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HomeMy WebLinkAboutReso. 1981 - 171 - Approving official statement - Hartnell Avenue Assessment District No. 1980-3RESOLUTION NO. Yl -171 RESOLUTION APPROVING OFFICIAL STATEMENT HARTNELL AVENUE ASSESSMENT DISTRICT NO. 1980-3 The City Council of the.City of Redding resolves: 1. An Official Statement containing material information concerning the proposed bond issue, the proposed improvement and the assessment district has been prepared for the City. This Council approves the Official Statement. 2. This Council ratifies the action of distribution of the Official Statement by bond counsel in connection with the invitation for bids for bond purchase which were received at 11:00 a.m. on Monday, August 17, 1981, in the office of the City Clerk. 3. This Council authorizes bond counsel to make appropriate copies available to the underwriter awarded the sale of bonds. 4. The Official Statement is attached to this resolution and made a part of it. I HEREBY CERTIFY that the foregoing resolution was duly and regularly adopted by the City Council of the City of Redding, Shasta County, California, at a regular meeting thereof, held on the 17th day of August, 1981, by the following vote, to wit: AYES • Councilmembers Demsher, Fulton, Gard, Kirkpatrick and Pugh NOES: Councilmembers None ABSENT: Councilmembers None ETHEL A. RICHTER, City Clerk, City of Redding, Shasta County, California D�O�� 1AL Re: $1,746,241.20 Par Value Bonds Hartnell Avenue Assessment District No. 1980-3, City of Redding, Shasta County, California Enclosed is an Official Statement respecting the subject 1915 Act bond issue of the City of Redding. The Notice of Sale for the bonds was distributed under separate cover on August�4, 1981. On August 7, 1981, the owners (William and Norma Harter) of Assessment Parcel No. 3 (assessment of $30,326.00) filed suit in the Shasta County Superior Court (Action No. 70725), contesting the validity of that specific assessment. A copy of the complaint, together with the exhibits, is available at our office for those interested. In connection with the award of sale of the bonds at the August 17 meeting of the Redding City Council, the undersigned bond counsel will recommend,and it is anticipated that the City Council will adopt, appropriate measures to isolate the amount of the contested assessment and protect the remainder of the project financing. Further information respecting the assessment proceedings may be obtained from the undersigned. Further information about the assessment district construction project may be obtained from Paul Jones of PACE Engineering in Redding (916)244-0202, Engineer of Work for the assessment proceedings. While the City expects to receive one or more bids conforming to the terms of the Notice of Sale, it recognizes that the current bond market condi- tions may preclude that outcome. In the event no conforming bids are received, the City reserves full discretion to negotiate the sale of the bonds. Without limiting the entitlement of the City in conducting such negotiations, it is anticipated that the City will give first considera- tion to the party, if any, submitting the best non -conforming bid which utilizes the maturity schedule in the Official Statement. Notwithstanding that the cash payment period expired on August 10, with no cash payments having been made on account of any one of the four assessments levied, the City reserves the right, in connection with award of sale of bonds on or after August 17, to reduce the principal amount of bonds sold. The reason for reserving this right relates to ongoing negotiations with the Harters and with the owners of Assessment No. 7, which may lead the City Council to reduce either or both of those respective assessments, thereby