File #: 17-1297    Version: 1
Type: Agenda Item Status: Approved
File created: 11/17/2017 In control: Board of Supervisors
On agenda: 12/12/2017 Final action: 12/12/2017
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 2005-2 (CFD 2005-2 Laurel Oaks); and 2) Adopt and authorize the Chair to sign Resolutions 182-2017 (CFD 1992-1 Serrano), 183-2017 (CFD 2001-1 Promontory) and 184-2017 (CFD 2005-2 Laurel Oaks) authorizing judicial foreclosures of delinquent special tax installments pursuant to the CFD 1992-1, CFD 2001-1, and CFD 2005-2 Bond Indentures.
Attachments: 1. A - Spec Tx Delinq Ltr JHarn 12-12-17, 2. Executed Resolution 182-2017 BOS 12-12-17, 3. B - Serrano Reso 12-12-17, 4. Executed Resolution 183-2017 BOS 12-12-17, 5. C - Promontory Reso 12-12-17, 6. Executed Resolution 184-2017 BOS 12-12-17, 7. D - Laurel Oaks Reso 12-12-17, 8. E - Serrano Exhibit A 12-12-17, 9. F - Promontory Exhibit A 12-12-17, 10. G - Laurel Oaks Exhibit A 12-12-17, 11. H - Spec Tx Delinq Transmittal 12-12-17, 12. I - Blue Route 12-12-17
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 2005-2 (CFD 2005-2 Laurel Oaks); and
2) Adopt and authorize the Chair to sign Resolutions 182-2017 (CFD 1992-1 Serrano), 183-2017 (CFD 2001-1 Promontory) and 184-2017 (CFD 2005-2 Laurel Oaks) authorizing judicial foreclosures of delinquent special tax installments pursuant to the CFD 1992-1, CFD 2001-1, and CFD 2005-2 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 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 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 2005-2 (CFD 2005-2 Laurel Oaks).

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 2005-2 Bond Indentures.

DISCUSSION / BACKGROUND
The Bond Indentures for CFD 1992-1 (Serrano), 2001-1 (Promontory), 2005-1 (Blackstone), 2005-2 (Laurel Oaks) and CFD 2014-1 (Carson Creek) 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 for tax year 2016 as of November 9, 2017 for CFD 1992-1 (Serrano), 2001-1 (Promontory), and CFD 2005-2 (Laurel Oaks). CFD 2005-1 (Blackstone) and CFD 2014-...

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