of
d~~io~ of ~ ~ m~i~i~ for ~
jo~ ~), a ~~~, a ~p,
~~ ~~ ~- ~ ~~ ag~ ~ ~e ~i~ ~y ~ ~e
~ ~f ~ ~ ~lu~ ~ for ~ ~, ~ ~ i~ ag~
A-2
Resolution No. 87-220
Page 25
$5,000, shall be subject to r~on and paymant in advanc~ of maturity in
increments of $5,000 as provided in Section 8768 of the Act, o~ the 2~d day of
March or 2nd day of September in any year by giving the notice provided in the
Act to the registered owner hereof at his address as it appears on the
registration books of the Registrar and by paying principal of and accrued
percent (3%) of the redeemed principal amount. If less than the entire bond
thereof.
IN WIT~ESS WMEREOF, the City b~. caused this bond to be signed in
facsimile by the Treasurer of the City of Rancho (Xlcammlga, California, and by
facsimile here3n all on the . day of , 1987.
CERIIFI~ OF ~CATIC~ CITY OF ~ ~J~,
AND REG~C~
By:
City Clerk
ticated and re~ister~ on By:
Authorized Officer
[SEAL]
BANK OF AMERICA NATICe{AL
as Transfer Agent and Registrar
Authorized Officer
IarAn OPINIC~
I hereby certify that the following is a full and correct copy of a signed
legal opinion of Nazarek & McFarlin, Attorneys, Irvine, California, on file in
delivered.
city czerk
city of Pancho Cucamon~
[TEXT OF FINAL OPINIC~]
A-3
Resolution No. 87-220
Page 26
~X~4NSF))S AND EX~
~ Bon~ is translatable only ~ ~ ~ ~i~ ~ ~or ~t
~ at ~ offi~ of ~ ~f~ ~t ~ ~i~ ~ ~ ~i~
~ ~f ~ ~, ~ ~ ~ a~~ ~y a~riz~ ~ ~it~, ~n ~e
~ of ~ ~ ~ ~ a ~i~ ~ of ~f~
~t~fa~ ~ ~ ~f~ ~ ~ ~~ ~y ~ ~ ~
ASSTeMENT
within~~d Pagister~ B~U a~ hereby ~Zy ~~(s) ~
a~(s)
~ ~f~ ~ ~e m ~ ~ of ~ ~f~ ~ ~ ~~ wi~
particular, without alterati~ or any change
whatever.
Signature Guarantee:
A-4
Resolution No. 87-220
~'HIBIT E~ Page 27
CITY OF RA.NCHO CUCA~ONGA
ASSESSMENT DISTRICT NO, 86-2
LIST OF PAID AND UNPAID ASSESSMENTS
ASSESSMENT ASSESOR'S PARCEL TOTAL
NUMBER PARCEL NO, AREA ASSESSMENT OWNER'S NA~E
1 0201-271-013 1,375 $10,%3,64 ~ax R~derian TR
2 0201-271-014 [,U5 $10,%L64 Taavo Klein
3 020i-271-(~22 0,765 ~6 101.36 Jules Sandford TR
4 0201-271-023 0,765 $6 101,36 Jules Sandford TR
0201-271-024 0,765 $6 101,36 Jules Sandford TR
6 0201-271-033 2,770 $22 086,74 Max Ruderion TR
7 020t-271-034 17,150 $136 746,43 Max Ruderion TR
8 0201-271-041 14,4~0 $115 5~6,78 Sophie Moran
? 0201-271-042 1,740 $1~ 873,98 Sophie Morin
10 0201-271-047 0.760 $6~05~,?0 Pauline Borgia ~ Rosalie Johnson
11 0201-271-073 15,368 $122:537,56 Lynnehaven Joint Venture
~2 0201-271-074 2,81)? $22.377,7[ Lynnehaven Joint Venture
1~ 0201-271-075 38,250 $0,00 Leonard Rosenthai TR
14 0202-21[-037 3,730 $2~,741,~5 William [yon Co,
15 0202-211-i)~5 15,450 $123 031,72 Highland Haven Associates
16 0202-g61-017 0.258 $2 057,18 Glenfed Development Corp.
L~ "Zgl~3~-t.l U, ZlU $1 a7~,~5 Paragon Homes
IB ~201-5~4-102 0,210 $I 674,45 Paragon Homes
19 0201-5~4-003 0.2~0 $1 674,45 Paragon Homes
2a 020~-5~a-r~4 0,216 $1 '~ 29 Paragon Homes
21 0Z01-594-005 0.216 $1 722,29 Paragon Homes
22 020>5~4-006 0.216 $I 722.29 Paragon Homes
:; 020~-~74-007 0.216 $I 722.2~ Paragon Homes
24 020!-594-008 0.216 $1,722.29 Paragon Homes
25 0201-574-009 0.216 $1,722.27 Paragon Homes
26 0201-574-01} 0.216 $1,722.2g Paragon Homes
27 0201-5~4-011 0.216 $1,722.27 Paragon Homes
28 020I-5~4-012 0.216 $1,722.27 Paragon Homes
2g 020~-5~4-013 0.216 $1, Paragon Homes
· 722.2?
