HomeMy WebLinkAboutReso 82-205 - Approving official statement - Upper Churn Creek Sewer Assessment District No. 1980-7RESOLUTION NO. S'C
RESOLUTION APPROVING OFFICIAL STATEMENT
UPPER CHURN CREEK SEWER ASSESSMENT DISTRICT NO. 1980-7
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. The City Council sets 2:00 p.m. on Monday, December 6,
1982, in the Corporate Agency Conference Room of Bank of America,
Twenty-first Floor, Suite 2180, 555 California Street, San Francisco,
California 94104, as the time and place for receipt of bids for the
purchase of improvement bonds in Upper Churn Creek Sewer Assessment
District No. 1980-7, City of Redding, Shasta County, California. A
Notice Inviting Bids for Bond Purchase has been prepared for the City.
This Council approves the Notice and directs the City Clerk to publish
the Notice once in a newspaper of general circulation within the City.
3. STURGIS, NESS, BRUNSELL & SPERRY a professional corporation,
Special'Bond Counsel for the City, is authorized to distribute the
Notice and the Official Statement to secure competitive bidding.
4. The Notice and the Official Statement are attached to
this resolution and made a part of it.
Oo _01NQd
h
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 15th day of November, 1982, by the following vote, to wit:
AYES: Councilmembers Demsher, Fulton, Pugh, and Gard
NOES: Councilmembers None
ABSENT: Councilmembers Kirkpatrick
ETHEL A. NICHOLS, City Clerk,
City of Redding, Shasta County,
California
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OFFICIAL
STATEMENT
City ®f Redding
_Shasta County, California
UPPER CHURN CREEK SEWER ASSESSMENT DISTRICT
NO. 1980-7
(not to exceed)
$2,579,167.90 -
(Improvement Bond Act of 1915)
Bids to be received at 2 p.m. on Monday, December 6, 1982
at the Corporate Agency Conference Room of
Bank of America, Twenty—First Floor,
Suite 2180, 555 California Street,
San Francisco, California 94104
Bond Delivery: December 20,1982
Gas-
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CITY OF REDDING
Shasta County, California
Upper Churn Creek Sewer Assessment District No. 1980-7
CITY COUNCIL
Barbara A. Gard, Mayor
Donald M. Demsher
Lee D. Fulton, M.D.
Howard D. Kirkpatrick, Councilmember
Archer F. Pugh, Councilmember
CITY STAFF
William M. Brickwood, City Manager
Ethel A. Nichols, City Clerk
Beverly J. Cassaday, City Treasurer
Randall A. Hays, City Attorney
Robert E. Courtney, Assistant City Manager
and Director of Finance.
Carl H. Arness, Director of Public Works
PROFESSIONAL SERVICES
Bank of America, N.T. C S.A., San Francisco, Paying Agent
Sharrah—Nolte and Associates, Red Bluff,
Consulting Engineer
John Vande Pol C Associates, Lafayette,
Financing Consultant
Sturgis, Ness, Brunsell & Sperry, Emeryville,
.Bond Counsel
The purpose of this Official Statement is to set forth information
concerning the Upper Churn.Creek Sewer Assessment District Bonds.
This Official Statement contains statements which are based upon
estimates, forecasts and matters of opinion, and such statements are
intended solely as such and not as representations of fact. A11 sum—
maries of the statutes, resolutions or reports contained herein are
made subject to all the provisions of said documents, and such sum—
maries do not purport to be complete statements of said documents.
This Official Statement is not to be construed as a contract with
the purchasers of any of the Upper Churn Creek Sewer Assessment
District Bonds. Bond Counsel's engagement in the review of this
Official Statement has been limited to reviewing the statements of
law and legal conclusions set forth herein relating to the Upper
Churn Creek Sewer Assessment District Bonds.
THE DATE OF THIS OFFICIAL STATEMENT IS NOVEMBER 1, 1982
ri
NOTICE INVITING BIDS NOS 1 to 6
OFFICIAL STATEMENT
Introduction 1-1
The Bonds 1-1
THE PROJECT AND THE ASSESSMENT DISTRICT
The Project
2-1
Project Costs
2-1
Method Assessment
2-2
The Engineer
2-2
The Assessment District
2-2
Public Facilities and Services
2-4
Distrist Appraisal
2-4
Tax Delinquency Data
2-5
Prior Debt Data
2-5
Major District Landowners/Developers
2-6
Redding Housing Supply/Vacancy Characteristics
2-7
City Building Statistics
2-7
Finished Lot Survey
2-7
Earthquake Faults and Volcanoes
2-8
CITY AND FINANCIAL DATA
City Government - General
3-1
Assessed Valuations, Secured Tax Levies
4-1
and Delinquencies
3-2
Combined Appropriations and Expenditures
3-3
Revenues and Fund Balances
3-4
Expenditures and Encumbrances
3-6
General Fund Revenues and Transfers
3-8
Utility System Rates and Collections
3-10
Special Assessment Collections
3-12
Ratio of Net General Bonded Debt
3-13
Property Value, Construction, and Bank Deposits
3-14
CHARACTERISTICS OF THE REDDING AREA
Geography - Climate
4-1
Population
4-1
Economic Base
4-1
Growth Pattern
4-2
Recreation
4-2
Employment
4-3
Industrial -Commercial Development Programs
4-3
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NOTICE INVITING BIDS FOR BOND PURCHASE
UPPER CHURN CREEK SEWER ASSESSMENT DISTRICT NO. 1980-7
CITY OF REDDING, SHASTA COUNTY, CALIFORNIA
Notice is hereby given that the City C1erk of the City of Redding,
Shasta County, California, will receive sealed bids for the purchase of
bonds to be issued by the City of Redding for Upper Churn Creek Sewer
Assessment District No. 1980-7. Bids must be submitted not later than
2:00 P.M. on December 6, 1982, at the Corporate Agency Conference Room of
Bank of America, Twenty—first floor, Suite 2180, 555 California Street,
San Francisco, California 94104. The bids will be referred to the City
Council for consideration at its meeting on the same day.
THE BONDS
1. PURPOSE OF THE ISSUE. The bonds are being issued for the purpose of
financing construction of a system of trunk sewers and laterals, acquisi—
tion of rights of way, and correlated facilities and services.
2. AUTHORITY FOR ISSUANCE. These bonds are authorized to be issued under
the provisions of the Improvement Bond Act of 1915 of the State .of
California, after special assessment.proceedings taken by the City Council
under the provisions of the Municipal Improvement Act of 1913 of the State
of California. The proceedings were initiated by Resolution of Intention
No. 81-80, adopted by the City Council on May 4, 1981.
3. AMOU14T OF ISSUE. The total amount of bonds to be issued for this as—
sessment district is not to exceed $2,579,167.90, which is the total
amount of assessments levied. Following expiration of the cash payment
period, on December 6, 1982, the final amount of the bonds will be reduced
to an amount equal to the unpaid assessments.
4. DATE OF BONDS. The bonds will be dated December 15, 1982•
5. DENOMINATION A14D MATURITY SCHEDULE. The bonds will be in $5,000 denomi—
nations
enomi—
nations except Bond No. 1. The bonds w i 1 1 mature as set forth in one of
the following maturity schedules, which are sample schedules based on the
assessments levied
SCHEDULE 1 SCHEDULE 2
DATE OF MATURITY ANNUAL AMOUNT ANNUAL AMOUNT
1984 $ 74,167.90 $ 39,167.90
1985 90,000.00 40,000.00
1986 100,000.00 45,000.00
1987 110,000.00 50,000.00
1988 125,000.00 55,000.00
1989 135,000.00 60,000.00
1990 145,000.00 70,000.00
NoS 1
$2,579,167.90 $2,579,167.90
6. INTEREST. Each bond will bear interest from its date at a rate not to
exceed twelve percent (12%) per annum. Each bond shall have coupons
attached representing semiannual interest. The first coupon on each bond
will represent interest from the date of the bond until January 2, 1984,
and each subsequent coupon will represent interest to the next July 2 or
January 2, as the case may be, until the maturity date of the bond. See
also Paragraph 20 below respecting specification of interest rates for
bidding purposes.
7. PAYMENT. Both principal and interest on this issue are payable in
lawful money of the United States at the Bank of America National Trust
and Savings Association, Corporate Agency Division, Bank of America
Center, P.O. Box 37000, San Francisco, California 94137-
8. BEARER BONDS. The bonds will be issued as negotiable instruments
payable to bearer. Unless thereafter registered, title to each bond may
be passed by physical delivery. Any bond may be registered as to both
principal and interest. Any registered bond may be transferred, deregis—
tered, or reregistered at the expense of the bondholder.
9. ADVANCE OF MATURITY. The issuer at its option may advance the maturi—
ty of any bond to the next interest payment date following the publication
of a sixty—day notice of call, and the manner of selection of bonds for
retirement shall be that prescribed by the Improvement Bond Act of 1915•
Upon call, the bondholder shall receive interest to the date of call, the
principal of the bond and a redemption premium in the amount of five
percent (5%) of the principal.
10. LIMITED OBLIGATION. Bonds issued under the provisions of the
Improvement Bond Act of 1915 of the State of California are limited obli—
gation bonds. These bonds are not a general obligation of the issuer, and
the ful 1 faith and credit of the issuer is not pledged to the payment of
either principal or interest of the bonds. Neither these bonds nor the
installment obligations on account of unpaid assessments are a personal
obl i gat i on of the owner or owners of the respective parcels which have
NoS 2
1991
160,000.00
80,000.00
1992
175,000.00
90,000.00
1993
190,000.00
100,000.00
1994
205,000.00
110,000.00
1995
225,000.00
125,000.00
1996
250,000.00
14o,000.00
1997
280,000.00
155,000.00
1998
315,000.00
175,000.00
1999
195,000.00
2000
220,000.00
2001
245,000.00
2002
275,000.00
2003
310,000.00
$2,579,167.90 $2,579,167.90
6. INTEREST. Each bond will bear interest from its date at a rate not to
exceed twelve percent (12%) per annum. Each bond shall have coupons
attached representing semiannual interest. The first coupon on each bond
will represent interest from the date of the bond until January 2, 1984,
and each subsequent coupon will represent interest to the next July 2 or
January 2, as the case may be, until the maturity date of the bond. See
also Paragraph 20 below respecting specification of interest rates for
bidding purposes.
7. PAYMENT. Both principal and interest on this issue are payable in
lawful money of the United States at the Bank of America National Trust
and Savings Association, Corporate Agency Division, Bank of America
Center, P.O. Box 37000, San Francisco, California 94137-
8. BEARER BONDS. The bonds will be issued as negotiable instruments
payable to bearer. Unless thereafter registered, title to each bond may
be passed by physical delivery. Any bond may be registered as to both
principal and interest. Any registered bond may be transferred, deregis—
tered, or reregistered at the expense of the bondholder.
9. ADVANCE OF MATURITY. The issuer at its option may advance the maturi—
ty of any bond to the next interest payment date following the publication
of a sixty—day notice of call, and the manner of selection of bonds for
retirement shall be that prescribed by the Improvement Bond Act of 1915•
Upon call, the bondholder shall receive interest to the date of call, the
principal of the bond and a redemption premium in the amount of five
percent (5%) of the principal.
10. LIMITED OBLIGATION. Bonds issued under the provisions of the
Improvement Bond Act of 1915 of the State of California are limited obli—
gation bonds. These bonds are not a general obligation of the issuer, and
the ful 1 faith and credit of the issuer is not pledged to the payment of
either principal or interest of the bonds. Neither these bonds nor the
installment obligations on account of unpaid assessments are a personal
obl i gat i on of the owner or owners of the respective parcels which have
NoS 2
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been assessed in these proceedings. The obligation of the issuer is
strictly limited by the specific provisions of the Improvement Bond Act of
1915•
Furthermore, performance by the City of the limited obligation pre—
scribed by said 1915 Act provisions has been affected by the adoption on
June 6, 1978, of Proposition 13 (the Jarvis—Gann Initiative), which added
Article XIIIA to the California Constitution, and by subsequent enactments
of the California State Legislature to implement Article XIIIA.
