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1992-11-10 - AGENDA REPORTS - SOLEDADCYN ASMT DIST 92 04 (2)
AGENDA REPORT City Manager Item to be presented by: -JA \ Anthony J. Nislch/ � CONSENT CALENDAR DATE: November 10, 1992 SUBJECT: SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-04 Resolution No. 92-210 DEPARTMENT: Community Development BACKGROUND On October 13, 1992, the second reading of Ordinance No. 92.16 was held. The first reading was held at a public hearing on September 22, 1992 along with the report referencing protests. This ordinance, ordering formation of this district, will go Into effect on November 12, 1992. It was at the September 22 public hearing that the concerns of the participants were addressed and the district was approved and now the resolution to levy the contingent assessments on the property owners Is ready for adoption. This step will Initiate the recording of the assessments as liens on the subject property to be paid at the time of the final subdivision map. It is recommended that the City Council adopt Resolution No. 210 ordering the final levy of contingent assessments and authorizing staff to record the diagram and property liens with the Los Angeles County recorder within 15 days of this meeting. Adopt Resolution No. 92-210 ATTACHMENTS Resolution No. 92.210 October 13, 1992 Agenda September 22, 1992 Agenda DLS:reersio.an Adopted:l la / Agenaltum: RESOLUTION NO. 92-210 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA ORDERING THE LEVY OF CONTINGENT ASSESSMENTS FOR ITS SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENTDISTRICTNO. 92-4 AND TAKING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH WHEREAS, the City Council ("City Council") of the City of Santa Clarita, California ("City") on July 14 , 1992, adopted Resolution No. 92-143 declaring its intention to proceed with the construction of certain improvements and payment of incidental expenses by creation of its Soledad Canyon Integrated Financing Assessment District No. 92-4 ("District"), as shown on that certain map designated "Proposed Boundaries of Soledad Canyon Integrated Financing Assessment District No. 92-4", attached hereto and incorporated herein as Exhibit "A"; and WHEREAS, the City Council of the City has considered all matters relating to the proposed financing and construction of certain public improvements in the vicinity of Soledad Canyon Road pursuant to the Integrated Financing District Act ("Financing District Act") and the Municipal Improvement Act of 1913 ("Improvement Act"), and specifically for the levy of contingent assessments ("Assessments") against properties within the District, a description of the rate and method of apportionment for such Assessments contained in the Final Engineer's Report being attached hereto and incorporated herein as Exhibit "B"; and ' WHEREAS, the City previously provided funds to finance said improvements by the execution and delivery of "Certificates of Participation (Capital Improvement Projects) Evidencing A Proportionate Interest Of The Owners Thereof In Lease Payments To Be Made By the City of Santa Clarita (Los Angeles County, California) to the Redevelopment Agency of the City of Santa Clarita" ("Certificates") dated October 1, 1991, in the original principal amount of $22,940,000; and WHEREAS, the City has determined that the public interest and convenience require construction of certain improvements described in Exhibit "B" attached hereto and incorporated herein at an estimated cost of $3,000,000, and proposes to proceed with construction of said improvements with a portion of the proceeds of the Certificates; and WHEREAS, the City finds that it is in the best interest of the City, is in the public interest and is for the public benefit that the City seek full or partial payment or reimbursement of certain lease payments related to the Certificates from the proceeds of the Assessments; and WHEREAS, the Financing District Act provides an alternative method of financing the improvements, by authorizing the Assessments which are contingent upon the development of land and which may be made payable at the time of approval of a tentative subdivision map, vesting tentative subdivision map, final subdivision map, zoning change, or upon receipt of a building permit for any parcels which have already received all other required approvals for development; and WHEREAS, the Financing District Act authorizes proceedings to create an integrated financing district to be combined with formation proceedings under the Improvement Act; and WHEREAS, following completion of a duly called and noticed public hearing and pursuant to Ordinance No. 92-16 (the "Ordinance"), the City Council of the City approved and confirmed the Final Engineer's Report, the assessment and the diagram and ordered formation of the District; NOW, THEREFORE, IT IS HEREBY RESOLVED, DETERMINED AND DECLARED by the City Council of the City of Santa Clarita, California, as follows: SECTION 1. Pursuant to Government Code Section 53196.5, this Resolution shall be final as -to all persons and the assessment is hereby levied upon the respective subdivisions of land in Assessment District No. 92-4 according to Resolution No. 92-21U and the Final Engineer's Report. SECTION 2. The assessment shall be recorded in the office of the Superintendent of Streets. SECTION 3. The City Clerk shall file a copy of the assessment diagram in the office of the County Recorder and cause to be paid the filing fee therefor. SECTION 4. The City Clerk shall execute and record a Notice of Assessment in the office of the County Recorder, pursuant to Division 4.5 of the Streets and Highways Code, commencing with Section 3100. SECTION 5. The City Clerk shall publish once a week for two consecutive weeks in a newspaper of general circulation and also mail to each property owner of record a Notice of Recordation of Assessment. SECTION 6. Pursuant to Government Code Section 53198, the Assessments shall constitute a lien upon the real property, and the lien shall continue until the charge and all penalties are fully paid or the property is sold to satisfy the lien. The lien shall have the same force, effect, priority and duration as would a delinquent lien under the Improvement Act. SECTION 7. The City may bring an action in any court of competent jurisdiction against the owners of any property to collect delinquent Assessments and penalties. The enforcement and remedies provisions of Government Code Sections 53198.5 and 53199 shall apply to the Assessments. -2- SECTION 8. Pursuant to Government Code Section 53190 and the Ordinance, the reimbursement agreement (the "Agreement") in substantially the form attached hereto as Exhibit C is hereby approved and the Mayor and the. City Clerk are hereby authorized. and directed to execute the Agreement in substantially the form hereby approved, with such additions thereto and changes therein as are recommended or approved by Counsel to the City, Special Counsel. to the District and the officers executing the same, with such approval to be conclusively evidenced by the execution and delivery of the Agreement. SECTION 9. All actions heretofore taken by officers and agents of the City Council with respect to the Agreement are hereby approved, confirmed and ratified, and the Mayor and City Clerk and the other officers of the City responsible for the fiscal affairs of the City are hereby authorized and directed to take any actions and execute and deliver any and all documents as are deemed necessary or appropriate to the City and its officers taking such actions or executing such documents, to accomplish the purposes of the Agreement. In the event that the Mayor is unavailable to sign any document authorized . for execution herein, the City Manager, or his written designee, may sign such document. Any document authorized herein to.be signed by the City Clerk may be signed by a duly appointed deputy clerk. SECTION 10. The City Clerk shall certify the adoption of this Resolution. PASSED AND ADOPTED by the City Council of the City of Santa Clarita, California at a regular meeting held on the th day of November, 1992. ATTEST: CITY CLERK -3- CITY OF SANTA CLARITA, CALIFORNIA MAYOR STATE OF CALIFORNIA ss. COUNTY OF LOS ANGELES I, DONNA GRINDEY, City Clerk of the City of. Santa Clarita, California, do hereby certify that the foregoing Resolution No. 92- was adopted at a regular meeting of the City Council on the th day of November, 1992. AYES: COUNCELN EMBERS NOES: COUNCILMEMBERS ABSENT: COUNCILMEMBERS ABSTAIN: COUNCILMEMBERS 10 CITY CLERK Wi��.1 EXHIBIT "A" REPORT OF ENGINEER FOR CITY OF SANTA CLARITA SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 IV. DESCRIPTION OF BOUNDARIES OF INTE RATED FINANCING DI TRI The general description of the boundaries of the Integrated Financing District are as follows: All parcels of land within Tract No's. 47803,34466,47324, 45148, 45113, 32519, 46005, 49426 and P.P. 89-122. 