30 02Cil-5~-I)I4 0.216 $1,722.27 Paragon Homes
31 0201-5~4-015 0.216 $1,722.27 Paragon Ho~es
]2 OZO[-~g~-}16 0.216 $I,722.27 Paragon Homes
33 0201-594-Ci17 0.216 ~1,72Z27 Paragon Homes
~4 c201-5~-ZiG 0.216 $1,722.27 Paragon Homes
35 0201-5~4-01g 0.216 ~I,722.27 Paragon Ho~e~
36 02CH-5~4-020 0.216 ~I,722.27 Paragon Homes
~7 0291-?~-021 0.216 ~I,722.Z? Paragon ~z~es
3B 020l-5~4-022 0.216 ,1,722.2~ Paragon Homes
37 ~>2!)I-594-i)23 0.216 $1,722.2g Paragon H~mes
~0 02i)1-594-<~24 0.216 $1,722.27 Paragon Homes
~1 0201-s~:-r}~ 0.216 ~I 722.2~
- --- , . Paragon Homes
~2 0201-5~-i)2~ 0.216 ~1,722.2~ Paragon Home~
~3 0201-574-027 0.2!6 $1,722.27 Paragon Homes
~ i)2i)1-5~4-,}Z~ 0.216 ~1,722.'Z~ Paragm~ Ho~es
45 0201-~;4-(iZ? 0.21~ $1,722.2g Paragon Homes
:6 0201-5~I-Z3) 0.216 ~1,722.2C Paragon Homes
Resolu ~n No. 87-220
Page 2 '~'HENT ASSESSOR'S PARCEL TOTAL
PARCEL NO, A~EA ASSESSMENT OWNER'S NAME
47 0201-594-0J1 0.216 $! 722.29 Paragon Names
48 020i-594-032 0.216 $1 722.29 Paragon No~es
49 0201-Sg4-OJJ 0.216 $1 722.29 Paragon Homes
50 0201-594-0~4 0.216 il 722.29 Paragon Homes
51 0201-594-015 0.216 $I 722.29 Paragon Names
52 0201-594-016 0.21a $1 722.29 Paragon Homes
53 0201-594-037 ('.216 $! 722.29 Paragon Names
54 0201-594-018 0.21a $1722.29 Paragon Homes
55 0201-594-0~9 0.216 $1.722.29 Paragon Names
56 0201-594-0~0 0.21a $1,722.29 Paragon Homes
57 0201-594-041 0.216 $1 722.29 Paragon Homes
58 0201-594-042 0.216 $1 722.29 Paragon Homes
59 020[-594-04] 0.21a $1,722.29 Paragon Homes
60 0201-594-044 0.21a $1 722.29 Paragon Homes
al 0201-594-045 0.216 $! 722.29 Paragon Homes
a2 0201-594-046 0.216 $1 722.29 Paragon Homes
6] 0201-594-047 0.216 $! 722.29 Paragon Homes
6¢ 0201-594-048 0.2]6 $I.722.29 Paragon Homes
aS 0201-594-049 0.216 $1 722.29 Paragon Homes
66 020~-594-050 0.216 $1 722.29 Paragon Homes
6Z 0201-594-051 0.216 $! 722.29 Paragon Homes
6B 0201-594-052 0.216 $I 722.29 Paragon Homes
69 0201-594-053 0.216 $1 722.29 Paragon Home~
70 0201-594-054 0.216 $1 722.29 Paragon Homes
71 0201-594-055 0.216 $I 722.29 Paragon Homes
...... ~,.-,.,~ 0.2~6 ii 722.29 Paragon Homes
7~ 0201-594-057 0.2~6 ,1 722.29 Paragon Homes
74 0201-594-058 0.216 $]722.29 Paragon Names
75 02eX-594-)59 0.2i6 $1.722.29 Paragan Homes
7a 0201-594-06) 0.216 $I 722.29 Paragon Homes
77 020~-594-061 0.216 $1 722.29 Paragon Homes
7~ 0201-59~-062 0,2!6 $] ~n2 ~9
" ,- .~ Paragon Homes
7g 0201-5~-063 0.216 $! ~22.29 Paragon Homes
80 0201-594-064 0.216 $! 722.29 Paragon Homes
81 0201-594-065 0.2~6 ~1.722.29 Paragon Homes
82 0201-5~4-066 0.216 $1 722.29 Paragon Homes
83 0201-5g~-)67 0.2!~ $1 722.29 Paragon Homes
8~ 0201-594-068 0.216 $1 722.29 Paragon Homes
B5 020~-5~4-1)6~ 0.21a $1 722.29 Paragon Homes
86 0201-594-070 0.216 . $! 722.29 Paragon Homes
87 020[-5~-071 0.2~ - H~Z22.29 Paragon Homes
8~ 0201-5~-072 0.2~6 $1,722.29 Paragon Homes
89 ~20|-59~-07~ 0,216 $I Z22.Z9 Paragon Homes
90 0201-57~-07~ 0.216 $! 722.2? Paragon Ho~es
91 0201-5g~-0~5 0.216 $~.722.2~ Paragon Homes
~2 0201-5N-i)76 0.21~ $1 722.2g Paragon Homes
9] 020!-5~-(177 0.216 $I 722.29 Paragon Ho~es
94 0201-594-078 0.2i6 $1 722.2? Paragon Home~
~5 0201-5~-079 0.2i6 $1 722.29 ~aragon Homes
% 02!}I-5~4-(i80 I}.216 ~!722.27 Paragon Homes
g7 02~X-Sg~-o8' 0.216 $1.TM Zg Paragon Home~
g8 0201-5~-082 0.2~6 $I 722.29 ~aragon Homes
79 ~Z,)t-5~4-{}83 0.216 $1 722,2~ Paragon Ho~es
100 0201-271-(i76 1~.Z20 $i53,251,68 Pauline Borgia & Rosalie .johnson
i(il 02:)>271-077 22.980 ~18~ 2~2.24 Pauline B~rg;a & Rosalie Johnson
Resolution No. 87-220
ASSESSMENT ASSESSOR'S PARCEL TOTAL Page 29
NUMBER PARCEL NO. AREA ASSESSMENT OWNER'S NAME
102 02:]2-851-00! 0.250 $1,993.39 Glenfed Development Carh
103 0202-B51-002 0.250 $l 993.Z9 Glenfed Development Corsh
104 0202-B51-003 0.250 $I 95.39 Glenfed Development Car
i05 0202-851-004 0.250 $1 993.39 Glenfed Development Car I.
106 0202-851-005 0.251 $2 001.3~ Glenfed Development Cor~.
107 0202-B51-006 0.252 $2,009.34 GlenSod Development Corh
IOB 0202-851-007 0.252 $2 009.34 Glenfed ~evelopment
109 0202-B51-008 0.252 $2 009.34 Glenfed Development Co~.
110 0202-851-009 0.252 $2 009.34 Glenfed Development Corh
111 0202-851-010 0.252 $2,009.~4 Glenfed Development
112 0202-G51-011 0.2~2 $2 009,34 Glenfed Development Car
11~ 0202-B51-012 0.252 $2 009.34 Glenfed Development Car
114 0202-851-013 0.252 $200t34 Glenfed Development Cor3.
115 0202-851-014 0.252 $2,009.34 Glenfed Development Car3.
116 0202-B51-015 0.252 $2 009.34 Glenfed Development Cor~.
117 0202-B51-016 0.252 $2 009.34 Glenfed Development Cor~.
!!8 0202-851-017 0.252 $2 009.34 Glenfed Development Corh
119 0202-851-01B 0.252 $2 009.~4 Glenfed Development Corh
120 0202-851-019 0.252 $2 009.34 Blended Development Car h
121 0202-B51-020 0.252 $2009.34 Glenfed Development Car
122 0202-851-021 0.252 $2,009.34 Glenfed Development Car
123 0202-851-022 0.252 $2 009.~4 Glenfed Development Car
124 0202-B51-023 0.252 $2009.34 Glenfed Development Corp.
125 0202-851-024 0.252 $2.009.34 Blended Development Corp.
126 0202-851-025 0,252 I2 009.34 Glenfed Development Corp.
12> uzo2-~l-uz6 0.252 $2 009,34 Glenfed Development CorD.
12~ 0202-B51-027 0.252 $2 009.34 Glenfed Development Corp.
127 0202-851-028 0.252 $2 009.34 Glenfed Development Corp.
.... ~.~- $2 009.34 Glenfed Development Corp.
13! 0202-B51-030 0.252 $2009.34 Glenfed Development Corp.
