Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
Reso. 78-138 - Approving Official Statement, North Bonnyview Area Sewer Assessment District No. 1978-1, City of Redding, Shasta County, California
• • • RESOLUTION NO. 'g-1 _ RESOLUTION APPROVING OFFICIAL STATEMENT, NORTH BONNYVIEW AREA SEWER ASSESSMENT DISTRICT NO. 1978-1 , CITY OF REDDING, SHASTA COUNTY , CALIFORNIA The City Council of the City of Redding resolves : • 1 . An Official Statement containing material information concerning the proposed bond issue, the proposed improvement, the assessment district and financial information about the City has been prepared for the City . This Council approves the Official Statement. 2 . The Council sets 2: 00 P.M. on the 18th day of September , 1978, in the office of the City Clerk, as the time and place for the receipt of bids for the purchase of improvement bonds in North Bonnyview Area Sewer Assessment District No. 1978-1 . 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 with- in the City . 3 . STURGIS , NESS & BRUNSELL, Special Bond Counsel for the City, was 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 . Olc -1- • GRIMM 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 21st day of August , 1978 , by the following vote , to wit: • AYES : Councilmembers Fulton, Gard, and Demsher NOES: Councilmembers None ABSENT: Councilmembers Kirkpatrick and Pugh MILDRED L. BRAYTON, City Clerk , City of Redding , Shasta County, California /,/.; . / i A. K 2/ 2_r, • • 2 • NOTICE INVITING BIDS ON IMPROVEMENT BONDS NORTH BONNYVIEW AREA SEWER ASSESSMENT DISTRICT NO. 1978-1, CITY OF REDDING, • SHASTA COUNTY, CALIFORNIA Notice is hereby given that the City Clerk of the City of Redding will receive sealed bids for the purchase of bonds to be issued by the City of Redding for North Bonnyview Area Sewer Assessment District No. 1978-1 . Bids must be submitted not later than 2 : 00 o' clock P .M. on Monday, Sep- tember 18, 1978 , in the office of the City Clerk, City of Redding, 760 Parkview Avenue, Redding, California . The bids will be publicly opened, examined and declared then and there, and will be referred to the City Council for consideration at its meeting on the same day. THE BONDS 1 . PURPOSE OF ISSUE . The bonds are being issued for the purpose of financing the construction of sanitary sewer lines and appurtenances along streets in the assessment district, including the acquisition of any necessary ease- ments or rights of way. 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. 78-46 adopted by the • City Council on March 6 , 1978 . 3 . AMOUNT OF 'ISSUE . The total amount of bonds to be issued for this assessment district is $448 , 607 . 15 . This is subject to revision on the basis of construction bids received. 4 . DATE OF BONDS . The bonds will be dated November 2, 1978 . 1 • . S 5 . DENOMINATIONS AND MATURITY SCHEDULE . The bonds will mature over a period of fifteen years . The following maturity schedule is a sample maturity schedule based on the estimated cost of the ' project and will be used for purposes of computing the lowest bid . • YEAR OF BOND DENOM- YEARLY COUPON • • MATURITY NUMBERS INATION AMOUNT RATE 1980 1 $1 , 607. 15 $3 , 607. 15 8 . 000% 2- 3 1000 1981 4- 7 1000 19 , 000. 00 8. 000€ 8- 10 5000 1982 11- 15 1000 20, 000. 00 8. 000% 16- 18 5000 1983 19 1000 21 , 000. 00 8. 000% • 20- 23 5000 1984 24- 26 1000 23 , 000. 00 8 . 000% 27- 30 5000 1985 31- 35 1000 25 , 000. 00 8. 000% 36- 39 5000 1986 40- 41 1000 27 , 000. 00 8. 000% 42- 46 5000 1987 47- 50 1000 29 , 000. 00 8. 000% 51- 55 5000 1988 56 1000 31 , 000 . 00 8 . 000% 57- 62 5000 • 1989 63- 66 1000 34 , 000. 00 8. 000% 67- 72 5000 1990 73- 74 1000 37 , 000. 00 8. 000% 75- 81 5000 1991 82- 86 1000 40, 000. 00 8. 000% 87- 93 5000 • 1992 94- 96 1000 43 , 000. 00 8. 000% 97-104 5000 1993 105 1000 46, 000. 