HomeMy WebLinkAbout19 ASSESS DIST DELINQ 01-16-95NO. 19
1-16-95
Inter-Com
i
DATE: JANUARY 10, 1995
TO:
FROM:
SUBJECT:
WILLI~ A' HUSTON, CITY MANAGER
RONA~ULT, FINANCE DIRECTOR
ASSESSMENT DISTRICT DELINQUENCIES
RECOMMENDATION
Receive .and file
DISCUSSION
Attached for your review is a summary of outstanding assessment
district delinquencies for the seven years beginning fiscal year
1987-88 through fiscal year 1993-94. Delinquency information for
the first installment for fiscal 1994-95 will not be available from
the County until late March.
The summary is formatted by each assessment district conversion,
designated by the letter following the district number. The totals
on page 4 are for both districts by installment 1 which is December
10 each year and installment 2 which is April 10 of each year.
The assessment bond Indentures require the City to begin the.
foreclosure process on all delinquent parcels no later than 150
days after we receive a notice of delinquency. The County sends us
a delinquency report within 90 days of each property tax
installment date.
We begin the process by sending two reminder letters explaining the
City's obligatiOn to collect the special assessments. If we do not
receive a response from our letters within 60 days we send a demand
letter giving the property owner 30 days to contact the City to
arrange payment or we will be forced to turn the matter over to our
foreclosure attorney. All the delinquencies on this report are
being handled by the attorney.
On page three of the report you will find rather large
delinquencies in A.D. 86-2C for 1991-92 through 1993-94. This is
a developer owned parcel. There is an on going dispute between the
current and prior property owners and the current owner chooses
not to pay any property related taxes until they solve their
problem. Our foreclosure attorney is meeting with both parties to
try and recover the special assessments due the City.
The totals on page 4 indicate an outstanding collection history for
the previous seven years. The 1.15% delinquency is very low. If
we adjust for the 86-2C delinquencies the percentage drops to 0.1
We are aggressively pursuing the 86-2C delinquencies and expect
have them cleared prior to the close of the assessment district
refunding.
RAN: ab
a:assessment.ron
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