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Home My WebLink AboutMINUTES - 07191988 - 1.54 RESOLUTION NO. 88/456 RESOLUTION DETERMINING ASSESSMENTS REMAINING UNPAID DISCOVERY BAY SEWAGE TREATMENT PLANT UPGRADE ASSESSMENT DISTRICT NO. 1987-2 COUNTY OF CONTRA COSTA, STATE OF CALIFORNIA The Board of Supervisors of the County of Contra Costa resolves: The County Treasurer has filed a list of all payments received on account of assessments levied in Discovery Bay Sewage Treatment Plant Upgrade, Assessment District No. 1987-2, and a list of all assessments or portions of assessments unpaid after thirty (30) days following the recordation of the assessments. A copy of the Paid and Unpaid List is attached to this resolution as Exhibit A and included in it. The Board of Supervisors shall issue improvement bonds under the provisions of the Improvement Bond Act of 1915 of the State of California upon the security of the assessments showh as unpaid on the attached list. The Clerk of the Board shall transmit a copy of this resolution to the County Auditor. The County Auditor is requested to comply with the provisions of Section 8682 of the Streets and Highways Code in the collection of installments of these assessments on the assessment roll for taxes. I HEREBY CERTIFY that the foregoing resolution was duly and regularly adopted by the Board of Supervisors of the County of Contra Costa, State of California, at a regular meeting thereof, held on the 19th day of July, 1988 . AYES: Supervisors Powers, Fanden, ,McPeak, Torlakson and Schroder NOES: None ABSENT: None ATTEST: July 19, 1988 PHIL BATCHELOR, Clerk of the Board of Supervisors and cc: Public Works Director County Administrator Treasurer Tax Collector Bond Counsel By Engineer of Work Auditor/Controller RESOLUTION NO. 88/456 DISCOVERY BAY SEWAGE TREATMENT PLANT UPGRADE ASSESSMENT DISTRICT NO. 1987-2 COUNTY OF CONTRA COSTA, STATE OF CALIFORNIA ' PAID AND UNPAID LIST Table of Contents Page Paid List (Assessments Paid in Full) . . . . . . . . . . 1-2 Unpaid List.. . . . . . . . . . . . . . . . . . 3 Summary of Assessments Paid and Unpaid 4 Breakdown of Parcels with Unpaid Assessments Other Than $681. 00 and Parcels- with $0. 00 Assessment 5-11 List of Assessments Partially. Paid EXHIBITA DISCOVERY BAY SEWAGE TREATMENT PLANT UPGRADE ASSESSMENT DISTRICT NO. 1987-2 , COUNTY OF CONTRA COSTA, STATE OF CALIFORNIA PAID LIST Assessment Nos. Paid in Full (Each paid $643.55) : 5 6 7. 9 '10 , 16 2'0 2,2 28 29 31 32 '34 - 36 39 46 51 54 . 5.7 61 67 70 73 76 77 83 87 8':'8 90 94 98 102 106 107 108 120 127 141 153 155 157 165 174: ` 178. 179 187 188 189 . 192 207 273 302 . ' 495 496 498 499 501 5`06' 507 509 510. 512 514 515 516 517, 519 . 520 521 . 525 526 531 532 534 535 536 540- 541 546 553 555 556 559 564 567 568 569 570 576 577 583 589 592 595 598 599 600 6,`,03 605 .606 607 608 609 614 615, 616 617 6'22 630 631 632 635 - 640 ` 643 650 652 653 654 657 662 .666 667 668: 678 " 683 684 687 -692 693 697 703 707. 716 718 722 723 724 725 733 735 737 738 740 745 748 749 750 752 753 755 756 757 758 760 761 765 776 7,78 779 781 , 786 787 788 793 794 795 796" 7;98 . 807 -808 - 809 .810 :817 819 _823 825. 825 8!.29 '830 833 834 836 , 837 840 848 852 855 857 858 862 864 865 868 870 871 , 874 879 887 891 892 893 894 897 . 899 900 902 903 904 - 905 906 '910 911 912 915 918 920 921 9,24 926 927 . .930 933 . 934 . 942 946 949 954 960 - 968 . 980 990 992 1001 1003 .1004 1014 1016- 1018 1027 1031 1034 1039 1040 1041 _ 1047 1049 1052 1054 1057 1058 1059 1062 1063 1064 1065 1067 1068 1069 1071 1074 1077. 1078 1087 1088 1089 1092" '1094 1095 1096 1098 1105 1107 1108 1115 1116 1117 1118 1.121 1122 1124 1125 1121 1128 1130 1133 1141 1147 . 1148 115.5 .1159 1160 1162 1163 1171 '1173 _ 1181 1182 118.5 1194 1201 1202 1206 1207 1210 1212, 1221 1223 1224 1227,• 1228 1229 1230 1231 1232 1233 1234 1236 . -1.238 1239 1243 1244 1245124.6 1249 1250 1251 1254: 1255 1257 1260 1265 1266 1268 12.69 1277 1279 1285 1286, 1288 1292 1296 1297 1298 1299 1300 1301 1307 1'310 1312` 1315 ' 1317 1321 1322 1327-11328 1329: 1332 1'341 13.44. 1345 . 1346 1354 1355 1356 . 1359 1361 1363 1,369 .1370 1373 1382 1383 1384 1388 1395 1396 1.397 1400 14-01, 1403 1404 14.06 . 1413 1415 1422 1423 1425 1432 1438 1439 1440 -.1441 1446 1451 1452 1467' 1469 1473 1484 1488 Assessments Paid in- Full ,i 1499 - 1501 1502 1511 ., 1512 1515 ' 1518 1`519 1521 1525 1536 - 1539 1542 ,1549 1552 1554 1556 1558 1561 1562, 1563 1576 1577 1578 ` 1580 1585 1590 1592 1595 1596 1597 1603- ', 1614• 1616 . 