00 8 . 000% 106-114 5000 1994 115-119 1000 50, 000. 00 8. 000% 120-128 5000 . 2 TOTAL: $448 , 607. 15 • 6 . INTEREST. Each bond will bear interest from its date at a rate not to exceed eight percent ( 8%) 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 , 1980 , 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 bonds . 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 & Savings Association, Corporate Agency Division, Bank of America Center , P .O. Box 37000 , San Francisco, Ca . 94137 . 8 . BEARER BONDS . The bonds will be issued as negotiable _ instruments payable to bearer . Unless thereafter regis- tered, title to each bond may be passed by physical delivery. 9 . ADVANCEMENT OF MATURITY . The issuer at its option may advance the maturity of any bond to the next interest pay- ment date following the publication of a sixty-day notice of call . Upon call, the bondholder shall receive interest to the date of call, the principal of the bond and a re- demption premium in the amount of five per cent of the prin- cipal . 10 . LIMITED OBLIGATION . Bonds issued under the provisions • of the Improvement Bond Act of 1915 of the State of Calif- ornia are limited obligation bonds . These bonds are not a general obligation of the issuer and the full faith and credit of the issuer is -not pledged to the payment of either principal or interest of the bonds . The obligation of the issuer to employ its general taxing power is strictly limited by the specific provisions of the Improvement Bond Act of 1915 as generally described in the following para- graphs. • • • • 11 . SECURITY : Installments of the principal and interest of special assessments levied upon the land within the assessment district are collected with real property taxes as a separately stated item on the tax rolls . These install- ments are deposited in a bond redemption fund, which consti- tutes a trust fund, from which maturing bonds and interest coupons are paid . The unpaid special assessment constitutes a lien on each parcel of assessed land . The lien is subordinate to all unpaid fixed special assessments previously levied, has priority over any fixed special assessments which may subsequently be levied, and has parity with the lien for taxes. There are no unpaid fixed special assessments against any land • in North Bonnyview Area Sewer Assessment District No. 1978-1 . If any property owner fails to pay the installment of special assessments when due, the property is sold in the same manner as a sale for delinquency on the payment of taxes . (As a cumu- lative remedy the issuer may obtain a judicial foreclosure of the property. 12. ADDITIONAL SECURITY. Under the provisions of the Improve- ment Bond Act of 1915, any real property on which the owners have failed to pay assessment installments as they fall due is sold for delinquencies in the same manner as real property is sold for delinquent taxes . The city becomes the purchaser at the delinquency sale and is required to deposit the amount of the assessment de- linquency in the redemption fund out of available funds in the city treasury. (Caveat: In the opinion of counsel , Section 8809 of the Streets and Highways Code , providing for the levy of an ad valorem tax to provide funds for payment into the redemption fund , has been repealed by implication by Chapter 292 , Statutes of 1978 . There- fore, no investor should rely on either the authority or the -duty of the city to levy an ad valorem tax to provide "available funds" . ) . 