Friday, March 29, 2024
SCIP Application and Landowner
Information
SCIP Application and
Landowner Information
Form
Project Information
Name of Applicant:
D.R. Horton (Bay Area Division)
Name of City/County Agency:
City of Hercules
City/County Contact:
Dante Hall
Project Name:
Owl Ranch
Project Proceeds Requested:
732526
Provide Brief General Description of Overall
Project
The Project is planned for the development of 40
single-family residential lots on the approximately
7.3 acre site at 215 Skelly Road. Lot 19 and
Lot 29 will be excluded from the SCIP financing
district as they have been designated as deed
restricted
affordable housing.
Project Location or Address:
215 Skelly Road
Hercules, CA, 94547
County:
Contra Costa County
Is the project located in an unincorporated part
of the County?
No
1 Has the City or County in which the project is
located been contacted? If so, please provide
appropriate contact information below.
Yes
2 Applicant Contact Information
Primary Contact
Full Name:
Megan Milburn
Title:
Forward Planner
Address:
3000 Executive Parkway, Suite 100
San Ramon, CA, 94583
Phone Number:
(408) 386-0327
E-mail:
[email protected]
Secondary Contact
Full Name:
Steve Johnston
Title:
Manager - DPFG
Address:
2281 Lava Ridge Court, Suite 340
Roseville, CA, 95661
Phone Number:
(916) 975-2803
Applicant Acknowledgment and Agency Information
E-mail:
[email protected]
3 Applicant Acknowledgment
One of the following is true and correct: (A) The undersigned represents the owner(s) of the project, including as joint owners by tenancy in common, community property, joint tenancy or otherwise, or (b) the undersigned has this project under option. The undersigned Applicant acknowledges and agrees that it shall comply with all applicable provisions of the California Labor Code including, as applicable, the payment of prevailing wage. As respect to any and all claims related to prevailing wage, the undersigned assumes all responsibility for the payment of prevailing wage and the compliance with prevailing wage, if required, and specifically waives any and all rights against the California Statewide Communities Development Authority and each participating local agency with respect to the project, as well as their agents, employees, agencies, and consultants (the "Indemnified Parties") pursuant to Labor Code Section 1726(c) and any analogous federal law, and agrees to defend and fully indemnify the Indemnified Parties for damages, claims, fines, penalties, litigations expenses, costs, attorney's fees and interest relating to the project.
Signed ___________________________________________
Dated: ___________________________________________
Local Agency Information
Local Agency Name:
City of Hercules
Mailing Address:
111 Civic Drive
Hercules, CA, 94547
Primary Contact:
Dante Hall
Local Agency Acknowledgment
I hereby certify that I am an authorized representative of the Local Agency and that I have been authorized by the Local Agency to execute the Preliminary Application for CSCDA financing.
Signed _______________________________________________ Dated _______________________________________________ Title:
City Manager
Phone Number
(510) 799-8200
E-mail
[email protected]
Additional Local Agency Information (if applicable)
4 Local Agency Name:
West Contra Costa Transportation Advisory
Committee (WCCTAC)
Primary Contact:
John Nemeth
Title:
Executive Director
Phone Number
(510) 210-5933
E-mail
[email protected]
Local Agency Acknowledgment
I hereby certify that I am an authorized representative of the Local Agency and that I have been authorized by the Local Agency to execute the Preliminary Application for CSCDA financing.
Signed _______________________________________________ Dated _______________________________________________ SCIP Landowner Information Form
THE CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY ("CSCDA") INTENDS TO ISSUE TAX- EXEMPT BONDS (THE "BONDS") TO FINANCE CERTAIN IMPACT FEES FOR THE CITY/COUNTY. UNDER FEDERAL AND
STATE SECURITIES LAWS, CSCDA IS REQUIRED TO DISCLOSE ALL MATERIAL FACTS TO THE PURCHASERS OF THE BONDS. FOR THIS REASON, IT IS IMPORTANT THAT YOU ANSWER EACH OF THE FOLLOWING QUESTIONS COMPLETELY AND ACCCURATELY. YOUR PROMPT AND COMPLETE RESPONSE TO THIS QUESTIONNAIRE IS CRITICAL TO CSCDA'S ABILITY TO ISSUE BONDS TO FINANCE YOUR DEVELOPMENT IMPACT FEES.
Name of Landowner:
D.R. Horton Bay, Inc., A Delaware Corporation
Please Upload a Preliminary Title Report or
Other Evidence of Ownership
PDF DRE Prelim - UpdateAmend 6….pdfOwnership Structure:
Corporation
Name of Developer (if different from
Landowner):
N/A
Property Information
5 Gross Acres Owned:
7.3 Number of acres proposed for development:
7.3 Number of acres developed to date, if any:
7.3 List the Assessor's Parcel Numbers for the
property:
404-061-031 to 404-061-070
Excluding Lots 19 (404-061-049) and Lot 29 (404-
061-059)
How long have you owned the property?
January 2023
When do you expect the first sale of property?
Sales begin in December 2024, First Home Closing
in February 2025
Development Impact Fees & Improvements to be Financed by SCIP:
Development Impact Fees
Type (water, sewer,
road, etc.)
Collecting Local
Agency
Fee Recipient (if
different) Total Amount of Fee Amount of Fee per
Unit
Park & Recreation
Fee
City of Hercules
City of Hercules
64790
1705
Transportation
Facilities Fee
City of Hercules
City of Hercules
227126
5977
Sewer Facilities
Fee
City of Hercules
City of Hercules
177802
4679
West County Sub-
Regional
Transportation
Mitigation Fee
City of Hercules
WCCTAC
262808
6916
Have you entered into any option or other form
of agreement to sell all or a portion of the
property?
