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HomeMy WebLinkAbout31 - Assessment District 68 - Newport ShoresE CITY OF NEWPORT BEACH CITY COUNCIL STAFF REPORT Agenda Item No. 3 1 June 8, 2004 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: Public Works Department Patrick Arciniega 949 - 644 -3311 parcineiga @city.newport- beach.ca.us SUBJECT: PROPOSED ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) FOR UNDERGROUNDING UTILITIES AND DESIGNATION AS AN UNDERGROUND UTILITIES DISTRICT RECOMMENDATIONS: 1. Adopt the following Resolutions for Proposed Assessment District No. 68: a. Resolution No. 2004- _ making finding on a petition for, adopting a map showing the proposed boundaries of, and making appointments for • proposed Assessment District No. 68. b. Resolution No. 2004- declaring intention to order the construction of certain improvements in proposed Assessment District No. 68; declaring the improvements to be of special benefit; describing the district to be assessed to pay the costs and expenses thereof; providing for the issuance of bonds; and designating the area an underground utilities district. c. Resolution No. 2004- giving preliminary approval to the report of the assessment engineer, setting the time and place for a public hearing as July 27, 2004; and ordering the intention of assessment ballot procedure for Assessment District No. 68. 2. Approve the Bond Counsel Agreement with Robert Hessell. HISTORY: The Public Works Department originally hired Willdan to provide Assessment Engineering services for this District in January 1999 for a not to exceed fee of $26,500.00. During the design of this District the original PSA expired and a new PSA was negotiated between the City and MuniFinancial/Willdan for the same fee. Due to the large size of this District (500+ parcels) staff requested additional services for coordination of the District during the homeowner conversion phase after the District • has been formed. This additional portion of the contract was negotiated for an amount of $9,525.00. The scope of this work will include: conducting monthly meetings with SUBJECT: Proposed Assessment District No. 68 (Newport Shores) for Undergrounding Utilities June 8, 2664 Page 2 City staff to provide updates on the progression of electrical permits to convert • underground utility service connections; database collection to keep records of the percentage of property that has been converted; mailing of letters to property owners; and field work/site investigation and coordination with the utility companies, Public Works, Bldg. Dept., City Attorney's Office, and the community to ensure the conversion phase proceeds in a timely manner. DISCUSSION: Assessment District No. 68 is being proposed for the conversion of existing overhead utilities to underground locations. The property owners within the boundary of the proposed Assessment District will bear the cost of the improvements and their associated proceedings. The procedure being used to create the Assessment District is outlined in the Municipal Improvement Act of 1913. Bonds issued under the Improvement Bond Act of 1915, with a term of 15 years, will be issued to finance assessments that are not paid in cash within 30 days after confirmation of the assessment. The total assessment for Proposed Assessment District No. 68 is estimated as follows ITEM ESTIMATED COST Estimated Cost of Construction $5,415,068.05 Estimated Incidental Costs and Expenses $283,483.33 Estimated Financing (Bond) Costs $506,448.62 • Federal Income Tax Component of Contribution (ITCC) $660,000.00 Estimated Total Cost: $6,865,000.00 The estimate includes the Federal Income Tax Component of Contribution (ITCC) Tax, which is a betterment tax. However, bonds will not be sold for the ITCC Tax since underground utility districts are undertaken at the request of the community for purposes of community aesthetics and public safety, and not for the benefit of particular customers of the utility in their capacity as customer of the utility. This underground district is not required as a condition for obtaining any electrical service. In the event the Internal Revenue Service (IRS), State, City and /or local government taxing authority determines that this project is taxable, Southern California Edison (SCE) will require the City to reimburse the full amount of the determined tax liability, plus interest, penalties, fees, and related costs. In that case the City may need to sell a second issue of the bonds, if necessary, to pay SCE within 60 days after they notify the City of Newport Beach. The estimated ITCC tax amount including finance costs is $660,000.00. The City Attorney's Office has reviewed SCE's request to have the preceding statement included in the Assessment District Report. It was determined that the City would not incur any tax liability. In an effort to reduce costs and minimize disruptions in the area, City staff is planning • on concurrent projects to repave streets and alleys within Newport Shores. The City's SUBJECT! Proposed Assessment District No. 68 (Newport Shores) for Undergrounding Utilities June 8, 2004 Page 3 • pavement management plan calls for the repaving of Newport Shores within the next fiscal year. Since the City will be moving forward with the repaving project after the undergrounding, the assessment district work will require a less stringent paving component for trench resurfacing that will save the assessment district money. The alleys within Newport Shores are also in need of repaving. Since the assessment district work will be trenching through a good portion of each alley, it would be a savings to both the assessment district and the City to repave the entire alley at this time. The City and the assessment district will equally share the cost of the new alleys. An additional benefit of the alley work is that the City will be able to redesign each alley to improve drainage. The street paving and alley projects are proposed within the FY 2004/05 budget. is In addition to the assessment, property owners will be responsible for converting their service connection to receive underground service. These private property costs can vary greatly depending on the condition and location of their current electrical service. Property owners are encouraged to contact licensed electrical contractors to determine their individual needs. The Bond Reserve will be 7 percent for the subject district. Property owners who pay assessments in cash will receive a discount, which represents the financial cost of issuing and servicing bonds. The following is a tentative schedule for proposed Assessment District No. 68: • Resolution of Intention • Property Owner Information Meeting 1 • Property Owner Information Meeting 2 • Public Hearing • Public Utilities Commence Work • City Notifies Property Owners to Install Service Connections • Property Owners Complete Conversions • Public Utilities Begin to Remove Overhead Structures • Public Utilities Finish Removing Poles and Overhead Structures June 8, 2004 July 13, 2004 (tentative) July 14, 2004 (tentative) July 27, 2004 September 13, 2004 July 2005 May 2006 November 2006 January 2007 The assessment methodology for this District is comprised of two basic components used to quantify the specific benefit each parcel receives. These components are made up by a combination of Equivalent Benefit Units (EBU's) based on lot zoning and construction of a new underground utility service (SCE and SBC) drops, and alley repavement construction. The lots in the Specific Plan Area, particularly those just north of Coast Highway, were assigned EBU's based on their front footage of overhead utilities divided by a `standard' sized R -1 lot of 30', when they did not fall into the zoning, underground utility combination previously mentioned, or did not have existing underground utility connections. SUBJECT: Proposed Assessment District No. 68 (Newport Shores) for Undergrounding Utilities June 8, 2004 Page 4 The majority of the lots in this District are zoned R -1 and therefore will receive one EBU • for a new underground utility service connection. The lots that have alley access are assigned an additional assessment to account for the alley repavement needed as a result of trenching in the alley. Lastly these lots are assigned a portion of the Incidental Cost on a prorated basis, based on the parcels share of the total construction cost. Lots that are zoned R -2 are assigned two EBU's for utility service and those lots that are adjacent to alleys will also receive an additional assessment for alley repavement. Specific Plan Area lots particularly those just north of Coast Highway that did not have existing underground utility service and were not R -1 or R -2 lots were evaluated based on their lot utility front footage divided by an equivalent R -1 sized lot front footage (30' typical). This calculation yields an equivalent number of EBU's for the utility component of the assessment. Those properties that are adjacent to alleys also pay the same equivalent number of EBU's for alley reconstruction cost. The City has 3 park parcels that do not currently have any electrical, phone, or cable services and will not receive any after construction of this project. Therefore no assessments were assigned to these three lots. The estimated assessment with the ITCC tax component ranges from $1,540.84 to $143,604.05 with the average assessment being $12,022.77. The estimated assessment without the ITCC tax componenet ranges from $1,540.84 to $130,300.06 with the average assessment being $10,866.90. Plans and specifications were prepared by SCE, SBC and Adelphia Communications. Attached is a sketch showing the boundary of the proposed Assessment District and the utilities to be undergrounded. Environmental Review: A Notice of Exemption was completed May 28, 2004 and filed with the County Recorder on May 28, 2004. Prepared by: Submitted by: Patrick L. Arciniega Associate Engineer Attachments: Sfephen G. Badum Public Works Director 1. Exhibit Showing District Boundaries 2. Resolution Finding On Petition 3. Resolution Of Intention 4. Resolution Passing On Report Of Assessment Engineer, Setting Public Hearing, and Ordering Initiation Of Assessment Ballot Procedures 5. Bond Counsel Agreement 6. Engineer's Report • • J Q U W M W —W o0 o O a W a� 00 U) ~ O W Z ul 2a 0 U) J U) Z ma _ • 133815 T ,nuts A R3 A 133815 ° 8Vam ' is .09 R 1519 W� QNL9• .1 107.wb Q 0.. 4. �•. M °+ xR:a:,- �� §aA °xsnxR - "ERk 0. T• R. ^ 133815 ^ ° 1nwvm h, p• b f[. y.• • L xl x ° I I 4 •. ^133ltts ^ rW0'Jm lL rwmT° rA ^o O i v y 133815 Nalva 1s ru,lm R"§ S 8 JJ 133816 R § s (no 0- 0 _m x x w 0 w a' m N f� 3 � m � a h a' N 7 Z 'R R.�F��• s 'E ,pNVba 7u xR __ 0 _m x x w 0 w a' m N f� 3 � m � a h a' N 7 Z 13381s ,pNVba W W O O O W < �Fvv N N I CL CL O U CD l+ ~`i`� J � I33Yts MbL W " E U > pl D [L m O � 1M 9[b r ,INYUn W Q N W is Z W W O O O W < N N I CL CL O U CD l+ W J RESOLUTION NO. 2004 - • A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH MAKING FINDING ON A PETITION FOR, ADOPTING A MAP SHOWING THE PROPOSED BOUNDARIES OF, AND MAKING APPOINTMENTS FOR PROPOSED ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) WHEREAS, this legislative body has received from certain property owners an executed petition (the `Petition ") requesting the formation of a special assessment district, to be designated as Assessment District No. 68 (Newport Shores) (the "Assessment District'), to provide for the conversion of certain overhead electrical and communication facilities to underground locations as described in the Petition, together with appurtenances and appurtenant work in connection therewith, pursuant to the terms and provisions of the ordinances of the City of Newport Beach and the "Municipal Improvement Act of 1913 ", being Division 12 of the Streets and Highways Code of the State of California (the "Act "); and WHEREAS, the Development Engineer of the City of Newport Beach has certified to this legislative body that the Petition has been signed by owners owning more than fifty percent (50 %) in area of all assessable property within the boundaries of the proposed Assessment District, and WHEREAS, this legislative body has been presented and has received a map (the • "Map ") showing and describing the boundary of the area proposed to be assessed in the Assessment District; NOW, THEREFORE, BE IT Determined, Resolved, and Ordered as follows: SECTION 1. The above recitals are all true and correct. SECTION 2. The Petition shall be retained as a permanent record and remain open to public inspection. SECTION 3. The Map is hereby approved and adopted. The original map of the boundaries of the proposed Assessment District and one copy thereof is to be filed in the Office of the City Clerk. SECTION 4. A certificate shall be endorsed on the original Map and on at least one copy of the Map evidencing the date and adoption of this Resolution, and within fifteen (15) days after the adoption of a resolution fixing the time and place of hearing on the formation or extent of the Assessment District, a copy of the Map shall be filed with the correct and proper endorsements thereon with the County Recorder, all in the manner and form provided in Section 3111 of the Streets and Highways Code of the State of California. SECTION 5. Stephen G. Badum P.E., Director of Public Works for the City of • Newport Beach, is hereby appointed to perform all of the duties and functions of the • Superintendent of Streets for the Assessment District as said duties are specified and designated in the Act. The place for recordation of the assessment roll and diagram shall be in the office of the appointed Superintendent of Streets, and said assessment roll