1~2 0202-851-031 0.252 $2 009.34 Glenfed Development Corp.
1-53 0202-651-032 0.252 $2 009.34 Glenfed Development Corp.
23~ 0202-851-03~ 0.252 $2 01}9.34 Gienfed Development Corp.
135 0202-851-034 0.252 $2,009.34 Glenfed Development Corp.
136 0202-85I-0Z5 0.252 $2 009.34 Glenfed Development Corp.
137 0202-851-036 0.252 $2 009.34 Glenfed Development Corp.
138 0202-851-037 0.252 $2 00t34 Glenfed Development Corp.
13~ 0202-G51-038 0.252 $2,009.34 Glenfed Development Carp.
140 0202-85[-03~ 0.252 $2,009.Z4 Glenfed Oevelopment Corp.
i41 0202-851-040 0.252 $2,0nt~4 Glenfed Development Corp.
142 0202-851-,)4l 0.252 $2,009,34. Glenfed Deve!apment Corp.
14~ (>202-G51-0~2 0.252 $2,009.34 Glenfed Development Corp.
i44 0202-851-0~3 0.252 $2,009,34 Glenfed Development Corp.
145 02:?-~51-044 0.252 $2,009.34 Glenfed Development Corp.
1~ ~)Z--{51-045 0.252 $2,00t34 Glenfed Development Corp.
147 0202-851-046 0.252 $2,009.34 Glenfed Development Carp.
I~ 0202-851-047 0.252 ~2,009.3~ Glenfed Development Carp.
1~ 0202-851-048 !).252 $2,0(i9,~4 Glenfed Development Carp.
150 A2O?-~l-ri4g n
.......... ~ $2,00t34 Glenfed Development Corp.
151 0202-851-050 0,252 $2,009.Z4 Glenfed Develop.ent Corp.
152 0202-851-051 0.252 $2,009.3~ Glenfed Development Corp.
153 0202-851-052 0.252 ~2,009.34 G!en~ed Development Corp.
15~ ~l'~i~?-'q~,-')~- 2=~ $2,00~,Z4
......... ~ O. ~. Glenfed Development Corp.
!55 i;ZOZ-851-05~ 0,252 ]2,009,~ Glenfed Develop~ent Carp.
i~A i~7!)2-~51-055 i'~.~? $2,Al19.34 Glenfe~ Devel.~ment Corp.
Res 1 ~i~n No. 87-220
pa~EI.T ASSESSORIS PARCEL TOTAL
PARCEL NO, AREA ASSESSMENT OWNE~'S NAME
157 0202-851-056 0.252 $2 00~,54 Glenfed Development Corp.
158 0202-G51-i)57 0.252 $2 009,54 Glenfed Development CorD,
159 0202-851-058 0,252 $2 009,54 Glenfed Development Carp.
l&O 0202-851-059 0.252 S2 009,34 Glenfed Development Carp,
laI 0202-851-060 0.252 $2 00~.~4 Glenfed Development Corp.
162 0202-851-061 0,252 $2.009.~4 Glen{me Development Carp.
163 0202-e51-062 0,252 $2 009,34 Glenfed Development Carp,
164 0202-851-063 0,252 I2.009,34 Glenfed Development Carp.
165 0202-~51-064 0,2~2 $2=009,34 Glenfed Development Carp,
166 0202-~51-065 0,252 ~2 009,34 Glenfed Development Carp,
167 0202-~5[-066 !),252 $2009,34 Glenfed Development Corn,
~? 0202-8~1-i)~7 0,252 $2 009,34 Glenfed Development Cor},
16~ 0202-651-06G 0,252 i2,009,34 Glenfed Development Car~,
170 0202-851-~69 0,252 $2 009,34 Glenfed Development Care,
171 0202-85[-070 0,252 $2 009,34 Glenfed Development Cor~,
172 0202-~51-071 0,252 $2 009,34 Glenfed Development Car~,
173 0202-G51-072 0,252 $2 009,34 Glenfed Development Car3,
~74 0202-851-073 0,252 $2 009,34 Glen~ed Development Car~,
175 0202-85[-074 0,252 $2 009,34 Glenfed Development Car},
176 0202-851-075 0,252 ~2 009,34 Glenfed Development Cor~.
177 0202-851-076 0,252 $2 009.54 GlanCed Development Car3.
178 0202-851-!)77 0.252 $2~00~,34 G]en~ed Development Car .
17~ 0202-851-078 0,252 $2 009,$4 Glenfed Development Carl.
180 0202-851-07~ 0.252 $2 009.34 Glenfed Development Cor~.
181 0202-851-080 0.252 $2 009.34 Glenfed Development Car:.
i62 02~)2-651-u8i v,252 ~200~,34 Glenfed DevelaDment Cor~.
18~ 0202-851-082 0,252 $200t54 Glenfed Development Cor},
18~ 0202-851-083 0,252 $200t34 Glenfed Development Cor},
I85 0202-851-084 0,252 $2 009,34 Glenfed Development Carl,
186 0202-85!-085 0,252 ~2 009.34 Glenfed Deveiapment Car},
187 0202-851-086 0,252 $2 009,~4 Glenfed Development Corh
188 0202-851-0G7 0.252 $2,00~.34 Glenfed Development Cor~.