11. SECURITY. These bonds are secured by assessments levied against the
several parcels of property in Upper Churn Creek Sewer Assessment District
No. 1980-7, City of Redding, Shasta County, California. Principal and
interest installments of the assessments are collected annually, as a
separately stated item on the tax roll on which general taxes for real
property are collected. These installments are deposited in a bond re—
demption fund, which constitutes a trust fund for payment of bond princi—
pal and interest.
Each unpaid special assessment constitutes a lien on the specific
parcel of property against which the assessment was levied. The lien is
subordinate to all unpaid fixed special assessments previously levied, has
priority over any fixed special assessments which may subsequently be
1 ev i ed, and has par i ty w i th the 1 i en for property taxes. A 1 i st of the
assessments levied is set forth as Exhibit A of the Official Statement for
this bond issue.
The annual installments are payable and become delinquent at the same
time and in the same proportionate amounts, bear the same proportionate
penalties and interest, and are subject to the same provisions for sale
and redemption as general taxes.
The annual installments are further subject to judicial foreclosure
proceedings in the event of delinquency.
12. ADDITIONAL SECURITY. If any property owner fails to pay the annual
installment of a special assessment when due, the property is sold in the
same manner as for delinquency on the payment of property taxes. Under
the provisions of the 1915 Act, the City is obligated to purchase the
property at the tax sale and, as an incident to such purchase, to transfer
into the bond redemption fund the amount of the delinquent installments.
The City's obligation to make the transfer continues for each year until
either the delinquencies are redeemed or the property is sold for cash to
a third party.
For the purpose of making the required transfers, the City will
establish a reserve fund equal to maximum annual debt service on the
amount of the unpaid assessments.
The 1915 Act provides that in the event insufficient monies are
available to make the required transfers, the City is obligated to include
in its next annual property tax levy an amount sufficient to make the
transfers, but not to exceed $.10 per $100 assessed valuation in any year.
NoS 3
0 •
However, in the opinion of counsel, the legal authority for such special
tax levy has been abrogated by the adoption of Article XIIIA of the
California Constitution and the subsequent enactments of the California
State Legislature to implement Article XIIIA, with the result that, under
present California law the City has no legal authority to levy such a
special ad valorem property tax.
In addition to the foregoing, the City has made a covenant on behalf
of the bondholders to initiate judicial foreclosure proceedings on any
delinquency within one hundred twenty (120)days of the date of such delin—
quency.
For description of financial and economic conditions related to the
Project and the City, see, respectively, the sections in the Official
Statement entitled "The Project and the Assessment District" and "City
Financial Data" and "Characteristics of the Redding Area."
13. LEGAL OPINION. The legal opinion of Sturgis, Ness, Brunsell &
Sperry, a professional corporation, Suite 1150, Watergate Tower, 1900
Powell Street, Box 8808, Emeryvill.e, California 94662, approving the
validity of the bond issue will be furnished without charge to the suc—
cessful bidder, and will be printed on the bonds. This law firm has been
retained by the issuer as bond counsel on a contingent fee payable solely
from the proceeds of the bond issue.
14. TAX EXEMPTION. In the opinion of bond counsel, interest on the bonds
is exempt from all federal income taxes and from State of California
personal income taxes under existing statutes, regulations, rulings and
court decisions. If the income received by private holders from bonds of
the same type shall have been declared taxable under federal income tax
authority or official ruling (which ruling is followed by the Internal
Revenue Service) or by decision of any federal court, the purchaser of the
bonds shall have the option, before tender of the bonds, to cancel the
purchase.
15. ARBITRAGE. The issuer will furnish to the purchaser, at the time of
bond delivery, a certificate that the bonds are not arbitrage bonds within
the meaning of Section 103(c) of the Internal Revenue Code.
16. RAT I NG. The issuer has not sought a rating of this issue from any
bond rating agency.
17. LITIGATION. There is no pending litigation contesting the validity
of the assessments or the bonds of this issue. The 30—day period pre—
scribed by Section 10400 of the California Streets and Highways Code for
the filing of any such litigation will expire before the award of the
bonds. The successful bidder will be furnished a standard Signature and
No—Litigation Certificate.
THE BIDDING
18. PRICE. Bidders must specify the price at which they propose to pur—
chase the issue. Bidders are requested to specify the price as a percen—
NoS 4
tage of the par value of the issue, but bids specifying a dollar price
will be accepted.
19. MINIMUM PRICE. Bids are requested, but not required, for both Sche—
dules. Bids must be for not less than ninety—seven percent (97%) of the
par value of Schedule 1 and ninety—five percent (95%) of Schedule 2. Any
bid for less than these respective amounts of the par value will be
rejected.
20. SPECIFICATION OF RATES. Bidders must specify the interest rate which
bonds of each maturity date shall bear. Al 1 bonds maturing on the same
date must bear the same and only one rate of interest, but different rates
of interest may be bid for bonds maturing on different dates. Rates
specified must equal or exceed the rate for bonds maturing in the
immediately preceding year beginning with the 1991 maturity for Schedule
1, and the 1995 maturity for Schedule 2. The difference between the
highest and lowest rates bid may not exceed two percent (2%). The inte—
rest payable on any bond on any interest payment date may be represented
by only one coupon. Each interest rate must be specified as a multiple of
1/40 of one percent (.025%) per annum.
21. BOND CALCULATION. Each bid w i 11 be calculated on the basis of its
net interest cost. Net interest cost is the amount determined by adding
the amount of bond discount to, or subtracting the amount of bond premium
from, the total coupon interest payable on all bonds over the life of the
issue, with adjustment for the factor of time of payment or accrual. In
calculating interest, the calendar year will be treated as having 360 days
and each calendar month, 30 days.
Bidders are requested, but not required, to state in their bids the
net interest cost or net interest rate, or both. This statement will be
treated as informational only and will not affect the calculation of bids
or award of the bonds.
Award of the bonds, if made, will be made following selection of a
schedule by the City to the bidder offering to purchase the bonds at the
lowest net interest cost to the issuer.
22. FORM OF B I D. Al 1 b i ds must be uncond i t i onal and for not less than
all of the bonds in this issue. Each bidder must agree to pay accrued
interest from the date of the bonds to the date of delivery. Bids must be
enclosed in a sealed envelope, addressed to the City Clerk of the City of
Redding, and marked "Bid for Bonds, Upper Churn Creek Sewer Assessment
District No. 1980-7."
23. BID CHECK. Each bid must be accompanied by a certified or cashier's
check in the amount of $20,000 as a bid guarantee. All checks, except
that of the successful bidder, will be returned promptly after award. The
check of the successful bidder will be negotiated and its amount will be
deducted from the amount due upon the delivery of the bonds.. No interest
will be paid upon the deposit made by any bidder.
NoS 5
26. DELIVERY. Bonds, in temporary or definitive form, shall be delivered
on their date or as soon thereafter as they are ready for delivery, but in
no event later than December 30, 1982. The purchaser shall have the right
to cancel the purchase if the bonds are not tendered w i thin twent y—f i ve
(25) days after the bid date.
The delivery will be based on the amount remaining following the close
of the cash collection period. The revised maturities will be scheduled,
as nearly as practicable, to produce equalized annual payments of princi—
pal and interest.
The bonds will be delivered at the office of the City Treasurer, City
of Redding, 760 Parkview Avenue, Redding, California, or at any other
place mutually agreed on between the City Treasurer and the purchaser.
Payment for the bonds must be made in funds immediately available to the
issuer. Any expense in connection with providing immediately available
funds, whether by transfer of Federal Reserve funds or otherwise, shall be
paid by the purchaser.
27. COPIES OF OFFICIAL STATEMENT. The successful bidder will be fur—
nished with 50 additional copies of the Official Statement without charge.
DATED: November 15, 1982
ETHEL A. NICHOLS, City Clerk,
City of Redding, Shasta County,
California
Pesons wishing further information may contact:
Regarding the Project: John Sharrah or Virgil Weld, Sharrah—Nolte and
Associates, 725 Jefferson Street, P.O. Box 1128, Red Bluff, California,
96080, or via (916) 529-2090•
Regarding legal aspects of the assessment proceedings or the bond issue:
Samuel A. Sperry, Sturgis, Ness, Brunsell 6 Sperry, a professional
corporation, P.O. Box 8808, Emeryville, California 94662, or via ( 415 )
652-7588.
Regarding the City of Redding: Department of Pub 1 i c Works — ( Robert D.
"Lefty" Hastings); Finance Department (Robert E. Courtney), 760 Parkview
Avenue, Redding, California 96001, or via (916) 246-1151.
Regarding the Official Statement: John Vande Pol S Associates, P.O. Box
1097, Lafayette, California 94549, or v i a (415) 284-5862.
NoS 6
Figure 1
View of the assessment district looking south toward central Redding.
The fairways of Gold Hills' Golf Course is in the southern half of
the main portion of the district. The light colored area in the
right center is a recently improved portion of the Mountain Lakes
Industrial Park which is not being assessed. The area west of the
dotted 1 i ne i s an area covered by refund agreements as noted i n the
Official Statement.
11__-_1v.. 1-? .rte' : .v...A.;.
OFFICIAL STATEMENT
1915 ACT IMPROVEMENT BONDS
CITY OF REDDING
UPPER CHURN CREEK SEWER ASSESSMENT DISTRICT NO. 1980-7
INTRODUCTION
. 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 an amount not to exceed $2,579,167.90. These bonds, desig—
nated Series No. 1980-7, will finance the installation and construction of
approximately 19,000 feet of sanitary trunk sewer line together with
appurtenant work and facilities, and acquisition of easements and rights
of way as described in the section of this Official Statement entitled
"The Project". The bonds represent special assessments levied by the City
Council according to special benefits to land within the Upper Churn Creek
Sewer Assessment District No. 1980-7, City of Redding, Shasta County,
California, which was created for the project under the Municipal Improve—
ment 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.
THE BONDS
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. Neither these bonds nor the installment obligations on
account of unpaid assessments are a personal obligation of the owner or
owners of the respective parcels which have been assessed in these pro—
ceedings. Installments of the principal and interest on special assess—
ments within the Upper Churn Creek Sewer Assessment District No. 1980-7,
which are collected as described in Paragraph 5 below, are deposited in
the bond redemption fund maintained by the issuer as a trust fund for the
Series No. 1980-7 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 December
15, 1982, 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 within a
period up to 20 years, in accordance with the schedule selected at the
time of the sale, commencing July 2, 1984. 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, December 2, 1982,
to January 2, 1984, 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
cal 1 , and the manner of selection of bonds for retirement shall be that
prescribed by the Improvement Bond Act of 1915- Upon call, the bondholder
is entitled to accrued interest to the date of call and one hundred five
percent (105%) 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 OF 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 Upper Churn Creek Sewer
Assessment District No. 1980-7. Installments of these special assessments
are collected at the same time and in the same manner as general property
taxes.
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. Delinquent installments
bear an immediate penalty of ten percent ( 10%) and, if not sooner paid,
begin to accrue a penalty of one and one—half (1-1/2%) per month on July 1
following the fiscal year of delinquency. After a five—year redemption
period, the delinquent property may be sold by the tax collector and a
prorata share of the proceeds deposited in the bond redemption fund and
the general funds of the taxing and assessing agencies. Data on current
and recent tax delinquencies in the assessment district are presented in
the section of this Official Statement entitled "The Project and The
Assessment District". See also Paragraph 7 and 8 below.
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 judicial foreclosure is insti—
tuted 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 establ i shes the right to
foreclose to the court's satisfaction, the court appoints a commissioner
to conduct an auction sale of th.e property. (Section 8 provides further ..
details on these matters).
Following the sale, the issuer receives the amount due on account of
delinquencies, plus attorney's 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.
1-2
8. COVENANT TO FORECLOSE. The City Council of the City of Redding, by
resolution adopted November 1, 1982, has authorized a covenant for the
benefit of Series No. 1980-7 bondholders, pursuant to Section 8830 of the
California Streets and Highways Code, to commence and diligently prosecute
a judicial foreclosure of the lien of delinquent assessment installments.
The foreclosure proceedings shall be filed not later than one hundred
twenty (120) 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 circum—
stances, particularly those involving the bankruptcy of a delinquent prop—
erty 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.
9. ISSUER'S OBLIGATION RE REDEMPTION FUND DEFICIENCIES. The amount of
the annual installments of the several unpaid assessments, together with
the interest thereon, is equal to the principal 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 w i l l result in a temporary def i c i ency 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. Any such advances as could be made would then
be 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.