reducing the principal amount of bonds to be sold. Very truly yours, STURGIS, NESS, BRUNSELL & SPERRY a rofessi al or ration SAS:mm Samuel A. Sperr Enclosure LAW OFFICES OF STURGIS, NESS, BRUNSELL F6 SPERRY A PROFESSIONAL CORPORATION EUGENE K.STURGIS (1892-1976) SUITE 1150,WATERGATE TOu'ER EDWIN N. NESS EMERYVILLE. CALIFORNIA 94608 MAILING ADDRESS: ROBERT BRUNSELL TELEPHONE (415) 652-7588 BOX 8808 SAMUEL A. SPERRY EMERYVILLE, CA 94662 August 12, 1981 Re: $1,746,241.20 Par Value Bonds Hartnell Avenue Assessment District No. 1980-3, City of Redding, Shasta County, California Enclosed is an Official Statement respecting the subject 1915 Act bond issue of the City of Redding. The Notice of Sale for the bonds was distributed under separate cover on August�4, 1981. On August 7, 1981, the owners (William and Norma Harter) of Assessment Parcel No. 3 (assessment of $30,326.00) filed suit in the Shasta County Superior Court (Action No. 70725), contesting the validity of that specific assessment. A copy of the complaint, together with the exhibits, is available at our office for those interested. In connection with the award of sale of the bonds at the August 17 meeting of the Redding City Council, the undersigned bond counsel will recommend,and it is anticipated that the City Council will adopt, appropriate measures to isolate the amount of the contested assessment and protect the remainder of the project financing. Further information respecting the assessment proceedings may be obtained from the undersigned. Further information about the assessment district construction project may be obtained from Paul Jones of PACE Engineering in Redding (916)244-0202, Engineer of Work for the assessment proceedings. While the City expects to receive one or more bids conforming to the terms of the Notice of Sale, it recognizes that the current bond market condi- tions may preclude that outcome. In the event no conforming bids are received, the City reserves full discretion to negotiate the sale of the bonds. Without limiting the entitlement of the City in conducting such negotiations, it is anticipated that the City will give first considera- tion to the party, if any, submitting the best non -conforming bid which utilizes the maturity schedule in the Official Statement. Notwithstanding that the cash payment period expired on August 10, with no cash payments having been made on account of any one of the four assessments levied, the City reserves the right, in connection with award of sale of bonds on or after August 17, to reduce the principal amount of bonds sold. The reason for reserving this right relates to ongoing negotiations with the Harters and with the owners of Assessment No. 7, which may lead the City Council to reduce either or both of those respective assessments, thereby reducing the principal amount of bonds to be sold. Very truly yours, STURGIS, NESS, BRUNSELL & SPERRY a rofessi al or ration SAS:mm Samuel A. Sperr Enclosure • HARTNELL AVENUE ASSESSMENT DISTRICT NO. 1980-3 CITY OF REDDING, SHASTA COUNTY, CALIFORNIA $1,746,241.20 PRINCIPAL AMOUNT LIMITED OBLIGATION BONDS ISSUED PURUSANT TO THE IMPROVEMENT BOND ACT OF 1915 OF THE STATE OF CALIFORNIA BONDS DATED AND DRAWING INTEREST FROM SEPTEMBER 2, 1981 INTEREST PAYABLE JANUARY 2 and JULY 2 PRINCIPAL PAYABLE JULY 2 IN YEAR OF MATURITY DENOMINATIONS $5,000 (EXCEPT BOND NO. 1) REGISTRABLE AS TO PRINCIPAL AND INTEREST CALLABLE ON ANY INTEREST PAYMENT DATE AT 105% OF PAR PAYING AGENT: BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION, SAN FRANCISCO INTEREST NON-TAXABLE IN THE OPINION OF COUNSEL NO RATING SOUGHT MATURITY SCHEDULE Year Amount July 2, 1983 $56,241.20 July July 2, 1984 60,000.00 July July 2, 1985 65,000.00 July July 2, 1986 75,000.00 July July 2, 1987 80,000.00 July July 2, 1988 90,000:00 July July 2, 1989 95,000.00 July July 2, 1990. 