1 SHEET / OF AHEM W FMADTHVS-DAVOFIUR J � SUYENINTENDENT OF SI'REM DIAGRAM H AT TNEN,DA 0' ' mo, ��♦/ Eli�� 2 INTERGRATED FINANCING ASSFSSMFSNTS AND MML'NTTY fwN'THEOSDICEOFTSAi ASSESSMENTDISTRICT COUNTI�MTHEUTTN'EOF TY COUNTY"RECORDER UFTNE COUNTY OF OS ANGEIS_SSTATEUFCALIFURNIA TR.N73I4 satP^m 5 4 ///�� �} NO. 92-4 MINTYRECOARR jDALE: KTS- P' COUNTY OF'LOS AHGFI Pc I CITY OF SANTA CLARITA ' r _ON IEDASS ON THE _DATAVt WAS DAY 'IF COUNTY OF LOS ANGELES SAIDA55ESS.MENT DIAGRAM AND ASSESSM ROLL STATE OF CALIFORNIA i SUPER-INTENDENT OF STREETS OF SAID CRY ON SOLEDAD CANYON ROAD THE 19_ REFERENCE SAND CANYON ROAD TO SHADOW PINES BLVD. S23Y,� L. 1 FfF^COUNTY BOUNDARY -- CITY BOUNDARY DISTRICT BOUNDARY IIICII W'AVI ROAD H}}}}}{ RAILROAD ASSESSORMAPROORIPAGEIPARCEL OPARCELN'UMBF.R T.4 N. ;13 TICK CYN RO Sp ' LO Of dart a G ' F' 11 l 12 T ABELIA OR 46MS �SEEPADE G SNdOOW PINES VHS_4� POPPY MEADOW 5 TR. 494P6 � l 14 TR. t] F 18 `]]519 - 1! OAK SPRINGS RD ,cA.�� •`�-^�'� CI480A,IL TR ]M66 a W Q p BFE NDE'q U J � SUYENINTENDENT OF SI'REM 24 I ROFTIF.CRY FILa ��♦/ Eli�� 2 0FSENN CLARELATUS-----DAYHE gOi SAHFA CLARRA T115 SAY OF SEEPIDES p BIN TR. 47803 CHl'CLERK CIOFSANTACLARRA TY TR.N73I4 satP^m 5 4 ; AN ASSESSMENT WAS LEVIED BY THE CT' COUNCIL P' ON THE LOTS. PIECES A]➢ PARCELS OF LAND SHOWN I ASSESSMENT THIS ASSESSMENT DIAD SAID ASSESSMENT N THIS r _ON IEDASS ON THE _DATAVt WAS DAY 'IF SAIDA55ESS.MENT DIAGRAM AND ASSESSM ROLL WERE RECORDED IN THE OFFICE OF THE i SUPER-INTENDENT OF STREETS OF SAID CRY ON 7.4 N. THE 19_ REFERENCE _DAYOF IS MADE TO THE ASSESSMENT ROLL RECORDED IN THE OFFICE OF THE SUPERINTENDENT OF STREETS THE EXACT AMOE'NT OF EACH ASSESSMENT 3i3 FOR LEVIED AGAINST EACH PARCEL OF LAND SHOWN ON S THIS ASSESSMENT DIAGRAM. QS CT' CLERK CT'OFSANTA CLAR TA LFGFy D, �••� COUNTY BOUNDARY CRY ROLWDARY 2151 DMRIa ROUNDARY - 111GIIWAYIROAD DIAGRAM INTERGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 CITY OF SANTA CLAR/TA COUNTY OF LOS ANGELES STATE OF CALIFORNIA SOLEDAD CANYON ROAD SAND CANYON ROAD TO SHADOW PINES BLVD. ''j1 1 RAILROAD 2839-00-1 ASSERROR MAP ROOKI PAGE I FARM OPARMWMRER TRACT 1m 32519 /LY] 2939-001-030 2839-006-052 / I ` TRACT zn s-aso / N0. ` 45113 500 C` � 2ft39-009-033 ) I 2939-OQS-02/ J / � / I _______ ♦•♦ as ♦♦ 1515111101" ••♦• SOLE= TRACT N0, 49426, AX RD. DIAGRAM INTERGRATED FINANCING ASSESSMENT DISTRICT SCALE: I:200' NO. 92-4 CITY OF SANTA CLARITA COUNTY OF LOS ANGELES STATE OF CALIFORNIA SOLEDAD CANYON ROAD SAND CANYON ROAD TO SHADOW PINES BLVD. 1 rc:rK,n, �••— COUNTYROUNDARY —••� CITYROUNDARY DISTRICT BOUNDARY HIGHWAYIROAD } RAILROAD 007.027 ASSESSOR MAP ROOKIPAGEIPARCEL OPARCELNUMBER P9' DIAGRAM INTERGRA TED FINANCING ASSESSMENT DISTRICT SCALE: IS 4OCe NO: 92-4 CITY OF SANTA CLARITA COUNTY OF LOS ANGELES STATE OF CALIFORNIA SOLEDAD CANYON ROAD SAND CANYON ROAD TO SHADOW PINES BLVD. ANTELOPE VALLEY Fay i I — ?84600/•/04 !� _—___—____ Q I ,1840-Ois-045 T R A C T -AU1A l tl 2840.0/3.033 ' • -1800-o/s-032 S. P •Y-------------- — % 4 2640-06134 \ %ts_ ?&*L A05 -CW \ SNE N 0. 3 4 14 6 6 � 2e40-015•03/ { F=ND, -- COUNTY BOUNDARY -- CRY BOUNDARY DESTRKC BOUNDARY HIGHWAY/ROAD {}M} RAILROAD ASSESSOR MAP BOOK/PAGE/PARCEL OPARCELNUMBER 'MEE` S OF 6 SHEETS DIAGRAM INTERGRATED FINANCING $ ASSESSMENT DISTRICT a s NO. 92-4 SCALE: I +40LI . CITY OF SANTA CLARITA COUNTY OF LOS ANGELES STATE OF CALIFORNIA 63T39M SOl IO 111R10'1 SSSSSSSSSSSS;77;.RR t55�55�51 YIW12 P1RYR JD A110 M R tl SOLEDAD CANYCM ROAD SAND CANYON ='OAD TO SHADOW Plf; S BLVD. C V Q Z p cS 0 a s s O � ° N O � :FCFND" ♦ ® � a —••—COL?7Y BOUNDARY ♦ U O Q AP�������� —••— CITY BOUNDARY ♦ O N DUTR=BOONDARY Z yAA OMS11 . - HIGHWAYIROAO V +«EPEE RAILROAD 5 RR one. ASSESSOR MAP BOOK I PACE I PARCEL Y �1 'J ° P OPARCELNUMBER 1 RDA ROR2N SCALE: /"=200' --coon ry r ---_crrr not, IIIARRT IOf.OWAI iM+r RAILROAI ASSERRON OrnRCEbn DIAGRAM INTERGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 CITY OF SANTA CLARITA COUNTY OF LOS ANGELES STATE OF CALIFORNIA SOLEDAD CANYON ROAD SAND CANYON ROAD TO SHADOW PINES BLVD. REPORT OF ENGINEER •t CITY OF SANTA CLARITA SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 METHOD OF ASSESSMENT Soledad Canyon Road is a required condition placed on nine developers, which will extend from Sand Canyon Road east to Shadow Pines Boulevard. The costs and incidental expenses to improve Soledad Canyon Road will be spread throughout the developments according to their benefit received. The total costs of construction for Soledad Canyon Road will be separated into two zones for reimbursement purposes: Zone A, the portion of construction from Sand Canyon Road to Oak Springs Canyon Road and Zone B, the portion from Oak Springs Canyon -Road to Shadow Pines Boulevard. These costs will be placed under the Integrated Financing District to be paid through a reimbursement process as the conditioned tracts develop. The Municipal Improvement Act of 1913 provides that the costs and incidental expenses of a project be assessed in proportion to the estimated "benefit" received by each of the lots or parcels of land within the assessment district. The Act, however, does not provide a specific benefit formula, hence that determination is made by the Assessment Engineer for consideration by the legislative body. The formula used should be one that reflects benefit received by each parcel and results in the most equitable proration of the costs to each of the lots or parcels within the assessment district. ZONE A Original Type Number of Assessment Assessors of Actual Development Number Number Unit Dwelling Units Tr 32519 100 2839-005-030 S.F.D. 147 Tr 34466 200 2840-015-031 S.F.D. 299 2840-015-032 2840-015-033 2840-015-035 2840-001-118 2840-001-104 Tr 45113 500 2839=006-021 COMM 5 acres/500 units 2839-006-052 M.F.D. 304 2839-006-053 2839-006-054 Tr 45148 700 2840-013-005 S.F.D. 10 8/2592 Original Type Number of Assessment Assessors of Actual Development Number Number Unit Dwelline Units Tr47324 800 2840-013-013 S.F.D. 72 2840-013-014 2840-013-015 2840-014-022 2840-016-002 2840-016-021 Tr47803 900 2840-016-032 S.F.D. 140 Tr 49426 1,100 2839-005-030 CONDO 24 PP 89-122 1,200 2840-007-023 COMM 5 acres/500 units TOTALS S.F.D. 1,996 ZONE B Original Type Number of Assessment Assessors of Actual Development Number Number Unit Dwelling Units Tr 46005 1,400 2854-006-002 S.F.D. 86 2854-006-013 0 TOTALS 86 To facilitate future assessment apportionments, each developer is assigned an assessment number in groups. For example, when Tract 47324 develops, their revised number sequence will be 800 to 872. In making the analysis, it was necessary to identify the benefits that the public improvements rendered to the properties within the boundaries of the Assessment District and to determine that the properties received a direct and special benefit distinguished from that of the general public. It was determined that the improvements are necessary and required for the development of the properties within the Assessment District. The properties within the District have been conditioned as a result of the development process to establish a reimbursement mechanism to widen Soledad Canyon Road. For residential property, the benefit to each property as a result of the widening of Soledad Canyon Road is the right for each property owner to construct a specific number of dwelling units. The benefit to a property with twice as many units would be to benefit twice as many future owners who would use Soledad Canyon Road. Therefore, benefit is based on the number of units each developer is allowed to construct. For commercial property the benefit to each property would be based on the number of vehicle trips generated by the development, or the equivalent of 100 residential units per acre. Zones Since some properties were conditioned for the portion of Soledad Canyon Road from Sand Canyon Road to Oak Springs Canyon Road, they will be in Zone A. Zone B, which will be from Oak Springs Canyon to Shadow Pines Boulevard will only involve one development. 