For the purpose of providing available funds for advancement to the bond
redemption fund, the City has created the reserve fund described in Para—
graph 11. Aside from monies in the reserve fund from time to time, the
City of Redding can give no assurance that it will have avai l ab l e 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 X1 IIA and X1 IIB of the California Consti—
tution (enacted in 1978 and 1979, respectively), it is less likely that the
City will have such available funds. Other non—Constitutional factors also
bear on this matter from time to time, inc1uding, amount other things,
those which are unpredictable and largely or mostly beyond the issuer's
control, such as future economic conditions, and State and Federal subven—
tions, and several land development aspects as discussed in this Official
Statement in the Section entitled "The Project and The Assessment Dis—
trict". Details on Redding's financial status are in the section of this
Official Statement entitled "City Financial Data".
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
1-3
Redding from which to make the required transfers, the City Council must
1 evy a spec i al tax c i ty—w i de 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 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 and 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 will set aside a reserve fund in the amount equal to maximum annual
bond service. Th i s f and w i 1 1 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. INSTALLMENTS NOT A PERSONAL OBLIGATION. Exhibit A to this official
statement is a table of the 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.
Under the Municipal Improvement Act of 1913 and related provisions of
the law, each of the unpaid assessments constitutes a fixed lien on the
parcel assessed. However, an unpaid assessment does not constitute a
personal indebtedness of respective owners of the parcel to which it
applies.
There is no assurance that the owners of any parcel will be
financially able to pay the installments on their parcel or that they will
pay such installments even though financially able to do so.
1-4
0 •
THE PROJECT AND THE ASSESSiCNT DISTRICT
The Project
The Upper Churn Creek sewer project involves building approximately 19,000
feet of trunk sewers in a northwesterly arc from an existing City trunk sewer
at the southern end of the District. The project will also include rights-
of-way acquisition plus four lateral sewers dispersed through the District
which is shown on the Redding and District Vicinity map, Figure 2. The trunk
sewers will range in size between 27 and 18 inches, and the laterals range
between 15 and 8 inches. Redding's recently constructed regional plant will
process the flow.
The project was initiated in
Harley Eakins (assessment roll
participation by the developers
by Norman Levenson, owner of a
Project Costs
response to a request to the City for sewers by
number 165), and soon obtained requests for
of the Gold Hills project (described later) and
150 -acre parcel in the District, and others.
Construction bids for the project were received from 10 firms October 14,
1982, and the winning bidder, Custom Rock Contractors, Klamath Falls, Oregon,
designated. Table 2-1 (below) summarizes the estimated project costs.
Table 2-1
CITY OF REDDING
Upper Churn Creek Assessment District
Estimated Project Costs
Project Construction
Rights -of -Way
Contingencies
Subtotal
Incidental Expenses
Bond Discount 10%
Bond Reserve Fund 15%
Total
2-1
$ 1,428,755.00
55,000.00
157,163.05
$ 1,640,918.05
293,457.87
257,916.79
386,875.19
$ 2,579,167.90
E
Method of Assessment
•
Project costs for the District were spread on a basis of each parcel's
estimated contribution to sewage flows in the system as reflected by the
concept of household equivalents. The household equivalents concept and
definition was formulated in connection with cost allocation studies conducted
for Redding's Regional Sewerage System program. The household equivalents were
allocated to each parcel's net area throughout the District on the basis of
their land use designation in Redding's proposed General Plan for the area.
Net acreage excludes land subject to 100 -year storm flooding or areas with
slopes greater than 20%.
The project costs were segregated into trunk line and lateral categories,
with the trunkline costs distributed equally according to the household
equivalent computations, while lateral costs to the specific parcels were
distributed as related to each specific lateral.
The Engineer
John Sharrah of Sharrah-Nolte and Associates, Red Bluff, California, has
served as the consulting engineer on the project since its inception, and will
continue providing engineering services to various developers in the assessment
district following completion of the project. In addition, he has served as
the engineer for many of the subdivisions adjoining or nearby the District, as
well as on projects distributed throughout the Redding area. Mr. Sharrah
commenced a private practice for developers of subdivisions, shopping centers,
and planned developments in 1965. Previously, he was employed by the City of
Davis.
The Assessment District
The District is located in the northeastern sector of the Redding area,
within the path of the predominant direction of growth. The District extends,
generally, in a north -south direction along eastern side of Interstate 5, from
which the District will be served directly by three Interchanges. These are,
preceding northward, the 1-5 interchange with State Highway 299 (call East Lake
Boulevard), also a freeway and the second largest interchange in Redding, the
Twin View Boulevard interchange (4,000 feet north), and the Oasis Road - Old
Oregon Trail interchange (7,500 feet north). In addition, major thoroughfares
that will traverse portions of the District intersect with the interchange in
the community of Pine Grove, about one mile north of the District, and the 1-5
State Highway 44 freeway interchange, Redding's largest, to the south, where
Mt. Shasta Mall, Reddingts largest shopping center is located.
The District covers about 2,100 gross acres and about 1,600 net assessable
acres, which when fully developed, could contain residential, commercial and
other uses that produced sewage flows equal to the amount expected from 6,200
single family homes.
Churn Creek traverses the District in a generally northwest to southeast
direction and has flows throughout most of the year. The terrain in the
District is mostly gently sloping, although some portions have slopes in excess
of 20%, and some flatland portions are subject to inundation by a 100 -year
2-2
mcuujnt3 ano u1JIKlul VIUINIIY MAP
2-3
frequency rain -storm. The steep slopes are classes as unbuildable and will be
converted to greenbelt classification.
Current Public Facilities and Services
Major portions of the District are currently within the incorporated
boundaries of the City of Redding and additional segments may annex in the
future to obtain the advantages of City services and low utility rates. The
table below summarizes the agencies expected to provide facilities and services
to the respective city/county portions of the District.
Services
Fire Protection
Police Protection
Water
Telephone
Electricity
High School
[E
Redding Department*
Redding Department*
City Department
PT&T
City Department
Shasta Unified HSD
Shasta County Fire
Department
County Sheriff, Highway
Patrol**
Bella Vista Water
District
Same
PG&E
Same
*Both the City and County departments have mutual aid agreements
with each other and with the Shasta College station located
near the southern area of the District, and for brush and
forest fire purposes, with the California Division of Forestry.
Redding has a fire station adjoining the District in Mountain
Lakes Industrial Park. A future fire station is proposed at
the intersection of Oasis and Old Oregon Trail.
**A California Highway Patrol Station Is located now at the
Interstate 5 and Oasis Road interchange.
Three elementary school districts have service areas in the District:
Columbia School District serves the southeastern sector; Buckeye Elementary
School District will serve areas largely on the west side of 1-5; and Shasta
Lake Elementary School District covers the major portions of the District.
District Appraisal
A general valuation property analysis (i.e., rather than parcel by parcel)
of the lands (i.e., excluding improvements) within the gross area of the
District has been prepared by Charles W. Ryan, M.A.I., of Ryan/Associates,
Redding. Mr. Ryan, prior to establishing his practice as an independent
appraiser in 1976, served as a staff appraiser for Crocker California National
Bank, the State Board of EqualizationtsDivision of Intercounty Equalization
and as a senior appraiser in its Office of Appraisal Appeals, with statewide
responsibilities. He is certified under the American Institute of Real Estate
Appraisers continuing education program through 1983, and is qualified as an
expert witness in eight counties. (The report is available for examination
upon request.)
2-4
UPPER CHURN CREEK SEDER ASSESSMENT DISTRICT
Assessment Roll and Related Parcel Data
1 Represents household equivalents. See text regarding assessment spread.
2 Delinquency retired by or before 10/20/82.
AR -1
1911 Act
1981/82 Assessor's
Tax Delinquency Bond Liens
ValuationsStatus
Years
Asmnt
Assessor's
Total
Total
Assessment
Improve-
1981/82 Prior to
No.
Parcel No.
Owner
Acres
H.E.
1 Amount
Land
ments
4/30/82 Years Amount End
1.
72-230-05
BHS Investments
27.15
84
22,559.00
191,000
--
2.
72-230-06
McHale
13.66
42
12,360.00
70,310
--
74.62
3.
72-240-02
Owens
39.10
99
43,901.20
76,000
--
413.42-2_
4.
72-240-01
Tanem
39.80
78
25,395.24
23,410
--
5.
72-270-16
Leonard
18.41
10
2,686.00
16,430
65,740
6.
72-260-08
BHS Investments
28.81
114
45,532.00
155,010
67,620
7.
72-260-07
BHS Investments
28.39
68
22,139.44
(included
with No.
6)
8.
72-260-05
BHS Investments
6.65
23
6,176.00
47,000
--
9.
72-260-06
McHale
28.49
68
30,703.74
15,300
4,100
213.34--.-,
10.
72-250-01
Easley.
40.00
90
14,651.10
36,020
--
11.
72-260-04
Mallory
.05
1
269.00
7,950
55,180
12.
72-280-14
Dolph
.05
1
269.00
20,000
48,000
13.
72-280-15
McCoy
1.2
1
269.00
3,960
--
14.
72-280-16
Melton
0.4
1
269.00
3,590
28,710
139.11
15.
72-280-36
Combs
1
269.00
4,510
1,650
16.
72-280-47
Weyler
1
269.00
3,590
21,950
17.
72-280-13
BHS Investments
1.6
14
3,760.00
13,520
15,600
18.
72-280-12
Bradley
1.0
2
537.00
21,000
36,000
2
19.
72-290-16
Jorgensen
0.6
1
269.00
5,610
8,900
159.56
20.
72-290-17
Ebert
0.7
2
537.00
4,030
10,120
--
21.
72-280-29
Stephenson
1
269.00
10,200
30,600
22.
72-280-44
Coley
1
269.00
3,590
27,800
23.
72-280-25
Taylor
1
269.00
3,940
4,400
24.
72-290-18
Hanus
2
537.00
5,840
6,180
25.
72-280-55
Fruits
4
1,074.00
7,350
9,190
1 Represents household equivalents. See text regarding assessment spread.
2 Delinquency retired by or before 10/20/82.
AR -1
The report prepared includes geographical and economic background data of a
regional and area character; data on housing occupancy and costs in the Redding
area; data on the labor force and characteristics; area population trends and
projections; employment patterns; description of the District's location,
zoning and utilities; the assessment roll's list of owners, acreage and
assessed valuations; a listing of recent sales of parcels capable of
comparative analysis; a "highest and best use" categorization of the District's
lands, and map -related value estimates; recitation of 10 underlying assumptions
and contingent conditions; the certificate of appraisal in conformance with
professional standards; and further recitation of definitions, qualifications
and experience, and restrictions upon disclosure and use.
The lands in the various suburban residential areas were estimated to range
in market values (October 1982 basis) between $4,000 and $10,000 per acre and
to total $14,650,000. Areas subject to commercial use were estimated to
average $35,000 per acre and to total $5,075,000. The industrial area within
the District was estimated to average $45,000 per acre. Much of this area,
however, has been exempted from District assessments, or is subject to reduced
assessments, so that only a small fraction of the estimated $11,250,000 of
these land values could be considered added to the prior amounts for a
reasonable comparison with the bonded debt of the District.
Tax Delinquency Data
Exhibit A, the table containing the assessment roll and related parcel data,
shows the amount of any June 30, 1982 tax delinquencies by parcel (plus totals)
for the 1981/82 tax levy and, separately, delinquencies for prior years.
Payments of these delinquencies between June 30 and October 19, 1982, and
establishment of a plan with the county are also shown.
Beginning with the 1981/82 fiscal year, Shasta County discontinued levying
taxes on parcels having less than $1,000 net assessed valuation.
The total 1981/82 tax levy in the District was $108,080.00, of which
$10,149.95 (10.64%) was delinquent as of June 30. Of this amount, $3,493.44
was accounted for by one parcel which is subject to the provisions of
Chapter 11 of the Bankruptcy Act.
The data above was obtained from Western Title Insurance Company, Redding,
by visual inspection of County records.
Prior Debt Data
Exhibit A, a table of the assessment roll plus related parcel data, shows
nine of the 196 parcels have prior 1911 Act assessments outstanding, the amount
remaining unpaid until the December 1982 installment, the number of years
remaining to the final maturity, and that one parcel was delinquent in payments
as of October 19, 1982. The data was obtained from Shasta County by Western
Title Insurance Company, Redding.