1618 1619 1621 1626 1627 1628 1633 1634 1643 1644 1645 1648 1649 1651 1652 1654 1655 1657 1660 1661 1664. 1665 1666 11668 1669 1670, 1672 1673 , 1676 1677 1681 1682 1684 1685 . 1688 1690 1693 1699 1700 1701 1703 1705 1706 1,707 1709 1710 1712 1715 11717 1722 1723 1725 1726 1,728 1730 1733 1734 1736 1739 1740 1742 1749 1750 1751 1753 1759 1767 1768 1769. 1771 1772 17.74 1775 1776 1779 1786 1787 1790 1795 179.6 1797 1799 1800 1803 1806 1809 1818 1821 1822 1828 1832 1833 1834 183.5 1836 1837. 1838 1842 1849 1850 - 1852 1853 1854 1856 1857 1858 1859 1860 .1862 1867 1869 1870 1871 1875 1876 1877 ' 1884 1885 1892 1897 11898 1900 .1914 1:916 1920 1922 1926 1928 1938 1942 11944 1946 1947 1949 1964 1965 1966 1968 1970 1972 '1977. 1978 1979 17982. 1983 1984 1988 2012 2014 2015 2016 2019 2025 2028 2029 2030 2031 2032 2033 2043 2048 2049 2051 2054 ' ' 2056 2057 2059 2062 -2064 2065 2069 2070 . 2072 2,073 2074 2077 2078 .2079 2081 2084 ;2085, 2092 2094 2096 2101 2105 2106 2115 2119 2 12 1 2122 2123 2125 2128 2130 2133 2136 2143 2145 2146 ' 2147 2151 2159* 2162 2163 2164 2171 2176 217.7 2181 2188 2190 2191 2193 2194 2196 2199 2202 2203 2204 2205 .2206 2207 ' 2208 2209 2210 2211 2218 2220 2222 2224 2225 2227. 2231 2232 2240 2241 2245 2247- 2249 2250 2251 . 2253 2°254 2255 2256 , 2257. - 2260 2261 2262 2268 . 2269 22.70 2271 2272 2273 2280 2283 2,284 2289 2290 . 2296 2299 2302 2306 2308 2309 2317 2318 2319. 2321 2327 2329 2'330 2332 2338 2344 2345 2346 . 2347. , 2348 2351 2355 2356 2361 2362 2364 2368 2372 2376. 2380 2381 2382 2;385 2388 2389 2392 . 2394 2397 2430 2431 2433 2436 2439 2444 2446 2447 2452 . 2459 2462 2473 2476 .2478 2'482 2485 2489 2494 2498 2539 25,44 2561 256.2 2563 '2'-'571 2572 2577 2578 2579 2583 2589 2596 2599 2600 2602 2607 2608 2616 2621 2622 2623 2624 2628 2649' 2.653 2677 2685 2714 2733 2734 SUMMARY OF PAID LIST 783- payments in full: 782 @ $ 643.55 each $503, 256. 10 1 . @ $1,930. 64 (*Assessment #2.159) 1, 930. 64 78 .partial payments (see attached list) 12 , 036. 72 Total payments received $517, 223 . 46 - 2 UNPAID LIST 2008 parcels assessed at .$681. 00 each $1, 367,448. 00 13 parcels assessed at varied amounts 764 , 84.9. 00 Total unpaid balance of 78 parcels -which made partial payments (see attached list) 40, 380. 65 Total Assessment Unpaid $2, 172, 677. 65 3 SUMMARY OF ASSESSMENTS PAID AND UNPAID PAID UNPAID 782 parcels paid in , full @ $643 .55 $503 ,256. 10 1 parcel (Assessment No. 2159) paid in full. $ 1,930. 64 78 parcels paid partially (see attached list) 12, 036.72 40, 380. 65 2 , 008 parcels unpaid (assessed @ $681.00) $1,367,448 . 00 13 parcels unpaid (assessed at various amounts) $ 764 , 849 . 00 2, 882 parcels $517, 223..46 $2, 172, 677. 65 69 parcels with $0. 00 assessment 2 parcels with assessment numbers assigned but not used (#0480 and #1564) 2 ,953 parcels 4 BREAKDOWN OF' PARCELS WITH UNPAID ASSESSMENTS OTHER THAN.' $681. 00 AND PARCELS WITH $0.. 00 ASSESSMENT . Assessment Amount No. . Parcel No. Name & Address Assessed -Unpaid . 0231 0090710153 Cypress Landing Assoc. P.O. Box 'C-19560 Irvine, CA 92713 $0. 00 0232 0090710161 -same- $0.,00 0233 0090710179 Hofmann Construction Co. " . P.O. Box 907 Concord, CA 94522 $0. 00 0272 0090720392 -same- $0. 00 0292 009.0810201 -same $0. 00 0293. 0090810219. -same- $0:00 0294 0090810227 Cypress Landing Assoc. P.O. Box C-19560 Irvine, CA 92713 $0: 00 0295 0090810235 -same- $0.00 . 032.2. 0090820275 Lusk .Company . c/o Juanita Luperin.e .6250 Village Pkwy Dublin, CA 94566 . $0. 00 0361 0090900390 New Discovery Inc. c/o Goy Fuller P.O. Box 907, : Concord, CA 94522 $0.00 0386 0091010256 -same- $0. 0.0 '0399 009102,0131 -same- $0. 00 0444 . 0091100453 -same- $0.00 - 0474 0091200303 -same- $0. 00 0475 ,0.092200047 Contra Costa county 255 Glacier Dr. Martinez, CA-.94553 $0: 00, Assessment Amount No. Parcel No. Name .& Address Assessed Unpaid 0476 0092200054 Reclamation District #800 P.O. Box 1461 Stockton, CA 95201 $0.00 0477 0092200088 Hofmann Discovery Joint Vent. 1035 Detroit Ave. Concord, CA 94522 $0.00 0478 0092200096 -same- $0.00 0479 0092300078 New Discovery Inc. c/o Goy Fuller P.O. Box 907 Concord., CA 94522 . $0. 00 0480 0092300151 -same NOT USED 0481 0092300169 -same.- $ 3 , 405. 00 0482 0092300177 -same- $0. 00 0483 0092300185 -same- $0.00 0484 00923002.01 -same- $427 , 754 . 