No
If YES, please describe the arrangement and
upload a copy of agreements describing the
arrangement.
N/A
6 Total Amount Impact Fees:
732526
Improvements:
Description Local Agency Acquiring
Improvements Amount
Skelly Road - Bulb Out
Is the property proposed for residential,
commercial retail, industrial or a combination
of different land uses?
Residential
Please state the total number of residential
units proposed (single family or multi-family),
and the total land acreage and building square
footage for a commercial, retail, or industrial
development proposed.
40 Residential Units
Only 38 Units will be included in the SCIP as there
are 2 affordable housing units (Lot 19 & 29)
Describe the expected timing for development
of the property including dates of completed
development milestones. If available, please
list projected sales or leasing information.
Wet utilities expected to be complete June 2024, dry
utilities July 2024, Pave September 2024. Model
home permits issued in August 2024. Sales to begin
December 2024 and last until July 2025, first
closing February 2025 and last September 2025.
7 $ 50,750City
What is the status of land use approvals, maps
and EIR's for the property (i.e., briefly describe
the current zoning and the status of any
Development Agreements, Specific Plans,
tentative maps or final maps for the property)?
Recorded Final Map
If YES, please provide the name, address and
telephone number of the lending institution
and the approximate loan amount. Also
provide any other information regarding how
the project is to be financed.
N/A
Has the developer or any partner or related
entity of the landowner ever filed for
bankruptcy or been declared bankrupt?
No
What is the status of map recordation?
Final Subdivision Map
Please list all discretionary approvals
(including vesting tentative subdivision map,
conditional use permits, Section 404 permits,
Fish & Game permits, and any other
governmental permits) that are still required
for development to proceed?
All approvals have been obtained
If YES, specify the date and location of court
where bankruptcy action took place.
N/A
Are there any other foreseeable circumstances
not described above that could prevent or
significantly delay the proposed development
of the property?
No
Will any impact fees be owing after funding by
SCIP as a condition to develop the property?
Yes
If YES, please explain and provide the amount
of such fees.
East Bay MUD
School Fees
Other City impact fees such as General Public,
Police, Fire, and Community Development Tax
If YES, please explain.
N/A
Is any development currently underway on the
property?
Yes
If YES, please give a general description and
provide information as to estimated
construction or permit value.
Land development: included engineer’s estimate.
$2,448,000
Vertical construction: 40 homes to build.
15 x 1583s construction valued at $241,973 each
15 x 1874s construction valued at $266,763 each
10 x 2311s construction valued at $307,128 each
Are there any existing trust deeds/loans on the
property?
No
If YES, please state the name, address and
telephone number of the lending institution
and the approximate loan amount(s).
8 N/A
Has construction financing been obtained?
No
9 Payment of Taxes/Assessments
What is the current status of property, special
taxes and assessments on the property
(paid/owing/delinquent).
Paid
Have any property taxes or assessments on
the property been delinquent at any time
during the past 3 years?
No
If YES, please explain.
N/A
Describe the source of funds that you will use
to pay any taxes/assessments to be levied on
the property in connection with the
Assessment District (i.e., bank savings, land
sale proceeds, loan proceeds, etc.).
Internal funds and home sale proceeds
Do you foresee any difficulty in your ability to
make timely payment of your
taxes/assessments?
No
If YES, please explain.
N/A
Experience of Landowner and Development Group
Describe the development experience of the
Landowner developer or affiliated construction
entity. Briefly describe any current or recently
completed developments undertaken by the
Landowner.
D.R. Horton, Inc., America’s Builder, has been the
largest homebuilder by volume in the United States
since 2002 and has closed more than 1,000,000
homes in its 45-year history.
https://investor.drhorton.com/
10 Notice Regarding Disclosure
In 1994, the Securities and Exchange Commission adopted amendments (the "Amendments") to Rule 15c2-12 under the Securities Exchange Act of 1934 relating to certain required disclosure information that must be made available to prospective purchasers of municipal bonds. Under the Amendments and other federal and state securities laws, certain material information must be disclosed (i) in connection with the initial offering of Bonds with respect to material persons; and (ii) on an ongoing basis with respect to obligated persons.
Whether a property owner/developer might be a material person or an obligated person will depend on all of the facts and circumstances. If the information you provide in response to this questionnaire indicates this might be the case, the financing team will review with you the information that may need to be disclosed to potential Bond investors in order to satisfy the Amendments and other federal and state securities laws.
If information on the proposed development of your property is disclosed in connection with the sale of the Bonds, you will be required to certify at that time that the information is true and correct and does not omit to state any material fact.
If we have any additional questions regarding the property, who is the appropriate person to contact? Firm Name:
DPFG
Primary Contact:
Steve Johnston
Title:
Manager
Address:
2281 Lava Ridge Court, Suite 340
Roseville, CA, 95661
Phone Number:
(916) 976-2803
E-mail:
[email protected]
Upon submission of your application, please send a nonrefundable $1,500 application fee made payable to CSCDA to the attention of:
Vo Nguyen
Statewide Community Infrastructure Program
c/o BLX Group LLC
777 South Figueroa Street, Suite 3200
Los Angeles, CA 90017
After submission of your application you will receive a PDF copy. Please forward a signed and dated copy including the local agency acknowledgment.
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