and diagram, upon recordation, shall be kept as a permanent record. SECTION 6. The Daily Pilot is hereby designated as the newspaper for all publications as required by law and as necessary for the Assessment District proceedings. SECTION 7. The firm of MuniFinancial is hereby appointed the Assessment Engineer for the Assessment District proceedings and the contract for services submitted is hereby approved. SECTION 8. The firm of Fieldman Rolapp & Associates is hereby appointed the Financial Advisor for the Assessment District proceedings and the contract for services submitted is hereby approved. SECTION 9. The firm of Stradling Yocca Carlson & Rauth is hereby appointed the Disclosure Counsel for the Assessment District proceedings and the contract for services submitted is hereby approved. SECTION 10. Robert E. Hessell, attorney at law, is hereby appointed to act as Bond Counsel for the Assessment District and the contract for services submitted is hereby approved. • SECTION 11. This legislative body hereby authorizes the establishment of a special improvement fund for the Assessment District and into the improvement fund shall be placed all proceeds from the sale of Assessment District bonds and cash collections. In order to expedite the improvements to be made under the Assessment District proceedings and as authorized by law, funds from any available source may be transferred into the special improvement fund. Any funds transferred into the special improvementfund (other than proceeds from the sale of Assessment District bonds and cash collections) shall be deemed a loan to the fund and shall be repaid out of the proceeds of the sale of Assessment District bonds as authorized by Section 10210 of the Streets and Highways Code of the State of California. L J PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of . the City of Newport Beach, held on the 8th day of June, 2004, by the following vote: AYES: NOES: ABSENT: ABSTAIN: ATTEST: City Clerk 3 Mayor • • • RESOLUTION NO. 2004 -, RESOLUTION DECLARING INTENTION TO ORDER THE CONSTRUCTION OF CERTAIN IMPROVEMENTS IN PROPOSED ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES), DECLARING THE IMPROVEMENTS TO BE OF SPECIAL BENEFIT, DESCRIBING THE DISTRICT TO BE ASSESSED TO PAY THE COSTS AND EXPENSES THEREOF, PROVIDING FOR THE ISSUANCE OF BONDS, AND TO DESIGNATE THE AREA AN UNDERGROND UTITLITES DISTRICT WHEREAS, this legislative body has instituted proceedings for the formation of a special assessment district designated as Assessment District No. 68 (Newport Shores) (hereinafter referred to as the "Assessment District") to provide forthe conversion of certain overhead electrical and communication facilities to underground locations, together with appurtenances and appurtenant work in connection therewith, pursuant to the terms and provisions of the "Municipal Improvement Act of 1913 ", being Division 12 of the Streets and Highways Code of the State of California (the "Act "); WHEREAS, this legislative body further desires to ascertain whether area comprising the Assessment District should be designated an underground utilities district pursuant to Chapter 15.32 of the Code of Ordinances of the City of Newport Beach (the "City "); • WHEREAS, the conversion of the overhead electrical and communication facilities to underground locations, togetherwith appurtenances and appurtenant work in connection therewith, is to be done to further public safety and welfare and to improve aesthetics within the area of the Assessment District; WHEREAS, this legislative body has been presented and has received a map (the "Map ") showing and describing the boundary of the area proposed to be assessed in the Assessment District; WHEREAS, the assessment proceedings for the Assessment District were initiated - by owners of the real property; NOW THEREFORE, Be it Determined, Resolved, and Ordered by the City Council of the City as follows: DECLARATION OF INTENTION SECTION 1. The public interest and convenience require, and it is the intention of this legislative body to order, pursuant to the Act, the construction of the public improvements hereinafter described in and for the Assessment District, to assess the cost thereof against the real property specially benefited thereby, and to designate the area an underground utilities district. DESCRIPTION OF IMPROVEMENTS SECTION 2. The public improvements to be constructed and the manner of the • construction are generally described as follows: A. The improvements generally consist of the conversion of existing overhead electrical and communication facilities to underground locations within the area shown on the Map, together with appurtenances and appurtenant work thereto, all to serve and specially benefit the properties within Assessment District No. 68 (Newport Shores). B. All rights -of -way and easements required for the improvements shall be shown upon the plans to be made a part of the Assessment Engineer's Report (described below) and to be filed with these proceedings. C. All of the improvements to be constructed are to be installed at the places and in the particular locations, and to the sizes, dimensions and materials, and to the lines, grades and elevations, as shown and delineated upon the plans, profiles and specifications all to be made a part of the Assessment Engineer's Report. D. The description of the improvements contained in this Resolution is general in nature, and the plans and profiles of the work as contained in the Assessment Engineer's Report shall be controlling as to the correct and detailed description thereof. • DESCRIPTION OF ASSESSMENT DISTRICT SECTION 2. The improvements are of special benefit to the real property within the Assessment District, and this legislative body hereby makes the expenses of the construction of such improvements chargeable upon the Assessment District, which is described as follows: All real property and other territory in the proposed Assessment District included within the exterior boundary lines shown on the Map described above, which Map, entitled "Proposed Boundaries Assessment District No. 68 (Newport Shores)," was previously approved by this legislative body, exhibits the property specially benefited and proposed to be assessed to pay the costs and expenses of the construction of the work and improvements, and is on file with the transcript of these proceedings. For all particulars as to the boundaries of the Assessment District, reference is hereby made to the boundary Map. • 2 • REPORT OF THE ASSESSMENT ENGINEER SECTION 3. The proposed improvements are hereby referred to MuniFinancial (the "Assessment Engineer'), who is hereby directed to make and file a report as required by the Improvement Act, The Special Assessment Investigation, Limitation, and Majority Protest Act of 1931, Article XIIID of the Constitution of the State of