105,000.00 Year Amount 2,. 1991 $120,000.00 2, 1992 130,000.00 2, 1993 145,000.00 2, 1994 155,000.00 2, 1995 170,000.00 2, 1996 190,000.00 2, 1997 210,000.00 TOTAL $1,746,241.20 BIDS TO BE RECEIVED IN THE OFFICE OF THE CITY CLERK, CITY OF REDDING, 760 PARKVIEW AVENUE, REDDING, CALIFORNIA BEFORE 11:00 A.M. O'CLOCK, ON MONDAY, AUGUST 17, 1981 0 OFFICIAL STATEMENT 1915 ACT IMPROVEMENT BONDS CITY OF REDDING 0 HARTNELL AVENUE ASSESSMENT DISTRICT NO. 1980-3 INTRODUCTION I.The City of Redding, California, is issuing local improvement bonds under the provisions of the Improvement Bond Act of 1915 of the State of California, in the amount of $1,746,241.20. These bonds, designated Series 1980-3, will finance the construction of public road, sewer, storm drain, water, and underground utility improvements, together with related property acquisition and project incidental expense. The bonds represent special assessmentslevied by the City Council according to special benefits to land within the Hartnell Avenue Assessment District No. 1980-3, City of Redding, Shasta County, California, which was created for the project under the. Municipal Improvement Act of 1913. This official statement presents material information concerning the bonds, the project and the assessment district. The official statement is deemed to include the Notice Inviting Bids for Bond Purchase as fully as if the Notice was set forth herein. muu RnMnQ 1. LIMITED OBLIGATION. Bonds issued under the Improvement Bond Act of 1915 are limited obligation bonds. The bonds are not a general obligation of the State of California, the City of Redding, or any other local entity, and the full faith and credit of the issuer is not pledged to the payment of bonds. Installments of the principal and interest on special assessments within the Hartnell Avenue Assessment District No. 1980-3, which are col- lected as described in paragraph 5 below, are deposited in the bond redemption fund maintained by the issuer as a trust fund for the Series 1980-3 bondholders. These bonds and the interest on them are payable solely from this special fund. The phrase "bond redemption fund", as used in this official statement is a reference to this special fund. 2. DATE, DENOMINATION AND MATURITIES. The bonds will be dated September 2, 1981, and will be issued in denominations of $5,000, except Bond No. 1. A portion of the bond issue matures on July 2 of each year in a 15 -year period commencing July 2, 1983. The bonds bear semiannual interest represented by coupons attached to each bond. Interest Coupon No. 1 will represent interest from the date of the bond, September 2, 1981, to January 2, 1983, and thereafter interest is payable on July 2 and January 2 until the maturity date of each bond. 3. ADVANCEMENT OF MATURITY. All bonds are callable before their normal maturity, on any interest payment date, after a 60 -day published notice of call. Upon call, the bondholder is entitled to accrued interest to the date of call and one hundred five percent (105°x) of the bond principal. 4. REGISTRATION. All bonds are registrable as to both principal and interest and may thereafter be transferred, deregistered and reregistered at the expense of the bondholder. 