05003.04:J18735
RESOLUTION NO. 23-14
Resolution Of The City Council Of The City Of Emeryville Directing The Recordation Of Addendums To Notices Of Reassessment For Certain Assessment Districts, And Directing The Disposition Of Surplus Funds Related To The City’s Bay StreetShellmound Street Extension Assessment District WHEREAS, on July 21, 1999, the City of Emeryville (the “City”) issued (a) its Limited Obligation Refunding Bonds, City of Emeryville, Bay Street-Shellmound Street Extension Assessment District (the “Bay Street-Shellmound Bonds”), (b) its Limited Obligation Refunding Bonds, City of Emeryville, Assessment District No. 1993-1 (East Baybridge Center) (the “East Baybridge Bonds”), and (c) its Limited Obligation Refunding Bonds, City of Emeryville, West Emeryville Assessment District (together with the Bay StreetShellmound Bonds and the East Baybridge Bonds, the “Refunding Bonds”), the proceeds of which Refunding Bonds were used to refund three series of assessment bonds previously issued by the City; and
WHEREAS, the Refunding Bonds were acquired by the Emeryville Public Financing Authority (the “Authority”) with proceeds of the Authority’s 1999 Revenue Bonds (Assessment District Refinancings) (the “Authority Bonds”) that were issued by the Authority pursuant to an Indenture of Trust, dated as of July 1, 1999 (the “Indenture”), between the Authority and Harris Trust, as trustee; and WHEREAS, the Refunding Bonds and the Authority Bonds have matured and have been paid in full and the assessments levied to pay the Refunding Bonds have been repaid in full; and
WHEREAS, Section 3114.3 of the Streets and Highways Code provides that the City Treasurer record an addendum (“Addendum”) to the notice of reassessment recorded against the parcels in the assessment districts for which the Refunding Bonds were issued (the “Assessment Districts”), which states that the recorded reassessments have been paid in full and that the associated lien against those parcels have been discharged in whole; and
WHEREAS, the Bay Street-Shellmound Bonds were issued pursuant to a Fiscal Agent Agreement, dated as of July 1, 1999 (the “Fiscal Agent Agreement”), between the City and Harris Trust Company of California (“Harris Trust”), as fiscal agent; and WHEREAS, the City has on hand funds attributable to various funds established under the Fiscal Agent Agreement and otherwise related to the Bay Street-Shellmound Bonds, and the City Council now desires to direct the disposition of those funds; now, therefore be it
RESOLVED, that the City Council of the City of Emeryville hereby directs the Finance Director, in the capacity as City Treasurer, to record in the Alameda County Recorder’s Office an Addendum to the Notice of Reassessment for each of the Assessment Districts substantially in the form attached to this Resolution as Exhibit A; and Resolution No. 23-14
Bay Street-Shellmound Street Extension Assessment District City Council Meeting | February 7, 2023
RESOLVED, that the City Council hereby finds and determines that all of the funds held by the City attributable to the Bay Street-Shellmound Bonds, including amounts attributable to a Redemption Fund and a Contingent Assessment Fund described in the Fiscal Agent Agreement and in a Bay Street-Shellmound AD Account of a Reserve Fund described in the Indenture (collectively, the “Surplus Funds”), should have been transferred to and maintained, as applicable, in the Redemption Fund at the time the Bay Street-Shellmound Bonds were fully repaid; and
RESOLVED, that the City Council of the City hereby directs that the Finance Director establish a capital improvement fund and, following payment from the Surplus Fund of legal and other costs related to the analysis and administration of the Surplus Funds, transfer all remaining Surplus Funds to the capital improvement fund, and that amounts in the capital improvement fund be used for public improvements, or for the maintenance of public improvements, of benefit to the property in the area of the assessment district for which the Bay Street-Shellmound Bonds were issued; and RESOLVED, that the City Manager, the Finance Director and all other officers of the City are hereby authorized and directed to execute such documents and take such actions as may be necessary to implement the provisions of this Resolution.