2-5
UPPER CHURN CREEK SEWER ASSESSMENT DISTRICT
Assessment Roil and Related Parcel Data
1981/82 Assessor's
Asmnt
Assessor's
Total
Total
Assessment
Improve -
No.
Parcel No.
Owner
Acres
H.E. 1
_ Amount
Land
ments
26.
72-280-42
Baird
0.2
1
269.00
8,480
--
27.
72-280-03
Kelley
1
269.00
3,590
12,690
28.
72-280-56
Strughold
0.88
2
537.00
3,590
2,130
29.
72-280-01
Simmons
0.50
0
-0-
--
--
30.
72-290-33
Cherrington
0.30
2
537.00
10,200
40,800
31.
72-290-10
McKean
0.10
1
269.00
--
--
32.
72-290-09
McKean
0.10
1
269.00
4,050
16,100
33.
72-290-08
Maynard
1
269.00
15,000
20,000
34.
72-290-14
Whitacre
1
269.00
13,150
7,980
35.
72-290-20
Cherrington
2.40
8
2,148.00
6,700
25,300
36.
72-290-32
Westlake
2.38
0
-0-
3,880
--
37.
72-290-04
Ebert
2.69
2
537.00
6,740
17,900
38.
72-290-25
Ebert
1.70
2
537.00
4,940
11,580
39.
72-290-34
Tidmore
0.60
0
-0-
850
--
40.
72-290-35
Redding Highlands
2.80
3
976.74
150000
--
41.
72-300-10
Tidmore
1.30
4
1,302.32
9;900
30,950
42.
72-300-11
Tidmore
3.40
10
3,255.80
(included above)
43.
72-300-09
Redding Highlands
4.40
13
4,232.54
30,500
22,000
44.
72-300-07
Tidmore
2.20
3
976.74
3,440
--
45.
72-310-05
Tidmore
0.15
0
-0-
12,240
29,070
46.
72-310-06
Redding Highlands
0.04
0
-0-
--
--
47.
72-310-08
Redding Highlands
17.90
46
14,976.68
107,500
75,000
48.
72-310-04
Staudt
2.20
2
651.16
7,710
1,100
49.
72-540-11
Seymer
9.40
13
4,232.50
41,610
166,460
50.
72-540-12
Martinez
6.40
17
5,534.86
14,850
35,010
1 Represents household
equivalents. See
text regarding
assessment
spread.
Installment plan
for payment has been
instituted.
AR -2
Tax Delinquency
Status
1981/82 Prior
6/30/82 Years
141.27
1911 Act
Bond Liens
Years
to
Amount End
UPPER CHURN CREEK SEWER ASSESSiKENT DISTRICT
Assessment Roll and Related Parcel Data
1981/82 Assessor's Tax Delinquency
Valuations Status
Asmnt Assessor's Total Total Assessment Improve- 1981/82 Prior
No. Parcel No. Owner Acres H.E. Amount Land ments_ 6/30/82 Years
51.
72-320-01
Sterni
19.00
57
9,279.03
32,000
--
52.
72-320-08
Ease Iy
7.20
18
2,930.22
13,050
27,800
53.
72-320-03
Phillips
10.80
31
5,046.49
14,350
50,560
54.
72-320-02
Livengood
3.00
9
1,465.11
8,090
--
55.
72-270-05
Nelson
1.10
9
2,417.00
4,030
--
56.
72-280-31
Combs
0.52
4
1,074.00
2,690
26,440
57.
72-280-40
Combs
0.67
6
1,611.00
1,340
6,760
58.
72-430-05
Gidlund
0.60
5
1,627.90
1,080
--
59.
72-430-06
Ebert
0.80
6
1,953.48
4,030
--
60.
72-430-07
Holub
1.10
9
2,930.22
18,360
42,840
673.00 803.59
61.
72-350-14
Westlake
7.90
22
7,162.76
5,380
--
204.23:3-
04.233-
62.
62.
72-130-03
Boyles
17.82
24
3,906.96
10,370
--
63.
72-140-17
Boyles
8.60
15
2,441.85
9,830
--
64.
72-140-16
Boyles
5.90
12
1,953.48
6,690
--
65.
72-130-04
Duryee
10.00
20
3,255.80
19,970
--
100.00
66.
72-350-13
Cutler
19.20
0
-0-
6,730
--
67.
72-350-12
Johnson
29.60
51
16,604.58
53,140--
4
68.
73-080-02
Keystone
1.00
2
325.58
20,000
--
218.34
69.
73-090-15
Keystone Investments
39.40
91
29,627.28
300,000
--
3,275.10 4
70.
73-090-09
Armour, et. al.
20.90
56
18,232.48
44,560
--
486.46
71.
73-090-10
Armour, et. al.
20.30
60
19,534.80
44,560
--
486.46
72.
73-180-26
Tabler
0.97
1
325.58
17,500
51,500
73.
73-180-25
Blanks
1.84
2
651.16
33,810
--
370.72 669.08
74.
73-180-24
Gallotto
0.52
1
325.58
16,320
56,100
75.
73-180-28
Foley
1.22
3
976.74
18,000
56,500
1 Represents household equivalents. See text regarding assessment spread.
Installment plan for payment has been instituted.
4 Delinquency repayment temporarily Impaired by Chapter 11 Bankruptcy status.
AR -3
1911 Act
Bond Liens
Years
to
Amount End
1,024 2
i
•
UPPER CHURN CREEK SEWER ASSESSMENT DISTRICT
Assessment Roll and Related Parcel Data
1981/82 Assessorfs Tax Delinquency
Valuations Status
Asmnt Assessor's Total Total Assessment Improve- 1981/82 Prior
No. Parcel No. Owner Acres B -,E,,1 Amount Land ments 6/30/82 Years
76.
73-080-01
Schipper
2.00
5
813.95
7,650
11,700
77.
73-090-12
Armour, et. al.
38.30
106
34,511.48
81,280
--
78.
73-090-11
Armour, et. al.
30.70
80
26,046.40
65,140
--
79.
73-090-13
Young
8.22
10
3,255.80
4,410
--
80.
73-180-23
Young
1.36
0
-0-
(included
above)
81.
73-030-07
Westlake
4.70
23
7,488.34
7,870
--
82.
73-030-08
Lopez
1.50
9
2,930.22
2,450
--
83.
73-030-06
Westlake
1.30
8
2,604.64
2,140
--
84.
73-020-11
Ostling
6.15
37
12,046.46
36,250
--
85.
73-020-10
Wolford
4.69
28
9,116.24
(included
above)
86.
73-020-09
Ostling
4.16
11
3,581.38
(included
above)
87.
73-020-07
Gates
2.00
12
3,906.96
10,070
23,860
88.
73-020-06
Wentz
12.50
18
5,860.44
13,260
--
89.
73-020-05
Wentz
5.50
41
13,348.78
5,830
--
90.
73-090-06
Wentz
14.00
46
14,976.68
14,850
--
91.
73-090-07
Wentz
104.10
339
145,600.98
131,290
--
92.
73-090-02
Wentz
40.54
132
48,919.94
63,870
--
93.
73-100-01
Wentz
160.00
521
367,204.49
672,500
100,910
94.
74-090-04
Evans
0.50
4
3,770.32
5,620
5,730
95.
74-090-05
Leong
2.48
12
8,475.92
11,010
187,780
96.
74-090-06
Robertson
1.00
6
4,592.36
5,050
23,530
97.
74-090-08
Hayes
4.80
16
13,663.79
19,470
--
98.
74-090-09
Hayes
0.46
4
1,302.32
2,900
--
99.
74-100-06
Adams
5.00
26
24,073.98
10,080
177,170
100.
74-100-07
Adams
3.10
25
8,139.50
30,300
--
Represents household equivalents. See text regarding assessment spread.
Installment plan for payment has been instituted.
AR -4
887.32
711.12
1911 Act
Bond Liens
Years
to
Amount End
233.10.-3
3-
67.27-----
0
-
67.27
•
•
.L Represents household equivalents. See text regarding assessment spread.
3 Installment plan for payment has been instituted.
,5- Refund agreements representing a potential 243.5 HE's are applicable to the holder of these assessments.
AR -5
UPPER CHURN CREEK SEWER ASSESSVIENT DISTRICT
Assessment
Roll and Related Parcel Data
1911 Act
1981/82 Assessor's
Tax Delinquency Bond Liens
Valuations
Status Years
Asmnt
No.
Assessor's
Parcel No.
Owner
Total
Acres
Total
H.E.
Assessment
Amount
Land
Improve-
dents_
1981/82 Prior to
6 Years Amount End
101.
74-100-16
Lela
0.50
4
1,302.32
5,840
--
296.28
102.
74-100-15
Vangas, Inc.
0.70
6
1,953.48
12,140
32,870
•
103.
74-100-09
Pearson
0.70
6
1,953.48
40,000
60,000
---
104.
74-130-17
Anderson
1.80
14
4,558.12
28,650
27,450
105.
74-130-16
Duryee
0.80
6
1,953.48
5,840
--
106.
74-130-15
Duryee
0.70
6
1,953.48
6,060
1,570
107.
74-130-35
Mitchell
1.13
9
2,930.22
17,650
37,520
693.98 840.54
108.
74-130-38
Harrison
0.50
4
976.74
3,980
21,840
109.
74-130-39
LaManna
1.36
11
3,581.38
100,000
169,000
110.
74-130-33
LaManna
0.52
4
1,302.32
18,220
--
94.78
111.
74-130-02
Collier
0.80
6
1,953.48
8,220
--
89.72
112.
74-130-26
Jones
2.10
11
3,581.38
14,970
--
81.71
113.
74-130-37
Harrison
0.60
5
1,302.32
4,060
--
114.
74-130-36
LaManna
0.40
3
976.74
20,000
--
115.
74-140-03
Collier
0.20
2
651.16
--
--
116.
74-140-02
Levenson
79.40
534
290,786.46
32,250
--
117.
74-240-02
Lee
40.50
65
21,162.70
19,470
--
118.
119.
74-240-01
74-110-11
Melchiors
Eakens 8
Frank
40.50
7.80
78
56
25,395.24
42,704.53
18,390
29,260
--
--
•
120.
74-110-04
Eakens &
Frank
0.90
7
2,279.06
9,110
--
121.
74-110-10
Eakens &
Frank
3.00
24
20,810.69
6,050
--
122.
74-110-05
Atlantic
Richfield
1.10
9
2,930.32
49,060
96,280
123.
74-110-09
Atlantic
Richfield
0.40
3
976.74
14,630
--
124.
74-110-08
Rainey
0.90
7
2,279.06
7,800
--
125.
74-110-07
Eakens $
Frank
1.40
11
3,581.38
12,140
--
.L Represents household equivalents. See text regarding assessment spread.
3 Installment plan for payment has been instituted.
,5- Refund agreements representing a potential 243.5 HE's are applicable to the holder of these assessments.
AR -5
UPPER CHURN CREEK SEWER ASSESSMENT DISTRICT
Assessment Roll and Related Parcel Data
1981/82 Assessor's Tax Delinquency
Asmnt
Assessor's
Total
Total
Assessment
Improve-
1981/82 Prior
No.
Parcel No.
Owner
Acres
H f 1
'Amount
Land
ments
6/30/82 Years
126.
74-260-05
Eakens & Frank
1.00
8---
2,604.64
8,640
--
127.
74-260-04
Eakens $ Frank
1.00
8
2,604.64
8,300
--
128.
74-260-03
Eakens 8 Frank
0.80
6
1,953.48
8,090
--
129.
74-260-02
Eakens 8 Frank
0.80
6
1,953.48
7,620
--
130.
74-260-01
Eakens $ Frank
0.80
6
1,953.48
7,620
--
131.
74-120-05
Shaw
2.50
20
6,511.60
29,220
--
158.12
132.
74-120-04
Chevron U.S.A.
1.00
8
2,604.64
72,060
63,950
133.
74-120-03
Harrison
1.00
8
2,604.64
41,610
10,400
134.
74-120-02
Ochinero
1.00
8
2,604.64
24,300
37,710
135.