4 • • • • The lack of available funds may result in temporary non-payment . of bonds and interest coupons . In that event the City Trea- surer may register matured but unpaid bonds and coupons , and they will draw interest at the bond rate from their due date until payment , without compounding. '13 . LEGAL OPINION. The legal opinion of Sturgis , Ness & Brunsell a professional corporation, Suite 1150 , Watergate Tower, 1900 Powell Street, Emeryville , California 94608 , approving the validity of the bond issue will be furnished without charge to the successful bidder . This law firm has been retained by the issuer as bond counsel on a con- tingent 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 and character shall have been declared tax- able under any federal income tax law, whether by statu- • tory change, by ruling of a federal income tax authority or official (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 . NO LITIGATION: There is no pending litigation contest- ing the validity of the bonds or the authority of the • • • . • • issuer or its officers to conduct the special assessment pro- , ceedings precedent to the issuance of the bonds . A signature and no-litigation certificate will be furnished to the success- ful bidder at the time of bond delivery. 16 . 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 . 17 . REGISTRATION. Any bond may be registered as to both principal and interest . Any registered bond may be trans- ferred, deregistered, or reregistered at the expense of the bondholder. 18 . RATING. The issuer has not sought to obtain a rating for this issue from any bond rating agency. 19 . OFFICIAL STATEMENT. An Official Statement, containing material information about the bond issuer, the project and the financial condition of the issuer, has been prepared at the direction of the issuer and has been approved by the City Council . The Official Statement is a part of this Notice Inviting Bids as much as if set forth herein. Upon request the issuer will furnish to the purchaser twenty (20) copies of the Notice Inviting Bids and the Official Statement without charge. Additional copies may be obtained at the expense of the purchaser . The issuer will furnish to the purchaser a certificate, dated as of bond delivery and delivered with the bonds , that the Notice and the Official Statement (together with later revi- sions of them, if any) neither contain any untrue statement of a material fact nor omit to state any material fact required to prevent these documents or any portion of them from being misleading. 6 • • • • • THE BIDDING 20. PRICE . Bidders must specify the price at which they propose to purchase the issue. Bidders are requested to specify the price as a percentage of the par value of the issue , but bids specifying a dollar price will be accepted . • 21. MINIMUM PRICE. Bids must be for not less than ninety- five • per cent (95%) of the par value of the issue . Any bid for less than ninety- five percent (95%) of the par value will be rejected . 22 . SPECIFICATION OF RATES . Bidders must specify the interest rate which bonds of each maturity date shall • bear. All bonds maturing on the same date must bear the same rate of interest, but different rates of interest may be • bid for bonds maturing on different dates . The difference between the highest and lowest rates bid may not exceed two per cent (2%) . The interest 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 per cent ( . 025%) per annum. 23. BID CALCULATION . Each bid will 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, without 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 ; 7 • • • . Award of the bonds , if made , will be made to the bidder offer- • ing to purchase the bonds at the lowest net interest cost to the issuer. 24 . FORM OF BID. All bids must be unconditional 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 , North Bonnyview Area Sewer Assessment District No. 1978-1 . " 25 . BID SECURITY. A bid deposit of $7 , 000 . 00 is required as a condition of submission of a bid for this issue . 