00 0485 0092400035 -same $ 3 , 405. 00 0486 0092400084 Byron Union School District Rt. 1 Box 48 Byron, CA 94514 $0. 00 0487 0092400175 CCC Sanitation Dist #19 c/o ,Public Works Dept. 255 Glacier Dr. Martinez, CA 94553 $0.00 0488 0092400183 New Discovery Inc. c/o Goy Fuller P.O. Box 907 Concord, CA 94522 $ 7 , 491 . 00 0489 0092400225 -same- $0. 00 0490 0092400241 -same- $ 17, 025. 00 0491 0092500282 -same- $266, 271. 00 6 r Assessment Amount No. Parcel No. Name & Address Assessed Unpaid 0492 0092900026 Reclamation dist 800 St of Ca P.O. Box 1461 Stockton, CA 95201 $0 . 00 0493 0092900083 -same- $0.00 0522 0093000313 Lido Circle Marina P.O. Box 274 Byron, CA 94514 $0. 00 0586 0093150068 CCC Sanitation District #19 Admin. Bldg. Martinez, CA 94553 $0.00 0587 0093150076 -same- $0. 00- 0854 0093800423 Reclamation District #800 P.O.. Box 1461 Stockton, CA 95201 $0. 00 1035 0094200029 -same- $0. 00 1036 0094200037 Dominion Properties Inc. c/o Founders Title Co. 3000 Clayton Rd. Concord, CA 945.22 $0. 00 1172 0094510625 Marina Inner Cir Tnhmes Assn c/o John Homan P.O. Box 520 Byron, CA 94514 $0. 00 1197 0094520269 -same- $0. 00 1334 0094700812 Scott Leon and Smith Richard P.O. Box 7471 Stockton, CA 95207 $0. 00 1335 0094500034 CCC Sanitation District #19 Admin Blvd Martinez, CA 94553 $0. 00- 7 Assessment Amount No. Parcel No. Name & Address Assessed Unpaid 1336 - 0094800042 Contra costa. County c/o Byron Fire Protection Dist P.O. Box 40 Byron, CA 94514 $0. 00 1337 0094800067 New Disc Bay Yacht & Ctry Club P.O. Box 907 Concord, CA 94522 $ 31405. 00 .1338 0094800075 CCC Sanitation district #1'9 651 Pine St. Martinez, CA 94553 $0. 00 1357 0094910189 Reclamation District #800 P.O._ Box 1461 Stockton, CA 95201 $0. 00 1358 - 0094910197 -same- $0.00 1376 0094920188 -same- $0. 00 1399 0095020178 -same- $0.00 1427 0095030284 -same- $0. 00 1497 0095220190 Contra Costa County Admin. Bldg. Martinez, CA 94553 $0. 00 1564 0095410015 Hofmann Discovery it Vent 1035 Detroit Ave. Concord, CA 94522 NOT USED 1629 0095620035 Carlson Nels E Jr. P.O. Box 997 Concord, CA 94522 $ 2 ,724 . 00 1630 0095620050 Hofmann K H P.O. Box 907 Concord, CA 94522 $ 5, 448 . 00 1631 0095620068 New Discovery Inc. c/o Goy Fuller P.O. Box 907 Concord, CA 94522 $ 10, 215 . 00 . 8 . Assessment Amount No. Parcel No. Name & Address Assessed Unpaid 1-632 0095.700019 Hofmann Discovery Jt. Vent 1035 Detroit Ave. Concord, CA 94522 $0.100 1791 0096100011 Reclamation Dist 800 St of Ca P.O. "Box 1461 Stockton, CA 95201 $0.,.0'0 1792 0096100.029 -same- $0. 00 1793 0096200019 same- $0.:00 2042 0.096900535 Sand . Bay Isle Homeowner s Assn c/o Hanly Accountants Inc. P.O. Box 1308 Roseville, 'CA 94678 $0.11;100 2.154 0097200018 New Discovery Inc. C/o Goy -Fuller P.O. Box 907 Concord, "CA 94522 $0.`00 2155 0097300057 ' Discovery Bay Marina Prop c/o Alta , Escrow Co. P.O. Box 6529 Concord, CA 94521 $ 6, 810. 00 2156 0097300065. -same- $0. 00 . 2157. 0097.300073 Harbor Bay CondominiumAssn c/o Transamerica. Title ';Ins. Co. 6850 Regional St. Dublin, CA 94568 $0. 00 2158 0091300081 New Discovery Inc. c/o Goy Fuller P.O. ' Box 907 Concord, CA 94522 $ 6, 810. 00 .9 Assessment Amount No. Parcel No. Name & Address Assessed Unpaid 2391 - 0097800502 Common Area Tract 6274 No address $0. 00 2522 0098140015 New Discovery Inc. c/o Goy Fuller P.O. Box 907 Concord, CA 94522 $ 41086. 00 2584 0098300346 Common Area Tract 6273 No address $0. 00 2635 0098400419 Common Area Tract 6272 No address $0. 00 2654 0098500291 Discovery Bay CC Res Assn 1380 -Galaxy Way Concord, CA 94520 $0. 00 2655 0098500309 -same $0. 00 2679 0098600240 -same- $0. 00 2680 00986002.57 -same- $0. 00 2681 0098600265 -same- $0. 00 2697 0098700164 -same- $0. 00 2698 0098700172 -same- $0. 00 2699 0098700180 CCC Sanitation District #19 2280 Diamond Blvd #440 Concord, CA 94520 $0. 00 2848 009130011 New -Discovery Inc. c/o Goy Fuller P.O. Box 907 Concord, CA 94522 $0. 00 2849 009130011 -same- $0. 00 2867 009140034 -same- $0.00 2868 009140034 -same- $0. 00 2869 . 009140034 Contra Costa County 255 Glacier Dr. Martinez, CA 94553 $0 . 00 10 Assessment Amount No. Parcel No. Name &' Address Assessed Unpaid 2886 009230023 New Discovery Inc. c/o Goy 'Fuller P.O. Box 907 Concord,. CA 94522 $0.00 13 parcels with assessments other than $681.00 unpaid $764,849.00 69 parcels with $0. 