File #: 16-1194    Version: 1
Type: Agenda Item Status: Approved
File created: 11/17/2016 In control: Board of Supervisors
On agenda: 12/6/2016 Final action: 12/6/2016
Title: Auditor-Controller recommending the Board: 1) Receive Reports of Special Tax Delinquencies for Community Facilities District 1992-1 (CFD 1992-1 Serrano), Community Facilities District 2001-1 (CFD 2001-1 Promontory), and Community Facilities District 2005-1 (CFD 2005-1 Blackstone); and 2) Adopt and authorize the Chair to sign Resolutions 195-2016 (CFD 1992-1 Serrano), 196-2016 (CFD 2001-1 Promontory) and 197-2016 (CFD 2005-1 Blackstone) authorizing judicial foreclosures of delinquent special tax installments pursuant to the CFD 1992-1, CFD 2001-1, and CFD 2005-1 Bond Indentures.
Attachments: 1. A - Spec Tx Delinq Ltr JHarn 12-6-16, 2. B - Serrano_Reso 12-06-16, 3. C - Promontory_Reso 12-06-16, 4. D - Blackstone_Reso 12-06-16, 5. E - Serrano_Exhibit A 12-06-16, 6. F - Promontory_Exhibit A 12-06-16, 7. G - Blackstone_Reso Exhibit A 12-06-16, 8. H - Spec Tx Delinq Transmittal 12-06-16, 9. I - Blue Route 12-06-16, 10. Executed Resolution 195-2016, 11. Executed Resolution 196-2016, 12. Executed Resolution 197-2016
Title
Auditor-Controller recommending the Board:
1) Receive Reports of Special Tax Delinquencies for Community Facilities District 1992-1 (CFD 1992-1 Serrano), Community Facilities District 2001-1 (CFD 2001-1 Promontory), and Community Facilities District 2005-1 (CFD 2005-1 Blackstone); and
2) Adopt and authorize the Chair to sign Resolutions 195-2016 (CFD 1992-1 Serrano), 196-2016 (CFD 2001-1 Promontory) and 197-2016 (CFD 2005-1 Blackstone) authorizing judicial foreclosures of delinquent special tax installments pursuant to the CFD 1992-1, CFD 2001-1, and CFD 2005-1 Bond Indentures.
Body
DEPARTMENT RECOMMENDATION
The Auditor-Controller recommends the Board of Supervisors receive and file the attached Report of Special Tax Delinquencies for Community Facilities District No. 1992-1 (CFD 1992-1 Serrano).

The Auditor-Controller recommends the Board of Supervisors receive and file the attached Report of Special Tax Delinquencies for Community Facilities District No. 2001-1 (CFD 2001-1 Promontory).

The Auditor-Controller recommends the Board of Supervisors receive and file the attached Report of Special Tax Delinquencies for Community Facilities District No. 2005-1 (CFD 2005-1 Blackstone).

The Auditor-Controller recommends the Board of Supervisors adopt the attached Resolutions authorizing judicial foreclosure of delinquent special tax installments pursuant to the CFD 1992-1, CFD 2001-1 and CFD 2005-1 Bond Indentures.

DISCUSSION / BACKGROUND
The Bond Indentures for CFD 1992-1 (Serrano), 2001-1 (Promontory), 2005-1 (Blackstone) and 2005-2 (Laurel Oaks) require the Auditor-Controller to annually provide the Board of Supervisors with a list of Special Tax delinquencies relevant to these CFDs. Attached are such lists for tax year 2015 as of October 3, 2016 for CFD 1992-1 (Serrano), 2001-1 (Promontory), and CFD 2005-1 (Blackstone). There are no delinquencies for tax year 2015 in CFD 2005-2 (Laurel Oaks).

The Bond Indentures for these CFDs require the County...

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