California, and the Omnibus Proposition 218 Implementation Act (Government Code Section 53750), such report (the "Assessment Engineers Report ") shall be in writing and contain the following: A. Plans and specifications of the improvements proposed to be constructed; B. An estimate of the cost of the construction of the improvements proposed to be constructed, including the cost of the incidental expenses, in connection therewith; C. A diagram showing the Assessment District, which shall also show the boundaries and dimensions of the respective real property and other territory within such Assessment District, as the same existed at the time of the passage of this Resolution of Intention, each of which subdivisions shall be given a separate number upon such diagram; D. The proposed assessment of the assessable costs and expenses of the construction of the proposed improvements upon the real property in the is Assessment District in proportion to the estimated special benefits to be received by the real property, respectively, from such improvements. Such assessment shall refer to such real property upon such diagram by the respective numbers thereof; E. The description of the improvements proposed to be constructed under these proceedings. When any portion or percentage of the assessable costs and expenses of the construction of the improvements is to be paid from sources other than assessments, the amount of such portion or percentage shall first be deducted from the total estimated costs and expenses of such construction, and such assessment shall include only the remainder of the estimated costs and expenses. The assessment shall refer to the subdivisions by their respective numbers as assigned pursuant to subparagraph D above. BONDS SECTION 4. Notice is hereby given that bonds to represent the unpaid assessments, and bear interest at the rate of not to exceed the current legal maximum rate of 12% per annum, will be issued hereunder in the manner provided in the Improvement Bond Act of 1915 (Streets and Highways Code Section 8500, et seq.), which bonds shall be issued for a term not to exceed the legal maximum term as authorized by law, namely, thirty -nine (39) years from the second day of September next succeeding twelve (12) • months from their date. The provisions of Part 11.1 of the Act, providing an alternative procedure for the advance payment of assessments and the calling of bonds shall apply. 3 The principal amount of the bonds maturing each year shall be other than an • amount equal to an even annual proportion of the aggregate principal of the bonds, and the amount of principal maturing in each year, plus the amount of interest payable in that year, will be generally an aggregate amount that is equal each year, except for the first year's adjustment. Pursuant to the provisions of the Improvement Act and specifically Streets and Highways Code Section 10603, the Treasurer is hereby designated as the officerto collect and receive the assessments during the cash collection period. CONSTRUCTION SECTION 5. Except as may otherwise be provided for in the issuance of the bonds described above, all of the improvements shall be constructed pursuant to the provisions of the Act. SURPLUS FUNDS SECTION 6. If any excess shall be realized from the assessment, it shall be used, in such amounts as the legislative body may determine, in accordance with the provisions of law for one or more of the following purposes: A. Transfer to the general fund; provided that the amount of any such transfer • shall not exceed the lesser of One Thousand Dollars ($1,000,00) or five percent (5 %) of the total from the Improvement Fund; B. As a credit upon the assessment and any supplemental assessment; C. For the maintenance of the improvements; or D. To call bonds. IMPROVEMENTFUND SECTION 7. The legislative body hereby establishes a special improvement fund identified and designated by the name of this Assessment District, and into such Fund monies may be transferred at any time to expedite the construction of the authorized improvements, and any such advancement of funds is a loan and shall be repaid out ofthe proceeds of the sale of bonds as authorized by law. • M • PROCEEDINGS INQUIRIES SECTION 8. For any and all information relating to these proceedings, including information relating to protest procedure, your attention is directed to the person designated below: Patrick Arciniega, Project Engineer City of Newport Beach P.O. Box 1768 Newport Beach, California 92658 (949) 644 -3347 PUBLIC PROPERTY SECTION 9. All public property shall be subject to assessment in these proceedings. RIGHTS -OF -WAY SECTION 10. The public interest, convenience and necessity requires that certain land, rights -of -way or easements be obtained in order to allow the works of improvement as proposed for this Assessment District to be accomplished. The Assessment Engineer's Report, upon adoption, shall provide certification that the land, • rights -of -way or easements have been acquired or will be acquired as part of the construction of the improvements. NO CITY LIABILITY SECTION 11. This legislative body hereby declares the City will not obligate itself to advance available funds from the City treasury to cure any deficiency that may occur in the bond redemption fund for the Assessment District. ANNUAL ADMINISTRATIVE ASSESSMENT SECTION 12. It is hereby declared that this legislative body proposes to levy an annual assessment pursuant to Section 10204 of the Streets and Highways Code of the State of California, such annual assessment to pay costs incurred by the City and not otherwise reimbursed which result from the administration and collection of assessments and from the administration and registration of assessment bonds and the related bond funds. UTILITY IMPROVEMENTS SECTION 13. Pursuant to Section 10110 of the Streets and Highways Code of the State of California, it is also the intention of this legislative body with respect to the improvements to be owned managed or controlled by any other public agency, regulated • public utility, or mutual water company, priorto ordering the construction of improvements, to enter into an agreement with each public utility company or public agency, or any 5 combination thereof with respect to the improvements to be owned, controlled or managed • by the utility or agency. PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the City of Newport Beach, held on the 8th day of June, 2004, by the following vote: AYES: NOES: ABSENT: ABSTAIN: ATTEST: City Clerk 11 Mayor C� J \� • RESOLUTION NO. 2004 - RESOLUTION GIVING PRELIMINARY APPROVAL TO THE REPORT OF THE ASSESSMENT ENGINEER FOR ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) AND AN UNDERGROUND UTILITIES DISTRICT, SETTING A TIME AND PLACE FOR A PUBLIC HEARING THEREON, AND ORDERING THE INITIATION OF ASSESSMENT BALLOT