00 assessment 11 .4 LIST OF ASSESSMENTS PARTIALLY PAID PAGE 1 DISCOVERY BAY SEWAGE TREATMENT PLANT UPGRADE ASSESSMENT DISTRICT NO. 1987-2 COUNTY OF CONTRA COSTA, STATE OF CALIFORNIA - ------------------------------------------------------------------------------- ASSESSMENT NUMBER AMOUNT PAID CREDITED UNPAID ----------------------------------7-------------------------------------------- 26 $681 .00 $145 . 73 $154.21 $526.79 33 681 .00 136. 20 144. 13 536. 87 53 681 . 00 100. 00 105 .82 575. 18 92 681 .00 136. 20 144. 13 536. 87 93 681,00 136. 20 144. 13 536. 87 152 681 .00 136.20 144. 13 536. 87 154 681 .00 136.20 144. 13 536. 87 156 681 .00 136. 20 144. 13 536. 87 158 681 .00 136.20 144. 13 536.87 159 681 .00 136.20 144. 13 536.87 186 681 . 00 140.00 148. 15 532.85 191 681 .00 136. 20 144. 13 536. 87 500 681 . 00 100.00 105. 82 575. 18 533 681 . 00 150.00 158.73 522. 27 544 681 . 00 136.20 144. 13 536. 87 588 681 . 00 134.40 142.22 538. 78 651 681 . 00 136. 20 144. 13 536. 87 661 681 . 00 136. 20 144. 13 536 . 87 669 681 . 00 50. 00 52.91 628. 09 670 681 . 00 . 100. 00 105. 82 575. 18 701 681 .00 136.20 144. 13 536. 87 719 681 . 00 150.00 158.73 522. 27 . 791 681 .00 136.20 144. 13 536. 87 79.9 681 . 00 136.20 144. 13 536.87 846 681 . 00 145. 74 154.22 526. 78 979 681 .00 181 .00 191 . 53 489.47 1091 681 . 00 136. 20 144. 13 . 536. 87 1109 681 .00 150.00 158.73 522.27 1156 681 . 00 ` 340. 50 360.32 320.68 1179 681 .00 136. 20 144. 13 536. 87 1256 681 . 00 136.20 144. 13 536. 87 1274 681 . 00 150. 00. 158. 73 522. 27 1282 681 .00 136. 00 143.92 537. 08 1295 681 . 00 100. 00 105 . 82 575 . 18 1381 681 . 00 135 . 00 142. 86 538. 14 1402 681 . 00 150. 00 158.73 522. 27 1412 681 . 00 321 . 80 340. 53 340.47 1442 681 . 00 100.00 105 . 82 575 . 18 1472 681 . 00 136. 20 144. 13 _536. 87 1481 681 . 00 300. 00 317.46 363 . 54 LIST OF ASSESSMENTS PARTIALLY PAID PAGE 2 DISCOVERY BAY SEWAGE .TREATMENT PLANT UPGRADE, ASSESSMENT. DISTRICT NO. '1987-2 COUNTY OF . CONTRA COSTA, ' STATE OF •CALIFORNIA ASSESSMENT NUMBER AMOUNT PAID : CREDITED UNPAID ------------ -------------------- 1489 $681.00 $50.00 , $52.91 $628•. 09 1524 681'.00 20. 00 21 . 16 659. 84 1538 681 .00 350. 00 370.37 310.63 1565 681 .00 136.20 ` 144. 13 536.87* 1587 681 .00 150.00 158.73 522. 27 1599 681 .00 137.00 1,44.97 536.03 1615 681`.00 136. 20 144. 13 536.87 1635 681 .0.0 136.20 144.13 536. 87 1636 681..00 136,. 20. 144. 13 536. 87 1647 '681,:00 150.00 158. 73 522.27 1663 681-..00 340. 50 .360.32 320.68 1691 681 00 200.00 211 -64 469.36 1692 : 681 . 00 136.2D 144. 13 536. 87 1758 . 681 .00 243. 55 . 257.72 423 .28 1816'.. 681 .00 '120.00 126.98 554. 02 1873 681 .00 325.0.0 343.92 337. 08 1910 681 . 00 136 20 144.13 536. 87 1912 : 68.1 . 00 136..20' 144. 13 536 . 87 1941 681 .00 200.00 211.64 469.36 1971 681 .00 136.20 144: 13 536 . 87 2021 681, 00 ' 50.00 52.91 628. 09 2044 - 68:1 .00 136. 20 144. 13 53.6.87 2068 681 .00 200. 00, 211 .64 469. 36. 20:75 681.00 243 . 55 257.72 423 .28 2110 68,1 ..00 136. 20 144..13 536. 87 2153 681 . 00 100. 00 105 ..82 575 . 18 2166 681 . 00 '300. 00 317.46 363 . 54 2189 681 . 00 136:20 144. 13 536.87 2258 681.00 136. 20 144. 13 536. 87 2298 681 . 00 300.00, 317.46 363 . 54 2311 681 . 00 50. 00 . 52.91 628. 09 2352 681 . 00, 200. 00: 211.64 469 . 36 2365 681 . 00 143 . 55 . 151 .90 529. 10 681 .00 25. 00; . 26.46 654 . 54 23'75 2435 681 . 00 100. 00 105. 82 575. 18 2445 68,1 : 00 136.20 144:.13 536 . 87 2456 .681 . 00 200. 00 .• 211 .64 469. 36 2604 68.1- 00 200. 00 211 .64 469 . 36 $53 ,'118. 00 $12, 036. 72; $„12, 737 35 140.,380.65 RESOLUTION NO. 88/457 RESOLUTION AUTHORIZING ISSUANCE OF BONDS DISCOVERY BAY SEWAGE TREATMENT PLANT UPGRADE ASSESSMENT DISTRICT NO. 1987-2 COUNTY OF CONTRA COSTA, STATE OF CALIFORNIA The Board of Supervisors of the County of Contra Costa resolves: Section 1. RECITALS. On February 23, 1988, the Board of Supervisors of the County of Contra Costa adopted its resolution of intention to order improvements in Discovery Bay Sewage Treatment Plant Upgrade, .Assessment District No. 1987-2, County of Contra Costa, State of California, under the provisions of the Municipal Improvement Act of 1913 (the "Act") , as amended.. Proceedings taken under the Act led to the levy of a special assessment by the Board of Supervisors against parcels of land within the assessment district in the total amount of $2,719, 000.00. These assessments have been recorded in the office of the County Recorder of the County of Contra Costa, and thereupon became a lien on each parcel assessed. The period within which parcel owners might pay .their assessments in cash without interest expired on or about May 27 , 1988. Section 2. ISSUANCE OF BONDS. The Board of Supervisors hereby authorizes the issuance of improvement bonds under the provisions of the Improvement Bond Act of .1915 to represent unpaid assessments in an amount not to exceed $2 , 172, 677 . 