Title
Auditor-Controller's Office recommending the Board:
1) Receive and file:
a) The attached Report of Special Tax Delinquencies for Community Facilities District No. 1992-1 (CFD 1992-1 Serrano);
b) The attached Report of Special Tax Delinquencies for Community Facilities District No. 2001-1 (CFD 2001-1 Promontory);
c) The attached Report of Special Tax Delinquencies for Community Facilities District No. 2005-1 (CFD 2005-1 Blackstone);
d) The attached Report of Special Tax Delinquencies for Community Facilities District No. 2014-1 (CFD 2014-1 Carson Creek);
e) The attached Report of Special Tax Delinquencies for Community Facilities District No. 2018-1 (CFD 2018-1 Bass Lake Hills); and
f) The attached Report of Special Tax Delinquencies for Community Facilities District No. 2024-1 (CFD 2024-1 Carson Creek Heritage Village 11); and
2) Adopt and authorize the Chair to sign the attached Resolution 166-2026 for CFD 2001-1 (Promontory) authorizing judicial foreclosure of delinquent special tax installments pursuant to the CFD 2001-1
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), CFD 2018-1 (Bass Lake Hills), and CFD 2024-1 (Carson Creek Heritage Village 11), 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 September 11, 2026 for CFD 2001-1 (Promontory). There appear to not be any parcels with delinquency amounts that exceed their individual foreclosure requirements as dictated by bond documents for CFD 1992-1 (Serrano), CFD 2005-1 (Blackstone), CFD 2014-1 (Carson Creek), CFD 2018-1 (Bass Lake Hills), and CFD 2024-1 (Carson Creek Heritage Village 11). There is no report for CFD 2005-2 (Laurel Oaks) as there are no delinquencies.
The Bond Indentures for these CFDs require the County to initiate foreclosure proceedings on parcels that are delinquent in the amount exceeding the threshold identified in the bond issuance documents. As of September 11, 2026, there are nine (9) such parcels.
All nine delinquent parcels are within CFD 2001-1 (Promontory). Attached is a Resolution 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 Resolution, 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
[ ]
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 Clerk will file the attached Report of Special Tax Delinquencies for CFD 2024-1.
The Board of Supervisors will adopt a Resolution of the County of El Dorado ordering judicial foreclosure of delinquent special assessment installments pursuant to the CFD 2001-1 Bond Indentures. The Board Clerk will forward two certified Resolutions to the Auditor-Controller for processing.
STRATEGIC PLAN COMPONENT
N/A
CONTACT
Joe Harn