8/25/92 2 Those developers within Zone A which is largely undeveloped will be assessed on a per unit basis while the single tract in Zone B will be assessed their portion of traffic volume of the developed area bounded by Shadow Pines Boulevard, the Antelope Valley Freeway, Oak Springs Canyon Road and Sierra Highway. Figures used to determine the costs of improvements were obtained from the engineer of work and reflect costs at the time of the award of bid. The assessment engineer then reviewed the costs for completeness and eligibility under the 1913 Act proceedings. The assessments as placed on the parcels of land within this report will be subject to a 5% annual interest rate. The cumulative interest rate adjustment shall not exceed 100 percent. These assessments will be contingent upon the development of the land and will be made due and payable at the time of approval of a final subdivision map as a whole or pro -rated on a basis of units (phased) recordation. Example: If a tract records phase one at 50%, then 50% of the assessment plus interest at the time of recordation is due and payable. Should any development fail to record their subdivision map, the subsequent assessment will remain with the applicable parcel(s) until such time as a map does record. Any assessments not collected will not be placed on the remaining parcels. At the time when assessments become due and payable, it will be determined if there will be credit to the developers bridge and thoroughfare fees. If it is determined that Soledad Canyon Road is no longer covered under the B&T District, then there will be no credit. If Soledad Canyon Road is still covered with B&T fees, a credit will be given to the development in the amount of the B&T fees which apply to Soledad Canyon Road. Zone A All residential development will be assessed based on their equivalent number of buildable units. All commercial development will be assessed based on their equivalent traffic counts. Residential equivalent units - 1 unit =1 Unit 996 Units = 996 units Commercial equivalent units -1 acre =100 SFD units* 10 acres = 1.000 units Total Zone A 1,996 units One acre of commercial property generates an amount of vehicle trips per day equivalent to what 100 S.F.D. units generate per day. The development in Zone B will be assessed 816 of 24,000 traffic units or an equivalent of 3.441% of the improvement costs for Zone B. The remainder of the improvement costs for Zone B will be covered by the City. 8/25/92 3 City of Santa Clarita Definitions A.D.U. - Actual Dwelling Units; the actual number of dwelling units to be constructed as stated on the approved tract map. S.F.D. - Single Family Dwelling M.F.D. - Multi -Family Dwelling CONDO - Condominiums COMM - Commercial 8125/92 4 EXHIBIT C REIMBURSEMENT AGREEMENT REGARDING INTEGRATED FINANCING ASSESSMENT DISTRICT N0. 92-4 (SOLEDAD CANYON) This Agreement is entered into this _ day of November, 1992, by the CITY OF SANTA CLARITA, CALIFORNIA (the "City"), a general law city and municipal corpora- tion for itself as investor and on behalf of the City of Santa Clarita Integrated Financing Assessment District No. 92-4 (Soledad Canyon) (the "District"). In consideration of the promises and covenants set forth in this Agreement, it is hereby agreed as follows: WITNESSETH: Section I. Recitals. This Agreement is entered into with respect to the following facts: A. The, City Council of the City (the "City Council") has considered all matters relating to the proposed construction of certain public improvements in the vicinity of Soledad Canyon Road (the "Improvements") described in Exhibit "A" attached hereto and incorporated herein by reference. B. The City Council previously adopted Ordinance No. 92-16 ordering the formation of the District, the map for which is attached hereto and incorporated herein as Exhibit "B". C. The District is formed pursuant to the Integrated Financing District Act and the Municipal Improvement Act of 1913 for the purpose of levying contingent assessments (the "Assessments") against properties within the District. D. The City has provided funds to finance the Improvements by the execution and delivery of "Certificates of Participation (Capital Improvement Projects) Evidencing A Proportionate Interest Of The Owners Thereof In Lease Payments To Be Made By the City of Santa Clarita (Los Angeles County, California) to the Redevelopment Agency of the City of Santa Clarita" (the "Certificates") dated October 1, 1991, in the original principal amount of $22,940,000. E. The City Council has determined that the public interest and convenience require construction. of the Improvements and proposes to proceed with construction of the Improvements with a portion of the proceeds of the Certificates. 171643 F. The City Council finds that it is in the best interest of the City, is in the public interest and is for the public benefit that the City seek full or partial payment or reimburse- ment of certain lease payments related to the Certificates used for the Improvements from the proceeds of the Assessments. G. California Government Code Section 53190, !g =. authorizes the City, on behalf of the District, to enter into a reimbursement agreement (the "Agreement') with an investor for the purposes of obtaining advance funds from such investor to pay the costs of the Improvements or to have such investor construct the Improvements. The City, through the execution and delivery of the Certificates, will finance and construct the Improvements and is hereby referred to in such capacity as the Investor. H. The City Council previously adopted its Resolution No. 92- 210 authorizing this Agreement. Section II Investor to Construct Improvements. A. The Investor shall with due diligence conduct, as soon as reasonably possible, public bidding pursuant to the California Public Contracts Code and City Ordinances to select a general contractor, land surveyor, soils engineer and other contractors necessary to construct the Improvements. The Investor has already employed a civil engineer to design the Improvements. B. The Investor shall construct the Improvements pursuant to the Agency Agreement dated , 1992, and keep records of all costs and expenses in connection with the design and construction of the Improvements (the "Costs and Expens- es"). Costs and Expenses includes all out-of-pocket costs and all City administrative expenses incurred in connection with the construction of the Improvements, including, but not limited to, payments to civil engineers for plans and specifications for the Improvements, payments to contractors for labor, materials, and subcontractors, payments to land surveyors and soils engineers, payments for street lights and utility relocation, City administrative expenses for project management, insurance costs, bonding costs, plan check fees, inspection fees, and costs of licenses and permits. Section M. Reimbursement of Funds. A. The City hereby agrees to collect the Assessments and interest thereon, pursuant to Ordinance No. 92-16, on the discretionary development of property within the District (the "Benefitted Property"). The Assessments and interest thereon shall be used to reimburse the Investor for the costs of the Improvements. Owners of the Benefitted Property shall be assessed for the costs of construction of the Improvements plus _ percent L%) per annum from until based on a 360 day, 12 month year. 17161.3 B. Reimbursement as set forth in Paragraph A of this Section shall be paid to the Investor from time to time as the Assessments are collected for the Improvements as set forth herein, except that: All right of reimbursement shall cease (_) years after the date of this Agreement, whether fully paid or not; and 2. The City is not liable to the Investor for any reimbursement set forth in Paragraph A of this Section, if the City fails for any reason, including negligence, to impose the Assessments on the Benefitted Property. Rather, the sole remedy of the Investor in enforcing reimbursement is to participate in, challenge, and appeal, if necessary, the imposition of conditions on the development permit approvals of the Benefitted Property. C. Pursuant to the requirements of California Government Code Section 53190.5(b), the City shall issue the Investor a warrant entitling the Investor to all or a specified portion of the Assessments as determined by Resolution No. 92-T9 and payable pursuant to Section III hereof. D. The warrant issued by the City to the Investor shall include all provisions required by California Government Code Section 53190.5(b)(1)-(9). E. The general fund of the City, its credit, or its taxing power shall not be liable for any obligation to the Investor arising out of this Agreement. The Investor may not compel the exercise of the taxing power of the City or the forfeiture of any of its property to satisfy any obligation arising out of this Agreement. The special improvement fund identified and designated "Soledad Canyon Integrated Financing District No. 92-4 Improve- ment Fund", and created by Resolution No. 92-143, shall be the sole source of funds for the obligation arising out of this Agreement. F. Pursuant to California Government Code Section 53192, any obligation arising from this Agreement is not a debt of the City, or a legal or equitable pledge, charge, lien, or encumbrance upon any of its property, or upon any of its income, receipts, or revenues, except the revenues arising from the Assessments levied pursuant to Resolution No. 92-2Lo G. The City covenants to preserve and protect the security of this Agreement and the rights of the Investor against all claims and demands of all persons. 171643 section IV. General Provisions. A. This Agreement constitutes the entire understanding between the parties hereto with respect to the District and the Assessments, superseding all negotiations, prior discus- sions, and preliminary agreements or understandings, whether oral or written. B. This Agreement may not be amended except in writing by the parties hereto or their successors or assigns. C. The terms of this Agreement shall be construed in accordance with California law and shall not be construed for or against either parry by reason of the authorship of this Agreement. The section headings are for purposes of convenience only and shall not be construed to limit or extend the meaning of this Agreement. D. If any action at law or in equity, including an action for declaratory relief, is brought to enforce or interpret the provisions of this Agreement, the prevailing party shall be entitled to reasonable attorney's fees, court costs and necessary disbursements, in addition to any other relief to which it may be entitled. E. Multiple copies of this Agreement may be executed by the parties hereto, any number of which shall be deemed to be an original and all of which shall constitute but a single instrument. 