189 0202-851-08B 0.252 $2009.34 Glenfed Development Corh
190 0202-841-001 0.248 $1,~77.44 Grape Development Company
19I 0202-841-002 0.24B $1,977.44 Grape Development Company
I~2 0202-841-003 0.248 $1977.44 Br~pe Development Company
193 0202-841-004 0.2~8 $1,977.~4 Grupe DeveEopeent Company
1~4 ~202-G41-:)5 0.2~8 $1,~77.44 Grape Development Company
1~5 0202-841-006 0.2~8 $1,~77.~4 Grape Development Company
I76 0202-G~1-007 0.248 $1=g77.44 Grupe Development Company
197 02i}2-~41-008 0.248 $1,~77.44 Grape Development Company
I~8 0202-841-009 0,246 $1,%1.49 Grupe Development Company
ig9 0202-8~[-010 0.2~6 $1,%1.~? Grape Development Company
21)0 0202-8~1-011 0.246 $1.~61.1~ Grape Development Company
201 0202-Bq-012 0.2~6 ~1961.~g Grupe Development Company
202 0202-8~1-0i3 0.2~6 $1.961.4g Grape Development Company
203 i)2i}2-8~1-01~ 0.2~6 $1,%1.!~ Grupe Development Company
204 0202-~41-,)15 0,2~6 ~1,761,49 Gr~pe Development Comaany
,,.u Gr~e Development Company
206 0202-~41-i)!7 0.2~6 ~I,961.~? Grape Development Company
207 0202-84!-0iB 0.2~6 $I %i.~? Grupe Development Company
ZI)8 0202-~41-i)1g 0.246 $1,%I.4~ Grupe Development Company
2i)~ 02i)2-~1-,~2,:, (1.2;6 ~1f761.;~ Grupe Deve!opmen~ Ca!~pany
21~) 0202-841-,)21 0.2~6 ~!,96i.;9 CruDe Development Company
211 ,')2i}Z-84~-~)22 1).2~6 $1,761.4g CruDe Development CoaDany
Resolution No. 87-220
ASSESSMEriT AS~E~QR'B PA~iCEL TOTAL Page 3 1
NUMBER PARCEL NO. AREA ASSESSMENT O~NER'S NAME
212 0202-841-023 0.24a *1,~61,49 Srupe Development Company
213 0202-841-1)24 0.246 $1,961.47 grupe Development Company
214 0202-841-025 0.246 11,761.4~ Gr~pe Developmen: C:mpany
215 0202-B~l-)2S 0.246 $I,%1.47 Brupe Development Company
216 0202-841-027 0.246 *I,?~1,4~ Grupe Development Compinv
217 0202-841-028 0.246 $1,%1.49 ~rupe Development Company
218 0202-852-001 0.2~6 $1,961.49 Grupe Development C~apany
219 0202-852-002 0.246 ;I 961.49 Grupe Development Company
220 0202-852-003 0.2~6 ~1%1.49 Grupe Development Company
221 0202-852-004 0.2~6 ,I.761.4~ Grupe Development CompaMy
222 0202-852-005 0.246 ,I ~61.4~ Grupe Development C~mpany
22~ 0202-~52-~0~ 0.24~ *] %1.4~ Grupe Development Company
224 0202-852-007 0.246 $1,%1.49 6r~pe Development Cupany
225 0202-841-029 0.24& ,I 961.49 Grupe Development Company
226 0202-841-030 0.246 $1,9&1.49 Grupe Development Company
227 0202-841-031 0.24~ $1%1.4g 8rupe Development Company
228 0202-841-052 0.24~ ,i 961.49 Grupe Development Company
229 0202-841-0~3 0.246 ,196i.49 Grupe Development Company
230 0202-841-0~4 0.246 *~.%1.~9 Grupe Development Company
231 0202-841-055 0.246 $].961.49 Grupe Development Company
2~2 0202-841-036 0.246 *~,%I.4g 8ru~e Development Company
233 0202-841-b37 0.246 ~I;~&1.49 Grupe ~evetopment Company
2~4 0202-841-0~8 0.246 *l,%l.qg 8rupe Development Company
235 0202-841-03~ 0.24a $],~a1.4~ Grupe Development Company
236 0202-841-040 0.246 $1~%1.49 Srupe Development Company
237 o?02-8~!-0T~ '}.2E~ ~2~25. Z~ Grupe Development Company
2~8 0202-8~1-060 0.255 ~2,035.26 Grupe Development Company
2~9 02¢2-8:~~}61 0.255 $2,0~].26 Grupe Development C~mpany
24~ ~202-84~-0a2 0.255 $2,0~.26 Gru~e Development Company
2~1 0202-852-0~8 0.255 $2,033.26 Grupe Developme~ C~mpany
242 0202-852-~09 0.255 '2~03~.26 Br~pe Development Company
2~5 0202-852-010 0.253 ,2~017.~1 Gr~pe Development Company
24~ 0202-852-01! 0.25~ ~20!7.31 Grupe Development Company
245 0202-8S2-012 0.253 '2 017.~1 Grupe Development ~ompany
24~ 0202-852-0~3 0,253 $2 017,3l Grupe Development Company
247 0202-852-1)I4 0,253 $2 017.~1 Grupe Development Company
248 0202-852-015 0,253 ~2 017,31 Grupe Development Company
24g )202-~52-01~ 0.253 32,017.31 Grupe Development Company
250 0202-852-017 0.253 $2=017.;~ Gr~pe Development Company
25i 0202-852-018 0.255 32 017.31 Srupe Development Company
252 0202-852-0i~ 0.253 $2,017.:i Gr~pe Development Company
.......... ~. - ~2,017.:1 8rupe Development Company
25~ 02~2-8S2-921 0,255 ,2,~17.Z1 8r~pe Development Company
255 02~2-852-022 0.2~ ~2,~17.~I 8r~pe Development Company
256 0202-852-i)2~ 0.253 $2,017.31 Grupe Developmen~ Company
257 02~2-852-!)24 0.2S3 ~2~j17.~I Brupe Development ComOany
258 0202-852-025 0.25~ '2,017.:I Grupe Development C.:mpany
259 i)202-~52-!}2~ 0.25~ '2,~17.31 Grupe 9evelooment C~moany
2~0 0202-~52-!}27 0.253 ~2,1)~7.~I :3rupe Development Company
2al 0202-852-028 0.255 32,617.~1 Grupe Development Comaany
262 0202-852-02~ 0.253 $2,017.31 Grupe Developmen; Company
26~ 0202-841-063 0.2~3 ,2,017.~1 6ru~e Development Company
....... 1 .~. O.Z~3 ~Z,Oi7.~l Grupe Development Co.~pany
255 0Z02-~;1-065 0.2S3 $2,017.;1 Gru;e 5eve!opment Cc.~Gany
256 ¢282-~41-,:~66 i).25~ '2,017.31 Grupe Deveiop~ent Co4oan~
Resolution No. 87-220
PageASt~SMENT ASSESSOR'S PARCEL TOTAL
NUMBER PARCEL NO. AREA ASSESSMENT DWNER'S NA~E
267 0202-B41-067 0.253 S2 017,31 Brupe DevelopLent Company
268 0202-841-068 0.253 $2 017.31 Grupe Development Company
269 0202-B41-OOg 0.253 $2 017.31 Gr~pe Development Company
270 0202-841-070 0.253 $2 017.51 6rupe Development Company
271 021)2-841-071 0.253 $2 017.31 6rupe Development Company
272 0202-841-072 0.253 $2017.31 Grupe Development Company
273 0202-841-073 0.253 $2017.3I 8rupe Development Company
274 0202-B41-074 0.253 $2017.31 Brupe Development Company
275 0202-B41-075 0.253 52017.31 Br~pe Development Company
276 0202-B41-076 0.25~ $2~017.31 Br~pe Development Company
277 0202-841-077 0.253 $2 017.31 Brupe Development Company
278 0202-841-11178 0.253 $2 017.31 Grupe Oevelopment Company
279 0202-841-079 0.253 52,017.3[ 8rupe Development Company