65. The bonds shall be designated, "Limited Obligation Improvement Bond, County of Contra Costa, State of California, Series No. 1987-2 . " Bonds shall be issued in denominations of $5000 or integral multiples thereof, except for Bond No. 1, which may be an odd amount, and shall be dated August 2, 1988. Bonds shall mature and shall bear interest at the rates set forth in the table attached as Exhibit A. RESOLUTION NO. 88/457 Section 3 . APPOINTMENT OF PAYING AGENT: REGISTRAR AND TRANSFER AGENT. The Board of Supervisors hereby appoints the Bank of America National Trust and Savings Association as paying agent, registrar and transfer agent for the bonds in accordance with an agreement between the County of Contra Costa and Bank of America. Section 4. •FORM AND EXECUTION. Bonds shall be issued as fully registered bonds substantially in the form set forth .as Exhibit B to this resolution. The bonds shall be signed by the County Treasurer and the Clerk of the Board of Supervisors and the ,seal of the County shall be affixed. Both signatures and seal may be reproduced on the bonds by facsimile, but upon its registration or reregistration each bond shall be authenticated by the manual signature of the registrar. The paying agent shall assign to each bond authenticated and registered by it a distinctive letter, or number, or letter and number, and shall maintain a record thereof which shall be available to the County for inspection. - Section 5. ESTABLISHMENT OF SPECIAL FUNDS. For administering the proceeds of the sale of bonds and payment of interest and principal on the bonds, there are hereby established five funds to be known as the improvement fund, the redemption fund, the investment earnings fund, the excess investment earnings fund and the special reserve fund, respectively, for Discovery Bay Sewage Treatment Plant Upgrade, Assessment District No.. 1987-2 . . Section 5. 1. IMPROVEMENT FUND. Except as provided in Section 5. 3, proceeds of sale of the, bonds, together with all amounts paid on the assessments prior to bond issuance, shall be deposited in the improvement fund to be maintained by the County Treasurer. Disbursements from the improvement fund shall be made by the County Treasurer in accordance with the budget of estimated 2 costs and expenses set forth in the engineer's report heretofore approved by the Board of Supervisors, which report and budget are subject to modification by the Board from time to time as prescribed by the Act. Section 5.2 . , REDEMPTION FUND. The redemption fund shall be maintained by the County Treasurer. All payments of principal and interest installments on the assessments, together with penalties, if -any, shall be deposited in the redemption fund, which shall be a trust fund for the benefit of the bondholders. Payment of the bonds at maturity, or at redemption prior to maturity, and all interest on the bonds shall be made from the redemption fund. Section 5. 3 . SPECIAL RESERVE FUND. The special reserve fund shall be maintained by the County Treasurer. There shall be deposited into the special reserve fund the amount of $65, 180. 33 from the proceeds of the sale of bonds. A. During the term 'of- the bonds, . the amount in the special reserve fund shall be available for transfer into the redemption fund in accordance with Section 8808 of the Streets and Highways Code. The amount so advanced shall be reimbursed to the special reserve fund from the proceeds of redemption or sale of the parcel for which payment of delinquent assessmentinstallments was made from the special reserve. fund. B.