17164.3 IN WITNESS WHEREOF, the City of Santa Clarita for itself as Investor and on behalf of the City of Santa Clarita Integrated Financing Assessment District No. 92-4 (Soledad Canyon) has duly executed this Agreement as of the date first written above. ATTEST: City Clerk Approved as to Form: Gty Attorney 17164.3 CITY OF SANTA CLARITA, CALIFOR- NIA FOR ITSELF AS INVESTOR AND ON BEHALF OF THE CITY OF SANTA CLARITA INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 924 (SOLEDAD CANYON) By: Mayor I e : EXHIBIT "C" REPORT OF ENGINEER FOR CITY OF SANTA CLARITA SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 � � ter • . • i�� � � • � ��� .r The general description of work consists of the construction of storm drains, street lights, traffic signals, median landscaping, certain grading, clearing and grubbing, asphalt concrete paving, including acquisition of necessary rights-of-way together with appurtenances and appurtenant work necessary to accomplish the above improvements to the specified widths and dimensions and all said work and acquisition is located in all or a portion of the following listed street or easements. SOLEDAD CANYON SAND CANYON ROAD EAST TO SHADOW PINES BOULEVARD EXHIBIT B 17164.3 REPORT OF ENGINEER FOR -TTY OF SANTA CLARITA SOLEDAD CANYON :NTEG RATED.FINAN CING ESSMENT DISTRICT NO. 012-4 Au_ust 25, 1992 01 -46 REPORT OF ENGINEER FOR CITY OF SANTA CLARITA SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 Jill Klajic Mayor Councilmembers Carl Bover Jan Heidt Jo Anne Darcy George Pederson George Caravalho - City Manager Kenneth Pulskamp - Assistant City Manager Donna Grindev - City Clerk Lynn Hams - Director of Community Development Jeffrey C. Kolin - Director of Public Works Anthony J. Nisich- City Engineer Kenneth Pulskamp - Acting Director of Parks, Recreation and Arts Professional Services Burke, Williams & Sorensen - Special Counsel Willdan Associates - Assessment Ensineer Cit! of Santa Clarita REPORT OF ENGINEER FOR CITY OF SANTA CLARITA SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 TABLE OF CONTENTS 1-3 INTRODUCTION 4 Preliminary Approval 5 Certification 6 PLANS AND SPECIFICATIONS 7 DESCRIPTION/BOUNDARIES OF WORK 8-18 COSTESTIMATES 19 ASSESSMENT DIAGRAM 20-23 METHOD OF ASSESSMENT 24-29 RESOLUTION OF INTENTION ATTACHMENTS Exhibit "A" - Diagram Exhibit 'B" - Legal Description Exhibit "C" - Assessment Roll REPORT OF ENGINEER FOR CITY OF SANTA CLARITA SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 INTRODUCTION Citv of Santa Clarita WHEREAS, on the 14 day of July, 1992, the City Council of the City of Santa Clarita (the "City") did. pursuant to the provisions of the Integrated Financing District Act which is chapter 1.5 of the Government Code of the State of California and the Municipal Improvement Act of 1913 which is Division 12 of the Streets and Highways Code of the State of California (collectively as the "Acts"), as amended, adopt its Resolution of Intention No. 92-143, for the financing and construction of certain public improvements, together with appurtenances and appurtenant work in connection therewith, in a special assessment district known and designated as SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NOA14 (hereinafter referred to as the "Integrated Financing District" or "District"); and, WHEREAS, the Resolution of Intention, as required by law, did direct the appointed Engineer of Work to make and file a Report, consisting of the following: o Plans and specifications; o General description of boundaries of work, appliances, rights-of-way, and other property interests, if any, to be acquired; o Cost Estimate, o Assessment Diagram (the "Diagram") showing the District and the subdivisions of land contained therein; and o A proposed assessment of the costs'and expenses of the improvements (hereinafter referred to as "Works of Improvement") levied upon the parcels and lots of land within the boundaries of the District. For particulars, reference is made to the Resolution of Intention as previously adopted. NOW, THEREFORE, I, Richard Kopecky, authorized representative of Willdan Associates, pursuant to the provisions of the Act, do herein submit the following: 8/25/92 . t Cily of Santa Clarita II. DESCRIPTION OF IMPROVEMENTS o Improvements to be provided within the District are generally described as follows: o Road improvements and all improvements to support the road, along Soledad Canyon Road from Sand Canyon Road east to Shadow Pines Boulevard.. o A Diagram, attached as Exhibit "A", showing the District, as well as the lines and dimensions of each parcel of land within the District as they existed at the time of the passage of the Resolution of Intention. Each parcel of land has been given a separate number on the Diagram and in the Assessment Roll. o I have assessed the costs and expenses of the works of improvement as constructed in place in the District upon the parcels of land in the District benefited thereby in direct proportion and relation to the estimated benefits to be received by each of said parcels. For particulars of identification of the parcels, reference is trade to the Diagram. o The subdivisions and parcels of land and their numbers shown on the.Diagram correspond with the numbers appearing on the Assessment Roll, attached as Exhibit "C". o The parcels and assessments included herein do not include any prior unpaid special assessments. o The current total true value of land and improvements on the parcels listed in Exhibit "C" based on 1992 assessor information is $14,500,000. o In addition to the assessment lien levied against each parcel of land within the District, each parcel of land shall also be subject to a one time assessment of $1,000 to pay costs:incurred_ by the, City and _not otherw_ise_reimbursed.which.result.from the administiation and couectio051,7o n of assessments. o The Assessments as placed on the parcels within this report will be subject tnual interest rate. The cumulative interest rate adjustment shall not exceed 100%. o Upon payment of the assessment, the corresponding developments Bridge and Thoroughfare fees will be reviewed and credit towards the then current B&T fees will be given in the amount equal to the developers share of their assessment plus annual interest related to Soledad Canyon Road. o By virtue of authority contained in the Act, and by further direction and order of the City Council, I hereby make the following assessment to. cover the costs and expense of the7 Works of Improvement for the District based on the costs and expenses as set forth below: Revised 9/22/'92 2 0 City of Santa Clarita SUMMARY COST ESTIMATE Ir N ZONE B Amount as Preliminary Changed and Item Description Amount Modified Cost of Construction $ v 700,728 $ 699,681 Incidental Costs $ 21,724 S 22,781 Total Costs $ 722,452 $ 722,452 Amount to Assessment - 3.441% $ 24,865 $ 24,865 Total Zones A and B $ 2,283,630 ( 2,283.630�� The preliminary figures included herein are subject to change and will be revised upon confirmation of the actual construction amounts. For particulars of the individual assessments and their descriptions, reference is made to the Assessment Roll (see Exhibit "C"). All costs and expenses of the Works of Improvement have been assessed to all parcels of land within the District in a manner which is more clearly defined in the Method of Assessment. These figures do not include one time administration fees or accrued interest. Revised 9(22/92 3 WILLDAN ASSOCIATES Richard Kopecky Engineer of Work City of Santa Clarita Amount as Preliminary Changed and Item Description Amount Modified Cost of Construction $ '2,086,802 $ 2,066,777 Incidental Costs S 175,136 $ 195,161 Total Costs $ 2,261,938 $ 2,261,938 Amount to Assessment $ 2,261,938 $ 2,261,938 ZONE B Amount as Preliminary Changed and Item Description Amount Modified Cost of Construction $ v 700,728 $ 699,681 Incidental Costs $ 21,724 S 22,781 Total Costs $ 722,452 $ 722,452 Amount to Assessment - 3.441% $ 24,865 $ 24,865 Total Zones A and B $ 2,283,630 ( 2,283.630�� The preliminary figures included herein are subject to change and will be revised upon confirmation of the actual construction amounts. For particulars of the individual assessments and their descriptions, reference is made to the Assessment Roll (see Exhibit "C"). All costs and expenses of the Works of Improvement have been assessed to all parcels of land within the District in a manner which is more clearly defined in the Method of Assessment. These figures do not include one time administration fees or accrued interest. Revised 9(22/92 3 WILLDAN ASSOCIATES Richard Kopecky Engineer of Work City of Santa Clarita Citv of Santa Carie, REPORT OF ENGINEER FOR CITY OF SANTA CLARITA SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 PRELIMINARY APPROVAL Preliminary approval