PROCEDURES WHEREAS, this legislative body has instituted proceedings for the formation of a special assessment district designated as Assessment District No. 68 (Newport Shores) (hereinafter referred to as the "Assessment District') to provide forthe conversion of certain overhead electrical and communication facilities to underground locations, together with appurtenances and appurtenant work in connection therewith, pursuant to the terms and provisions of the "Municipal Improvement Act of 1913 ", being Division 12 of the Streets and Highways Code of the State of California (the "Act'); WHEREAS, the Assessment District area should be designated an underground utilities district pursuant to Chapter 15.32 of the Code of Ordinances of the City of Newport Beach (the "Ordinance "); WHEREAS, a resolution of intention (the `Resolution of Intention ") forthe formation • of the Assessment District and the utility conversion was previously adopted by this legislative body; WHEREAS, there has been prepared and filed with this. legislative body for its consideration a Report of the Assessment Engineer (the 'Report') as provided for in and required by the Resolution of Intention, Sections 10203 and 10204 of the Act, The Special Assessment Investigation, Limitation, and Majority Protest Act of 1931, Article XIIID of the Constitution of the State of California ( "Article XIIID "), and the Proposition 218 Omnibus Implementation Act (commencing with Section 53750 of the Government Code) (the "Implementation Act") (the Act, Article XIIID, and the Implementation Act are referred to herein collectively as the "Assessment Law") and the Ordinance; NOW, THEREFORE, It is hereby Determined, Resolved, and Ordered as follows: SECTION 1. The above recitals are all true and correct. SECTION 2. The Report is adopted, passed upon, and preliminarily approved, as follows: A. The plans and specifications for the proposed improvements to be constructed, as contained in the Report, are hereby preliminarily approved and adopted; 0 B. The Assessment Engineer's estimate of the itemized and total costs and expenses of the construction of the improvements and of the incidental expenses in connection therewith contained in the Report, and each of them • are hereby preliminarily approved and adopted; C. The diagram showing the Assessment District referred to and described in the Resolution of Intention, and also the boundaries and dimensions of the respective real property interests within the Assessment District, as the same existed at the time of the passage of said Resolution of Intention, each of which have been given a separate number upon the diagram, as contained in the Report, is hereby preliminarily approved and adopted; D. The proposed assessment upon the several property interests in the Assessment District, in proportion to the estimated special benefits to be received by such property interests, respectively, from the improvements to be constructed, and of the incidental expenses thereof, as contained in the Report, are hereby preliminarily approved and adopted; E. The descriptions of the improvements to be constructed contained in the Report are hereby preliminarily approved. SECTION 3. The Report shall stand as the Assessment Engineer's Report for the purpose of all subsequent proceedings had pursuant to the Resolution of Intention. SECTION 4. NOTICE IS HEREBY given that the City Council of the City Of Newport Beach will hold a public hearing on the assessment district, the proposed • assessments, and the designation of the area as an underground utilities district at its regular meeting place, being the Council Chambers at 3300 Newport Boulevard, Newport Beach, California, on July 27, 2004 at 7:00 p.m. Pursuant to the provisions of the Assessment Law, each record owner of property that is subject to the assessment has the right to submit an assessment ballot in favorof or in opposition to the proposed assessment. Assessment ballots will be mailed to the record owner of each property interest located within the assessment district and subject to a proposed assessment. Each such owner may complete such ballot and thereby indicate their support for or opposition to the proposed assessment. All such ballots must be received by the City Clerk at the following address at or before the time set for the close of the public hearing: City Clerk City of Newport Beach 3300 Newport Boulevard Newport Beach, CA 92658 A postmark prior to such date and time will not be sufficient. At the conclusion of the public hearing, the City Council shall cause the assessment ballots timely received to be opened and tabulated. If a majority protest exists, the City • Council shall not impose an assessment within the assessment district. A majority protest 2 • exists if, upon the conclusion of the public hearing, assessment ballots submitted in opposition to the assessments within the assessment district exceed the ballots submitted in favor of such assessments. In tabulating the ballots, the ballots shall be weighted according to the proportional financial obligation of the affected property. SECTION 5. The City Clerk is hereby directed to mail, in the form and manner prescribed in the Assessment Law and at least 45 days prior to the date of the public hearing, notice of the public hearing and the adoption of the Resolution of Intention and of the filing of the Report, together with the assessment ballot materials, to the record owners of all real property proposed to be assessed. SECTION 6. The City Clerk is hereby further directed to file a copy of the proposed boundary map in the Office of the County Recorder within fifteen (15) days of the adoption of this resolution; said boundary map to be filed in the manner and form as set forth in Division 4.5 of the Streets and Highways Code of the State of California. PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the City of Newport Beach, held on the 8th day of June, 2004, by the following vote: AYES: NOES: • ABSENT: ABSTAIN: ATTEST: City Clerk • Mayor BOND COUNSEL AGREEMENT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) . THIS AGREEMENT is made and entered into as of June 9, 2004, by and between the City of Newport Beach, California, a municipality ( "City "), and Robert E. Hessell, attorney -at -law ( "Counsel "). IT 1S HEREBY AGREED by and between Counsel and City as follows: SECTION 1. Obligations of Counsel. Under this agreement, Counsel shall perform legal services for and on behalf of City in connection with the proceedings relating to the formation of an underground utilities assessment district designated Assessment District No. 68 (Newport Shores) (the "AD "), to the establishment of an underground utilities district, and to any related bond or other debt issuance by, or for the benefit of, the AD. 1.1 Time is of the essence in the performance of services