5. COLLECTION ON THE PROPERTY TAX BILL. The installments of unpaid special assessments represented by these bonds, together with interest thereon, are collected as a separately stated item on the property tax bill for each specially assessed parcel within Hartnell Avenue Assessment District No. 1980-3. Installments of these special assessments are collected at the same time and in the same manner as general property taxes. They carry the same penalty for non-payment and their payment is enforced in the same manner as for general taxes. Upon receipt by the Shasta County Tax Collector, they are transferred to the City of Redding for deposit into the bond redemption fund. 6. ISSUER'S TAX SALE REMEDY. One-half of each annual installment is delinquent if not paid on or before December 10 of each fiscal year; the second installment is delinquent after April 10. Delin- quent installments bear an immediate penalty of six percent (6%) and, if not sooner paid, begin to accrue a penalty of one percent (1%) per month on July 1 following the fiscal year of delinquency. After a five-year redemption period, the delinquent property may -2- 0 0 be sold by the tax collector and a pro rata share of the proceeds deposited in the bond redemption fund and the general funds of the taxing and assessing agencies. 7. ISSUER'S JUDICIAL FORECLOSURE REMEDY. As a cumulative remedy, the issuer may begin a judicial foreclosure immediately after delinquency in any installment of a special assessment. A judi- cial foreclosure is instituted in the Shasta County Superior Court and is conducted.in the same manner as a judicial foreclosure on property delinquent in payments under a mortgage or deed of trust. After the issuer establishes the right to foreclose to the court's satisfaction, the court appoints a commissioner to conduct an auction sale of the property. Following the sale, the issuer receives the amount due on account of delinquencies, plus attorneys' fees and court costs, and the balance, if any, is held in trust by the court for the credit of the property owner. Like the tax sale, judicial foreclosure affects only delinquent assessment installments. The purchaser either at the tax sale or at a judicial foreclosure takes the property subject to future assessment installments. 8. COVENANT TO FORECLOSE. The City Council of the City of Redding, by resolution adopted July.9, 1981, has authorized a covenant for the benefit of Series 1980-3 bondholders, pursuant to Section 8830 of the California Streets and Highways Code, to commence and dili- gently prosecute a judicial foreclosure of the lien of delinquent assessment installments. The foreclosure proceedings shall be filed not later than ninety (90) days following the date of delinquency. This covenant constitutes an assurance to bondholders that the City will act quickly to minimize the periods of delinquency. In some circumstances, particularly those involving the bankruptcy of a delinquent property owner, the tax sale or judicial foreclosure may be delayed. Such delays, if extended, could result in delays in payment of principal or interest to bondholders. -3- 9. ISSUER'S OBLIGATION RE REDEMPTION FUND DEFICIENCIES. The amount of the annual installments of the several unpaid assess- ments, together with the interest thereon, is equal to the prin- cipal amount of bonds maturing the next succeeding July 2, together with the interest payable during that year on all outstanding bonds. Accordingly, delinquency in the payment of annual installments by any of the property owners will result in a temporary deficiency in the bond redemption fund. In anticipation of this occurrence, the Improvement Bond Act of 1915 imposes a limited obligation upon the issuer, at the end of the fiscal year of such delinquency, to advance to the bond redemption fund the amount of the delinquencies. These advances are then recovered by the issuer when the delinquent property owners redeem their delinquencies or when the issuer pursues its tax sale remedy or judicial foreclosure remedy, as described in paragraphs 6 and 7 above, to the point of cash sale proceeds. The issuer's obligation to make advances to the bond redemption fund is strictly limited, however, to available funds not immediately needed. Aside from moneys in the reserve fund