26 . RIGHT OF REJECTION . The City Council of the City of Redding reserves the right at its discretion to reject any and all bids and to waive any irregularity or informality in any bid . • 27 . PROMPT AWARD. The City Council of the City of Redding will award the bonds or reject all bids not later than forty-eight (48) hours after bids are opened. 28. BOND PRINTING. The issuer will pay the cost of print- ing the bonds. 29 . DELIVERY. Bonds shall be delivered on their date or as soon thereafter as they are ready for delivery. The pur- chaser shall have the right to cancel the purchase if the bonds are not tendered. within sixty (60) days after the bid date . The bonds will be delivered at the office of the City Trea- surer, City of Redding, 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 • 8 • to the isuer . Any expense in connection with providing immediately available funds , whether by transfer of Federal Reserve Bank funds or otherwise, shall be paid by the pur- chaser . • DATED: August 7 , 1978 . MILDRED L . BRAYTON, City Clerk, City of Redding, Shasta • County, California • • OFFICIAL STATEMENT NOT TO EXCEED $448, 607 . 15 PRINCIPAL AMOUNT 1915 ACT IMPROVEMENT BONDS CITY OF REDDING NORTH BONNYVIEW AREA SEWER ASSESSMENT DISTRICT NO. 1978-1 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 $448 , 607 . 15 . These bonds , designated Series 1978-1 , will finance construction and installation of sanitary sewer lines along North Bonnyview Road , East Bonnyview Road, Bid- well Drive , Izzard Lane, Potts Lane, Felstet Lane and Lilac Lane, including the acquisition of any necessary easements or rights-of-way. The bonds represent special assessments levied by the City Council according to special benefits to land within North Bonnyview Area Sewer Assessment District No. 1978-1, which was created for the project under the Municipal Improvement Act of 1913 . This official statement presents material information concern- ing 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 unaer the Improvement Bond Act of 1915 are limited obligation bonds . Please note that the bonds are not a general obligation of the State of California , the City of Redding, or any other local entity, and the full faith and credit of the issuer is not pledged to the payment of bonds . Installments of the principal and interest on special assessments within Assessment District 1 • • No . 1978-1, as collected, are deposited in a redemption fund maintained by the issuer as a trust fund . These bonds and the ' interest on them are payable solely from this fund . 2 . . DATE , DENOMINATIONS AND MATURITIES . The bonds will be dated November 2, 1978 and will be issued in denominations .of $1, 000 , except Bond No. 1 . The bond numbers and amounts maturing in each year are stated in the Notice Inviting Bids for Bond Purchase . A portion of the bond issue matures on July 2 of each year in a 15-year period commencing on July 2 , 1980 . The bonds bear semiannual interest represented by coupons attached to each bond . Interest Coupon No. 1 represents interest from the date of the bonds , November 2, 1978, to January 2, 1980, and thereafter interest is payable on July 2 and January 2 until the maturity date of each bond . 3 . ADVANCEMENT OF MATURITY . All bonds are callable before their normal maturity, on any interest payment date, after a 60-day published notice of call . Upon call , the bondholder is entitled to accrued interest to the date of call and one hundred five percent (105%) of the bond principal . 4 . REGISTRATION . All bonds are registrable as to both prin- cipal and interest and may thereafter be transferred, deregis- tered and reregistered at the expense of the bondholder . 5 . ISSUER ' S REMEDIES UPON DEFAULT. The installments of special assessments represented by these bonds are collected as a separately stated item on the property tax bill for each specially assessed parcel within Assessment District No . 