280 0202-771-042 0.262 $2 089.07 Brupe Development Company
281 0202-771-043 0.262 52 089.07 Gr~pe Development Company
282 0202'771-044 0.262 $2 089.07 Brupe Development Company
283 0202-771-045 0.262 52 089.07 Grupe Development Company
284 0202-771-046 0.262 52.0BV.07 Brupe Development Company
285 0202-771-047 0.262 52 089.07 Brupe Development Company
286 0202-771-¢48 0.262 $2.089.07 8rupe Development Company
287 0202-771-049 0.262 $2.089.07 Grupe Development Company
2BB 0202-771-050 0,262 $2 089.07 8r~pe Development Company
289 0202-77[-051 0.262 52 089.07 6rupe Development Company
2~0 0202-771-052 0.262 $20E~.07 8r~pe Development Company
291 0202o771-053 0.260 $2 073.12 BFupe Development Company
292 02uZ-iTI-uS4 ~).2aO $2 073.12 Brupe Development Company
293 0202-771-055 0.260 52 073.12 Srupe Development Company
294 0202-771-056 0.260 $2073.12 Grupe Development Company
295 0202-771-057 0.260 $2.073. i2 Brupe Development Company
296 0202-771-058 0,260 ~2.073.12 Grupe Development Company
297 0202-77~-05~ 0,260 $2.073.12 Grupe Development Company
278 0202-771-060 0.260 $2 073. i2 Brupe Development Company
299 0202-771-061 0.260 $2 073.12 Grupe Development Company
500 0202-771-062 0.260 $2 073.12 Grupe Development Company
301 0202-771-063 0,260 $2 073.12 Grupe Development Company
302 0202-771-064 0.260 $2 073.12 6rupe Development Company
303 0202-771-065 0,260 S2 073.12 8rupe Development Company
304 0202-841-041 0.260 ~2 07~,12 Grupe Development Company
305 0202-8~I-)42 0.260 S2 073.12 Srupe Development Company
306 0202-841-~}43 0.260 $2 073.12 6rupe Development Company
~07 0202-841-044 0,260 S2:07~.12 8rupe Development Company'
31Zi8 0202-841-045 0.260 $2073.12 Gr~pe Deveicpment Company
309 0202-8tl-046 0.260 $2 073,12 Grupe Deveiopmen~ Company
310 0202-841-047 0.261) $2 07~.12 GFupe Development Company
3li 0202-8~1-04B 0.260 $2 073.12 BFupe Development Company
3!2 0202-841-04g 0.250 ~2 073.12 6rupe Development Company
~l~ 0202-841-05~) 0.260 ~2 07~.12 8rupe Cevelopment Company
~14 0202-841-0~1 0.260 $2,073,12 Grupe Development Ccmpany
315 0202-841-052 0.260 s2,073.12 Grupe Developmen~ Company
316 0202-84!-05~ 0.260 $2,073.12 8rupe Development Company
3[7 0202-~41-i)54 0.260 $2,07~.12 Grupe Development Company
31B 0202-84[-055 0.260 )2,073.12 8rupe Development Comoany
31~ A202-6~l-<E6 0.260 $2,i)73.12 Grupe Development Company
~n ~A~-8~'-.'~ 0.260 $2,j73, I2 ~r~,~ Develoc~ent Comoany
=~ 0202-841-i}~8 i11.260 52,~73.'~ CruDe Devel~o~ent Comoanv
Resolution No. 87-220
ASSESSMENT ASSESSGR'S PARCEL TOTAL Page 33
NUMBER PARCEL NO, AREA ASSESSMENT OWNER'S NAME
322 0202-77[-066 0.260 S2 073.12 8rupe Deveiapeent C'
323 0202-771-067 0.260 $2 073.22 8rupe Development C:~:any
324 0202-771-068 0.260 $2.073.12 Grupe Development Company
325 0202-771-069 0.260 $2 073.12 Bru~e Development Company
326 0202-771-070 0.260 $2 073.12 8rupe Development Company
327 0202-771-071 0.260 $2 073.12 8rupe Development Company
328 0202-771-072 0.260 $2 073.12 Grupe Development Company
329 0202-771-073 0.260 $2 073.12 Grupe Development Company
330 0202-771-074 0.260 i2.073.12 8rupe Development Company
331 0202-771-075 0.260 $2 073.12 Grupe Development Company
332 0202-771-076 0.260 $2 073.12 Grupe Development Company
333 0202-771-077 0.260 ~2 073.12 Grupe Development Company
334 0202-771-078 0.260 $2,073.12 8rupe Development Company
335 0202-771-07~ 0.260 $2 073.12 Brupe Development Company
3~6 0202-771-080 0,260 S2 07~.12 Brupe Development Company
337 0202~771-081 0.260 $2 073.12 8rupe Development Company
338 0202-771-001 0.274 $2 184.75 Bardays TAC
339 0202-771-002 0.274 $2.184.75 Bardays TAC
340 0202-771-003 0.274 S2 184.75 Bardays TAC
341 0202-771-004 0.274 $2 184.75 Bardays TAC
~42 0202-771-005 0.274 $2 184.75 Bardays TAC
343 0202-771-00a 0.274 $2 184.75 Bardays TAC
344 0202-77~-007 0.274 ~2 18~.75 Bardays TAC
345 0202-771-008 0.274 $2 184.75 Barclays TAC
346 0202-771-00g 0.274 $2 184.75 Bardays TAC
J4/ 0202-771-010 0.274 S2 18!.75 Bardays TAC
348 0202-771-011 0.274 $2 184.75 Bardays TAC
34~ 0202-771-012 0.274 ~2 184.75 Bardays TAC
350 0202-771-013 0.274 $2,184.75 Barclays TAC
351 0202-77>014 0.275 $2,!92.73 Barclays TAC
'~ 0202-77!-)15 0.275 $2~1q2.73 Bardays TAC
-~- 0202n77i-016 0.275 $2,192.73 Bardays TAC
~54 0202-771-017 0.275 $2,192.73 Barclays TAC
~d 0202-771-018 0.275 $2,192.73 Bardays TAC
35.5 0202-771-01~ 0.275 $2~I~2.73 Barclays TAC
357 0202-771-020 0,275 $2,1~2.73 Barclays TAC
358 0202-771-021 0.275 $2,1~2.73 Bardays TAC
359 0202-771-022 0.275 S2~i92.73 Bardays TAC
360 0202-771-023 0.275 12,1~2.73 Barclays TAC
361 0202-771-02~ 0.275 $2,192.73 Bardays TAC
362 0202-771-025 0.275 : ~2,192.7~ Barclays TAC
363 0202-771-026 0.275 $2~1~2.73 Barclays TAC
~64 0202-771-027 0.275 $2,192.73 Barclays TAC
3i5 0202-771-028 0.275 $2 192.73 Bardays TAC
366 0202-771-029 0.275 S2 192.73 Barclays TAC
367 0202-771-0~0 0.275 ~2 192.73 Bardays TAC
568 0202-771-031 0.275 $2 192.73 Bardays TAC
369 0202-771-032 0.275 ~2 192.73 Barclays TAC
370 0202-771-033 0.275 ~2 192.73 Bardays TAC
371 0202-771-034 0.275 $2 192.73 Bardays TAC
372 0202-771-035 0.275 ,2,192.73 Barclays TAC
373 0202-771-036 0,275 S2,192.73 Barclay~ TAC
37~ 0202-77i-(i~7 0.275 $2,192.73 Barclays TAC
375 0202-77!-)3~ 0.27~ $2,1~2.7~ ~arclay~ TAC
S76 0202-771-039 0,275 ~2.:Q2.73 ~rrl~v~ T~C
Resolution No. 87-220
Page ~ESSMENT ASSESSDR'S PARCEL TOTAL
NUMBER PARCEL NO. AREA ASSESSMENT OWNER'S NAME
377 0202-771-040 0.275 $2,192.73 Barclays TAC
378 0202-771-041 0.275 $2,192,73 Bardays TAC
3?9 0201-271-063 3.930 $31,336.06 Lucky Stores, Inc.