from time to time, the City of Redding can give no assurance that it will have avail- able funds from which to make advances on account of delinquent installments. In fact, as the City adjusts its budgeting and appropriation procedures to meet the requirements of Articles XIIIA and XIIIB of the California Constitution (enacted in 1978 and 1979, respectively), it is less likely that the City will have such available funds. For the purpose of providing available funds for advancement to the bond redemption fund, the City has created a reserve fund as described in paragraph 11. 10. REPEAL OF TEN -CENT LEVY. Section 8809 of said 1915 Act presently provides that, where sufficient funds are not available to the City of Redding from which to make the required transfers, the City Council must levy a special tax city-wide at a rate of up to ten cents ($0.10) per one hundred dollars ($100) of assessed valuation in order to obtain funds for the transfer. However, under the provisions of Section 2237 of the Revenue and Taxation -4- 0 • Code (enacted by Section 27, Chapter 332, Statutes of 1978, effective June 30, 1978), the authority of local agencies in California (including the City of Redding) to levy any ad valorem property tax has been abrogated (with certain exceptions not applicable to this bond issue). Accordingly, in the opinion of counsel, Section 8809 has been repealed by implication, and no investor in the subject bonds should rely on either the authority or the duty of the issuer to levy an ad valorem tax to provide "available funds". 11. RESERVE FUND. Out of the proceeds of assessments levied, the City Council has set aside a reserve fund in the amount of $87,312.06. This fund will be used to make temporary advances to the bond redemption fund when made necessary by delinquencies in the payment of assessment installments. Advances from the reserve fund will be restored to that fund upon redemption or auction sale of the delinquent property. When the reserve fund, together with its interest accruals, is sufficient to pay all remaining principal and interest on the bond issue, whether by advance retirement or otherwise, the reserve fund will be used for this purpose and the balance of the special assessments will be cancelled. Prior to that time, the City Treasurer is required to apply the fund's interest accruals to annual assessments to the extent necessary to prevent the amount of the reserve fund from exceeding U.S. Treasury arbitrage limitations. 12. DEBT SERVICE SCHEDULE. The following table shows a debt service schedule based on an interest rate of ten percent (100) per annum. -5- 0 • DEBT SERVICE SCHEDULE HARTNELL AVENUE ASSESSMENT DISTRICT NO. 1980-3 CITY OF REDDING DATE OF BONDS: SEPTEMBER 2, 1981 YEAR RATE 1982-83 10.000 1983-84 10.000 1984-85 10.000 1985-86 10.000 1986-87 10.000 PRINCIPAL $56,241.20 60,000.00 65,000.00 75,000.00 80,000.00 INTEREST $320,144.22 169,000.00 163,000.00 156,500.00 149,000.00 TOTAL $376,:85.42 229,000.00 228,000.00 231,500.00 229,000.00 1987-88 10.000 90,000.00 141,000.00 231,000.00 1988-89 10.000 95,000.00 132,000.00 227,000.00 1989-90 10.000 105,000.00 122,500.00 227,500.00 1990-91 10.000 120,000.00 112,000.00 232,000.00 1991-92 10.000 130,000.00 100,000.00 230,000.00 1992-93 10.000 145,000.00 87,000.00 232,000.00 1993-94 10.000 155,000.00 72,500.00 227,500.00 1994-95 10.000 170,000.00 57,000.00 227,000.00 1995-96 10.000 190,000.00 40,000.00 210,000.00 1996-97 10.000 210,000.00 21,000.00 231,000.00 TOTALS: $1,746,241.20 $1,842,644.22 $3,588,885.42 PRICE FCR BONDS: 85.0000% DISCOUNT OR PREMIUM: $261,936.18 NET INTEREST COST: $2,104,580.40 NET INTEREST RATE: 11.4215% am 13. INSTALLMENTS NOT A PERSONAL OBLIGATION. Exhibit A to this Official Statement is a table of the seven separate assessment