1978-1. Installments of these special assessments are collected at the same time and in the same manner as general property taxes against the specially assessed parcels, they carry the same penalty for non-payment and their payment is enforced in the same manner as for general taxes . 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 . 2 • . • Delinquent installments bear an immediate penalty of six percent (6%) and , if not sooner paid , begin to accrue a penalty of one percent (1%) per month on July 1 following the fiscal year of delinquency . After a five-year redemption period, the delinquent property may be sold by • the tax collector and a prorata share of the proceeds deposited in the appropriate special assessment redemption • funds and the general funds of the taxing and assessing agencies . As a cumulative remedy, the issuer may begin a judicial foreclosure immediately after default in any installment of special assessment. A judicial foreclosure is instituted in the Superior Court of the state in the county where the pro- perty is located and is conducted in the same manner as a judicial foreclosure on property delinquent in payments under a mortgage or deed of trust . After the issuer establishes the right to foreclose to the court' s satisfaction, the .court appoints a commissioner to conduct an auction sale of the property. Following the sale, the issuer receives the amount due on account of delinquencies , plus 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 . • 6 . BONDHOLDERS ' REMEDIES . Whenever any property owner is delinquent in 'the payment of any installment , the Improvement Bond Act of 1915 requires the issuer , at the end of the fiscal year of such delinquency, to transfer into the redemp- tion fund the amount of the delinquent installment. The issuer must continue to transfer delinquent amounts to the redemption fund in each subsequent year until the property is 3 • • • redeemed or sold . In making the required transfers , the issuer may use any available funds not immediately needed . Section 8809 of said 1915 Act (referred to in paragraph 12 of. the Notice Inviting Bids for Bond Purchase) presently pro- vides that, where sufficient funds are not available to the .City of Redding from which to make the required transfers , the • City Council must levy a special tax city-wide at a rate of up to ten cents ($0 . 10) per one hundred dollars ($100) of assessed valuation in order to obtain funds for the transfer . However , under the provisions of Section 2237 of the Revenue and Taxation Code (enacted by Section 27 , Chapter 332 , Statutes of 1978 ; effective June 30, 1978 ) , the authority of local agencies in California (including the City of Redding) to levy any ad valorem property tax has been repealed (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 . " In the absence of other available funds to make up possible bond • redemption fund deficiencies , bondholders might experience a delay in receiving payment of principal or interest amounts , pending completion of tax sale or judicial foreclosure proceed- ings and realization of cash sale proceeds by the city . 7. DEBT SERVICE SCHEDULE . The following table shows a debt service schedule based on an interest rate of eight percent (8%) per annum. • • 4 • • • • • DEBT SERVICE SCHEDULE DATE OF BONDS : NOVEMBER 2, 1978 • YEAR RATE PRINCIPAL INTEREST TOTAL 1979-80 8. 000 $3 , 607. 15 $59 , 814 . 29 $63 , 421 . 44 1980-81 8. 000 19 , 000. 00 35, 600. 00 54 , 600. 00 1981-82 8. 000 20, 000. 00 34 , 080. 00 54 , 080. 00 1982-83 8:000 21 , 000. 00 32 , 480 . 00 53 , 480. 00 1983-84 8. 000 23 , 000 . 00 30 , 800 . 00 53 , 800 . 00 1984-85 8. 000 25, 000. 00 28 , 960 . 00 53 , 960. 00 1985-86 8. 000 27 , 000 . 00 26 , 960 . 00 53 , 960 . 