74-120-01
State of California
1.00
8
2,604.64
--
--
136.
74-150-1-6
Co1-1-ler
-0-:40
3-
-- 976.74
5,840
--
63.74
137.
74-150-17
Segal
0.30
2
651.16
4,320
--
138.
74-150-18
Segal
0.10
1
325.58
2,810
--
139.
74-150-19
Segal
0.01
0
-0-
(included
above)
140.
74-150-41
Collier
0.02
0
-0-
(included
above)
141.
74-150-44
Collier
0.30
2
651.16
10,240
--
111.78
142.
74-150-45
Segal
0.80
6
1,953.48
(included
above)
143.
74-150-12
Rodriguez
0.60
5
2,098.20
13,310
46,810
144.
74-150-37
Cibula
0.10
1
419.64
(included
above)
145.
74-150-13
Cibula
0.40
3
1,258.92
4,540
--
146.
74-150-11
Sherman
0.20
3
1,258.92
3,810
--
147.
74-150-09
Brockschmidt
0.50
4
1,678.56
14,280
16,320
167.03
148.
74-150-10
Cibula
0.20
2
839.28
2,470
--
149.
74-150-43
Hart
5.22
42
17,624.88
47,610
--
150.
74-150-08
Icardo
0.40
3
1,258.92
9,980
--
1 Represents household equivalents. See text regarding assessment spread.
AR -6
1911 Act
Bond Liens
Years
to
Amount End
•
0
UPPER CHURN CREEK SEWER ASSESSMENT DISTRICT
Assessment Roll and Related Parcel Data
Asmnt Assessor's Total
No. Parcel No. Owner Acres
151.
74-150-07
Icardo
0.50
152.
74-150-06
Icardo
0.50
153.
74-150-05
Icardo
0.50
154.
74-150-04
Icardo
0.50
155.
74-150-03
Icardo
0.50
156.
74-150-02
Icardo
0.40
157.
74-150-01
Icardo
0.50
158.
74-160-07
Levenson
9.20
159.
74-160-08
Levenson
18.81
160.
74-160-03
Levenson
29.70
161.
74-230-05
Dot Bin,
Inc.
0.70
162.
74-230-04
Dot Bin,
Inc.
40.52
163.
74-230-03
Lee
20.20
164.
74-230-02
Tracy
20.20
165.
74-010-02
Eakens &
Frank
155.60
166.
74-180-01
Eakens &
Frank
15.40
167.
74-170-03
Rhoads
15.10
168.
74-180-03
Eakens d
Frank
13.00
169.
74-180-06
Mix
1.40
170.
74-180-05
Husted
1.80
171.
74-180-04
Denison
1.80
172.
74-170-04
Rhoads
50.00
173.
74-180-07
Lefa
2.10
174.
74-180-08
Cluff
34.69
175.
74-220-16
Hopkins
7.55
Total
H.E. 1
4
4
4
4
4
3
4
68
118
199
71
24
37
489
90
121
52
10
5
127
6
83
15
1981/82 Assessor's
Valuations
Assessment Improve -
Amount Land ments
1,678.56
1,678.56
1,678.56
1,678.56
1,678.56
1,258.92
1,678.56
40,953.63
59,696.94
100,675.36
325.58
23,116.18
3,906.96
6,023.23
300,547.74
29,302.20
25,388.22
10,910.64
2,098.20
1,049.10
2,308.02
53,294.28
1,258.92
17,415.06
2,441.85
14,970
10,000
10,000
10,000
10,000
10,000
10,000
10,470
10,810
14,490
2,080
82,190
9,230
9,730
84,440
33,770
12,640
13,490
6,060
6,060
5,050
41,990
20,800
25,370
5,620
1 Represents household equivalents. See text regarding assessment spread.
2 Delinquency retired by or before 10/20/82.
L Delinquent.
AR -7
15,080
15,080
1911 Act
Tax Delinquency Bond Liens
Status Years
1981/82 Prior to
6/30/82 Years Amostnt end
Ll
9,402 10
4,340 10
5,011 10
147.26 95.99 •
36.342
391.70 1,229.73
290.32 1,846 fi 10
UPPER CHURN CREEK SEWER ASSESSMENT DISTRICT
Assessment Roll and Related Parcel Data -
Asmnt
Assessor's
6,630
Total
Total
Assessment
No.
Parcel No.
Owner
Acres
H•E. 1
Amount
176.
74-220-17
Hopkins
1.03
2
325.58
177.
74-220-09
Miller
7.30
14
2,279.06
178.
74-220-11
Perkins
19.69
39
6,348.81
179.
74-220-19
Kelly
0.33
0
-0-
180.
74-220-05
Molina
20.20
40
6,511.60
181.
74-220-21
Stewart
1.35
2
325.58
182.
74-220-14
Perkins
3.65
6
976.74
183.
74-210-04
Kent
9.87
19
3,093.01
184.
74-210-02
Franklin
41.70
80
13,023.20
185.
73-010-02
Parks
2.60
13
4,232.54
186.
73-010-03
Elrite
5.40
30
9,767.40
187.
73-010-06
Farley
51.90
266
86,604.28
188.
66-680-37
Baker
64.56
355
-0-
189.
66-680-33
Baker
21.93
83
27,023.14
190.
66-680-32
Baker
3.30
0
-0-
191.
66-680-31
Baker
42.17
247
-0-
192.
66-680-35
Baker
1.67
10
-0-
193.
66-680-34
Baker
1.33
8
-0-
194.
66-680-36
Baker
1.89
11
-0-
195.
66-680-54
Baker
35.82
133
43,302.14
196.
73-43-01
Ebert
2.90
4
1-342,32
Total
1981/82 Assessor's
Valuations
Improve -
Land ments
830
15,080
6,630
--
31,380
--
61,000
--
25,000
60,000
3,520
53,980
7,530
--
29,380
--
7,200
18,600
8,990
18,000
29,270
--
1,676,200
--
263,000
--
263,000
--
192,700
--
31,400
--
24,900
--
35,500
8,090
--
Tax Delinquency
Status
1981/82 Prior
6/30/82 Years
WKV
1911 Act
Bond Liens
Years
to
Amount End
1,612 10 •
4,887 10
5,011 10
9,575 10
1 Represents household equivalents. See text regarding assessment spread.
Z Total amount of 1981/82 levy delinquent as of June 30, 1982; reduced by $822.66 by October 19, 1982.
Total levy paid as of June 30, 1982 was $97,930.05.
$ Amount delinquent as of June 30, 1982, of which $942.15 was subject to an installment plan for redemption
as of October 19, 1982.
0
0 •
Major District Landowners/Developers
The assessment roll Iists 196 parcels over which the $2,579,167.90 of
assessments is spread. While there are over 155 separate ownerships in the
District, 18 of these owners holding 55 parcels account for approximately 80%
of the total project assessments.
Six landowners have assessments ranging from $25,000 to $50,000, with
assessments totaling nearly $200,000. Four owners fall in the $50,000 to
$100,000 category, with total assessments of about $325,000. One has an
assessment of about $100,000, and two have total assessments between $400,000
and $500,000, and one (Wentz) has total assessments of approximately $595,000.
Mr. Wentz developed a small chain of supermarkets in the Redding
metropolitan area which has been distributed to various other supermarket
operators. During the mid -1960's, Mr. Wentz commenced development of a golf -
course oriented community north of Redding known as Gold Hills. This initial
development, along with surrounding lands, is now being transferred segmentally
to "Rod" Rodriguez, owner of a series of, auto dealerships, and commercial and
industrial properties in the Redding area. Dealerships include Chevrolet -
Mazda, Lincoln-Mercury, Toyota -Volvo, Datsun -Subaru, and other auto -related
outlets. He also owns a large industrial tract near Redding's airport for
which development is planned when sewers become available plus a highly -
regarded 11 -building office complex. The name of the firm that will handle the
development of Gold Hills is Shasta Enterprises.
The Gold Hills project is a planned community for approximately 1,600
dwel I ing units plus commercial and recreational facilities, chief of which is
the 18 -hole golf course. Shasta County has adopted both the specific plan and
the environmental impact reports for the project and approved a tentative map
for the first 566 -unit segment. The developers currently plan to proceed with
a 188 -unit Phase I following availability of the District's system. Sharrah-
Nolte will serve as engineers for this development phase.
The second largest District owner is Norman Levenson of Los Angeles.
Mr. Levenson, who has owned the property for about 15 years, has preliminary
plans for a 143 -acre project involving a shopping center, motels, offices and
residences which would require modification of the current master plan for the
area. Mr. Levenson also assumed the costs otherwise spreadable to a group of
existing residences in the District in return for a refund agreement applicable
to these parcels upon connection at a later date.
A third. large District ownership is referenced as Eakens & Frank on the
assessment roll, Exhibit A. The partners in this holding have heretofore been
active in the area's development only as sole proprietors or with other
partners. Each is reported to have substantial other holdings and development
experience in the area.
Tentative maps have been filed and approved on two other parcels in the
District, for which there are no known current plans for development.
2-6
Redding Housing Supply/Vacancy Characteristics
Redding became designated as a standard metropolitan statistical area for
census data compilation and analysis purposes in the 1980 dicennial count.
Such a designation then qualifies the area for subsequent studies by other
Federal agencies.
The Federal Home Loan Bank of San Francisco prepares housing vacancy surveys
for certain SMSA's in the Eleventh District and did so for Redding in July,
1982. The survey data is collected for urban mail carrier routes under
supervision of local postmasters. The data below represent the vacancy percent
of the total units surveyed. The single family class does not include mobile
homes, which are included in the total class.
Redding Housing Vacancy New Construction Statistics
All Housing
Single Family
Multi Family
* : Percentage
City Building Statistics
Used*
Eew*
Total* Number
PCL
1.9
.5
2.4 158
.6
1.0
.5
1.5 50
.3
5.3
1.0
6.3 108
2.1
The pace of new construction of residential housing in Redding slowed
substantially during 1981 and 1982. During 1976, 1977 and 1978, Redding added
between 800 and 900 new dwelling units each year, of which a total of 955 were
single family units and 1,564 were apartment units. In 1979, the pace of
single family construction picked up from this 32.0 per year average to 420,
but declined to 302 in 1980 and 174 1n 1981. Construction of new apartment
units during this 1979-1981 period declined from the 520 per year average of
the three prior years to approximately 170 per year.
The pace of new construction for business permits for the past three years,
however, maintained the pattern prevailing in Redding since 1976. Additional
building statistics data Is included in Table 10 in the City and Financial Data
section.
Finished Lot Survey
Reddi ng's Board of Realtors prepared a summary of a survey of Redding area
subdivisions having at least seven finished lots available for sale as of
April, 1982. The data are further summarized below.
The report lists 20 subdivisions, of which half had 20 or more lots. The 20
reported a total of 615 remaining improved lots, of which approximately 300
were not available for sale at that time. Of the remaining 315, approximately
175 were not capable of providing Redding's low-cost electric service and 90
2-7
• 0
were designated as in "low-cost areas." Most of the lots available were in the
1/4 to 1/3 acre category, with the remainder either in 1/2 - 1 acre or the
7,000 to 9,000 square feet categories.
Listed prices for 1/4 and 1/3 acre lots appeared to range from $20,000 to
$25,000, except where special amenities such as views, trees or a "river"
designation increased prices to the $30,000 to $42,000 range. Prices for 1/2
acre lots were mostly in the $20,000 to $45,000 range. Acre and over lots
ranged wider in price.
Earthquake Faults and Volcanoes
The Fault Map published by the California Division of Mines and Geology
shows that, in the Redding area, the nearest fault lines along which
displacement has occurred within the last 200 years are both located
approximately 100 miles from the City. North of San Francisco, the San Andreas
Fault runs, generally along the California coastline to the southern boundary
of Humboldt County, where it joins the. Mendocino Fault Zone and proceeds
westward into the Pacific Ocean. The second recently active fault is a three-
mile fragment southeast of Oroville.
There are many fault lines in the mountains about 40 miles east-northeast of
Redding that were active during the Quarternary period covering 200 to
2 million years past, plus one such fault near Battle Creek which begins
approximately 15 miles southeast of Redding and extends 15 miles eastward. .