under this agreement and the services shall be performed to completion in a diligent and timely manner. SECTION 2. Scope of Services. Legal services to be provided by Counsel shall include: (a) attending negotiation sessions and otherwise assisting City staff in the negotiation with utility companies; (b) preparing all resolutions, notices, agreements, bonds, and other papers and documents required in the proceedings; (c) examining the proceedings related to the formation of the AD (d) appearing at all hearings under the proceedings, and attending any other meeting where attendance is requested by the City; (e) reviewing and examining the map showing the boundaries of the AD; (f) reviewing the method and formula utilized by the Assessment Engineer for the apportionment of the special assessment; (g) reviewing the "Report" of the Assessment Engineer; (h) participating with the City's financing team to determine the structure of any bond or similar debt issuance; (i) assisting in the review of those sections of the official • statement to be disseminated in connection with the issuance of any series of bonds related to authority and security for the bonds, tax- exemption, legal opinion, litigation, summary of bond indenture, bond purchase agreement or notice of sale and other supporting documentation relating to the offering for sale of any bonds or similar indebtedness; 0) preparing or reviewing any continuing disclosure agreement required under SEC Rule 15c2 -12; (k) consulting with any underwriter, rating agency and credit enhancement provider, and their respective legal counsel, participating in the sale of, or security for, any bonds or similar indebtedness; (1) consulting with any trustee, fiscal agent or paying agent, and their respective legal counsel, participating in the sale of, or security for, any bonds or similar indebtedness; (m) assisting in any ballot proceedings; (n) subject to the completion of the proceedings to Counsel's satisfaction, issuing an approving legal opinion attesting to the validity of the proceedings and the issuance of bonds or similar indebtedness, which legal opinion will be addressed to the City and will be delivered by Counsel on the date the bonds are exchanged for their purchase price (the "Closing "); (o) providing any necessary supplemental legal opinions as to the applicability of the registration requirements of federal securities laws and other matters related to the issuance of bonds or similar indebtedness; provided, however, such opinions do not include the rendering of a 10(b)5 opinion regarding any official statement or similar document; (p) providing advice and instruction to the City and its staff in connection with any of the foregoing. SECTION 3. Obligations of City. The City shall A. Furnish to Counsel such maps, records, title searches, filings, reports, certificates and other documents and proceedings, or certified copies thereof, as are necessary or convenient for Counsel to provide Counsel's approving legal opinions. B. Pay Counsel for services rendered pursuant to this agreement as follows: Formation of AD and Debt Issuance. if the AD is formed and bonds or similar indebtedness are issued by or for the benefit of the AD, Counsel shall be paid a fee • • for all services computed on the principal amount of each series of bonds or similar indebtedness issued as follows: One -half of one percent (0.5 %) of the principal amount up to $5,000,000; plus One- quarter of one percent (0.25 %) of the principal amount from $5,000,001 to $10,000,000; plus One - eighth of one percent (0.125 %) of the principal amount from $10,000,001 to $20,000,000; plus One - sixteenth of one percent (0.0625 %) of the principal amount above $20,000,001. Notwithstanding the foregoing, the minimum fee shall be $20,000. The fee for the bonds or similar indebtedness shall be due and payable upon the occurrence of the Closing. 2. If Debt Is Not Issued. In the event that the AD is formed and debt is not issued for any reason, Counsel shall be paid a fee of $5,000 for all services rendered with respect to the formation of the AD. The fee shall be due and payable upon invoice from Counsel, which may be transmitted to the City following a determination that debt will not be issued. 3. Costs and Expenses. In addition to the foregoing, all costs and expenses reasonably incurred in connection with the proceedings to form the AD are to be billed to, and • payable by, City. Costs and expenses will be billed at cost, except the expenses stated below will be billed as follows: Photocopying: Mileage: Facsimile: Computer Research: Transcript Preparation Bond Preparation: $0.10 per page IRS Rate - (unless over one -half hour and billed hourly) $0.10 per page (sending only) Cost, plus 10% Not to exceed $90 per transcript Not to exceed $300 per series of bonds Costs and expenses incurred in connection with the proceedings to form the AD shall be due and payable at the time the fee for the services is due and payable and shall be payable solely from the proceeds of the first issuance of bonds or similar indebtedness, collections from the Assessment District, or any combination thereof. Expenses incurred in connection with the issuance of bonds or similar indebtedness shall be due and payable at the time of the Closing of the issue for which such expenses were incurred and shall be payable from the proceeds of the issue. SECTION 4. Limitation of Agreement. Counsel's services under this agreement are limited to those expressly set forth in Section 2 above. Among other things, the scope of services does not include: (a) preparing requests for tax rulings from the Internal Revenue Service, or no action letters from the Securities and Exchange Commission; (b) except as described in Section 2 above, assisting in the preparation or review of an official statement or other disclosure document with respect to any series of bonds, or performing an independent investigation to determine the accuracy, completeness or sufficiency of any such document or rendering advice that the official statement or other disclosure document does not contain any untrue statement • of a material fact or omit to state a material fact necessary to make the statements contained therein, in light of the circumstances under which they were made, not misleading; (c) preparing blue sky or investment surveys with respect to any series of bonds; (d) making an investigation or expressing any view as to the • creditworthiness of the bonds; (e) representing the City in Internal Revenue Service examinations or inquiries, or Securities and Exchange Commission investigations; (f) after Closing of any series of bonds, providing the City continuing advice concerning any actions necessary to assure that interest paid on the bonds will continue to be excludable from gross income for federal income tax purposes. SECTION 