00 1986-87 8. 000 29 , 000. 00 24 , 800 . 00 53 , 800. 00 1987-88 8. 000 31 , 000. 00 22 , 480. 00 53 , 480 . 00 1988-89 8. 000 34 , 000. 00 20 , 000 . 00 54 , 000. 00 1989-90 8. 000 37 , 000. 00 17 , 280 . 00 54 , 280 . 00 1990-91 8. 000 40 , 000. 00 14 , 320 . 00 54 , 320. 00 1991-92 8. 000 • 43 , 000. 00 11 , 120 . 00 54 , 120. 00 1992-93 8. 000 46 , 000. 00 7 , 680 . 00 53 , 680. 00 1993-94 8 . 000 50 , 000. 00 4 , 000 . 00 54 , 000. 00 TOTALS : $448, 607. 15 $370 , 374 . 29 $818, 981 . 44 THE PROJECT 8 . IMPROVEMENTS AUTHORIZED. The improvements authorized within Assessment District No . 1978-1 are generally described as follows : The installation and construction of. sanitary sewer lines and appurtenances, including acquisition of any necessary easements or rights of entry in and along North Bonnyview Road, East Bonnyview Road , Bidwell Drive, Izzard Lane , Potts Lane, Felstet Lane, Lilac Lane, including the acquisition of any necessary easements or rights of entry. 9 . ESTIMATED PROJECT COSTS . The following cost schedule was approved by the City Council as a part of the Engineer 's Report for the project . • • 1 . ESTIMATED CONSTRUCTION COSTS $321 , 050 . 00 ' 2 . LESS : City Participation -12 , 300 . 00 TOTAL ESTIMATED CONSTRUCTION COSTS $308 , 750. 00 • 3. 15% contingency allowance 46, 312 . 50 4 . Acreage trunk fee 46 , 650 . 00 $401 , 712 . 50 5 . 3% Legal fees 12 , 051 . 38 Estimated incidental expenses 12 , 412 . 91 TOTAL ESTIMATED PROJECT COST $426 , 176 . 79 Est. Bond Discount @ 95% of par 22 , 430 . 36 TOTAL PROPOSED ASSESSMENT $448 , 607 . 15 THE ASSESSMENT DISTRICT 10 . LOCATION OF DISTRICT. Assessment District No . 1978-1 • consists of property located in the North Bonnyview Area at the southern end of Redding (see attached Exhibit A) . A diagram showing the parcels assessed is attached as Exhibit B . 11 . PROPERTY VALUATIONS . A table of the proposed assessments and related 1978-79 assessed valuations is set forth as Exhibit C. Note that these assessed valuations have been determined by the Shasta County Assessor following passage of Proposition 13 at the June 6, 1978 statewide election and are intended to . reflect the requirements established by new Article XIIIA of the California Constitution . • • • of '\ I { .. o VAw . CIVIC Jr'_�% to. pot,„„;;;„ 4 2 \ L'C_ 4t �_ ¢O�[0 RO AUDITORIUM ?"l9<'. Scot,'..�.! _ -r `�'.• \r k'"r• - L ... bl'\ `��� t �.EE�L` L V o MfMI—1 b' ; ® n. c 41; DSRI A. r hl1.f • i 2 711IN , 1" c. -; S' ro('o S• a /4.. ;.a } .Yo• ..•M.ne a r E r P. :Aar. rr S`I `r Jc .c. A \ Dusty of TP ` •. •�L�..r1[• �- 3� SI E sS; �(,C�nfi CZ O S. re., 1T _ rn•O.1 _.� . � 1 f \ D'. u.•I.M ;(M1'OrnM f p. _ kYNt 1•. L• ^ . a!N\n ..�.'J \ \'f( \I/1 1.'•'' Mi 11[IOr� • N Ions Y< `t wi C,k t< 4 i a WI o�ro 04 �/. .d I C SXe..ro C) au 1 __ ?• ? f a .�'o'•rly hII = Cr.n I. inn '4 i :_�" \� '.J ■ e.e. Crrh .' C Lrr:.n.wr Oo:d^I J \ "' - -. �\ y C 4bo a 15.6 a. ' . y� y E key Oo•dol<lvn. ... _ p In . yam, s. > 3' 'V.�'. -. •wwr.m Dr. a �1 B.cLr' \\ F L,K g1.6,• i_ ! T :c;�szztts . I L ` Ir�cuv::i015:.' ate'giaov $f. roe11 y $L. \K•Hr �{ Actls) FI 1 ,,,,.® I r e c '' �: r' K.urrr II i irotuc• ti 2'1� te,� y G mfl® I _ . /(ry •rn� uric 'Von pm E: • < Mor 11 Si. Do.m< C M nr.r I. le Facie tn. F Par-. i " - = • f Te . . - V < < e, i c F $�I� Ed`t ;. r \ r _• ° •, Z v ► v I 1 O..F[e': — e,IrLI Sl. / `` • II l or,Aal ` E `^' Ci, m [ ° o VOI..\ f*, _ F,°orx �P°5"' I < .:t.r .vr c 1,' b orlon �,�•., cl3 < _ to F Ti' ° t cc C• h .nror�`r _ S e r.11 Gcl q a Her.mll • __y y t�x.nan' p„yyne U. S Ia ory 51/ %4 . R II `._ o `1'T.I-_ .-� r---r \ *1 . / ' \ i_ _ - Rerre`{n- Boric SI. i i i,t- aYrr kkal C c C feeot V e.un h 1. ''/ ^ Blvd. ) v •'1\ c 6\ro 1"• _ lemon \._ �I \ C = ) s 14 % I ". ; 3so mg� r _ o v J laM • .J <i c �`'e^,Q ` 'fit 1 ,` . .h 5• 1 l'.n�,Der SN n. if \ %Or° :I Srd<:.