by the City Council of the Citv of Santa Clarita on the day of - '19 Donna Grindey, City Clerk City of Santa Clarita FINAL APPROVAL Final approval by the City Council of the City of Santa Clarita on the day of 19 Donna Grindey, City Clerk City of Santa Clarita i 8/25/92 4 City of Santa Clarita CERTIFICATIONS I, Donna Grindey, as City Clerk, do, hereby certify that the foregoing assessment, together with th diagram attached thereto, was filed in my office on the day of , 19_. r By: Donna Grindey, City Clerk City of Santa Clarita State of California 1, Donna Grindey, as City Clerk, do hereby certify that the foregoing assessment, together with th diagram attached thereto, was approved and confirmed in my office on the _ day c. ,19 Bv: Donna Grindey, City Clerk City of Santa Clarita State of California I, , Engineer of Work, acting as Superintendent of Streets of said City, d hereby certify that the foregoing assessment, together with the diagram attached hereto, was recorded i my office on the day of 19 By: Superintendent of Streets City of Santa Clarita State of California 8/225/92 ' 5 City of Santa Clarita REPORT OF ENGINEER FOR CITY OF SANTA CLARITA SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 III. PLANS AND SPECIFICATIONS The plans and specifications for the improvements for this Integrated Financing District are voluminous and are not bound in this report but by this reference are incorporated as if attached to and made a pan of this Report. The plans and specifications are on file in the office of the City Engineer where the}, are available for inspection. 8/25/92 6 City of Santa Ci rrita . REPORT OF ENGINEER FOR CITY OF SANTA CLARITTA SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 IV. DESCRIPTION OF BOUNDARIES OF INTEGRATED FINANCING DISTRICT The general description of the boundaries of the Integrated Financing District are as follows: All parcels of land within Tract No's. 47803,34466,47324, 45148, 45113. 32519, 46005, 49426 and P.P. 89-122. The general description of work consists of the construction of storm drains, street lights, traffic signals, median landscaping, certain grading, clearing and grubbing, asphalt concrete paving, including acquisition of necessary rights-of-way together with appurtenances and appurtenant work necessary to accomplish the above improvements to the specified widths and dimensions and all said work and acquisition is located in all or a portion of the following listed street or easements and as shown on the Diagram (reduced) included herein as Exhibit "A": SOLEDAD CANYON SAND CANYON ROAD EAST TO SHADOW PINES BOULEVARD Said improvements will be separated into two zones for purposes of calculating* the assessments. Zone A: Soledad Canyon Road Sand Canyon Road east to Oak Springs Canyon Road Zone B: Soledad Canyon Road Oak Springs Canyon Road to Shadow Pines Boulevard 8x5/92 .7 City of Santa Clarita REPORT OF ENGINEER FOR CITY OF SANTA CLARITA SOLEDAD CANYON INTEGRATEDFINANCING ASSESSMENT DISTRICT NO. 92-4 ZONE A V. COST ESTIMATES - ACOUISMON WORKS OF IMPROVEMENT PUBLIC WORKS OF IMPROVEMENT 8r5/92 8 Amount as Unit Unit Preliminary Changed and. Item Description Ouantitv Unit Price Amount Modified Install Project Signs 1 - EA $ 610.00 S 610 S 61( Furnish and Install Traffic - LS - 25,000 25,00( Signals and Highway Safety Lighting (Soledad Canyon Rd at Sand Canyon Road) Clearing & Grubbing LS -- 17,446 17,44( Unclassified Acq. Excavation 323,604 CY 3.60 1,164,974 1,164,97= (Contractor Deposit Site) AC Pavement Cl -AR -4000 8,092 Ton 28.00 226,576 226,57( Crushed Aggregate Base 2,928 Ton 8.30 24,302 24,30-- 4,30:Miscellaneous MiscellaneousBase 466 Ton 25.00 11,650 11,65( Cold Plane 67,720 SF 0.10 6,772 6,77= 4' P.C.C. Sidewalk 917 SF 1.30 1,192 1,19-- ,19-Curb Curb& Gutter - A-2 5,980 LF 6.30 37,674 37,67 - Curb & Gutter - B-2 or B-3 11,584 LF 4.50 52,128 52,12. Traffic Striping and Signing LS 8,157 8,15" Remove Existing Striping; Mark- -- LS 1,135 1,13: ings, and Pavement Markers Traffic Control & Detour LS 46,772 46,77 8r5/92 8 City of Santa Clarita 8/25/92 •9 Amount as Unit Unit Preliminary Changed and Item Description Quantity Unit Pnce Amount Modified Guide Markers 84-01 2 EA 160.00 320 320 18" Dia. R.C.P. 2,OOOD 205 LF 74.00 15,170 15,170 18" Dia. R.C.P. 2,500D 96 LF 74.00 7,104 7,104 24" Dia. R.C.P. 1,500D 3 LF 46.00 138 138 24" DIA. R.C.P. 2,250D 2 LF 47.00 94 94 C.B. NO. 300'W = 3.5' 1 EA 1,600.00 1,600 1,600 C.B. NO. 300 W = 7' 4 EA 2,300.00 9,200 9,200 C.B. NO. 300 W = 10' 2 EA 2,600.00 5,200 5,200 C.B. No. 300 W=14 1 _ EA 3,500.00 3,500 3,500 Manhole No. 1 7 EA, 2,900.00 20,300 20,300 RCP Inlet 1 EA 7,900.00 7,900 7,900 RCP Outlet 4 EA 1,700.00 6,800 6,800 Junction Structure No, 2 1 EA 800.00 1,600 1,600 Junction Structure No. 3 1 EA 460.00 460 460 Pipe Connection 2-D190 1 EA 460.00 460 460 Guardrail (A77C) 1,260 LF 3.70 4,662 4,662 Relocate Ex. Guardrail 1,038 LF 9.20 9,550 9,550 Retaining Wall (Mod. 48-03) 1,290 SF 18.20 23,478 23,478 Intercepter Drain 555 LF 13.90 7,715 7,715 Driveway 36-02 1 EA 420.00 420 420 Paved Terrace Drain 3,700 LF 11.90 44,030 44,030 Street Lights -Underground Conduit, ' 36 EA 800.00 28,800 28,800 Wire & Appurtenances (New Construction) Utility Undergrounding 1 LS 85,000.00 85,000 85,000 8/25/92 •9 Unit Unit Item Description Quantity Unit Price 12" Dia. C.S.P. 16 Gauge 785 LF 31.00 TOTAL CONSTRUCTION 8% Contingency c 8/25/92 . 10 City of Santa Clarita Amount as Preliminary Changed and Amount Modified 24,335 24,335 S 1,932,224 1,932,224 S 154,578 134,553 5 2,086,802 $2,066,777 REPORT OF ENGINEER FOR CITY OF SANTA CLARITA SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 ZONE A COST ESTIMATES PROJECT INCIDENTAL EXPENSES 1.6m Description Right of Way Engineering Surveying (Includes Construction Surveying) Construction Administration Inspection Testine Service Subtotal 5910 Contingency TOTAL 8/25/92 11 Preliminary Amount S 0 15,659 17,926 5,975 17,926 5.975 S 63,461 S 3.173 S 66,634 Citv of Santa Clarita Amount as Chan, -,ed and Modified S 37,350 15,659 17,926 5,975 17,926 5.975 S100,811 $ 0 S 100,811 REPORT OF ENGINEER FOR CITY OF SANTA CLARTTA SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 ZONE A COST ESTIMATES GENERAL INCIDENTALS Item Descrintion Special Counsel Assessment Engineer Filing and Recording Fees Printing, Advertising, Notices, and Posting Subtotal 15% Incidental Contingency FOOT M. 8/25/92 12 Preliminary Amount S 44,500 44,500 900 4.450 S 94,350 14,152 S 108,502 City of Santa Clatita Amount as Changed and Modified $ 44,500 44,500 900 4.450 S 94,350 0 $ 94,350 REPORT OF ENGINEER FOR. CITY OF SANTA CLARITA SOLEDAD CANYON INTEGRATEDFINANCING ASSESSMENT DISTRICT NO. 92-4 ZONE A COST ESTIMATES SUMMARY OFCOSTS AND AMOUNT TO ASSESSMENT Item Description Construction Total Incidentals Project Incidentals General Incidentals Subtotal Incidentals/Construction Amount to Assessment 8/25/92 13 Preliminary Amount $ 2,086,802 $ 66,634 108.502 S 2,261,938 $ 2.261,938 Citv of Santa Clarita Amount as Changed and Modified $ 2,066,777 $ 100,811 94.350 $ 2,261,938 $ 2,261,938 City of Santa Clarita REPORT OF ENGINEER FOR CITY OF SANTA CLARITA SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 ZONE B V. COST ESTIMATES - ACOUISITION WORKS OF IMPROVEMENT PUBLIC WORKS OF IMPROVEMENT Amount as Unit Unit Preliminary Changed an Item Description Ouantiry Unit Price Amount Modified Clearing & Grubbing LS -- $ 14,554 $ 14,55 - Unclassified Acq. Excavation 1,296 - CY 3.60 4,666 4,66( (Contractor Deposit Site) AC Pavement Cl -AR -4000 5,415 Ton 28.00 151,620 151,621 Crushed Aggregate Base 19,610 Ton 8.30 162,763 162,76: Miscellaneous Base 824 Ton 25.00 20,600 20,601 Cold Plane 2,253 SF 0.10 225 4' P.C.C. Sidewalk 13,788 SF 1.30 17,924 17,92 Curb & Gutter - A-2 4,285 LF 6.30 26,995 26,99. Curb & Gutter - B-2 or B-3 4,521 LF 4.50 20,345 20,34. P.C.C. Curb- B-1 1,453 LF 5.80 8,427 8,42• A.C. Curb 90 LF 13.80 1,242 1,24-- ,24:Traffic TrafficStriping and Signing -- LS -- 14,843 14,84 Remove Existing Striping, Mark- -- LS -- 2,065 2,06 ings, and Pavement Markers Traffic Control & Detour LS -- 83,228 83,22 Guide Markers 84-01 2 EA 160.00 320 32 C.B. NO. 300 W - 20" 1 EA 4,200.00 4,200 4,2( 8/25/92 14 Item Description _C.B. No. 303 Manhole No. 1 T.S. #3 2-D188 Junction Structure No. 2 Junction Structure No. 3 Pipe Connection 2-D190 Relocate Ex. Guardrail Remove & Salvage Guardrail Retaining Wall (Mod. 48-03) Driveway 36-01 Street Lights -Underground Conduit, Wire & Appurtenances (New Construction) Street Light -Relocation TOTAL CONSTRUCTION Unit Quantity 1 1 1 1 1 l 918 1,284 1,090 Unit EA EA FA EA EA EA LF LF SF 140 63 EA 23 EA 8% Contingency sr5192 15 Unit price 2,800.00 2,900.00 1,600.00 800.00 460.00 460.00 9.20 3.70 18.20 630.00 800.00 Chof Santa Preliminary Amount+ S 2,800 2,900 1,600 1,600 460 460 8,446 4,751 19,838 1,260 50,400 Amo Cham Moi S 700.00 20.300 _ S 648,832 S 6 $ 51.906 _ $ 700,738 S F REPORT OF ENGINEER FOR CITY OF SANTA CLARITA SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 ZONE B COST ESTIMATES PROJECT INCIDENTAL EXPENSES Item Description Right of Way Engineering Surveying (Includes Construction Surveying) Construction Administration Inspection Testing Service Subtotal 5% Contingency TOTAL 8r_5ro2 16 Preliminary Amount .S. 0 1,957 2,240 747 2,240 747 S 7,931 S 396 $ 8,327 Cite of Santa Clarita Amount as Chanted and I. Modified S 3,200 1,957 2,240 747 2,240 747 REPORT OF ENGINEER FOR CITY OF SANTA CLARITA SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 ZONE B COST ESTIMATES GENERAL INCIDENTALS Item Description Special Counsel Assessment Engineer Filing and Recording Fees Printing, Advertising, Notices, and Posting Subtotal 15% Incidental Contingency TOTAL 8/25/92 17- Preliminary Amount 5,500 5,500 100 550 S 11,650 1347 5 13,397 Citv of Santa Clarita Amount as Changed and Modified $ 5,500 5,500 100 550 S 11,650 S U S 11,650 Citv of Santa Clarita REPORT OF ENGINEER FOR CITY OF SANTA CLARITA SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 ZONE B COST ESTIMATES SUMMARY OF COSTS .AND AMOUNT TO ASSESSMENT Amount as Preliminary Changed and Item Description Amount Modified Construction Total •--S 700,738 S 699,681 Incidentals Project Incidentals $ 8,327 $ 11,131 General Incidentals 1 3. 