The seismic safety element of the City's general plan characterizes seismic
risks as not a significant factor in building plans, design and structure. The
maximum earthquake intensity expected to occur in Redding's zone is (Modified
Merchaili) VI or VII (XII maximum) according to the Urban Geology Master Plan
(Bulletin 198) by the State Division of Mines and Geology. Hence, seismic
considerations are mainly a factor only where mandated by state law -- in the
construction of schools and hospitals.
Several volcanoes that have been active during the Quarternary period are
located generally east and southeast of Redding, commencing 20 miles to the
east, and extending to the northeast and southeast. Lassen Park last erupted
over a period of years between 1914 to 1921. Mt. Shasta is also considered a
site of possible future eruptions.
2-8
CITY AND FINANCIAL DATA
City Government -- General
Redding, incorporated in 1887, is a general law city with the council-
manager form of government. Council members are elected at large for staggered
four-year terms, and elect the mayor from its members. The City Clerk and
City Treasurer are also elected for four-year terms, and the City Manager and
City Attorney are appointed by the Council. William H. Brickwood, City
Manager since 1970, appoints department heads and approves hiring of all other
City employees. Previously he was a.businessman and civic leader In Redding.
Present Council members, with their initial year of service and backgrounds,
are listed below:
o Mayor - Barbara A. Gard (1976). Former president of the County Medical
Society Auxiliary, former chairman of the board of Redding Museum and
Art Center, former chairman of the Recreation and Parks Commission,
one of seven AAUW "Women of Achievement" in California in 1976.
o Donald Demsher (1974). High school administrator; former president of
the Board of Trustees of Redding School District, former county chair-
man of the Democratic Party.
o Lee D. Fulton, M.D. (1964). Mayor for 1976 and 1977 and chairman of the
Ways and Means Committee. Physician and assistant clinical professor,
University of California, San Francisco, and Medi -Cal and Blue Shield
consultant; member of County Welfare Advisory and Air Pollution Control
Commission.
o Howard D. Kirkpatrick, C.L.U. (1978). Partner, independent insurance
agency. Former chairman of Enterprise Public Utility District, former
chairman of the joint powers committee that formulated the Redding
Regional Sewer Program; member of the Board of Governors of Memorial
Hospital.
o Archer F. Pugh, LLB (1974). Attorney; former chairman of the Parks and
Recreation Commission, present member of the Power Committee and the
City's representative to the Northern California Power Association and
the Regional Sewer Program.
The Council has seven special advisory commissions or boards: Planning and
Community Development, Civic Arts, Recreation and Parks, Airports, Traffic and
Parking, Senior Citizens, and a Redevelopment Agency.
Redding►s city government provides an unusually comprehensive range of
services for a California community of its size. Basic services include
police, fire, public works (streets, drainage and lighting), building
regulation, animal control, planning and community development, and park and
recreation (including noteworthy civic arts and auditorium elements) plus six
enterprises: power, water, sewerage, waste collection, airports and parking
systems.
3-1
The City operates nearly all of its enterprises on a completely self-
supporting basis, but including depreciation as an operating expense only for
the electric, sewer, and airport categories. The water and sewer systems have
been financed, primarily, by revenue bonds. These enterprise operations
contribute substantially to the general financial strength of the City.
The City maintains an aggressive capital improvements program. During the
1970's, the City spent over $28 million for capital outlays, not including
funds derived from Revenue Sharing, the Community Development Program, or the
Redevelopment Agency. In addition, the City received Federal Economic
Development grants of approximately $3,159,000 for capital outlays plus
Community Development Grants of $1,929,000 and spent $1,850,000 of Revenue
Sharing Funds for capital improvements. An Emergency Drought Relief loan plus
a grant in the amount of $950,000, each, was spent for water system
Improvements. Following are eleven tables presenting data on City assessed
valuations, tax delinquencies, revenues and expenditures, electric utility
rates and collections, assessment district collections, and other aspects of
City finances and operations.
Table 3-1
CITY OF REDDING
Assessed Valuations, Secured Tax Levies and Delinquencies*
Assessed Total City
Fiscal Year Valuation** Secured Tax Levy
Delinquent
Percent
June 30
1981/82
$ 265,007,970
$ 2,073,229
8.398
1980/81
223,513,057
1,823,619
5.32 ***
1979/80
194,086,792
1,584,301
4.29
1978/79
158,982,597
957,083
3.96
1977/78
149,158,972
2,323,937
3.33
1976/77
85,013,908
1,402,175
2.65
Includes Cascade.
Community Services District and Enterprise
Public Utility
District, both annexed to the City in 1976,
and on the tax
roll for the first
time in fiscal year 1977/78.
Sources: Shasta County Office of
Auditor -Controller,
Bank
of America
** Total assessed
valuation for revenue purposes.
Estimated.
3-2
0
Table 3-2
•
CITY OF REDDING
Combined Statement of 1981/82 Appropriations and Expenditures (Unaudited)
Unencumbered
1981/82 1981/82 Encumbrances 1981/82
Appropriation Expenditure June 30, 1982 Balance
General Fund
$16,740,360
$ 15,617,935
$ 235,912
$ 886,513
Special Rev. Funds
2,703,290
1,734,679
82,428
886,183
Debt Service Fund
106,800
106,795
-0-
5
Enterprise Funds
21,192,510
18,614,696
1,268,041
1,309,773
Intragovernmental
1,275,650
1,288,566
3,462
[16,3781
TOTAL
$ 42,018,610
$ 37,362,671
$ 1,589,843
$3,066,096
3-3
Table 3-3 •
CITY OF REDDING
Revenues and Beginning Fund Balances
- 1981/82
1978/79 1979/80 1980/81 (Unaudited)
BEGINNING FUND
EQUITY $
30,306,036
$
31,212,888
$
32,979,308
$
36,136,773
TAXES
Sales........
4,638,834
5,288,198
5,284,617
5,103,794
Property.....
1,101,120
1,761,332
1,923,245
2,265,955
Other (2)....
875,746
945,622
872,611
1,020,486
Total Taxes $
6,6151700
$
7,995,152
$
8,080,473
$
8,390,235
MISCELLANEOUS
REVENUES
Licenses, Fines,
Permits and
Penalties... $
374,306
$
509,093
$
488,790
$
345,487
Charges for
Current
Services....
513,119
991,654
797,049
437,614
Revenue from use
of Money and
Property (3)
594,743
589,373
1,046,239
439,997
Other.........
368,980
306,620
212,783
206,496
Total.......... $
1,851,148
$
2,396,740
$
2,544,861
$
1,429,594
REVENUE FROM
OTHER GOVERN-
MENT AGENCIES
Federal:
Revenue Sharing
632,995
$
787,291
$
965,299
$
1,140,579
Community De-
velopment....
844,447
690,619
1,950,721
695,242
Grants (4)...
6,726,889
Airport -FAA Grant 370,986
Other........
14,765
11,169
437,970
State (5)......
2,548,462
1,314,415
1,696,395
1,399,551
Highway.(6)....
432,874
422,505
419,687
429,903
County (7).....
572,661
611,436
873,559
1,001,015
3-4
Interest (8)....$ 174,719 $ 250,135 $ 132,293 $ 139,667
Total........ $12,318,798 $ 4,076,401 $ 6,0491123 $ 5,243,927
TOTAL........ $ 862,940 $ 1,031,110 $ 1,477,913 $ 1,550,460
ENTERPRISES AND
REVENUE PRO-
DUCING DEPART-
MENTS
Power......... $ 7,395,181 $ 9,215,116 $10,241,585 $10,577,113
Water (9)..... 1,657,681 2,835,271 2,327,430 3,289,117
Sewer (9)..... 1,322,984 1,593,105 1,455,048 1,802,119
Sanitation.... 1,110,613 1,272,340 1,468,341 1,706,030
Airports (10). 210,086 342,459 647,555 1,127,847
Parking....... 155,328 75,856 2401506 204,871
Enterprise
Total...... $11,851,873 $15,334,147 $16,380,465 $18,707,097
Total Pa7enues..$33,500,459 $30,833,550 $34,532,835 $35,321,313
(1) Source: Audited Annual Financial Statements for fiscal years
1978/79 through 1980/81 and the unaudited Annual Budget 1981/82
exclude assessment bond projects and transactions, and trans-
actions of the Redding Redevelopment Agency and the Housing
Authority of the City of Redding.
(2) Includes transient occupancy and business license tax.
(3) Includes only income from city -generated funds and property.
(4) Includes EDA grants.
(5) Includes, primarily, State motor vehicle in -lieu tax, homeowners
business inventory exemption reimbursement, and cigarette tax.
(6) Includes State gas tax apportionment.
(7) Includes County contributions to street, police, recreation and
other programs.
(8) Includes interest earned on Federal revenue sharing, State gas
tax, and County gas tax funds.
(9) Includes interest earnings of revenue bond reserve funds.
(10) Includes only airport fees and miscellaneous revenues generated
by the enterprise.
M1
Table 3-4
CITY OF REDDING
Expenditures and Encumbrances
1981/82
1978/79 1979/80 1980/81 (Unaudited)
GENERAL
GOVERNME3T
$ 901,600
$1,042,385
$ 961,536
$1,288,566
Legislative
$ 17,009
$ 20,867
$ 17,569
$ 20,745
General
Administration
806,430
987,699
1,155,524
1,283,573
Finance
245,222
284,673
295,334
330,521
Other
407,758
508,193
519,493
548,405
Total
1,476,419
1,801,432
1,987,920
2,183,244
PUBLIC SAFETY
780,949
2,035,622
1,163,857
1,229,919
Police
2,236,147
2,574,129
3,229,792
3,636,893
Fire
1,676,827
2,150,556
2,359,906
2,570,558
Other
88,358
124,371
123,153
133,531
Total
4,001,332
4,849,056
5,712,851
6,340,982
PUBLIC WORKS
495,396
1,053,948
864,998
1,024,636
Administration
-
and Engineering
614,898
879,540
823,780
765,054
Streets & Drains
1,777,465
2,248,254
2,901,241
2,652,018
Total
2,392,363
3,127,794
3,725,021
3,417,072
RECREATION AND
CULTURE
Parks
929,644
1,023,935
1,014,023
922,436
Recreation
139,539
190,164
225,931
255,717
Museum
44,841
91,953
110,113
131,159
Auditorium
318,256
368,576
307,665
324,221
Mall
229,159
353,264
251,892
223,423
Special Promotion
40,572
29,501
60,391
97,596
Total
?,702,011
2,077,393
1,970,015
1,954,552
SPECIAL REVENUE
OPERATIONS
Community Dvlpmnt
664,859
762,547
1,716,061
733,182
Revenue Sharing
381,095
1,173,917
575,683
655,602
Other
60,657
63,229
Total
1,045,954
1,936,464
2,352,401
1,452.013
CITY EQUIPMENT
FUND
$ 901,600
$1,042,385
$ 961,536
$1,288,566
ENTERPRISES
Power Operation
and Maintenance
4,252,895
5,472,664
6,520,599
6,385,225
Power Capital
Outlay
9,708,241
6,791,240
2,499,316
4,384,652
Water Operation
and Mainteance
780,949
2,035,622
1,163,857
1,229,919
Water Capital
Outlay
1,028,969
2,454,254
3,871,236
1,217,442
Waste Water
Operation and
Maintenance
495,396
1,053,948
864,998
1,024,636
Waste Water
-
Capital Outlay
509,555
17,128,556
2,100,817
445,229
3-6
Ll
m
Solid waste
Operation and
Maintenance
1,105;859
1,248,437
Solid Waste
Capital Outlay
102,053
104,487
Airport Operation
and Maintenance
104,439
435,094
Airport Capital
Outlay
817,275
896,185
Parking Operation
and Maintenance
122,523
42,463
Total
19,028,154
37,662,952
Enterprises
DEBT SERVICE
Fire
6,128
0
Water
216,184
255,254
Sewer
446,250
403,312
Auditorium
102,795
105,895
Electric
340,744
227,163
Airport
0
0
Total
1,112,101
991,624
TOTAL
EXPENDITURES
Other
Adjustments (2)
ENDING FUND
EQUITY -(1)
•
1,493,883 -1,753,233
372,698 66,450
458,996 371,230
3,075,397 1,416,217
198,211185,071
22,620,008 18,479,304
0
806,276
392,117
103,895
1,111,263
0
2,413,551
0
751,507
391,688
106,795
961,813
35,140
2,246,943
$31,659,934 $53,489,100 $41,743,303 $37,362,676
933,673] 29,421,970(3) 10,367,933 8,351,632
31,212,888 32,979,308 36,136,773 42,447,042
(1) Data include operations of the City Manager, City Clerk, City
Attorney, Personnel, Planning, and Building Regulation.