ADOPTED, by the City Council of the City of Emeryville at a regular meeting held Tuesday, February 7, 2023, by the following vote:
AYES: 4
Mayor Bauters, Vice Mayor Welch and Council Members Mourra and Priforce
NOES: 0
ABSTAIN: 0
ABSENT: 0
MAYOR
ATTEST: APPROVED AS TO FORM:
CITY CLERK CITY ATTORNEY
ATTACHMENTS
Exhibit A – Addendums to the Notice of Reassessment
A-1
EXHIBIT A
RECORDING REQUESTED BY AND
WHEN RECORDED RETURN TO:
City Clerk
City of Emeryville
1333 Park Avenue
Emeryville, California 94608-3517
ADDENDUM TO THE NOTICE OF REASSESSMENT
DISCHARGING REASSESSMENT LIENS FOR
CITY OF EMERYVILLE BAY STREET-SHELLMOUND
STREET EXTENSION ASSESSMENT DISTRICT
On July 21, 1999 a Notice of Reassessment was recorded in the Office of the County Recorder, Alameda County, California, as document no. 99268461, pursuant to the requirements of Section 3114 of the Streets and Highways Code of the State of California. The recordation of the Notice of Reassessment established a lien against the properties shown on Exhibit A attached hereto.
The recorded reassessments against the properties shown on Attachment A have been paid in full and the associated liens against the said listed properties have been fully discharged.
Dated: , 2023
CITY OF EMERYVILLE, CALIFORNIA
By:
Finance Director
A-2
ATTACHMENT A
Assessor’s Parcel Numbers
007 061700100
007 061700204
007 061700800
007 061701401
007 061701601
007 061701602
007 061702000
007 061702100
007 061702200
007 061702301
007 061800108
007 061800608
007 061800617
007 061800619
007 061800621
007 061800623
012 095303200
012 095303300
012 095303400
049 048000100
049 048000201
049 048000400
049 048000501
049 048000700
049 048000800
049 048100100
049 048100200
049 048100700
049 048100800
049 048101500
049 048101700
049 061400100
049 061700110
049 061700212
049 061700300
049 061700400
049 061700505
049 061700506
049 061700507
049 061700900
049 061701000
049 061701300
049 061701401
049 061701501
049 061701602
049 061701702
049 061701800
049 061701900
049 061702000
049 061702202
049 061702300
049 061702400
049 061800200
049 061800300
049 061800500
049 061800702
049 061800800
049 061801000
049 061801802
049 061801900
049 061802000
049 061802100
049 061802200
049 061802402
049 061803200
049 061803300
049 061803400
049 061803500
049 061803600
049 061803700
049 061803800
049 061803900
049 061804200
049 061804300
049 061804400
049 061804600
049 061804700
049 061804800
049 061804900
049 061805000
049 061805100
049 061805200
049 061805300
049 061805400
049 061805500
049 061805600
049 061805800
049 061805900
049 061806000
049 061806100
049 061806200
049 061806300
049 061806400
049 061806500
049 061806600
049 061806700
049 061806800
049 061806900
049 061807000
049 061807100
049 061807200
049 061807300
049 061807400
049 061807500
049 061807600
049 061807700
049 061807800
049 061807900
049 061808000
049 061808100
049 061808200
049 061808300
049 061808400
049 061808500
049 061808600
049 061808700
049 061808800
049 061808900
049 061809000
049 061809100
049 061809200
049 061809300
049 061809400
049 061809500
049 061809600
049 061809700
049 061809800
049 061809900
049 061810000
049 061810100
049 061810200
049 061810300
049 061810400
049 061810500
049 061810600
049 061810700
049 061810800
049 061900100
049 061900200
049 061900300
049 061900400
049 061900500
049 061900600
049 095100402
049 095100601
049 095401200
049 102200100
049 102200400
049 102400100
049 102400400
049 102500100
049 102501800
049 102501900
049 102502000
049 102502105
049 102502400
049 102502500
049 102502603
049 102502604
049 102502704
049 102602200
049 102602300
049 102602400
049 102701700
049 102701800
049 102701900
049 102702001
049 102702002
049 102702100
049 102702205
049 102702204
049 102702302
049 102702800
049 102702900
049 102703000
049 102703200
049 102900103
049 102900104
049 103100102
049 103100301
049 103100400
049 103200900
049 103300400
049 103300500
049 103300600
049 103300700
049 103300800
049 103300900
049 103301000
049 103301100
049 103301200
049 103301300
049 103301400
049 103301600
049 103301700
049 103301800
049 103301900
049 103800101
049 103800104
049 103800200
A-3
049 103800300
049 103800800
049 104100100
049 104100201
049 104100303
049 104100400
049 104100500
049 104100600
049 104101202
049 104101300
049 104101400
049 104101703
049 104101801
049 104101900
049 104102302
049 104102602
049 104102604
049 104102606
049 104102700
049 104103900
049 104104000
049 104104802
049 104104900
049 104105001