380 0201-271-064 2.012 $0.00 Diversified Pro:erties Company III
381 0201-271-065 0.413 $3 293.08 Diversified Pro:erties Company III
382 0201-271-066 0.689 $5 493,78 Diversified Pro}erties Company III
383 0201-271-067 0.551 $4 393.43 Diversified Pro:erties Company III
384 0201-271-068 0.689 $5 493.78 Diversified Pro}erties Company IlI
385 0201-271-069 2.020 $16 I08.17 Diversified Pra:erties Company III
386 0201-271-070 0.546 $4 353.56 Diversified Properties Company llI
387 0201-271-071 3.442 $27,444.97 Diversified Proaerties Company III
~88 0201-271-072 2.863 $'22 828.28 Diversified Properties Company IIl
389 0202-951-001 0,189 $I 507.00 Glenfed Development Corp.
390 0202-951-002 0.189 $1 507.00 Bienfed Development Corp.
391 0202-951-003 O, IB9 11 507,00 Glenfed Development Carp,
392 0202-951-004 0.189 $1,507.00 Glenfed Development Carp,
393 0202-951-005 0.189 $1 507.00 Glenfed Development Carp.
394 0202-961-001 0.189 $1,507.00 Glenfed Development Carp.
395 0202-961-002 0.189 $1 507.00 Glenfed Development Carp.
3% 0202-961-003 0. I89 $I 507.00 Glenfed Development Corp.
597 0202-961-004 O. IB9 $I 507.00 Glenfed Development Carp,
398 0202-961-005 0.189 $1 507,00 Glenfed Development Carp.
399 0202-~61-006 0.189 $1 507.00 Elanfed Development Carp.
400 0202-%1-007 0.189 $I 507.00 Glenfed Development Carp.
101 0202-%l-008 0. t89 $1 507,00 Glenfed Development Corp. '
~uz oZUZ-9~I-O09 0.189 $1,507.00 G]enfed Development Carp.
t03 0202-961-010 0.189 $I~507.00 Glenfed Development Carp.
404 0202-961-011 0.189 $1 507.00 Glenfed Development Carp.
405 0202-%1-012 0. I89 $I 507.00 Glenfed Development Carp.
406 0202-961-013 0.189 $1 507.00 Glenfed Development Corp.
407 0202-961-0i4 0.189 $I 507.00 Glenfed Development Corp.
408 0202-~51-006 0.189 $1 507.00 Glenfed Development Carp.
409 0202-951-007 0.190 $I,514.98 Blen~ed Development Corp.
410 0202-~51-008 0.190 $1,514.98 Glenfed Development Carp.
411 0202-95i-009 0.190 $1,51!.98 Glenfed Development Corp.
412 0202-951-010 0.190 $1,514,98 Glenfed Development Carp,
413 0202-951-011 0.190 $1,514.~B Bienfed Development Carp,
414 0202-g51-012 0.190 $1,514.~8 Glenfed Development Corp.
415 0202-g51-013 0.190 $1,514.~8 Glenfed Development Carp.
~16 0202-~51-014 0.190 $1.514,~8 Glenfed Development Corp.
417 0202-g51-015 0.190 $1.514.98 Glenfed Development Carp.
418 0202-951-016 0.190 $1,514.~B Glenfed Development Carp.
419 0202-951-017 0,190 $1.514.98 Gienfed Development Carp.
420 0202-951-018 0.190 $1.51!.98 Glenfed Development Corp.
421 0202-951-019 0.190 $1.514.98 Glenfed Development Carp.
~22 0202-~51-020 0.190 $1,511.~8 Glenfed Development Corp.
423 z~2i~2-~51-(21 0./90 $1.514.~8 Glenfed Development Corp.
424 0202-951-022 0.1~0 $!,514.~8 Glenfed Development Corp.
425 0202-951-023 0.190 11,5!4.98 Glenfed Development Corp.
42.5 0202-951-02A 0.1~0 $1.514.98 Glenfed Development Carp.
~27 0202-g51-025 0,190 $1,5~4.98 Glenfed Development Corp.
42G 0202-951-026 0.190 $1,514.~B Glenfed Development Carp.
429 0202-~51-027 0.!9(~ $1,SL4.9B Gien+ed Development Corp.
~0 0202-~51-028 0.190 H,514.~B Glenfed Deve!ooment Corp.
451 0202-~51-(i29 0.[90 Sl,5[~.98 Glenfed Development Carp,
Resolution No. 87-220
ASSESSMENT ASSESSOR'S PARCEL TOTAL Page 35
NUMBER PARCEL NO. AREA ASSESSMENT OWNER'S NAME
432 0202-g51-0~0 0.190 $I 514.98 Glenfed Development Corp.
433 0202-951-033 0.190 $1;514.9B Glenfed Development Corp.
134 0202-951-032 0.190 $1 514.9B Glenfed Development Corp.
435 0202-951-031 0.190 $1 514.98 Glenfed Development Carp.
436 0202-941-001 0.190 $I,514.98 Glenfed Development Corp.
437 0202-941-002 0.190 $1 514.9B Glenfed Development Corp.
438 0202-941-003 0.190 $I 514.98 Glenfed Development Corp.
439 0202-941-004 0.190 $1514.9B Glenfed Development Carp.
440 0202-941-005 0.190 $I 514.98 Glenfed Development Corp.
441 0202-941-006 0.190 $I,514.9B Glenfed Development Corp.
442 0202-941-007 0.190 $I 514.98 Glenfed Development Corp.
443 0202-941-008 0.190 $) 514.9B Glenfed Development Corp.
444 0202-941-009 0.190 11,514.9G Glenfed Development Corp.
445 0202-941-010 0.190 $1 514.98 Glenfed Development Carp.
446 0202-941-011 0.190 $1 514.98 Glenfed Development Corp.
447 0202~9!I-012 0.190 $1 514,98 Glenfed Development Corp.
448 0202-941-013 0.190 $I 514.9B Glenfed Development Carp.