5. Additional Services. Upon written request of the City, Counsel will provide legal services related to certain appurtenant legal matters, including, but not limited to, the following: (a) preparation of a preliminary official statement and a final official statement; (b) litigation challenging the validity of (i) the proceedings to form the AD, to authorize the levy of special assessments or to issue bonds or similar indebtedness or (ii) the bonds or similar indebtedness; (c) ongoing review and advice regarding the City's compliance with any applicable continuing disclosure agreement; and (d) such other services as the City and Counsel should agree. Counsel, if requested by the City, will prepare a preliminary official statement and a final official statement for a fee of $10,000, plus the cost of printing and delivery. Counsel will perform any other services for a fee to be mutually agreed upon before any work is actually performed. SECTION 6. Conflicts. Counsel hereby states that Counsel does not represent clients with adverse interests to the City with respect to any matter within the scope of services to be provided under this agreement. City acknowledges that Counsel represents or has represented many public agencies and, occasionally, underwriters and other entities, and City understands the possibility that during the time of this agreement, one or more of Counsel's present or future clients may have transactions with the City. City also understands the possibility that Counsel may be asked to represent, in an unrelated matter, one or more of the entities involved in the matters contemplated by this agreement. Counsel does not believe that such representation, if it occurs, will adversely affect Counsel's ability to represent the City as provided in this agreement, either because the matters will be sufficiently different from the matters contemplated by this • agreement so as to make the representations not adverse to Counsel's representation of the City or because the potential for such adversity is remote or minor and outweighed by the consideration that it is unlikely that advice given to the other client will be relevant to any aspect of the matters contemplated by this agreement. Execution of this agreement signifies the City's consent to Counsel's representation of others consistent with the circumstances described in this paragraph. Counsel hereby agrees to inform City in advance of any potential representation Counsel plans to undertake on behalf of other parties or entities involved in the matters contemplated by this agreement. [The remainder of this page is intentionally blank.) • • SECTION 7. Termination. Either party may terminate this Agreement by giving seven (7) calendar days written notice thereof to the other party. • • IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the day and year first hereinabove written. City of Newport Beach By: Mayor, for the City of Newport Beach Robert E. Hessell C Approved as to form: City Attorney F: \USERS\PBW\Shared\Agreements \FY 03- 04 \Hessell -Bond Counsel AD68.doc (ssr) rd PRELIMINARY ENGINEER'S REPORT FOR UNDERGROUND UTILITY ASSESSMENT DISTRICT NO. 68 NEWPORT SHORES) PREPARED UNDER THE PROVISIONS OF THE MUNICIPAL IMPROVEMENT ACT OF 1913 FOR THE CITY OF NEWPORT BEACH ORANGE COUNTY, CALIFORNIA INTENT MEETING: June 8, 2004 PUBLIC HEARING: July 27, 2004 Prepared by. MuniFinancial May 27, 2004 (Version 2) Corporate office 27368 Via Industria Suite 110 Temecula, CA 92590 Tel: (909) 587 -3500 Tel: (800) 755 -MUNI (6864) Fax: (909) 587 -3510 Regional Offices Anaheim, CA Industry, CA Lancaster, CA Oakland, CA ww-w.mum.com Phoenix, AZ San Diego, CA Seattle, WA Washington, DC 0 • • • ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) CITY OF NEWPORT BEACH • TABLE OF CONTENTS INTRODUCTION & CERTIFICATIONS 1 SECTION I -PLANS AND SPECIFICATIONS ........................................................................... ..............................4 SECTIONII -COST ESTIMATE .................................................................................................... ..............................5 SECTION III - ASSESSMENT ROLLAND METHOD OF ASSESSMENT SPREAD .......... ..............................7 SECTION IV - MAXIMUM ANNUAL ADMINISTRATIVE COST ....................................... ............................. 14 SECTION V - ASSESSEMENT DIAGRAM & BOUNDARY MAP 15 SECTION VI - GENERAL DESCRIPTION OF FACILITIES, RIGHT OF WAY & ENVIRONMENT CERTIFICATE................................................................................................................................. ............................... 16 MuniFinancial Page i City of Newport Beach AGENCY: CITY OF NEWPORT BEACH . PROJECT: ASSESSMENT DISTRICT No. 68 (NEWPORT SHORES) TO: CITY COUNCIL SUBJECT: ENGINEER'S REPORT PURSUANT TO THE PROVISIONS OF SECTIONS 2961 AND 10204 OF THE STREETS AND HIGHWAYS CODE INTRODUCTION The purpose of Assessment District No. 68 (Newport Shores) is to provide funds to underground overhead utility lines in the area generally described as Newport Shores, specifically the areas located in the western portion of the City and generally including those properties along Canal Street; 62 "4 Street; 61.1 Street; Newport Shores Drive; Grant Street; Fern Street; Orange Street; Colton Street; Lugonia Street; Walnut Street; Cedar Street; Prospect Street and Sunset Drive. The Canal acts as the northern boundary; the Santa Ana River provides the northwestern boundary while Coast Highway West delineates the District's southern boundary. The proposed improvements will improve safety and service reliability, increase capacity and enhance property aesthetics. These improvements will be constructed in order to conform to existing City of Newport Beach, Southern California Edison, SBC Communications and Adelphia Cable standards. The improvements will provide a special and direct benefit to properties located within the Assessment District. Pursuant to the provision of .A Iirle V11D of the State Constitution, Part 7.5 of the "Special Assessment • Investigation, Limitation and Majority Protest Act of 1931 ", being Division 4 of the Streets &Htgbmay Cade of the State of California, and the "Municipal Improvement Act of 1913 ", being Division 12 of said Code, and the Resolution of Intention, adopted by the City Council of the City of Newport Beach, State of California, in connection with the proceedings for Assessment District No. 68 (Newport Shores), I, David L. Hunt, a Registered Professional Engineer and authorized representative of Muni Financial, the duly appointed Engineer of Work, herewith submits the "Report" for Assessment District No. 68 (Newport Shores) consisting of six (6) parts as stated below. Section I This section contains the Plans and Specifications that describe the general nature, location and extent of the proposed