049 104105100
049 104105300
049 104105500
049 104106100
049 104107000
049 104107100
049 107900100
049 107902200
049 107902300
049 117700604
049 117700701
049 117701001
049 118401300
049 131300102
049 131300103
049 131302001
049 131400101
049 131500100
049 131700101
049 131800102
049 131800202
049 131800300
049 131800704
049 131800705
049 131800900
049 131900115
049 131900202
049 132000100
049 132000300
049 132000400
049 132100102
049 132100104
049 132100402
049 132700107
049 132900504
049 132900505
049 133000100
049 133000801
049 133000802
049 133102600
049 133102700
049 133102800
049 133102900
049 133103000
049 133103100
049 133103200
049 133103300
049 133103400
049 133103500
049 147600200
049 147700101
049 147700700
049 148100102
049 148100103
049 148100104
049 148200101
049 148200300
049 148200600
049 148300103
049 148300500
049 148400401
049 148400700
049 148400801
049 148400802
049 148700101
049 148700503
049 148800100
049 148900600
049 148900700
049 148900900
049 148901303
049 149000200
049 149000400
049 149000500
049 149100700
049 149100800
049 149101100
049 149200300
049 149200601
049 149201100
049 149300203
049 149300300
049 149300400
049 149300500
049 149300600
049 149300900
049 149301000
049 149301100
049 149400104
049 149400105
049 149400302
049 149400408
049 149400410
049 149400600
049 149400800
049 149500112
049 149500115
049 149500119
049 149500123
049 149500213
049 149500702
049 150000101
049 150000103
049 150000300
049 150000400
049 150300100
049 150300200
049 150400800
049 150400900
049 150400200
049 150400301
049 150400401
049 150500700
049 150600400
049 150600600
049 150700400
049 150800600
049 150800700
049 150801002
049 150900101
049 150900501
049 150900800
049 150900900
049 150901000
049 150901101
049 150901300
049 150901601
049 150901800
049 151000200
049 151000301
049 151100302
049 151100400
049 151100500
049 151100600
049 151100700
049 151100800
049 151100901
049 151100902
049 151101201
049 151101301
049 151101504
049 151101505
049 151200202
049 151200602
049 151500106
049 151500704
049 151500705
049 151500801
049 151500900
049 151501001
049 151501008
049 151501102
049 151501107
049 151501114
049 151501205
049 151600106
049 152100112
049 152100500
049 152100600
049 152100700
049 153300200
049 153300400
A-4
RECORDING REQUESTED BY AND
WHEN RECORDED RETURN TO:
City Clerk
City of Emeryville
1333 Park Avenue
Emeryville, California 94608-3517
ADDENDUM TO THE NOTICE OF REASSESSMENT
DISCHARGING REASSESSMENT LIENS FOR
CITY OF EMERYVILLE ASSESSMENT DISTRICT NO. 1993-1
(EAST BAYBRIDGE CENTER)
On July 21, 1999 a Notice of Reassessment was recorded in the Office of the County Recorder, Alameda County, California, as document no. 99268459, pursuant to the requirements of Section 3114 of the Streets and Highways Code of the State of California. The recordation of the Notice of Reassessment established a lien against the properties shown on Exhibit A attached hereto.
The recorded reassessments against the properties shown on Attachment A have been paid in full and the associated liens against the said listed properties have been fully discharged.
Dated: , 2023
CITY OF EMERYVILLE, CALIFORNIA
By:
Finance Director
A-5
ATTACHMENT A
Assessor’s Parcel Numbers
049 061900100
049 061900200
049 061900300
049 061900400
049 061900500
049 061900600
A-6
RECORDING REQUESTED BY AND
WHEN RECORDED RETURN TO:
City Clerk
City of Emeryville
1333 Park Avenue
Emeryville, California 94608-3517
ADDENDUM TO THE NOTICE OF REASSESSMENT
DISCHARGING REASSESSMENT LIENS
FOR CITY OF EMERYVILLE
WEST EMERYVILLE ASSESSMENT DISTRICT
On July 21, 1999 a Notice of Reassessment was recorded in the Office of the County Recorder, Alameda County, California, as document no. 99268463, pursuant to the requirements of Section 3114 of the Streets and Highways Code of the State of California. The recordation of the Notice of Reassessment established a lien against the properties shown on Exhibit A attached hereto.
The recorded reassessments against the properties shown on Attachment A have been paid in full and the associated liens against the said listed properties have been fully discharged.
Dated: , 2023
CITY OF EMERYVILLE, CALIFORNIA
By:
Finance Director
A-7
ATTACHMENT A
Assessor’s Parcel Numbers
049 149100700
049 149100800
049 149101100
049 149201000
049 149201100
049 149300900
049 149301000
049 149301100
049 151500106
049 151501001
049 151501008
049 151501102
049 151501107
049 151501205
049 153300200
049 153300400