•at FFShrrlt.laD,y.. C. / :arvon7 d ' ) Cimino CIs alt kcal \t _ IOYIan Rtl. �� O \ Cpn /��� /l - <oWao tbltuu ram- -_ -- Trnate$f. kaeery n.Iy Fd .I° r b ESult ^Lt 1 rl, Aam Lnl L ' ! > Rii rHorco4Fd li y'CO-QQ,O� Fd•.• ` I lot 104 :O EI rl Mid ne NrrO f 4 Mfn'nd. -I 1 / C ' lb Ctr. L i PJ 6• q^ wv EI .ygdry Flcts SHASTA rt.". ?. ..�� --a ° _-.II O"•n A L ^°^•rE 4lv.r c.ro ln. bLo^t GENERAL \ �Gi=P y` ^' M _� /. 4.1444 "e . e v. - I u_€ HOSPITAL (•E�\` -2 Dr ' - _ r r ' Lorraine $ r. �I mini, �n U U lro I • a y Ia.wi.Nan\:•d VC 2.^ A. Vee lr. L4ura Vito • l_—__-- > c` / " I LbBw l --m C FOIOeI S:. (/ I. ell E Dr. Ri.kro - 3 i��.�,,I I . �ld� t.e.d L� La a r-1 Cnar '1=Demon w.F ' rta f P D<. / 1 ` • I ' \\ ¢IVE0.t9Ce GOLF' ` w'v. P' E+— ♦ eoDXr¢r eL.ue ,-:MMretY \ d+tV /� a Gwaon iwaY (� 4 r �a3.Ifr l0 \� 1 I I V;dlvf3w o u L \ N^ �^" E. :/ MIL /J 1 L � Creek Rood y Q 9 d\ ,. II Commercial Wy 6 ...na ee c -.dive'\Or'E _ '\ /% d ad y I Jt . a ..�' Co.•<o N u..ow key ItisLoot Or(nnF 01 `!C ERK:CIoI �1� 1 "\ ALLfXS S' I• / N ell_ I ne ..^COIL CWASL p I S \ ce c3 / Germ A(rrr \ '�-nn pr. • W�n wen Georg(o(��Gm4 - 1 �� r.1P.-, 5 a wet:-,.. - Sror cues L. V:,Idtr a EXHIBIT A Rd C•.. - man n ro. 1 q I G.rm n.e�\"`1'1W n�O ,o L.F.•>. ' • • . . 1 • a e -"`.�./ . Re. 0 - . t�©.� e6 G 0 . ` � '1\. o e ©r� .• ^� 1 .Yrit O ` G O °p . 9. V6.7 O g O °� C i f �-.--'p O 0 k,..---, _,.. Q O G �Qy f:^ .„- ,: I 0 Q © O \® Ql , rhr ���i. 1 CIu�‘V`f : ® : ® Il,O ' M • / y howl l ',0 CV�QA . , IO • 1� c 0 c'• " `pet �' O 0i 0 p 2 ;- 0 le • F O ©=0 rl 0 1 ®I - Q1 `. .T I 1 iMI O ., . A I • 40 Assessment Diagram', North Bonnyview Area Sewer Assessment District No. 1978-1 Exhibit B • ASSESSMENT ROLL NORTH BONNYVIEW AREA SEWER ASSESSMENT DISTRICT NO. 1978-1 , CITY OF REDDING ASSESSMENT & AMOUNT OF ASSESSED VALUE DIAGRAM NO . ASSESSMENT DESCRIPTION LAND IMPROVEMENTS 1 $2 , 136 . 10 48-16-13 $ 927 $ 5,252 2 2, 354 . 60 48-16-14 1 ,060 7,110 3 2 , 389. 04 48-16-15 1 ,327 6 ,367 4 2 , 059 . 66 48-16-16 1, 327 4 ,405 5 - 2 , 359. 85 48-16-17 3 ,980 7, 110 6 • 2 , 969. 90 48-16-18 3,980 12 ,840 7 2 , 160 . 54 48-16-19 1, 750 7,875 8 1 , 835. 90 '48-17-01 1, 327 5,915 9 1 , 916 . 13 48-17-02 1, 327 6,260 10 2 , 000. 06 48-17-03 1,060 582 11 5, 887. 12 48-17-04 . .4 , 775 3,395 12 2, 068 . 08. 48-17-05 2 ,000 8 , 375 13 2 , 041 . 33 48-17-06 1, 300 5 ,982 14 2 , 041 . 33 48-17-07 1, 327 5 ,782 15 2 , 282 . 06 48-17-08 3, 450 6 , 367 • 16 2 , 112. 53 48-17-10 1,250 3 ,875 17 2, 085. 79 48-17-09 3, 182 4 ,297 - 18 2 , 587. 01 48-17-11 1 , 327 2 , 387 19 3 , 389 . 41 48-17-12 1 , 500 20 . 2 , 346. 29 . 48-17-13 3, 317 1,937 21 3 , 715. 84 48-17-15 2 ,250 22 3 , 368 . 14 48-17-16 3 , 847 ' 3 ,980 23 20, 654 . 21 48-18-01 10 , 877 5 ,227 24 3 , 946 . 63 48-18-23 1 , 592 5, 650 25 3 , 129 . 63 48-18-03 1,785 7, 395 26 2 , 573. 96 48-18-04 1,460 3,555 27 4 , 375 . 23 48-18-05 1, 750 28 4 , 515. 27 48-18-19 1, 857 4 ,907 29 • 2, 720. 10 48-18-21 1, 187 30 2 , 895.24 48-18-22 3, 750 5 ,050 31 ' • 4 , 310. 88 48-18-20 4 , 510 3 ,660 32 1 , 787 . 15 48-18-14 2 ,000 9 ,500 33 2 , 154 . 64 48-18-13 1 , 327 2 ,070 34 5, 141 . 09 48-18-12 2 ,122 1 , 725 35 2 , 282 . 68 48-18-17 2 , 122 2 ,785 36 2, 146. 95 48-18-16 2 ,040 5 ,227 37 2 , 164 . 22 . 48-18-10 1, 327 4 , 855 38 2 , 222. 76 48-18-09 1, 327 ' 5 , 095 39 2 , 746. 00 48-18-08. 1 ,430 4 , 735 40 2 , 403. 57 48-18-07 1 , 327 1, 485 . • Ev1IBIT C (1) ASSESSMENT E. AMOUNT OF ASSESSED VALUE DIAGRAM NO. ASSESSMENT DESCRIPTION LAND IMPROVEMENTS ' 41 • $2 , 949. 02 48-28-05 $ 1 ,460 $ 7 , 402 42 ' 1 , 966. 58 48-28-24 1 ,195 5, 120 43 3 , 928. 14 48-28-25 1 ,592 7, 960 4.4 3 , 350. 87 48-28-03 2 ,000 7, 875 45 2 , 712. 31 48-28-02 1, 327 4 , 987 46 4 , 949. 94 48-28-01 2 , 812 4 ,430 47 2 , 956. 40 48-29-04 6 , 632 1, 300 48 6 , 021 . 