197 S 11.650 Subtotal Incidentals/Construction $ 722,462 $ 722,462 Amount to Assessment - 3.441 of Subtotal $ 24,865 24.865 Note: Amount to Assessment is only a portion of the subtotal. The remaining construction cost will be covered by the City. See Method of Assessment for more details. i 8/25/92 18. Cite of Santa Cla ita REPORT OF ENGINEER FOR CITY OF SANT; CLARITA SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 ASSESSMENT DIAGRAM The Assessment Diagram is shown in a ;educed scale format as Exhibit "A". 8/25/92 19 City of Santa Clalita REPORT OF ENGINEER FOR CITY nF SANTA CLARTTA SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 METHOD OF ASSESSMENT Soledad Canyon Road is a required condition placed on nine eddevelopers, which will extend from Sand Canyon Road east to Shadow Pines Boulevard. The cost's U -t� ncen[af expenses to improve Soledad Canyon Road will. be spread throughout the developments according to their benefit received. The total costs of construction for Soledad Canyon Road will be separated into two zones for reimbursement purposes: Zone A, the portion of construction from Sand Canyon Road to Oak Springs Canyon Road and Zone B, the portion from Oak Springs Canyon Road to Shadow Pines Boulevard. These costs will be placed under the Integrated Financing District to be paid through a reimbursement process as the conditioned tracts develop r The Municipal Improvement Act of 1913 provides that the costs and incidental expenses of a project be assessed in proportion to the estiniated "benefit" received by each of the lots or parcels of land within the assessment district. The Act, however, does not provide a specific benefit formula, hence that determination is trade by the Assessment Engineer for consideration by the legislative body. The formula used should be one that reflects benefit received by each parcel and results in the most equitable proration of the costs to each of the lots or parcels within the assessment district. ZONE A Development Tr 32519 -'Tr 34466 Tr 45113 Tr 45148 8/25/92 Number of Actual Dwelling Units 147 299 500 2839-006-021 COMM 5 acres/500 units 2839-006-052 M.F.D. 304 2839-006-053 2839-006-054 700 2840-013-OQ5 S.F.D. 10 20 Original Type Assessment Assessors of Number Number Unit 100 2839-005-030 r S.F.D. 200 2840-015-031... S.F.D. 2840-015-032. 2840-015-033 2840-015-035 2840-001-118 2840-001-104 Number of Actual Dwelling Units 147 299 500 2839-006-021 COMM 5 acres/500 units 2839-006-052 M.F.D. 304 2839-006-053 2839-006-054 700 2840-013-OQ5 S.F.D. 10 20 Q1v of Santa Cl Original Type Number of Assessment Assessors of Actual Development Number Number Unit DwellinLr Units Tr 47324 800 2840-013-013 -- S.F.D. 72 - 2840-013-014 2840-013-015 2840-014-022 2840-01d002 2840-016-021 Tr 47803 900 2840-016-032 S.F.D. 140 Tr 49426 1,100 2839-005-030 CONDO 24 PP 89-122 1,200 2840-007-023 COMM 5 acres/500 unit TOTALS 1,996 ZONE B To facilitate future assessment apportionments, each developer is assigned an assessment numb groups. For example, when Tract 47324 develops, their revised number sequence will be. 800 to 872 In making theanalysis, it was necessary to identify the benefits that the public improvements render the properties within the boundaries of the Assessment District and to determine that the props received a direct and special benefit distinguished from that of the general public. It was determines the improvements are necessary and required for the development of the properties within the Assess District. The properties within the District have been conditioned as a result of the development pr( and the potenaal traffic generated to establish a reimbursement mechanism to widen Soledad Ca Road. Mr residential property, the -benefit to each property as a result of the widening of Soledad Ca Road is the right for each property owner to construct a specific number of dowelilling units. The bene a property with twice as many units would be to bene tt twice as many future owners who woulc Soledad Canyon Road. This benefit is further defined in the number of vehicle trips generated residence which in the case of residential property is one peak hour trip per u r ay. There benefit is based on the number of units each developer i owe to construct. rOr Commercial pro the benefit to eac prope a so a ased on the number of vehicle taps generated b; development, or the equivalent of 100 residential units per acre. Should the number of units change significantly from the time of filing the assessment to the tir payment, the assessment due will be reviewed and any adjustments made. Example: If a tract only subdivides 1/2 of -their property, then only 1/2 of the assessment will be dt if a tract originally established at 200 units only builds 130 units, their assessment w based on the ratio of 130 units to 200 units. Revised 9/22/92 21 Original- Type Number of Assessment Assessors of Actual Development Number Number Unit DwellineUnits Tr 46005 1,400 2854-006-002 S.F.D. 86 2854-006-013 0 TOTALS 86 To facilitate future assessment apportionments, each developer is assigned an assessment numb groups. For example, when Tract 47324 develops, their revised number sequence will be. 800 to 872 In making theanalysis, it was necessary to identify the benefits that the public improvements render the properties within the boundaries of the Assessment District and to determine that the props received a direct and special benefit distinguished from that of the general public. It was determines the improvements are necessary and required for the development of the properties within the Assess District. The properties within the District have been conditioned as a result of the development pr( and the potenaal traffic generated to establish a reimbursement mechanism to widen Soledad Ca Road. Mr residential property, the -benefit to each property as a result of the widening of Soledad Ca Road is the right for each property owner to construct a specific number of dowelilling units. The bene a property with twice as many units would be to bene tt twice as many future owners who woulc Soledad Canyon Road. This benefit is further defined in the number of vehicle trips generated residence which in the case of residential property is one peak hour trip per u r ay. There benefit is based on the number of units each developer i owe to construct. rOr Commercial pro the benefit to eac prope a so a ased on the number of vehicle taps generated b; development, or the equivalent of 100 residential units per acre. Should the number of units change significantly from the time of filing the assessment to the tir payment, the assessment due will be reviewed and any adjustments made. Example: If a tract only subdivides 1/2 of -their property, then only 1/2 of the assessment will be dt if a tract originally established at 200 units only builds 130 units, their assessment w based on the ratio of 130 units to 200 units. Revised 9/22/92 21 City of Santa Clarita Zone A All residential development will be assessed based on their equivalent number of buildable units he relate to. traffic counts. All commercial development will be assessed based on their equiv-alent tra counts. Residential equivalent units - 1 unit = 1 Peak hour vehicle trip = 1 Unit* 996 Units = 996 units' Commercial equivalent units - 1 acre = 100 SFD units** 10 acres = 1.000 units Total Zone A �•. 1,996 upits * One residential unit generates an equivalent of 1 peak hour vehicle trip per day. -J **, One acre of commercial property generates an amount of peak hour vehicle trips per d; equivalent to what 100 S.F.D. units generate per day. Zone B The development in Zone B will be assessed 86 of 2,400 peak hour vehicle trips or an equivalent 3.5833% of the improvement costs for Zone B. The remainder of the improvement costs for Zone B will be covered by the City. Definitions I : ,, .1 A.D.U. - Actual Dwelling Units; the actual number of dwelling units to be constructed as stated on t approved tract map. S.F.D. - Single Family Dwelling M.F.D. - Multi -Family Dwelling CONDO - Condominiums COMM - Commercial Revised 9/22/92 23 City of Santa Clarita RESOLUTION OF INTENTION See copy of aproved Resolution of Intention No. 92-143 which follows: S/25/92 • 24 RESOLUTION NO. 92-143 A RESO Ltr.ION OF THE CIT:' COUNCIL OF TPr CITY OF SA1.TA CLARITI., DECLARING ITS I1:TEI.TION TO ORDER CREATION OF ITS SOLEDAD CANYON I1::.