(2) Data include increases (or decreases ),in inter -fund transfers
and capitalization of property plant equipment and depreciation.
(3) Capitalization of regional wastewater treatment plant and elec-
tric bond construction recorded as a capital project expenditure
fund and not reported in the waste water utility fund and elec-
tric utility fund.
3-7
ANIL
Table 3-5
CITY OF REDDING
Statement of General Fund Revenues and Transfers
Estimated vs. Actual 1981/82
(Unaudited)
Estimated
Revenue
Actual
Revenue
Over
(Under)
TAXES
Property Taxes ...................
$
2,053,000
$
2,265,955
$
212,955
Sales Tax ........................
5,600,000
5,103,794
[496,206)
Transient Occupancy Tax..........
626,500
643,575
17,075
Business License .................
120,000
123,614
3,614
Property Transfer Tax............
160,000
30,244
[129,7561
Parking and Business Improvement.
80,000
74,263
[5,7371
Franchises...... ...............
146,000
147,706
1,706
Other Taxes ......................
1,600
1,084
[5161
Total Taxes .................
$
8,787,100
$
8,390,235
$
[396,8651
FINES, FORFEITS AND PENALTIES....
$
248,000
$
204,141
$
[43,8591
LICENSES AND PERMITS
Building Permits .................
$
180,000
$
91,553
$
[88,4471
Plumbing Permits .................
18,000
6,704
[11,2961
Electrical Permits ...............
22,000
14,962
[7,0381
Animal Licenses ..................
23,000
23,255
255
Other Licenses and Permits.......
6,600
4,872
[1,7281
Total Licenses and Permits
$
249,600
$
141,346
$
[108,2541
REVENUE FROM THE USE OF MONEY AND
PROPERTY
Interest Income ..................
$
100,000
$
332,320
$
232,320
Auditorium .......................
95,000
97,590
2,590
Real Estate Rentals
4,600
10,087
5,487
Total Revenue from the Use
of Money and Property
$
199,600
$
439,997
$
240,397
REVENUE FROM OTHER AGENCIES
Federal Street Projects........
$
336,900
$
430,437
$
93,537
National Trust.........
1,230
7,533
6,283
State Motor Vehicle in Lieu
Tax ..................
890,000
504,956
[385,0441
Homeowner Property
Tax Relief...........
120,000
117,794
[2,2061
Cigarette Tax..........
230,000
205,784
[24,2661.
Business Inventory
Property Tax Relief..
116,500
99,255
[17,2451
Mandated Programs......
6,000
54,887
48,887
Park Bond Funds........
188,490
70,965
[117,5251
Alcoholic Beverage
License .............
50,000
[50,0001
Trailer Coach in Lieu
Tax .................
48,000
19,620
[28,380.1
Aid to Local Agencies..
96,000
[96,0001
P.O.S.T. Program.......
10,000
11,751
[1,7511
Other" ..................
207,210
255,584
48,374
County Fire District..........
35,000
35,000
Fire Response..........
1,000
5,268
4,268
REVENUE FROM OTHER AGENCIES
(continued)
County Emergency Medical
Dispatch.......
Total Revenue from Other
Agencies
CHARGES FOR OTHER SERVICES
Refuse Collection Charges...
Building Plan Checking Fees.
Land Use Permit Zoning......
Engineering Inspection Fees.
Swimming Pool Receipts......
Animal Shelter Fees.........
Street Cleaning Fees........
Other Recreation Revenue....
Other Service Charges.......
Total Charges for Other
Services
OTHER REVENUES
Sale of Property...........
Mall Contribution..........
Workmen's Compensation Ins.
Miscellaneous Receipts.....
Total Other Revenues
Total Revenues
Transfers ..................
Total Revenue and
Transfers....... .....
•
Estimated Actual Over
Revenue Revenue (under)
10,000
2,190
[6,810]
$ 2,346,350
$
1,821,974
$
[524,376]
$ 11800,000
$
1,706,030
$
[93,970]
20,000
25,323
5,323
30,000
28,703
[1,297]
40,000
9,396
[30,604]
23,000
27,492
4,492
10,000
10,595
595
6,000
5,960
1401
44,400
38,512
[5,888]
18,300
13,624
[4,676]
$ 1,991,700
$
1,865,635
$
[126,065]
$ 20,000
$
41,667
$
21,667
34,000
31,110
[2,890]
20,000
31,445
11,445
35,000
102,186
67,186
$ 109,000
$
206,408
$
97,408
$13,931,350
$13,069,7364
$
[861,614]
3-9
$15,468,988
UTILITY SYSTEM RATES AND COLLECTION
Over the past decade, Redding's rates for electricity have run about half,
or less, those charged by P.G.&E., the other supplier in the region. For
example, a February, 1982, survey by the California Energy Commission reported
residential kilowatt-hour costs of 2.2 cents for Redding, compared with 5.4
cents for P.G.&E., 6.5 and 6.6 cents for Los Angeles P.U.D. and Southern
California Edison, respectively, and 9.7 cents for San Diego Gas and Electric.
In recent years, rates for electricity of both local suppliers have been
subject to periodic and rather frequent increases, so that it is uncertain
whether that ratio will continue to be maintained in the future. The current
cost advantage is sufficiently large, however, that at worst, maintenance of a
substantially favorable advantage can be expected to prevail for a considerable
number of years.
Table 3-6 shows the current system of rates and charges for four services in
the City: electricity, water, sewer and garbage collection. The rate
schedules shown are complete except for. the electric system, where special
rates may apply based on special requirements or load characteristics of large
commercial or industrial users.
Table 3-7 shows the City's collection experience during the past 10 years
for its utility systems. Redding sends each customer one composite computer -
prepared bill for all four services. Any delinquencies in payments, therefore,
are allocated on a pro -rata basis to each service. Each bill is payable within
15 days and is marked delinquent if unpaid within 30 days. Thereafter, the
City has a variety of procedures which correspond to a system of credit ratings
assigned to the customer's payment' history that determine which collection
procedures are followed to secure payment.
Table 3-7
CiTY OF REDDING
Utility System Collection Record
Fiscal
Year
Total
Billings
Uncollectible
Amount
Percent
1981/82
$ 15,467,922
$ 135,219
.8741%
1980/81
14,231,052
105,005
.7378
1979/80
13,324,925
105,076
.7885
1978/79
10,632,045
63,080
.5933
1977/78
7,947,459
60,174
.7571
1976/77
5,614,213
45,726
.8144
1975/76
4,578,389
49,996
1.0920
1974/75
3,874,404
34,510
.8907
1973/74
3,612,306
33,668
.9320
1972/73
3,611,045
28,519
.7898
3-10
•
Table 3-6
CITY OF REDDING
Municipal Utilities Rates
Minimum or
Flat Monthly
Charge
ELECTRIC SERVICE (7/1/78)*
4.00
Residential.....................
$ .85
All KWH per KWH..............
General Service : Demand Meter..
2.00
Non -Demand Meter ..............
1.15
First 5,000 KWH...............
.037
Next 15,000 KWH...............
.033
Next 4,000 KWH.................
.021
All over 24,000 KWH...........
.016
Demandcharge: .................
Per KW demand over 50 KW and
use exceeds 24,000 KWH........
1.00
Fixed Rate Service ...............
4.63 and .053/KWH
Estimated Usage per KWH........
4.00
Street Lighting ..................
100 Watts ......................
7.15
150 Watts ......................
7.45
175 Watts ......................
7.75
250 Watts ......................
8.70
400 Watts ......................
9.70
1,000 Watts ......................
13.60
1,500 Watts ......................
18.60
WATER SERVICE (4/l/77)*
First 500 cf...
4.00
Next 3,000 cf, per 100 cf.......
Next 6,500 cf, per 100 cf.......
Over 10,000 cf, per 100 cf.......
SANITARY SEWER SERVICE (7/1/77)*
Residential - Single: ............
7.00
Nonresidential ...................
variable, based on volume
andstrength.. ................
GARGAGE AND REFUSE DISPOSAL
SERVICE (8/3/70)*
Residential ......................
4.00
Additional Containers,Per unit...
1.50
Nonresidential ...................
4.00
Quantity Charge based on cost
ofService ......................
*Effective date of the rate structure.
Source: City of Redding
3-11
Quantity
Charge
.020
.040
.45
.30
.18
Multi: 4.20
Variable
*Figures include both City—collected 1911 Act bonds and
County—collected 1915 Act bonds.
Source:
(1) City of Redding Financial Report
(a) State Controller's Report of California Cities
(3) Unavailable
Ratio of
Collections to
Amount Due
109.2
100.1
78.8
91.2
107.1
99.5
90.3
99.4
97.1
113.7
Total
Outstanding
Assessments(2)
$2,151,953
1,919,383
1,633,714
1,794,949
1,643,915
1,430,126
1,627,661
2,101,942
2,227,111
4,646,812
•
CITY
OF REDDING
SPECIAL ASSESSMENT
COLLECTIONS
LAST TEN
FISCAL YEARS
Current
Current
'
Assessments
Assessments
Fiscal Year
Due(1)
Collected(1J
1971-1972
$ 329,563
$ 359,871
1972-1973
391,285
391,755
1973-1974
405,852
320,091
1974-1975
313,741
286,078
1975-1976
329,438
352,910
1976-1977
323,649
322,144
1977-1978
489,239
441,831
1978-1979
453,546
450,784
1979-1980
389,071
377,934
1980-1981
335,657
381,652
*Figures include both City—collected 1911 Act bonds and
County—collected 1915 Act bonds.
Source:
(1) City of Redding Financial Report
(a) State Controller's Report of California Cities
(3) Unavailable
Ratio of
Collections to
Amount Due
109.2
100.1
78.8
91.2
107.1
99.5
90.3
99.4
97.1
113.7
Total
Outstanding
Assessments(2)
$2,151,953
1,919,383
1,633,714
1,794,949
1,643,915
1,430,126
1,627,661
2,101,942
2,227,111
4,646,812
•
w
i
w
CITY OF REDDING
RATIO OF NET GENERAL BONDED DEBT
TO ASSESSED VALUE OF NET BONDED DEBT PER CAPITA
LAST TEN FISCAL YEARS
* Redding pays for all general obligation bonded debt from net revenues of the respective
enterprises for which the debt was issued. Redding's ratio of debt service to general
expenditures during the past decade has ranged from a low of 3.48% in 1975/76 to a high
of 7.50% in 1980/81. Net revenue coverage of the City's outstanding revenue bond service
in -1980/81 was 4.1 for its sewer bonds and 1.7 for its water bonds.
(1) State of California Departrrent of Finance
(2) State Controller's Retort of California Cities
(3) City of Redding Finazrcial P.eport
•
0
Ratio of Net.
Bonded Debt
Net Bonded
Fiscal Year
Population (1)
Assessed Value
(2) Gross (3)
Bonded Debt Service
Less Debt (3)
Fund
Net (3)
Bond Debt Assessed
to
Value
Debt Per
Capita
1971-1972
17,705
$ 43,692,637
$ 4,069,000
-0- $
4,069,000
09.31%
$229.82
1972-1973
17,705
46,676,976
3,957,000
-0-
3,957,000
08.47
223.50
19.73-1974
34,979
47,146,809
3,835,000
-0-
3,835,000
08.13
109.64
1974-1975
34,979
53,004,085
3,712,000
-0-
3,712,000
07.00
106.12
1975-1976
34,979
61,754,885
3,584,000
-0-
3,584,000
05.80
102.46
1976-1977
36,905
74,128,010
10,614,000
-0-
10,614,000
14.31
287.60
1977-1978
39,850
131,275,918
10,086,000
-0-
10,086,000
07.68
253.10
1978-1979
40,692
157,328,141
9,867,000
-0-
9,867,000
06.27
242.48
1979-1980
40,692
192,385,792
15,393,600
-0-
15,393,600
08.00
378.30
1980-1981
42,805
223,931,002
15,366,283
-0-
15,366,283
06.85
358.98
* Redding pays for all general obligation bonded debt from net revenues of the respective
enterprises for which the debt was issued. Redding's ratio of debt service to general
expenditures during the past decade has ranged from a low of 3.48% in 1975/76 to a high
of 7.50% in 1980/81. Net revenue coverage of the City's outstanding revenue bond service
in -1980/81 was 4.1 for its sewer bonds and 1.7 for its water bonds.