93 48-29-03 2 , 387 5 ,782 49 1 , 772. 62 48-28-26 910 50 2 , 294. 28 48-28-06 1,275 5, 865 51 3 , 022. 11 48-28-07 1,430 4 , 422 52 2 , 469. 28 48-28-08 1,500 8 ,175 53 4 , 311 . 82 4.8-28-09 1,592 5, 172 54 3 , 212. 89 48-28-10 . 1, 327 2 , 387 55 3 , 961 . 17 48-28-30 1, 560 . 5 , 592 56 3 , 961 . 17 48-28-29 1 , 560 5, 592 57 5 , 376. 64 48-28-12 2 , 040 . 1,147 58 4 , 410. 61 48-28-13 2 , 652 5, 280 59 6 , 315. 92 48-28-14 4 , 775 5 , 970 60 3 , 144. 87 48-26-03 1 ,460 5, 305 61 1 , 991. 64 48-26-02 1 , 327 4 , 405 62 2 , 436. 43 48-26-01 1 , 327 2 , 520 63 2 , 514 . 36 48-25-14 1 , 327 8 , 225 64 3 , 558. 71 48-25-13 3 ,050 2 ,202 65 2 , 884 . 58 48-25-11 1 , 327 4 , 032 66 3 , 350. 12 48-25-12 500 67 6 , 227. 92 48-25-10 1 , 990 5 ,837 68 2 , 054. 61 48-25-09 1, 460 3 ,795 69 3 , 599. 57 48-25-08 1, 900 . 6 ,500 70 2 , 057. 77 48-25-07 1, 327 5 ,572 71 0. 00 48-25-06 425 212 72 2 , 057. 77 48-25-05 1, 327 5 ,437 73 3 , 206. 60 48-25-04 1, 592 2 ,122 74 2 , 487. 61 48-25-03 1, 460 3,450 75 5 , 306. 41 48-25-02 1 , 592 4 , 482 76 13 , 430. 3.9 48-25-01 6, 367 13, 477 77 7 , 899. 82 48-20-07 4 ,430 240 78 8 , 846. 53 48-20-06 3 , 060 14 , 407 79 3 , 279. 24 48-20-09 1 ,.460 6 , 235 80 1 , 755. 35 48-20-10 1 , 820 - EX-IIBIT C (2) ASSESSMENT & AMOUNT OF ASSESSED VALUE DIAGRAM NO. ASSESSMENT DESCRIPTION LAND IMPROVEMENTS 81 $2, 201 . 82 48-20-04 $ 1, 300 $ 6 , 502 82 2 , 026. 81 48-20-03 1,250 8 , 357 83 2, 026. 81 48-20-02 1, 327 4 , 750 84 1 , 951 . 52 48-19-20 1, 300 6, 250 85 1 , 961 . 52 48-19-19 1,195 6, 977 86 2 , 241 . 52 48-19-18 1 , 327 5, 572 87 2 , 516. 04 48-19-17 1, 327 4 , 510 88 1 , 981 . 11 48-19-16 1 , 327 5 , 915 89 2 , 176 . 23 48-19-15 1 ,327 2 , 652 90 2 , 133. 79 48-19-21 1 ,327 4 , 827 ' 91 2 , 508 . 25 48-19-22 1,460 5 , 305 92 2 , 508. 25 . 48-19-23 1,460 4 , 615 93 2 , 508 . 25 48-19-24 1,460 4 , 482 94 2 , 508 . 25 48-19-25 1 ,430 6 , 112 95 2 , 882 . 70 48-19-26 1 ,460 8 , 092 96 3 , 224 . 93 48-19-27 1 , 592 3, 317 97 2 , 780 . 33 48-19-36 1 ,250 8 , 750 98 2 , 619. 85 48-19-35 1 ,250 5 ,750 99 2, 128. 43 48-19-29 750 3 , 870 100 2 , 128. 43 48-19-30 1 , 275 7 , 572 101 2 , 128. 43 48-19-31 1 , 327 6 , 367 102 2, 128. 43 48-19-32 1 , 327 . 6 , 605 103 2, 128. 43 48-19-33 - 1, 327 4 , 615 104 2, 128. 43 48-19-34 1, 327 4 ,405 105 1 , 911 . 48 48-19-14 1, 327 . 4 , 510 106 2 , 045. 14 48-19-13 1, 327 5 ,915 107 2 , 060 . 72 48-19-12 1 , 327 .4 , 510 108 2 , 060 . 72 48-19-11 1 , 325 7 ,115 109 2, 060 . 72 48-19-10 1 , 327 5 ,095 110 2 , 060 . 72 48-19-09 2 ,000 9 , 625 111 3, 035. 38 48-19-08 1,460 2 , 520 112 5, 292 . 60 48-19-07 2 , 340 5 , 722 113 3, 309. 16 48-19-06 1,460 6 , 712 114 . • 3, 045. 49 48-19-05 1 ,460 4 , 722 115 - 2 , 158. 23 48-19-04 927 116 2 , 995. 05 48-19-03 1 ,460 6 , 712 117 2 , 995. 05 48-19-02 1, 460 4 , 482 118 4 , 061 . 75 48-19-01 1 , 725 4 , 590 119 2, 160 . 54 48-16-10 1 , 327 4 , 615 120 2 , 160 . 54 '48-16-09 1 , 327 3 , 927 EJ1-[IBIT C (3) - ASSESSMENT & AMOUNT OF ASSESSED VALUE DIAGRAM NO . ASSESSMENT DESCRIPTION LAND IMPROVEMENTS 121 $2 , 160 . 54 48-16-08 $ 1 , 327 $ 4 ,405 122 2, 160 . 54 48-16-07 1 , 327 4 ,987 123 2 , 160 . 54 48-16-06 1 , 327 5 ,095 124 2 , 160 . 54 48-16-05 1 , 060 4 ,670 125 2 , 492. 23 48-16-03 1, 167, 126 2, 255. 31 48-16-30 1, 592 5, 412 127 2 , 053 . 55 48-16-27 1 , 167 128 2 , 201 . 82 48-16-28 1, 592 11, 247 129 2 , 508 . 25 48-16-23 892 130 8, 235. 31 48-16-24 2, 335 131 4 , 022 . 22 48-16-12 1 , 460 5, 890 132 4 , 211 . 37 48-16-29: 32 1 , 400 9 ,460 133 5, 922 . 48 48-16-31 1 , 785 134 3 , 215. 33 48-28-27 2 ,122 4,642 135 2 , 314 . 91 48-28-28 1 , 327 . 5 , 782 136 2 , 240. 78 48-28-16 1 , 195 2 , 652 137 5, 480 . 88 48-35-09 1, 327 138 3 , 609. 48 48-35-10 1 , 912 6 ,120 139 2, 296 . 15 48-26-05 1,275 5 ,100 140 7 , 652 . 15 48-26-04 5 , 172 3, 687 TOTAL: $448, 607. 15 E -IIBIT C (4)