` If .any assessment is prepaid before final maturity of the bonds, the amount of principal which the assessee is required to prepay shall be reduced'by an amount which is in the same ratio to the original amount of the special reserve fund as the original amount of the prepaid assessment bears to the total amount of assessments originally levied in Discovery Bay Sewage Treatment Plant Upgrade, Assessment District No. 1987-2 . This reduction in the amount of principal prepaid shall be balanced by a transfer from 3 �r the special reserve fund to the redemption fund in the same amount. C. The amounts deposited in the reserve fund will never exceed 10% of the proceeds of the bond. issue. Proceeds of investment .of the special reserve fund shall be deposited in the investment earnings fund. D. When .the amount in the special reserve fund equals or exceeds the amount required to retire the remaining unmatured bonds (whether..by advance retirement or otherwise) , the amount of the special reserve fund shall be transferred to the redemption fund, and the remaining installments of principal and interest not yet due from assessed property owners shall be cancelled without payment. Section 5.4 . INVESTMENT EARNINGS FUND. Proceeds of the investment of amounts- in the, improvement fund, the special reserve fund and the -redemption fund will be deposited in the investment earnings. fund. On July 1 of each year during the term of the bonds (or at ,other times as may be required or permitted by -regulations of the United States Internal Revenue Service) , the Treasurer shall determine whether any portion of investment earnings must be rebated . to- the United States pursuant to Section 148 of the United States Internal Revenue Code and regulations adopted thereunder. Any amounts required to be rebated will be transferred to the excess investment earnings fund, and the balance will be transferred to the improvement fund (or, upon completion of the improvement, to the redemption fund to be applied as credit to the next installment of principal and interest collected from owners of assessed land) . The County Treasurer is authorized to retain independent attorneys, accountants and other consultants to assist in complying with Federal requirements. Section 5:5. EXCESS INVESTMENT EARNINGS FUND. Amounts in the excess investment earnings fund shall be invested in the same 4 manner as amounts in the other funds and shall be held in trust for rebate to the United States at the times required by Section 148 of the United States Internal Revenue Code and regulations adopted thereunder: Section 6. PAYMENT ON BONDS. The principal and interest on the bonds shall be payable at the office of the Bank of America National Trust and Savings Association, Corporate Agency Division, P.O. Box 37000, San Francisco, California 94137 . Principal and interest shall be paid by check, draft or warrant mailed to the registered owner of each bond at the owner's address appearing on the register maintained by the registrar on the 15th day preceding the date of interest payment or maturity of each bond. Section 7. REREGISTRATION. Any, bond may be registered to a new owner by completing the assignment certificate on the reverse of the bond and delivering the bond to the registrar. Upon reregistration, any bond may be -replaced by one or more bonds of the same maturity and aggregate 'amount in denominations of $5000 or any ,integral multiple thereof. Section 8 . COVENANTS. In the event of a default in the payment of any bond or any installment of interest thereon, bondholders shall have the remedies set forth in the Improvement Bond Act of 1915. In addition, the Board of Supervisors makes the following covenants, which shall constitute a contract with the bondholders: Section 8. 1. FORECLOSURE OF LIENS. If any installment of principal or interest of any assessment levied in Discovery Bay Sewage Treatment Plant Upgrade, Assessment District No. 1987-2 , becomes delinquent, the Board of Supervisors shall cause an action to be filed in the Superior Court of the County of Contra Costa to foreclose the lien of the delinquent assessment under the authority 5 of Section 8830 and following of 'the Streets and Highways Code of . the State of California. This action shall be filed not later than one hundred fifty (150) days after the date of delinquency. Section 8.2,. ARBITRAGE. During the term of the bonds, the County will make no use of bond proceeds which, if such use had been reasonably expected at the date the bonds are issued, could have caused the bonds to be "arbitrage bonds" within the meaning of Section 148 of the United States Internal Revenue Code of 1986, and regulations of the Internal Revenue Service adopted thereunder, and further shall rebate to the United States any amounts actually earned as arbitrage in accordance with the provisions of that Code and those regulations. Section 8. 