HomeMy WebLinkAboutAgenda Statement 1986/08/26 Item 15 41244"
by the City CDuricl of COUNCIL AGENDA STATEMENT
Chula Vista, California Item 15
Dated (2"! d( /f
Meeting Date 8/26/86
ITEM TITLE: Resolution 41443 Determining the unpaid assessments in
Special Assessment District No. 86-1 and appropriating bond
proceeds in the amount of $5,279,986.04
SUBMITTED BY: Director of Public Works/City Engineer i%
Director of Finance
REVIEWED BY: City Manager (4/5ths Vote: Yes X No )
This is the final action of the EastLake Assessment District No. 86-1 .
Council has previously formed the district and has confirmed the assessments
for the financing of certain improvements in the "Hills and Shores" of the
EastLake development. This action certifies the unpaid assessment list and
authorizes the issuance of $5,279,986.04 in bonds and appropriates the
proceeds.
RECOMMENDATION: Approve the resolution.
BOARDS/COMMISSIONS RECOMMENDATION: Not applicable.
DISCUSSION:
This is the final action in proceedings initiated on May 27, 1986 for the
acquisition of certain backbone improvements in the EastLake development.
State law provides for this opportunity for anyone assessed to make a cash
payment within 30 days after the levy and recording of an assessment, pursuant
to the "Municipal Improvement Act of 1913. "
The 30-day period has passed since the public hearing on July 22, 1986, and a
list of paid and unpaid assessments has been filed with the Treasurer of the
City.
The unpaid assessments amount to $5,279,986.04, and it is proposed that bonds
be issued in that amount.
Through adoption of this Resolution, Council will :
(a) Approve a List of Unpaid Assessments in the amount of $5,279,986.04.
(b) Authorize the issuance of bonds in the amount of $5,279,986.04.
(c) Appropriate the bond proceeds.
FISCAL IMPACT: There will be no cost to the City. The Assessment District
will provide funds for all costs.
RS:nr/
WPC 2279E
Otay Water District The Fieldstone Company
10595 Jamacha Boulevard ! 8340 Clairemont Mesa Boulevard
Spring Valley, CA 92078 ! Suite 211
San Diego, CA 92110
l
Eastlake Development Company i Barratt Northern California ' Lane/Kuhn
701 "B" Street 1 3615 Kearney Villa Road I ' Pacific Development Company
San Diego, CA 92112 ° Suite 101 14 Corporate Plaza
San Diego, CA 92123 I Newport Beach, CA 92660
Attention: Robert Santos J
The Fieldstone Company Pacific Scene, Inc. Brehm Communities
8340 Clairemont Mesa Blvd. j 3900 Harvey Street ; 2835 Camino Del Rio South
Suite 211 San Diego, CA 92110 Suite 220
San Diego, CA 92111 San Diego, CA 92108-3882
Century American Builders II Western Salt Company ! George Simpson
1428 East Chapman ; ; P.O. Box 149 4337 Point View Court
Oranoe, CA 92.56E 1 San Diego, CA 92112 La Mesa, CA 92041
Willdan Associates F. MacKenzie Brown
Kadie-Jensen & Johnson
3633 Camino Del Rio South P.O. Box 8025 5964 Cirrus Street
Suite 207 1 Fairbanks Ranch Plaza I San Diego, CA 92110
San Diego, CA 92108 , I Rancho Santa Fe, CA 92067
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