File #: 23-2023    Version: 1
Type: Agenda Item Status: Approved
File created: 10/30/2023 In control: Board of Supervisors
On agenda: 12/5/2023 Final action: 12/5/2023
Title: Auditor-Controller recommending the Board receive and file: 1) The attached Report of Special Tax Delinquencies for Community Facilities District No. 1992-1 (CFD 1992-1 Serrano); 2) The attached Report of Special Tax Delinquencies for Community Facilities District No. 2001-1 (CFD 2001-1 Promontory); 3) The attached Report of Special Tax Delinquencies for Community Facilities District No. 2005-1 (CFD 2005-1 Blackstone); 4) The attached Report of Special Tax Delinquencies for Community Facilities District No. 2014-1 (CFD 2014-1 Carson Creek); 5) The attached Report of Special Tax Delinquencies for Community Facilities District No. 2018-1 (CFD 2018-1 Bass Lake Hills); and 6) Adopt and authorize the Chair to sign the attached Resolutions 181-2023 (Serrano), 182-2023 (Promontory) and 183-2023 (Blackstone) authorizing judicial foreclosure of delinquent special tax installments pursuant to the CFD 1992-1, CFD 2001-1, and CFD 2005-1 Bond Indentures. FUNDING: N/A
Attachments: 1. A Delinquencies ltr_JHarn signed, 2. B 1992-1 Serrano Resolution, 3. C 1992-1 Blue Route approved, 4. D 2001-1 Promontory Resolution, 5. E 2001-1 Blue Route approved, 6. F 2005-1 Blackstone Resolution, 7. G 2005-1 Blue Route approved, 8. H 51003 Blackstone Report of Special Tax Delinqencies as of 10-23-23, 9. I 51005 Carson Creek Report of Special Tax Delinqencies as of 10-23-23, 10. J 51006 Bass Lake Hills Report of Special Tax Delinqencies as of 10-23-23, 11. K 51001 Serrano Report of Special Tax Delinqencies as of 10-23-23, 12. L 51002 Promontory Report of Special Tax Delinqencies as of 10-23-23, 13. Executed Resolution 181-2023, 14. Executed Resolution 182-2023, 15. Executed Resolution 183-2023
Title
Auditor-Controller recommending the Board receive and file:
1) The attached Report of Special Tax Delinquencies for Community Facilities District No. 1992-1 (CFD 1992-1 Serrano);
2) The attached Report of Special Tax Delinquencies for Community Facilities District No. 2001-1 (CFD 2001-1 Promontory);
3) The attached Report of Special Tax Delinquencies for Community Facilities District No. 2005-1 (CFD 2005-1 Blackstone);
4) The attached Report of Special Tax Delinquencies for Community Facilities District No. 2014-1 (CFD 2014-1 Carson Creek);
5) The attached Report of Special Tax Delinquencies for Community Facilities District No. 2018-1 (CFD 2018-1 Bass Lake Hills); and
6) Adopt and authorize the Chair to sign the attached Resolutions 181-2023 (Serrano), 182-2023 (Promontory) and 183-2023 (Blackstone) authorizing judicial foreclosure of delinquent special tax installments pursuant to the CFD 1992-1, CFD 2001-1, and CFD 2005-1 Bond Indentures.

FUNDING: N/A
Body
DISCUSSION / BACKGROUND
The Bond Indentures for CFD 1992-1 (Serrano), CFD 2001-1 (Promontory), CFD 2005-1 (Blackstone), CFD 2005-2 (Laurel Oaks), CFD 2014-1 (Carson Creek), and CFD 2018-1 (Bass Lake Hills), require the Auditor-Controller to annually provide the Board of Supervisors with a list of Special Tax delinquencies that exceed the threshold amounts identified in individual bond issuance documents for these CFDs. Attached are such lists as of October 23, 2023 for CFD 1992-1 (Serrano), CFD 2001-1 (Promontory), and CFD 2005-1 (Blackstone). CFD 2014-1 (Carson Creek), and CFD 2018-1 (Bass Lake Hills) have no delinquencies that exceed the threshold amounts. CFD 2005-2 (Laurel Oaks) has no delinquencies.

The Bond Indentures for these CFDs require the County to institute foreclosure proceedings on parcels that are delinquent in the amount exceeding the threshold identified in the bond issuance documents. As of October 23, 2023 there are nineteen (19) such parcels.

Nine (9) parcels are located within Serrano, eight (8) parcels are located within Promontory, and two (2) parcels are located within Blackstone. Attached are the Resolutions authorizing the judicial foreclosure of these delinquent special assessment taxes. The County is currently under contract with Calfee & Konwinski as counsel for foreclosure on liens of unpaid special taxes. Upon approval of the attached Resolutions, these matters of foreclosure may be referred to counsel to begin foreclosure proceedings.


ALTERNATIVES
N/A

PRIOR BOARD ACTION
N/A

OTHER DEPARTMENT / AGENCY INVOLVEMENT
N/A

CAO RECOMMENDATION / COMMENTS
Approve as recommended.

FINANCIAL IMPACT
No impact. Foreclosure costs should be reimbursed from foreclosure proceeds or funded by Special Tax proceeds collected for the CFDs.

CLERK OF THE BOARD FOLLOW UP ACTIONS
The Board Clerk will file the attached Report of Special Tax Delinquencies for CFD 1992-1.

The Board Clerk will file the attached Report of Special Tax Delinquencies for CFD 2001-1.

The Board Clerk will file the attached Report of Special Tax Delinquencies for CFD 2005-1.

The Board Clerk will file the attached Report of Special Tax Delinquencies for CFD 2014-1.

The Board Clerk will file the attached Report of Special Tax Delinquencies for CFD 2018-1.

The Board of Supervisors will adopt Resolutions of the County of El Dorado ordering judicial foreclosure of delinquent special assessment installments pursuant to the CFD 1992-1, CFD 2001-1, and CFD 2005-1 Bond Indentures. The Board Clerk will forward two (2) certified Resolutions to the Auditor-Controller for processing.

STRATEGIC PLAN COMPONENT
N/A

CONTACT
Joe Harn