3.. MAINTENANCE OF TAX EXEMPTION. The County will take all reasonable actions required to maintain the status of , the bonds as bonds exempt from federal income taxes and State of California personal income taxes. I HEREBY CERTIFY that the foregoing resolution was duly and regularly adopted by the Board of Supervisors of the County of Contra Costa, State of California, at a regular meeting thereof, held on the 19th day of July, 1988. AYES: Supervisors Powers, Fanden, McPeak, Torlakson and Schroder NOES: None ABSENT: None ATTEST: July 19, 1988 PHIL BATCHELOR, Clerk of the Board of Supervisors and County Administrator cc: Public Works Director By Treasurer Tax Collector Bond Counsel Engineer of Work Bank of America Attn: Millie Canessa P. 0. Box 37000 San Francisco, CA 94137 6 MATURITY SCHEDULE . DISCOVERY BAY SEWAGE TREATMENT PLANT UPGRADE A.D. 1987-2 SEPT 2 MATURITY PRINCIPAL INTEREST DATE AMOUNT RATE 1989 $377 ,677 .65 5. 75% 1990 410, 000. 00 6 . 25 1991 435 , 000. 00 6. 50 1992 460, 000. 00 6. 75 1993 490, 000. 00 7. 00 �s-s------sass TOTAL: $2, 172 ,677 .65 EXHIBITA •r United States of America State of California County of Contra Costa REGISTERED REGISTERED. Number $ LIMITED OBLIGATION IMPROVEMENT BOND COUNTY OF CONTRA COSTA DISCOVERY BAY SEWAGE TREATMENT PLANT UPGRADE ASSESSMENT DISTRICT NO. 1987-2 SERIES No. 1987-2 INTEREST RATE MATURITY DATE BOND DATE CUSIP NUMBER REGISTERED OWNER: PRINCIPAL SUM: DOLLARS Under and by virtue of the Improvement Bond Act of 1915, Division 10 (commencing with Section 8500) , of the Streets and Highways Code, (the "Act") , the County of Contra Costa, State of California, (the "County") , will, out of the redemption fund for the payment of the bonds issued upon the unpaid portion of assessments made for the acquisition, work and improvements more fully described in proceedings. taken pursuant to Resolution of Intention No. 88/95, adopted by the Board of Supervisors of the County of Contra Costa on the 23rd day of February, 1988, pay to the registered owner stated above or registered assigns, on the maturity date stated above, the principal sum stated above, in lawful money of the United States of America and in like manner will pay interest from the interest payment date next preceding the date on which this Bond is authenticated, unless this Bond is authenticated and registered as of an interest payment date, in which event it shall bear interest from such interest payment date, or unless this Bond is authenticated and registered prior to March 2, 1989, in which event it shall bear interest from its date, until payment of such principal sum shall have been discharged, at the rate per annum stated above, payable semiannually on March 2 and September 2 in each year commencing on March 2, 1989. Both the principal hereof and redemption premium hereon are payable at the principal corporate trust office of the Bank of America National Trust and Savings Association-Corporate Agency Division, or its successor, as Transfer Agent, Registrar and Paying Agent, in San Francisco, California, and the interest hereon is payable by check or draft mailed to the owner hereof at the owner's address as it appears on the registration books of the Bank, or at such address as may have been filed with the Bank for that purpose, as of the fifteenth day immediately preceding each interest payment date. REFERENCE IS MADE TO THE FURTHER PROVISIONS OF THIS BOND SET FORTH IN .THE REVERSE SIDE HEREOF WHICH SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS THOUGH FULLY SET FORTH HEREIN. This Bond will continue to bear interest after maturity at the rate above stated, provided, it is presented at maturity and payment thereof is refused upon the sole ground that there are not sufficient moneys in said redemption fund with which to pay same. If it is not presented at maturity, interest thereon will run until maturity. EXHIBIT 13 :J J^ A This Bond shall not be entitled to any benefit under the Act or the Resolution Authorizing Issuance of Bonds (the "Resolution of Issuance") , or become valid or obligatory for any purpose, until the certificate of authentication and registration hereon endorsed shall have been dated and signed by the Bank. IN WITNESS WHEREOF, said County of Contra Costa has caused this Bond to be signed in facsimile by