(1) State of California Departrrent of Finance
(2) State Controller's Retort of California Cities
(3) City of Redding Finazrcial P.eport
•
0
■,----, v----
1972-1973
1973-1974
1974-1975
1975-1976
1975-1976
1976-1977
1977-1978
1978-1979
1979-1980
1980-1981
CITY OF REDDING
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
LAST TEN FISCAL YEARS
Commercial
ConStruction(i
Number
of
Permits
Value
25
$ 2,511,321
42
7,982,453
32
6,920,441
34
10,676,072
59
7,943,271
57
7,709,592
60
9,655,555
80
13,312,547
50
14,869,000
35
8,260,363
Residential
Construction(]
Number
of
Permits
Value
250
$ 2,661,983
279
3,970,236
210
4,270,576
249
5,136,690
246
8,406,293
811
20,244,738
802
26,276,478
906
26,955,788
565
28,506,166
331
21,332,944
Scarce:
(1) Citic of Rcadinn Plannin? Department
(2) State La)1^: i ,�:: ociation, 1971 through 197G not available.
(3) State Report Cities: of California, 1974 not available
Bank(2)
Deposits
(In
Thousands
$ -0-
-0-
-0-
236,266
261,630
403,472
490,251
541,731
State
Assessed
$ 4,746,790
5,165,650
5,298,460
5,489,920
6,237,970
9,775,030
10,580,710
11,665,860
13,986,090
Property Value(
Locally
Assessed
S 44,572,002
47,396,716.
58,650,147
68,931,860
81,952,009
144,493,155
172,086,836
208,580,947
230,331 ,687
Non-taxabl
S 5,626,155
5,885,390
10,944,522
12,716,895
14,061,969
22,992,267
25,339,405
27,361,015
20,3£6,775
01
9
•
0 0
CHARACTERISTICS OF THE REDDING AREA
Geography—Climate
Redding is located at the northern tip of the Central Valley in the
early foothills of the mountain rim that surrounds the City on the west,
north and east, giving the area's setting both form and geographical
distinction. They City straddles the Sacramento River, whose waters are
controlled by Shasta and Keswick Dams, which are less than 15 and 30
minutes drive from town.
Summer temperatures rise above 100 degrees an average of 39 days per
year, usually with relatively low humidity. Winter temperatures fall
below freezing an average of 27 days per year. Average annual
precipitation is 39 inches, occurring during an average of 80 days per
year. Snowfalls are infrequent, seldom lasting more than 24 hours. Winds
over 16 mph occur only five percent of the time. Clear weather
predominates over 200 days and usual visibility is 50 to 100 miles.
Population
Present city population is estimated at 43,000 (38.5" of Shasta
County), with 1980 census characteristics as follows: median age — 30.2;
56% married and only 7% in non—family households; the mean household size
was 2.46 and over 53% of al 1 households were owner—occupied; the race—
ethnicity composition was 94% White, 3% Spanish, 2% Asian and 1% all
other. Projected area population is 112,000 by 2000.
Economic Base
Over the past 20 years, Redding's economic base has evolved from
domination by resource extraction and processing, primarily lumber, to a
regional services economy. The area's largest employment categories and
approximate proportions now are: government 21%, trade 20%, "other"
(primarily self—employed) 16%, services 15%, and manufacturing 11%. Lum—
ber industry emp1oyment was only 7% of the total in 1978, the highest
recent year percentage.
The recreation industry has grown rapidly in recent years. The
region's attractions and the impact of Interstate 5 have combined so that
Redding now has over 2,550 motel rooms (a per capita rate 84% higher than
San Francisco and nearly as high as Honolulu).
As a retailing center, Redding's 1981 sales accounted for about 86% of
the County's total in drugs, 88% of apparel, 75% of building materials and
67% of auto. Taxable sales in the City were up 83% between 1976 and 1981.
Redding also serves as the major medical center for a 5—County region,
with three general care hospitals having 406 beds and staffed by 1,075
full—time and 470 part—time employees. A 50—bed expansion of the largest
hospital is planned within the next three years. In a 1976 study,
Redding's ratio of medical specialists to its population was 1 to 210,
only slightly behind those in the nation's two highest cities (San
Francisco— 1 to 190, and Denver— 1 to 208), versus Cleveland's 1 to 877-
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Growth Pattern
Much of Redding's population growth in recent years stems from the
migration of former San Francisco Bay Area and Southern California
residents who seek a more rural lifestyle. A recent survey of such
migrants by the University of California showed 15% having advanced
degrees, and over two—thirds having attended some college. Many such
migrants have opted for lower—paying part—time, seasonal or alternate
occupations, in order to pursue personal and avocational interests. The
Redding Employment Development Department processes an average 750 new
work applications per month and maintains an active applicant file of over
5,000 persons seeking employment in the area.
Factors which tend to encourage in—migration include: low residential
area densities and nearby open spaces; clean air; lower cost of living,
especially for housing; a sense of community fostered by well—established
social and fraternal organizations and relatively excellent educational
and cultural facilities; excellent local urban area recreational
facilities plus daily access to summertime fishing and boating activities
and hunting and fishing in winter (typically, 10 minutes from work to the
Sacramento River and ski areas within 90 minutes); and finally, the
availability of the combination of'a sufficient number of well—paying
seasonal or interim forms of employment plus sufficient unemployment
compensation to make such a lifestyle attractive.
Recreation
The Redding region abounds in major recreational attractions that now
generate an estimated $48 million in annual revenues within Shasta County.
Major facilities within 50 miles of the City include:
Lake Shasta: Covers 29,580 acres, with 364 miles of shoreline.
Shasta—Trinity National Forest: Covers 1,685,000 acres, of which
564,000 have National Recreation Area status and surround Shasta and
Whiskeytown Lakes.
Lassen National Forest and Volcanic National Park: Covers 1,275,000
acres, of which 106,000 are in the Park.
Whiskeytown Lake: covers 3,200 acres with 36 miles of shoreline.
Castle Crags State Park: Covers 6,200 acres. Noted for Indian Lore.
McArthur—Burney Falls State Park: Covers 565 acres. Annual visitors
to the falls are estimated at -185,000.
Sacramento River: Excellent salmon, trout and steelhead fishing.
Other cultural and recreational facilities include an oustanding Civic
Auditorium and Convention Center (2,082 seating), the Redding Museum and
Art Center and 13 theaters, a Community Concert Association, the Shasta
Symphony Orchestra, the Shasta Community Theater, Shasta Community
college, plus an assortment of radio stations (5), TV channels ( 2 direct
plus one educational station and cable service), airports (3), and four
newspapers.
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The City owns and maintains 1,584 acres of parks which include two
regional parks, three community parks and 14 neighborhood parks. City
recreational facilities include six baseball fields, 14 lighted tennis
courts, two boat launching facilities and numerous picnic facilities.
Redding has three 9—hole and two miniature golf courses and one private 18
hole golf course adjacent to the city.
Unemployment
During the decade from 1972 through 1981, Shasta County's average
annual civilian labor force increased from 33,900 to 50,450, or 49
percent. The average annual number of unemployed during the same period
increased from 3,250 (9.6%) to 6,500 (12.9%), with a peak rate during that
period of 15% in 1975 (compared with state and national rates,
respectively, of 9.9% and 8.50). From 1973 on, the average unemployment
rate in Redding has been above 11%, which then was more than 50% higher
than the state average and more than twice the national average, and
remained close to those ratios throughout the decade. This same heavy in—
migration rate/high unemployment rate phenomenon was experienced by all
northern and northeastern California counties during the entire decade.
In 1981 and 1982, the pace of employment growth in the region slowed
dramatically, aided by high interest rates, the general scarcity of loan—
able funds, the substantial declines in the lumber and housing industries,
and general unused capacity in the industrial sectors of the economy. As
a result, the rate of unemployment also increased dramatically to a peak
of 19.4% in December, and a peak of 20.5% in February among reported data
for 1982, or a rate somewhat over twice the state and national averages.
The latest announced rate, for August, was 16.4%.
Industrial—Commercial Development Programs
Redding has a very vigorous industrial development program spearheaded
by the Economic Development Corporation of Shasta County (EDC), which is
complemented by activities of Redding's Private Industry Council, the
Redding Area Development Committee, the Superior California Development
Council, and other agencies. EDC has developed and packaged over
$50,000,000 of projects in the past decade. One, Mountain Lakes Indus—
trial Park, is considered a model for such projects in rural communities
all over the country. The Park now contains over 60 firms employing over
1,200. A March 1982 report prepared by SRI International for RADCO
indicates that the Redding Area may have substantial opportunities in
attracting plastics manufacturers and aluminum foundry firms.
The second major aspect of the area's industrial program is an aggres—
sive training program at Shasta College which is supplemented by extension
and external degree courses given by California State University, Chico.
Redding also has a Private Industry Council, which serves in an advisory
and coordinating capacity with the County—administered CETA training pro—
gram, which has a $1.5 million budget for fiscal 1983. This program has
used a combination of work experience, classroom training, and other on—
the—job training plus job search training activities for various partici—
pants who have had a 45 percent permanent retention rate. The program is
designed, mainly, for those who have.not had previous work experience
after finishing school.
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Products manufactured in the Redding area range from sophisticated
electronics equipment, scanning electron microscopes, and laser equipment
to hair care products, recreational equipment and wood products.
The most recent EDC—assisted project is a large warehouse—distribution
center for W. W. Grainger, Inc., Chicago, now nearing completion. The
company distributes a broad line of industrial material, with special
emphasis on electric motors, fans, blowers, pumps and tools. The company
is also completing a 1,400,000 sq. ft. fully automated regional center in
Kansas City as part of an expansion program aimed at improving its service
capabilities during the next growth cycle. The Redding plant has been
built to attractive standards, but with a temporary rear wall for accommo—
dating
ccommo—
dating a planned expansion within three to f i ve years, in keeping with
their general pattern of experience. An attractive feature of its, plant
to the City i s a reputation as a magnet for attracting other operations.
An important factor in Gra i nger's selection of Redding for its plant is
the City's nearly mid—point location (about 600 miles) between Los Angeles
and Seattle. Truck freight out of Redding can beat shipments out of Los
Angeles or San Francisco terminals to midwest and east coast points in
some cases by two days. There are eight truck terminals in Redding and
environs.
A December 6 ground breaking ceremony has been tentatively chosen by
American Resources Equity Corp. for construction of a $20,000,000
diatomite processing plant near Burney, about 40 miles east of Redding.
The company is already del i ver i ng part of 58,000 tons sold for use by the
Calaveras Cement Co. plant operated by Genstar Corp. near Redding. The
company also announced plans for establishing its.headquarters offices
in Redding, where 25 are anticipated to be employed. Amerco expects to
process 60,000 tons of diatomite per year at the plant where it will
employ, initially, 55. Diatomite has approximately 700 commercial uses,
of which a principal item is the manufacture of wallboard, for which
Redding is anticipating development of two, or possibly three, new plants.
Diatomite is also used extensively as a substitute for asbestos.
Redding is also becoming a regional service center for professional,
governmental, and other business service f i rms serving a broad area in
Oregon and Northern California. Largest of these is a national
engineering and planning firm, CH2M Hill, of which Clair Hill & Associates
was a locally generated segment.
Two new projects in their final stages in Redding include a new
regional service center for the California State Automobile Association,
and a recently opened locally—owned Redding Bank of Commerce.
Redding is also one of 15 communities contesting for the location of a
new U.S. Treasury currency printing plant esti mated to employ over 100
when completed.
Redding is one of the few areas in California where good housing is
still available at comparatively reasonable prices. The median price
range for the average three—bedroom, two—bath, double garage, air condi—
tioned home is $73,000, and land for country living ranges in price from
$2,500 to $6,000 per acre, depending upon improvements and amenities.
Unfurnished 2—bedroom apartments average about $300-
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