parcels, showing the amount of the assessments levied and unpaid in the subject assessment proceedings, as well as the property tax valuations established for the 1981-82 property tax roll. Exhibit B is a copy of the three-page assessment diagram, showing the con- figuration of the seven separate assessment parcels. Under the Municipal Improvement Act of 1913 and related provisions of law, each of the unpaid assessments constitutes a fixed lien on the parcel assessed. However, an unpaid assessment does not con- stitute a personal indebtedness of the respective owners of the parcel to which it applies. There is no assurance that the owners of any parcel will be finan- cially able to pay the installments on their parcel or that they will pay such installments even though financially able to do so. THE ASSESSMENT PROJECT 14. PRELIMINARY. The assessment proceedings for Hartnell Avenue Assessment District No. 1980-3 are to provide for the construction of an extension of Hartnell Avenue as a four -lane arterial street through the assessment district, together with extensions of the City's water, sewer and electrical systems into the area, and con- struction of substantial storm drainage improvements. As shown on the assessment diagram (Exhibit B), Hartnell Avenue bisects Assess- ment No. 2 and fronts on the other three parcels which have been assessed a portion of the total project cost. The assessment district is situated adjacent to the Sacramento River in central Redding (see Exhibit C for a vicinity map). Assessment Parcel No. 2, a 66 -acre parcel, was purchase in 1979 by developer Gary Stokes and associates (hereafter "Stokes"), and it is presently being developed as the Cobblestone Planned Development. See para- graphs 18 and 19 below for further information concerning the Cobblestone project. It was the Stokes purchase and development plans which provided the primary impetus for the assessment project. -7- 15. THE ASSESSMENT DISTRICT IMPROVEMENTS. The improvements to be funded by a combination of assessment district financing and City cash contributions relate primarily to the extension of Hartnell Avenue through the assessment district area. In addition, the City will install extensions to the City's water system, sanitary sewer system and electrical system to serve the property within the assess- ment district, together with substantial storm drainage improvements. The City has invited and received construction bids for the improve- ment project on June 30, 1981, and the low bid was received from Marshall Worley Construction, Inc. The City staff and Council are very pleased with the bidding results and are anxious to award a contract so that work can be commenced. The specifications for the construction project provide for a construction period of 180 calendar days. 16. ESTIMATED COSTS. The following is a summary of the estimated costs, as set forth in the Amended Engineer's Report approved by the City Council on July 9, 1981, which was amended to reflect the actual construction bid from Marshall Worley Construction, Inc: I. Acquisition Costs A. Right-of-way $125,450.00 B. Facilities 1,,840.00 C. Appraisal Fees 2,379.90 II. Construction costs per bid Contingency TOTAL I & II III. Less City Contribution: $ 129,669.90 1,291,859.20 75,000.00 $ 1,366,859.20 A. Construction costs and engineering services 176,078.24 B: Acquisition 127,829.90 NET PROJECT COST $ 1,192,620.96 IV. Incidental Expenses 204,372.00 V. Bond Reserve - 5% Bond Discount - 150 TOTAL AMOUNT OF BOND ISSUE 87,312.06 261,936.18 $ 1,746,241.20 17. ASSESSMENT DISTRICT PROPERTY. As shown on the assessment diagram (Exhibit B), there are seven separate parcels within the assessment district, but only four were deemed specially benefited by the proposed project improvements. Those