•£GR=D FINANCING FSSESSKE1:i DIL.RIC: 170. 52-4 A1iD APPROVING AN AGR£EMMKT EY AHD AMONG PROM= Y OWNERS AHD THE CITY OF SAI—.A CLAP.ITA WHEREAS, the City Council (.-City Council")- of the City of Sant Clarrita, California ("City") has requested the institution of proceedings fc the construction of certain improvements and payment of incidental expenses G creation of its Soledad Canyon Integrated Financing Assessment Distric No. 92-4 ("District"), as shown on that certain map designated "Propose boundaries of Soledad Canvon Integrated Financing Assessment Distric No. 92-4", attached hereto and incorporated herein as Exhibit "A:" and WHEREAS, the City Council of the City has considered all matte: relating to the proposed financing and construction o: certain pub!. improvements in the vicinity of Soledad Canyon Road pursuant to the Integrat, Financing District Act ("Financing ,District Act") and the Municip. Improvement Act of 1913 ("Improvement Act"), and specifically for xhe levy contingent assessments ("Assessments") against properties within the Distric a description of 'the rate and method of apportionment for such Assessme= being attached hereto and incorporated herein as Exhibit "El" and h ERElS, the City previously provided funds to finance sc improvements by the execution and delivery of "Certificates of Part; c,- - (Canitzl Improvement Projects) Evidencing A proportionate Interest Of T Owners Thereof In Lease Payments To Be Made By the City .of Santa Clari (Los Angeles County, California) to the Redevelopment Agency of the City Santa Clarita" (Certificates") dated October 1, 1_991, in the a..-iczx Principal amount of 522,940,000; and f;ri£REAS, the City has determined that the public interest convenience require construction of certain improvements described Exhibit "C" attached 'hereto and incorporated herein at an estimated cost S , and proposes to proceed with construction of said improvements •'. a portion of the proceeds of the Certificates; and hiinREAS. the City finds that it is in the best interest of .the Ci is in the public interest and is for the public benefit that the City s full or partial payment or reiahursement of certain lease payments related the Certificates from the proceeds of the Assessments; and VFZERETS, the Financing District Act provides an alternative method financing the ;-improvements, by author_=iag the Assessments which contingent upon the development of land and which may be made payable at time of anproval of a tentative subdivisica'man, vesting tentative subdivi: map, finzl subdivision map, =0ning change, or upon receipt of z buil; permit for any parcels which have zlread_v received all Other requ. approvals for development; and RESOLUTION NO. 92-143 Page 2 WHEREAS, the Financing District Act authorizes proceedings to create an integrated financing district to be combined with formation proceedings under the Improvement Act; and WHEREAS, the City Council intends that a public hearing on the formation of the District under the Financing District Act will be combined with the public hearing reguired pursuant to the Improvement Act, with notice of the hearing to be made in the manner required by the. Improvement Act; and WHEREAS, certain property owners are prepared to develop their parcels prior to completion of formation proceedings for the District, which necessitates execution of an "Agreement By and Among Property Owners and the City of Santa Clarita Regarding Proposed Integrated Financing Assessment District" ("Agreement"). }IOW, THEREFORE, IT IS HEREBY RESOLVED, DETERMIlIED A1;D DECLARED by the City Council of .the City of Santa Clarita, California as follows: SECTION 1. The above recitals are all true and correct. SECTION 2. The public interest, convenience. and necessity require, and it is the intention of the City Council pursuant to the provisions of the Financing District Act and the Improvement Act, to order the construction of improvements within the District boundaries shown in Eyhibi` SECTION 3 The City Council has determined to proceed In forming an integrated financing district pursuant to the Financing District Act and the Improvement Act_ SECTION 4. The area to be benefitted by said improvements and to be assessed -to nay the costs and expenses thereof and to be known as Scledad Canyon Znteg.rated Financing Assessment District No. 92-4 shall be that part of the District having exterior boundaries as shown on Er_hibit "A," which man is on file in .the office of the City Clerk. Reference hereby is made to that map and exhibit of a full and complete description of the proposed assessment district, and "Exhibit A" shall govern all details as to the extent of the boundaries of the proposed District. SECTION 5. The Engineer of Work shall furnish to the City Council a report in writing pursuant to Section 10204 of the Improvement Act, presenting the following• 1. Plans and specifications of the proposed project; and. 2. An estimate of the costs of the ;proposed project, including incidental costs and expenses in connection therewith; and RESOLUTION NO. 92-143 Page 3 3. A diagram showing the proposed assessment district, which diagram also shall show the boundaries•, and dimensions of the subdivision -of land within the District, each of which .subdivision shall be given a separate number upon said diagram; and I 4. A proposed assessment of the total amount of the cost and expenses of the proposed improvement upon the subdivisions of land within the proposed assessment district in. proportion to the estimated benefits to be received by such subdivisions, respectively, from said improvements. The assessment shall refer to such subdivisions upon the diagram by the respective numbers thereof. 5. the total amount, as near as .may be determined, of the total principal sum of all unpaid special assessments' and _special assessments required or proposed to be levied under any completed or pending assessment proceedings, other than that contemplated in the instant proceedings, which would require an investigation and report against the total area proposed to be assessed. 6. The total true value, as near as may be determined, of the parcels of land and improvements which are proposed to be assessed. Total true value may be estimated as the full cash value of the parcels as shown upon the last equalized assessment .roll of Los Angeles County. Alternatively, total true value may be determined by other reasonable means, including, but not limited to, by adjusting the value shown on the last equalized assessment roll to correct for deviations from market value due to Article 7111 A of the California Constitution. SECTION 6. Each contract shall be let to the lowest responsible bidder. The. City Clerk shall publish notice inviting sealed proposals for each contract pursuant to Government Code Section 6066, or by such posting as the City. may. provide. The time f_ -zed for the opening of bids shay_ not be less than fourteen (14) days after the first publication or posting of the notice. SEC^_'ION 7. The public interest, convenience and necessity require that certain land, rights-of-way, easements and improvements be obtained in order to fulfill the purposes proposed for the assessment district. For a general description- of the location and extent of the easements or lands necessary to be acquired, reference is made to Exhibit "A" on file with the City Clerk: RESOLUTION NO. 92-143 Page 4 sECTION 8. If any excess shall be realized from the assessment, it shall be sued, in such amounts as. the City Council may determined, in accordance with the provisions of law, for one or more of the following purposes: A. Transfer to the geneiral fund of the City; provide that the amount of any such transfer shall not exceed the lesser of One Thousand Dollars (51,000.00) or five percent (SS) of the total from the Improvement Fund (as defined herein); B. As a credit upon the assessment and ary supplemental assessment; or C. For the maintenance of the improvement. SECT7OH 9. A special improvement fund identified and designated by the name of Soledad Canyon Integrated Financing Assessment District No. 92-5 Improvement Fund hereby is established (the "Improvement Fund"), and into said fund monies may be transferred at any time to expedite the making of the improvements herein authorized, and any such advance of funds is a loan and shall be repaid out of the Assessments as authorized by law. SECTION 10. The whose telephone number is (BOS)hereby are designated by the City Council to answer inquiries regarding the hearing procedures for the Resolution of Intention and to answer inquiries relative to any hearing or proceedings concerning this project where it is require by statue that such agency, and telephone number be so designated and provided. SECTION 11. All public agency property in the use and perfo^nance of a!public function shall be omitted from assessment in these proceedings unless expressly provided and listed here. SEC_'ION 12. The Agreement is hereby approved and the Mayor and City Clerk are hereby authorized and directed to execute, attest and seal the same on behalf of the City, in substantially the form now before this City Council,. but with such changes, modifications, additions or deletions therein as sha'_1 to them seem necessary, desirable or appropriate, their execution thereof to constitute conclusive evidence of their approval of any and all chances, modifications, additions or deletions therein from the form and content of the Agreement now before this City Council, and that, from and after the execution, attestation, sealing and delivery of the . same, the N.aycr and City Clerk are- hereby authorized, empowered and directed to do all such acts and things and to execute all such documents as may be necessary to carry out and comply with the provisions of the Agreement as executed. RES0=10N 140. 