449 0202-941-014 0.190 $1514.98 Glenfed Development Corp.
450 0202-941-015 0.190 $I 514.98 Glenfed Development Carp.
451 0202-941-016 0.190 $1 514.98 61enfed Development Carp.
452 0202-941-017 0.190 $1,514.9B Glenfed Development Corp.
453 0202-941-01B 0.190 $I 514.98 Glenfed Development Corp.
454 0202-911-019 0.190 $I 514.98 Glenfed Development Corp.
455 0202-941-020 0.190 $),514,9B Glenfed Development Corp.
456 0202-941-021 0. I~0 $I 514.98 Glenfed Development Cor~.
--- 0202-~11-¢2Z O.i~G $1,5L4.~8 Glenfed Development Corp.
458 0202-941-023 0.170 $I 514.98 Glenfed Oevelop;ent Corp.
459 0202-941-024 0.190 $1 514.98 Glenfed Development Corp.
460 0202-941-025 0.190 $I.51~.98 Glenfed Development Corp.
461 0202-941-026 0.1VO $! 514.9B Glenfed Development Carp.
462 0202-941-027 0.190 $15[4.~8 Glenfed Development Corp.
46~ 0202-941-02B 0.190 $1,514.9B Glenfed Development Carp.
464 0202-941-029 0.190 $I 514.9B Glenfed Development Corp.
465 0202-941-030 0.190 $1,514.9B Glenfed Development Carp.
466 0202-941-031 0.190 $I,514.9B Glenfed Development Carp.
467 0202-941-032 0.190 $1,514.98 Glenfed Development Carp.
468 0202-941-033 0.190 Sl,514.9B Glenfed Development Carp.
469 0202-941-034 0.190 $1;514,98 Glenfed Development Carp.
470 0202-~41-035 0.190 $I,514,98 Glenfed Development Corp.
:71 0202-941-036 0.190 $1,514.~8 GlenFed Development Corp.
472 0202-g41-0~7 0.~90 Sl,514.98 Glen~ed Development Carp.
47~ 0202-741-03G 0.190 $1 514,98 GlenFed Development Corp.
474 0202-g~I-039 0,190 $1:514.98 Glenfed Development Corp.
~75 0202-941-040 0.190 11 514.98 Glenfed Development Corp.
476 ¢202-941-041 0.190 $1 514.98 Glenfed Development Carp.
477 0202-941-042 0.190 $1,514,98 Glenfed Development Corp.
478 0202-941-i143 0.~90 $1 514.98 Glenfed Development Carp.
479 0202-g~I-044 0.190 $1,514.98 Glenfed Development Corp.
~8i) 0202-941-045 0.1911 $1.51~,98 GienFed Development Corp.
481 02(>2-941-046 0.190 $i 514.98 GlenFed Development Carp.
482 0202-~41-047 0.190 $1,5i4,98 Glenfed Developmen~ Carp.
483 0202-941-048 0.170 ~1,514.9B Glenfed Development Corp.
~8~ 0Zi5;2-951-i:134 0. i~0 H,514,98 Glenfed Development Carp.
485 0202-951-0~5 0. I~0 $1,514.~8 Glenfed Develop,~ent Carp.
480 0202-~51-)~6 0.190 $1,514.g8 Glen~ed Deveicpment Corp.
Resolution No. 87-220
Pag~S~IS~SMENT ASSESSOR'S PARCEL TOTAL
NUMBER PARCEL NO. AREA ASSESSMENT OMNER'S ~AME
487 0202-951-037 0.190 $l.511.9B Glenfed Development Corp.
4BB 0202-951-05B 0.190 $1,514.98 Glenfed Development Carp.
&B9 0202-951-039 0.190 $1,514.9B Glenfed Development Corp.
190 0202-951-040 0.190 $1 514.98 Glenfed Development Carh
491 0202-951-0~1 0.190 $1 514,98 Glenfed Development Car;.
492 0202-951-042 0.190 $1 514.98 Glenfed Development Car}.
493 0202-95t-043 0.190 $1 514,9B Glenfed Development Car},
494 0202-951-044 0,190 11 514,98 Glenfed Development Car},
495 0202-951-045 0.190 $1,514,9B Glenfed Development Corh
496 0202-951-046 0.190 $1 514.98 Glenfed Development Car},
497 0202-951-047 0.190 $1 514.V8 Glenfed Development Corh
498 0202-~51-04B 0.190 Sl 514,98 Glenfed Development Car~.
499 0202-951-049 0,190 $1 514.98 Glenfed Development Car;,
500 0202-951-050 0.190 11 514.98 Glenfed Development Car}.
501 0202-951-051 0.190 $1 514.98 Glenfed Development Car~.
502 0202-951-052 0.190 $1 514,98 Glenfed Development Corh
503 0202-941-049 0.190 $1,514.9B Glenfed Development Car ~.
504 0202-941-050 0.190 $1 514.98 Glenfed Development Car'}.
505 0202-941-051 0.190 $1 514.98 Glenfed Development Cor:h
506 0202-941-052 0.190 $1 514.9B Glenfed Development Corh
507 0202-941-053 0.190 S1 514.98 Glenfed Development Corh
50B 0202-951-053 0,190 $1 514.98 Glenfed Development Corh
509 0202-951-054 0.190 S1 514.9B Glenfed Development Car!t.
510 0202-951-055 0.190 $1 514.9B Glenfed Development Cor,~.
511 0202-951-056 0.190 $1 514,98 Glenfed Development Car:e,
512 ~282-~31-~57 O.i~O $15i4.i8 Glentea Development Car:e.
515 0202-951-05B 0.190 11 514.~8 Glenfed Development Car h
514 0202-951-059 0.190 $1 514.98 Glenfed Development Car;;.
515 0202-951-060 0.190 $I 514.~B Glenfed Development Car !.
516 0202-951-061 0.190 $1 514,98 Glenfed Development Carlo.
517 0202-951-1)62 0.190 $15N.gB Glenfed Development Car !.
518 0202-951-063 0.190 ~I 514.98 Glenfed Development Cori~.
5i9 0202-951-i)64 0.190 $I 514.98 Glenfed Development Car t,
520 0202-951-065 0.190 $1 514,98 Glenfed Development Car ;.
521 0202-g51-066 0.190 $1 514.tB Glenfed Development Car h
~ 0202-951-067 0.190 $1 514.98 Glenfed Development Car m.
523 0202-~51-06B 0.~90 $1 511.9B Glenfed Development Carp.
52~ 0202-951-069 0.190 $~ 514.98 Glenfed Development Carp.
525 0202-~51-070 0.190 $I 514.98 Glenfed Development Carp.
526 0202-951-071 0.1~0 ~1,514.9B Glenfed Development Carp.
527 0202-g51-072 0.1~0 -Sl 514.98 Glenfed Development Carp.