four parcels and the amounts assessed against each are set forth in Exhibit A. Assessment Parcel No. 2 as mentioned above constitutes the 66 -acre parcel owned by Stokes, which is the subject of the proposed Cobblestone Planned Development. THE COBBLESTONE PROJECT 18. GENERAL. The primary impetus for undertaking this assessment district at the present time relates to the efforts initiated approximately two years ago by Mr. Stokes to develop the Cobblestone property. On March 16, 1981, Stokes and the City of Redding entered into a Cooperation Agreement to provide for the terms and conditions under which the respective parties would cooperate in providing the required improvements and related matters. A copy of the Cooperation Agreement is available upon request from the City. The assessment proceedings have been conducted in conformity with the terms and conditions of the Cooperation Agreement. The plans for development of the Cobblestone property have been sufficiently defined to enable Stokes to present to the City a proposed parcel map to reflect breaking the 66 -acre parcel into five separate parcels conforming to the development program. The map has been given tentative approval subject to conditions relating almost entirely to the improvements which will be installed by the assessment proceedings. While the overall plans in the Cobblestone development are still tentative, they have been the subject of the Environmental Impact Report which was processed by the City and certified as complete in June of 1981. As described in the EIR and related documents on file with the City, the present expectation is to develop a.116,000 sq.ft. shopping center on a 10 -acre site, single family and multi -unit residential and professional office space areas. See Exhibit D for the locations of the contemplated components of the development program. 19. SHOPPING CENTER SITE. On Tuesday, July 28, 1981, the Redding Planning Commission approved, with conditions, a use permit for construction of the shopping center. Mr. Stokes further advised that agreement has been reached for sale of the shopping center to Connley Development, an experienced shopping center developer in Oakland, California, for a price in excess of $1,000,000. It is presently contemplated that construction will commence in the spring of 1982. SPECIAL RISK FACTORS 20. DEVELOPER'S CASH FLOW. While agreement has been reached for sale of the shopping center site, escrow has not yet closed. In the event that the transaction was not completed as contemplated, the record owners of Assessment Parcel No. 2 would be deprived of cash resources from which to pay assessment installments on a timely basis. While no difficulty in completing the transaction is anticipated, it could happen, with the related possibility of delinquency in payments on account of Assessment Parcel No. 2, which constitutes approximately 920 of the total unpaid assessments. Related to this is the similar prospect that Stokes may experience difficulty in either selling other parcels in the Cobblestone development or developing them himself, whichever he chooses to do. This risk is possible in view of the current high interest rates. -10- Assessment & Diagram No. 1 2 3 4 5 6 7 HARTNELL AVENUE ASSESSMENT DISTRICT NO. 1980-3 CITY OF REDDING, SHASTA COUNTY, CALIFORNIA Amount of Assessment $ 37,707.27 1,608,898.34 30,326.00 69,309.59 Property Description 107-430-03 107-420-01 107-460-04 107-460-09 107-460-13 70-240-10 70-240-08 Assessed Value Land Improvements $ 78,030 --- 1,009,800 10,090 10,600 91,800 26,450 95,490 $ 10,200 17,430 27,590 208,200 5,630 566,030 EXHIBIT A 1 O/9'7'at/cT n; GCX//1'O.rRY Q oa rz'/sir' ' 1 e L:sem/� a . /o'r►'vo' I' A r SI.sY' C'J >C x H w H H i W, 4A9 -- �/oJ O/ST,CiCT Jet / !a 471 C✓27. JD, a. y7'WRl- �Q'�li/EW � La AVE W �P 1 o iVF ,a \ S L • d e.r'.Z' 05 �. rsree• .AP J!1-Zf 1 I C-rT) 1 O/9'7'at/cT n; GCX//1'O.rRY Q oa rz'/sir' ' 1 e L:sem/� a . /o'r►'vo' I' A r SI.sY' C'J >C x H w H H i O - Je�•tJ'n' .vm•t/'s✓ ' EAST Cyp/f'ESS AVE. ./s ace � se>•/7'd•' sr./s' •J)�.L' �• � � NJ)' a'W /lL �I' ser � 9/ JS AP /07-1-79= LtS 1 .433ESSMENT 9l•o >•39 Jvo' O/ST,CiCT a . >i• rte' 01,. / !a A? 1 A' �Q'�li/EW � p.JE AVE O - Je�•tJ'n' .vm•t/'s✓ ' EAST Cyp/f'ESS AVE. ./s ace � se>•/7'd•' sr./s' •J)�.L' �• � � NJ)' a'W /lL �I' ser � 9/ JS AP /07-1-79= LtS 1 .433ESSMENT 9l•o >•39 Jvo' O/ST,CiCT / tfOrwLNR✓ A? 1 A' / \ S J!1-Zf 1 I C-rT) d . /J' 75' 7" I . L • , c9' T- .fv M' 1 Ola !Y�` �1 -I9' Q 543' a 1 2 1�1 AI it 'f'. y ,Ar' 2 \\ Pau \ II E ,Pro \ I T. filed I. in* otrice of the city Clark, city of P*"&". county of c? ago, state n! 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LEGEND OZ ASSESSMENT NUM6Ef 177--/LO-O/ COY/MY 4"e$301V/5 Alp. M. NWMEG ---- i4SSES5MEN7- rV,SJ lCT GDUNG79411' NOTE: S71'£ET .P16//7,i-OF-WO✓ A.rC A17T //ICIUC eV' —727/f ASSESSMENT AL,tAb3E5 ANO ARL GX- CLUOEO Ar,>47 7NE A-SSGYSMENT LION J ASSESSMENT DIAGRAM OF HARTNELL AVENUE • ASSESSMENT DISTRICT NO. 1980-3 CITY OF REDDING SHASTA COUNTY, CALIF. 8Y ENGINEERING _ s al;l.,.,C tlr Oa•ia J "A RIL; 1981 SCALE IF•100' SHEET I •OF 3 too• WLC 185.03. . u w ' N i ,Q �w 1- O AJJGl.'U1G \� Q'1T�li! T OOC/A'LLI.f ✓ � . e A R 1 \�J t2i x H l"b H H / \ A!tls.TMlNr asrci�r AGr.WO•fQY I / L � J97jCL�l L • /117L C i O \ 3 \ C \ T• 7.73' d• S/'OS �O 'Cn 3, 4a SEE SHEET.9 - , -- i. NB9' S4' S9'G '/D3.•9S' — ASSE SMENT DIAGRAM - ----. of HARTNELL AVENUE ~ ASSESSMENT DISTRICT No. 1900-3 - CITY OF REDDING SHASTA COUNTY, CAUF. by l?EERING APRIL 1981 SCALE 0.100' .SHEET 2 OF 3 N'LC 165.03 le 0 9EE SHEET 2 ASSESSMEA/T D1572/LT BOUNLAA;-Y " N,�rNSA,u '4'rsQ,eco4AIeerd- IAOX / /07- 480 -O8 L /07-420- O• /07 - f&O - 04 4 /07 - 440 - 09 J1,07 -4G0- /R 70 - t40- /D HARTNELL AVENUE 240 - OL 0 I[] 70- 2.0- Oe n v I ASSESSMENT DIAGRAM 370 0" 1 107- HARTNELL AVENUE N W I ASSESSMENT DISTRICT /07 - e• s•ii ii Q r/�-�� NB9'S> J9"E L/ .4. O•/G TB" •e..S 042.' t • 74.iS N• Jam, c•iJP �t 111.7Q .. N//LS / �-.Af0.0 d •90•/7'33' v 1 s4:s9•£ KNELL AliE.�' cool R• 3Y7.00" L •472e' \N69's4J9F Et�fB' --.4004'29' Nom•-��E 1].B1'SO'JO- /• SB9•S4'S9'M' A�. 00 --i — — — — - APRIL , 1981 SCALE I "• 10d SHEET 3 OF 3 hl eco. 1/Oct' ,!O'M is'N 30Gb' SOO'✓'T3 %✓ APrb-Z40-O� 2/0 GO' I m � I 0 I[] 70- 2.0- Oe n v I ASSESSMENT DIAGRAM of HARTNELL AVENUE N W I ASSESSMENT DISTRICT N0. 1980-3 , .. N//LS / i y i CITY OF REDDING SHASTA COUNTY, CALIF. v 'TD• \o ' I d=35 1G AB Z•r �Z. rZZ.67 ENGINEERING /• SB9•S4'S9'M' A[omwo, CAUfpPYIA --i — — — — - APRIL , 1981 SCALE I "• 10d SHEET 3 OF 3 WtC 16507 0 I[] Scale: \ 0 1:' .5mile (approx-) _ 1E?D J ARK. o�wJtira....K < 61 rngSt. 'T-- �p t. r•rerry P 1 �. \ ®RODEO Chis / os` Polisodes C\ GROUNDS Atditori•tw Ave old Iturtl Q r„ Sa• � 1Uj wood+d. i Vti Po A Sooac W -V EPEE 1 t St' n i .R Du"is a ° rtyi a ¢° 6 orter Wo o c '-a ° 11 i p/. ,{ MNud • c C• Norman • t� tg St. r^� / �,4 � t. D' V � c c \ •+ti N neu ' ` MislletW Ookd 1' I 1 �� hY r - Eel ve. Gris Ct. K Mleee �o dol Ct o r°Hi P f = D1 H f pA J c onor s Dr. c "'w c Smit I f KVTR 5 • - �' Ind vstriol Sl St. m Wv. Derb In ` 1 ::?ARK' or O Remor Sr. M-`ta st. 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' ell Dr. 11 G u atY Ln. 8 _ L tl W.: Bol jr{ v Rofoe St.t C�D,- i'1 Denton WY odacre Curdnn Ln. = 1 aL > I � � F •t \. \i AC. 11 J � I 411 Rorr.y.re• O` c 1 Sckool S; Ke�v°r' , H�e`rr m nny lone ��' Douglus 1 T H$ gonnV = lone 3 C c wwr"el EXHIBIT C I lot, IIS E.�J n Q D PRODIS ASSOCIATES AIA INC. UM M^ Mft&X MN .0M CALMMM EXHIBIT D Z lot, IIS E.�J n Q D PRODIS ASSOCIATES AIA INC. UM M^ Mft&X MN .0M CALMMM EXHIBIT D