the Treasurer of said County and by its Clerk, and has caused its corporate seal to be reproduced in facsimile hereon all as of the 2nd day of August., 1988. COUNTY OF CONTRA COSTA Clerk Treasurer , (SEAL) CERTIFICATE OF AUTHENTICATION AND REGISTRATION This is one of the Bonds described in the within mentioned Resolution of Issuance, ' which has been authenticated. and registered on BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION as paying agent, transfer agent and registrar By Authorized Officer 2 a (REVERSE OF BOND) COUNTY OF CONTRA COSTA, STATE OF CALIFORNIA DISCO'.iERY BAY SEWAGE TREATMENT PLANT UPGRADE ASSESSMENT DISTRICT NO. 1987-2 DDITIONAL PROVISIONS OF THE BOND This .Bond 'is one of several annual series of bonds of like date, tenor and effect, but differing in amounts, maturities and interest rates, issued by the County of Contra Costa under the Act and the Resolution of Issuance, for the purpose of providing means for paying for the improvements described in said proceedings, and is secured by the moneys in said redemption fundandby the unpaid ;portion of said assessments made for the payment of said improvements, and, including principal and interest, is payable exclusively out of said fund. This Bond is transferable by the registered owner hereof, in person or by the owner's attorney duly authorized in writing, at said office of the Bank, subject- to the terms and conditions provided in the Resolution of Issuance, including the payment of certain charges, if any, upon surrender and cancellation of this Bond. Upon such transfer, a new registered Bond or Bonds, of any authorized denomination or denominations, of the same maturity, for the same aggregate principal amount, will be issued' to the transferee in exchange therefor. Bonds shall be registered . only in the name of an individual (including joint owners) , a corporation, a partnership or a trust. Neither the County nor the Bank shall be required to make such exchange or registration of transfer of bonds during the fifteen (15) days immediately preceding any interest payment date. The County will not obligate itself to advance available funds from the County treasury to cure any deficiency which may 3 . occur in the bond redemption fund. A determination not to obligate itself shall not prevent the County from, in its sole discretion, so advancing funds. The County and the Bank may treat the registeredowner hereof as. the absolute owner for all purposes, and the County and the Bank shall not be affected by. any notice to the contrary. This Bond or any portion of it in the amount of $5, 000 or any integral multiple thereof, may be redeemed and paid in advance of maturity upon the second day of March or September in any year by giving at least 30 days' notice by registered mail 'to the registered _owner hereof at such owner's address as it appears on the registration books of the Bank and by paying principal and accrued interest together with a premium equal to three percentum of the principal. I hereby certify that the following is a correct copy of the signed legal opinion of STURGIS, NESS, BRUNSELL & SPERRY a professional corporation, Emeryville, California, on file in my office. Clerk of the Board 4 r Svc RESOLUTION NO. 88/458 RESOLUTION ORDERING SALE OF BONDS DISCOVERY BAY SEWAGE TREATMENT PLANT UPGRADE ASSESSMENT DISTRICT NO. 1987-2 COUNTY OF CONTRA COSTA, STATE OF CALIFOIRNIA The Board of Supervisors of the County of Contra Costa resolves: The Board of Supervisors accepts the offer of Stone & Youngberg, which is on file with the Clerk, to purchase all of the improvement bonds to be issued in Discovery Bay Sewage Treatment Plant Upgrade, Assessment District No. 1987-2, County of Contra Costa, State of California. The Board of Supervisors directs the sale and delivery of the bonds to the offeror in accordance with the terms and conditions stated in the offer. I HEREBY CERTIFY that the foregoing resolution was duly and regularly adopted by the Board of Supervisors of the County of Contra Costa, State of California, at a regular meeting thereof, held on the 19th day of July, 1988. AYES: Supervisors Powers, Fanden, McPeak, Torlakson and Schroder NOES: None ABSENT: None ATTEST: July 19, 1988 PHIL BATCHELOR, Clerk of the Board of Supervisors and County Administrator By a cc: Public Works Director Treasurer Tax Collector Bond Counsel Engineer of Work RESOLUTION NO. 88/458