528 0202-951-073 0.190 ~1 514.98 Glenied Development Carp.
529 0202-951-074 0.190 $15N.gB Glenfed Development Carp.
530 0202-951-075 0,190 $1 514.98 Glenfed Development Corp.
531 0202-951-076 0.190 $1 514.98 Glenfed Development Corp.
532 0202-~51-077 0,1~0 $1 514.98 Glenfed Development Carp.
~?' 0202-951-07B 0.190 $I 514.98 Glenfed Development Carp.
5~4 0202-~51-,:~79 0.190 $1 514.98 Glenfed Development Carp.
· .~ 0202-%1-015 I}.190 $I 514.~B Glenfed Development Carp.
5;6 0202-%1-016 O.l~O ~1,514.9B Glenfed Development Carp.
537 ~202-951-080 0.191} 11,514.98 Glenfed Development Corp.
538 0202-q51-081 0.190 Sl,514.98 Glenfed DeveloUment Carp,
~.j, 0~02-~51-,'iA2 l).1~i'1 $1,514.98 Glen+ed Development Carp.
5~0 0202-951-083 0. I~0 $I,514.~8 Glenfed Development C~rp.
5!I 0202-~51-081 0. i~0 $i,51~.~G Glen+ed Deve!op~ent Corp.
ASSESS~EHF ASSESSOR'S PARCEL TOTAL Resol uti on No. 87-220
NUMBER PARCEL NO. AREA ASSESSMENT OWNER'S NAME Page 37
~.~ 0202-75l-i)B5 0.190 $! 514.98 Glenfed DeveiDpment Corp.
543 0202-g51-086 0.190 $1 514.98 Glenfed Development Corp.
544 0202-g&I-054 0.~90 $I 51i.98 Glenfed Development Corp.
545 0202-741~055 0.190 $1 514.7B Glenfed Development Corp.
546 0202-941-056 0.190 $1 514.9B Glenfed Development Corp.
547 0202-941-057 0.190 $1.514.98 Glenfed Development Corp.
548 0202-941-058 0.190 $1.514.98 Glenfed Development Corp.
547 0202-9!~-059 0.190 $1 514.98 Blenfed Development Corp.
550 0202-7&L-060 0.190 $I 514.98 Blenfed Development Corp.
551 0202-941-061 0.190 $1 514.98 Glenfed Development Corp.
552 0202-941-062 0.190 $I 514.98 Glenfed Development Corp.
553 02~2-7~-063 0.190 ~1 51~.7B Glenfed Development CorD.
55~ 0202-94~-064 0.170 $I 514.'98 Glenfed Development CGr~.
555 0202-941-065 0.|90 $1514.78 Glenfed Development Cor~.
556 0202-941-066 0.190 $! 514.9B 8Ienfed Development Car:.
557 0202-941-067 0.190 $! 5!4.98 Elanfed Development Car~.
558 0202-741-068 0.190 $I 514.98 Glenfed Develapmen~ Corm.
557 0202-941-069 0.190 $1 514.98 Blenfed Development Corm.
298.535 $2,057;351.81
Resolution No. 87-220
Page 38
CITY OF RANClIO CUCAMONGA
FINAL BOND A MOUNT
ASSESSMENT DISTRICT NO. 86-2
CONSTRUCTION ITEMS
a) Construction Estimate $1,½25,38½.00
b) Contract Administration 120,½99.00
c) Ca1 Trans Inspection 6,000.00
d) S.B.C.F.C.D. Inspection 7,000.00
e) Verification of Quantities and Costs
for Acquisition Agreement ~, 000.00
(f) Contingency 156,088.00
Total Construction Item s $ I, 716,971.00
INCIDENTALS
a) Engineering $ 142,500.00
b) Bond Counsel 26,902.00
c) Assessment Engineering 47,608.00
d) Registrar &Paying Agent 12,500.00
e) Bond Printing 2,000.00
f) Publishing, Posting &Mailing 2,000.00
g) Appraisal 15,000.00
h) Financial ConsuLtant 7,500.00
i) City and County Admihistration Fee 30,000.00
j) Arbitrage Rebate Calculation 5,000.00
k) Underwriting Discount (1.9%) 39,127.68
I) Reserve Fund (10%) 205,93~.41
m) Funded Interest (I Year) (7.10%) 146,213.98
Resolution No. 87-220
Page 39
CITY OF RANCHO CUCAMONGA
FINAL BOND AMOUNT
ASSESSMENT DISTRICT NO. 86-2
(Continued)
n) Tax Roll Information $ ~, 000.00
o) Con tingency 20 T 000.00
TOTAL INCIDENTALS $ 706,286.07
TOTAL PRO3ECT COST 2,423,2.57.07
ESTIMATED IMPROVEMENT FUND EARNINGS ~0,000.00
CITY CONTI~JBUTION 63,870.00
PAID ASSE. SSMENTS (321,031.19 - 60,995.93) 260,03.5.26
TOTAL BOND AMOUNT 2,059 T 3.51.81
Resolution No. 87-220
Page 40
CITY OF RANCHO CUCAMONGA
FINAL BOND AMOUNT
ASSESSMENT DISTRICT NO. 86-2
CONSTRUCTION ITEMS
a) Construction Estimate $1,½25,3g~.00
b) Contract Administration 120,q99.00
c) Cal Trans Inspection t~,000.00
d) S.B.C.F.C.D. Inspection 7,000.00
e) Verification of Quantities and Costs
for Acquisition Agreement ~, 000.00
(f) Contingency 156,088. O0
Total Construction Items $ I, 716,971.00
INCIDENTALS
a) Engineering $ 142,500.00
b) Bond Counsel 26,902.00
c) Assessment Engineering t~7,608.00
d) Registrar & Paying Agent 12,500.00
e) Bond Printing 2,000.00
f) Publishing, Posting &Mailing 2,000.00
g) Appraisal 15,000.00
h) Financial Consultant 7,500.00
i) City and County Administration Fee 30,000.00
j) Arbitrage Rebate Calculation 5,000.00
k) Underwriting Discount (1.9%) 39,127.68
I) Reserve Fund (10%) 205,93~.~1
m) Funded Interest (1 Year) (7.10%) 146,213.98
Resolution No. 87-220
Page 41
CITY OF RANCHO CUCAMONGA
FINAL BOND AMOUNT
ASSESSMENT D/STRICT NO. 86-2 ,
(Continued)
n) Tax Roll Information $ t~, 000.00
o) Contingency 20 ~ 000.00
TOTAL INCIDENTALS $ 706,286.07
TOTAL PRO3ECT COST 2, ~23,257.07
ESTIMATED IMPROVEMENT FUND EARNINGS z$0,000.00
CITY CONTRIBUTION 63,870.00
PAID ASSESSMENTS (321,031.19 - 60,995.93) 260,035.26
TOTAL BOND AMOUNT 2,059,351.81