92-153 Page 5 SECTION 13. As authorized by the Financing District Act, after formation of the District the City intends to execute a Reimbursement Agreement ("Reimbursement Agreement") to repay funds taken from the proceeds of the Certificates to fund the improvements. The Reimbursement Agreement will be executed pursuant to the terms of Section 53190.5 of the Financing District Act. ' SECTION 14. She public hearing required by Section 53163 of the Financing District Act shall be combined with the public hearinc required by the Improvement Act. At the time and place to be designated for the public hearing, any owner of property. liable to be assessed pursuant to this Resolution of Intention may make a written protest, which shall be heard and passed upon by the City Council. Reference is made to Section 53183 of the Financing. Distract Act for further particulars, the terms of which are incorporated herein by reference. SECTION i5. The City Clerk shall certify the adoption of this Resolution. PASSED, APPROVED AND ADOPTED this day of 1992. Jili rlajic, Mayor A__EST: Donna M. Grindey, City Clerk STATE OF CALIFORNIA ) COIR=__' OF LOS ANGELES) ss CITY OF SANTA CLARITA) I, Donna M. Grindey, DO FEP.EBY CERTIFY that the above and foregoing Resolution was duly adopted by the City Council of the City of Santa Clarita at a regular meeting thereof, held on the day of 1992 by the following vote of Council: ACES: COUNCIL2j I' HERS: NOES: CDUNCILtY.'MSEP.S: ABSENT: COUNCIL)=. EP.S: Donna M. Grindev, City Clerk DLS:662 ry o{Santa Clarita EXHIBIT "A" DIAGRAM The Diagram is includedherein in reduced form. .ELT I Of f RrfiTS / DIAGRAM INTERGRATED .FINANCING ASSESSMENT DISTRICT ..•.. r: w.rs NO. 92-4 CRY OF SANTA CLA RITA COUNTY OF LOS ANGELES 'STATE OF CALIFORNIA SOLEDAD CANYON ROAD SAND CANYON ROAD TO SHADOW PINES BLVD. 33,t,.I�L S. L� COUwT MUXOARY 11111 DI.RRICT SOL:A'DARY IIICIIN'AS'IROAD FrFi-reT•. .Aluo.n — Info n•w ASA6 Z YAP R WK LACE I r.RCL- OPIAAI. NVYLG s .EmS `.sLE.mL 6 .UJ W ryj➢TTa Wrrn TNL MMY �-T r 1LL FAA"Yl l • 1NT r.liYf w TNL IMl'X'1 NI TNI1 LVlvr\TSN pJ rMTM! IYII •I IX u AwLAaa>T.n ur....r�YN� 1 P•L •IXr tUUNrT 11i Wi.w446 T DR / 73519 k J• OAK SPRINGS RII AAA ri-l-llf TICK CYN M r u _ r TR 7AL66 ¢, r / l r .1 •�( '• c Z u � �YCYI�TE.ADLAT Or iT%ELTS ti . ""_Y 2 'rtLLDIVTX[omGT nr T21 tERTY n1iCTrY or 1 0 —DAY uL* \C ! r 1.• sL[..D.S LT(n\C IS CT Or SAINT. rT.Anl a ■1L .TBD] TR. r • TR.1[T^.3w 11'r W..,.. [ � j U Al Sr6iMOT Yli LMtD R1' TNC CCrY COUACIL nN TNC LOR. FlELTS. AAD r•YCCL IIi LAND SNu+• Mw TN6 actSWPT DIAGYwa. S.ID .SSCSTIrLAT L[YICDII T. C nr M U DIAYMY A.ND ASSr»YCAT .LL • wSS[S�YC.AT40CY FTAA wtYC UIr O[ TXC su.ccaAT[�DLA� RCC(1IA TXL SA or snECTs nr s•m rnT o� 1 T.. N. na _ uAv nr n acrt.LwC( Is Iw YI Tn Tll( wf]uT YEw� YOLK 0.CCnaDCO IC TMC OFFICE Or TXI..f1:rCY1 TCYYCII nr <T4[ClS T " rOY TMC CZAR AYOL'wT nr EACM .S - T ; IA.CCL Or 4XD SI -1" nA ltT'ICD Ar.AIAST 4C11 Tlil>aSSCSSMEAT DIAGYAa ¢IG i m cuYA CRT UI YMA CLARITA SOLEDAD CANYOV ROAD SAND CANYON ROAD TO SHADOW PINES BLVD. DIA GRA M INTERGRATED FINANCING +^■■r■nnuuln■!■nn■erertltr J' ASSESSMENT DISTRICT _.... zR, NO. 92-4 CITY OF SANTA CLtRTTA COUNTY OF LOS ANGELES Lrrrtin• . STATE OF CALIFORNIA SOLEDAD CANYOV ROAD SAND CANYON ROAD TO SHADOW PINES BLVD. +^■■r■nnuuln■!■nn■erertltr J' J r Lrrrtin• r r r r � r TRACT Lrrrtin• �...— rnuxrr wuxw.■r ��( N0. TR.ta;T (. N0. $2519 �J.1 ■/uuo.o �� e.9r+26 zsTs-ocs[mss�oa ...rrooi/r.cc/r.ec�. �^.::/ O r.aCv. xuwen ��'!i� pL'S-oC11130 `4 L� • � 2639 -(b6 -0R / + / RA( T i 45113 ➢iifii !ut■t / I + / J __ . f SMEEij MgS..EE �s DIAGRAM INT�RGRATED FINANCING ASSESSMENT DISTRICT SCALE: /=Zar NO. 92-4 CITY OF SANTA CLARITA COUNTY OF LOS ANGELES STATE OF CALIFORNIA SOLEDAD CANYON ROAD SAND CANYON ROAD TO SHADOW PINES BLVD. I mamaun ru r st ts F� �N L% 89-1221curuy-6111 ar. �� ♦ : I P � BE. rl 2840007-0 �. Ift EMBERS W, MW LEGE' , �•• CIIIIAIT B01114I PAk 1' --•— clrvuuuuuAkv {lama nE9wCT nounbANt' 11 GH.AI"Ik11A11 kA11.k11A11 r--) 1'ARCELNIiMnEk 1 t 64 ID DIAGRAM INTERGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 CITY OF SANTA CLARfTA COUNTY OF LOS ANGELES STATE OF CALIFORNIA SOLEDAD CANYON ROAD SAND CANYON ROAD TO SHADOW PINES BLVD - ANTELOPE �2 I FY ,2v.-ois-os T R A C 1' •' 1RICCJJfP 2B�C-a/3-CS: c F -__--- i r r r N r r -�+ J L.I._^-II: __—rnuxn-Aouno�eY --- Q 4ovxU.4Y otrn,Cr Aov.S.4Y xlGxw.Y/RU.O ��: RA1LtU.D A4IISO4 M.Y �OOCII.GCIi.A!•Ty Csx+o-oa-w U.w.r.ttt-rte ------------ w' 3 4 �� • •twt . \J-• ' 1 rr i w ti 0. i l r � 1 � 1 ® r � a 1 � 1 I � 1 4 6 6 i L.I._^-II: __—rnuxn-Aouno�eY --- Q 4ovxU.4Y otrn,Cr Aov.S.4Y xlGxw.Y/RU.O ��: RA1LtU.D A4IISO4 M.Y �OOCII.GCIi.A!•Ty i Csx+o-oa-w U.w.r.ttt-rte ------------ �� • •twt . \J-• ' 1 rr i w ti 0. i l r � 1 � 1 ® r � a 1 � 1 I � 1 4 6 6 i � 1 i \Ic SC . E: %-ar DIAGRAM INTERGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 SOLFDAD CANYON ROAD SAND CANYON = OAD TO SHADOW PIA' ti BLVD. CITY OF SAMA CLARTTA t\11i 111\\llll l'" COUNTY OF LOS ANGELES STATE OF CALIFORNIA ----covwrr Ro�++o.Rr .i U T/IflAlltft\ft\ t[ff1'\w'R tltf tffttt NtS\^ .arY lJ na1wR A auD +—..� CSiI"lOVNDwRY ♦i Lr O n Ir /4 �_e A . .liifffil �. h C 1 Y. 1. Ir ♦` I ri C �.;� 1 r� h 1. 1. r, � Ir L7 M I. Ir F o b C © 0 Z b Ir Ir r►. ■uu.1.50 4 ► ► 1. ► ► M ► H r N KL\tll t\11i 111\\llll l'" . C 1 1r ----covwrr Ro�++o.Rr .i U I c rai +—..� CSiI"lOVNDwRY ♦i Lr O © Ir /4 �_e A . .liifffil �. I I. I. C 1 Y. 1. Ir ♦` I ri Ir �.;� 1 r� h 1. 1. � Ir L7 b p I. Ir N I. O TAT �= G b Ir Ir ■uu.1.50 1. . C ----covwrr Ro�++o.Rr .i U I c rai +—..� CSiI"lOVNDwRY ♦i Lr O © /4 �_e A DtSTRIQ ROCeD•4Y � r^`\ r L C p _�-rr .�A` NICNwwI'IRO.D ♦` C -�.l �.;� 1 _ � ♦ssusoa r•r 400clR•CLR•RLIl s L7 _i I•EUT�O(LSYIEETS SOLEDAD CANYON ROAD SAND CANYON ROAD TO SHADOW PINES BLVD. Ir v =i n Ir \ `�\r 1tCrCt{{tlitirtCrtitiE(. .1 Ir �1 ZCSY -006-Ow' 'moi\ ^1■{[[CLEC ri N♦ jar wTCY C6naR n v SECCq •�u1 I� �M rl n Vf fsr LL('ey1, - C14�\T 1'x111 A'4•Yl' 14 RYIfT m 4iw 1.A Y\' 114:11\1A\'I YIIA4 �� YAII.Y.Iw4 •(i(tV1Y YIAY Y. x1Y I f\I:f I fA xl; ry. OIY YI'I I. YI�IxfY .Is _ rl 46005 r 7taastEEuuu[naunEaErarlC FPS4 •GCS -C:! / i DIAGRAM INTERGRATED FINANCING ASSESSMENT DISTRICT S�+LE: % •ZO? NO. 92-4 CITY OF SANTA CLARfTA COUNTY OF LOS ANGELES _ STATE OF CALIFORNIA SOLEDAD CANYON ROAD SAND CANYON ROAD TO SHADOW PINES BLVD. Ir v =i n Ir \ `�\r 1tCrCt{{tlitirtCrtitiE(. .1 Ir �1 ZCSY -006-Ow' 'moi\ ^1■{[[CLEC ri N♦ jar wTCY C6naR n v SECCq •�u1 I� �M rl n Vf fsr LL('ey1, - C14�\T 1'x111 A'4•Yl' 14 RYIfT m 4iw 1.A Y\' 114:11\1A\'I YIIA4 �� YAII.Y.Iw4 •(i(tV1Y YIAY Y. x1Y I f\I:f I fA xl; ry. OIY YI'I I. YI�IxfY .Is _ rl 46005 r 7taastEEuuu[naunEaErarlC FPS4 •GCS -C:! / i City of Santa Clarita EXHIBIT "B" LEGAL DESCRIPTION Reference is made to the legal description, being too bulky in form, to be included in this document. Such information and road plans are on file with the City pf Santa Clarita. City of Santa Clarita EXIiIBIT "C" ASESSMENT ROLL The following fi.-ures do not include one time administration fees, interest or BKT credits. Development Tr 32519 Tr 34466 Tr 45113 Tr 45148 Tr 46005 Tr 47324 Tr 47803 Tr 49426 EXHIBIT "C" REPORT OF ENGINEER FOR CITY OF SANTA CLARITA SOLEDAD CANYON INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-4 ASSESSMENT ROLL Assessors Preliminary Numbe Assessment 2839-005-030 TOTAL 2840-015-032 2840-015-033 2840-015-031. 2840-015-035 2841-001-118 TOTAL 2839-006-021 2839-006-052 2839-006-053 2839-006-054 TOTAL 2840-013-005 TOTAL 2854-006-002 2854-006-013 TOTAL 2840-013-013 2840-013-014 2840-013-015 2840-014-022 2840-016-002 2840-016-021 TOTAL 2840-016-032 TOTAL 2839-005-030 TOTAL $ 166.000 S 166,000 $ 4,160 4,916 239,593 15,411 74.388 - $ 338;468 S 491,084 92,368 134.629 192.047 S 910,128 S 11.017 S 11,017 S 24,865 0 $ 24,865 S 973 2,515 3,354 16,078 11,675 46.909 S 81,504 S 158.480 S 158,480 27,169 S 27,168 PP 89-122 2840-007-023 566.000 TOTAL S 566,000 Amount as Changed and Modified $ 166.000 S 166,000 $ 4,160 4.916- 239.593 .916239,593 15,411 74.88 $ 338,468 S 491.084 92.368 134.629 S 192.047 $ 910,128 S 11.017 S 11,017 S 24,865 0 S 24,865 S 973 2,515 :1.354 16,078 11,675 46.909 S . 81,50.1 S 158.480 S 158,480 S 27.169 S 27,168 S 566.000 S 566.000