construction improvements, and, here referenced, are made a part of this report. Said plans are on file and available for review in the Office of the Superintendent of Streets. Section II This section contains an estimate of the cost of the proposed improvements, including capitalized interest, if any, incidental costs and expenses connected therewith as set forth herein and attached hereto. Section III This section consists of the following: • MuniFinancial Page 1 City of Newport Beach E ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) A. A projected assessment of the total costs and expenses of the proposed improvements upon the several subdivisions of land within the Assessment District No. 68 (Newport Shores), in proportion to the special benefit received by such subdivision from said improvements, which is set forth upon the assessment roll filed herewith and made a part hereof. B. The total amount, as near as may be determined, of the total principal sum of all unpaid special assessments and special assessments required or proposed to be levied under any completed or pending assessment proceedings, other than that contemplated for the Assessment District No 68 (Newport Shores), which would require an investigation and report under the "Special Assessment Investigation, Limitation and Majority Protest Act of 1931" against the total area proposed to be assessed. C. The total true value, determined from the latest Assessor's roll, of the parcels of land and improvements proposed to be assessed. Section IV This section contains the proposed maximum annual administrative assessment to be levied upon each subdivision or parcel of land within the Assessment District No. 68 (Newport Shores) to pay costs incurred by the City of Newport Beach, and not otherwise reimbursed, resulting from the administration and collection of assessments, from the administration and registration of any associated bonds and reserve or other related funds, or both. • Section V This section contains a map showing the boundaries of the Assessment District No. 68 (Newport Shores), and a diagram showing the Assessment District, the boundaries and the dimensions of the subdivisions of land within Assessment District No. 68 (Newport Shores) • Section VI This section provides the following information: A. Description of facilities B. Right -of -Way Certificate C. Environmental Certificate This report is submitted on this day of David L. Hunt, P.E. (CE 30514) Assessment Engineer City of Newport Beach State of California +'nu k7111F1 MuniEinancial Page 2 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) E CERTIFICATIONS I HEREBY CERTIFY that the enclosed Engineer's Report, together with the Assessment and Assessment Diagram thereto attached received preliminary approval by the City Council of the City of Newport Beach, Califomia on this day of 12004 Clerk of the City Council, City of Newport Beach, California I HEREBY CERTIFY that the Engineer's Report, together with the Assessment and Assessment Diagram thereto attached received final approval and confirmation by the City Council for the City of Newport Beach, California, on the day of 2004. • Clerk of the City Council, City of Newport Beach, California • Muni Financial Page 3 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) • Section I Plans and Specifications L� • The Plans and Specifications to construct the utility undergrounding improvements and any ancillary improvements thereof, for Assessment District No. 68 (Newport Shores), are voluminous and will not be bound in th s Report, but by this reference are incorporated as if attached to said Report. The utility undergrounding Plans and Specifications are on file and available for review in the office of the Superintendent of Streets for the City of Newport Beach. MuniFinancial Page 4 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) Section II Cost Estimate The Cost Estimate is located on the next page. MuniFinancial Page 5 City of Newport Beach CJ • • ENGINEERS REPORT CITY OF NEWPORT BEACH • Underground Assessment District No. 68 (Newport Shores) Section II • Cost Estimate TOTAL MA OUNT CONSTRUCTION COSTS Electrical Construction Costs Southern California Edison $2,475.636.00 Street Rehabilitation 765.880.00 Steel Rehabilitation Contribution (191,470.00) Contingency (15%) 457,506.90 Edison Design Engineering 60 000.00 Sub Total $3,567,552.90 Telephone Construction Costs SBC Communications $1.554.361.00 Contingency (15 %) 233,154.15 SBC Communications Design Engineering 60,000.00 _ Sub Total $1,847,515.15 Total Construction Costs $5,415.068.05 INCIDENTAL EXPENSES Assessment Engineering $37.635.00 Disclosure Counsel 23,500.00 City Administration 75.000.00 Construction Inspection 30,000.00 Financial Advisor 30,000.00 Filing Fees 5.000.00 Bond Counsel 35,000.00 Paying Agent 3.000.00 Financial Printing. Registration & Servicing 16,000.00 Inddental Contingency (10 %) • 28,348.33 Sub Total $283,483.33 Total Construction Costs & Incidental Expenses $5.698.551.38 FINANCING COSTS (1st Bond Issue) Undewiters Discount (1.1 %) $68,255.00 Reserve Fund/Credit Enhancement (7 %) 434,350.00 Financing Continaencv 3,843.62 Sub Total $506,448.62 DISTRICT FORMATION AMOUNT TO ASSESSMENT $6,205,000.00 FEDERAL INCOME TAX COMPONENT OF CONTRIBUTION (ITCC) 2nd Bond Issue , Only necessary if Federal Government requires the tax payment' INCIDENTAL & FINANCING COSTS (2nd Bond Issue) ITCC Portion $544,639.92 Bond Counsel 10,000.00 Disclosure Counsel 25,000.00 Paying Agent 3.000.00 Undemriters Discount (1.1%) 7.260.00 Reserve Fund (7 %) 46.200.00 Capitalized interest (6.25% for 6 months) 20,625.00 Bond Issuance Contingency 3.275.08 Total $660,000.00 TOTAL FEDERAL TAX, INCIDENTAL AND FINANCING COSTS $660,000.00 • TOTAL AMOUNT TO ASSESSMENT (Both Bond Issues) $6,865,000.00 2nd bond issue for Federal Income TW Component of Contribution (22 %) and will only be issued if the Federal Government requests the payment of the gage 6 AS CONFIRMED ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) Section III • Assessment Roll and Method of Assessment Spread ASSESSMENT W HEREA S, On the day of 12004, the City Council of the City of Newport Beach, State of California, under the Mnnicipallmproaement Act of 1913 (the "Act'), being Division 12 of the Streets and Higbways Code of the State of California, adopted its Resolution of Intention, Resolution No. 2004- , for the installation and construction of certain public improvements togetherwith appurtenances and appurtenant work in connection therewith, fora Special Assessment District known and designated as Assessment District No. 68 (Newport Shores); and WHEREAS, said Resolution of Intention, as required 510204 of the Act, did direct the Engineer of Work to make and file a "Report", consisting of the following: 1. Plans and Specifications 2. Cost Estimates 3. Assessment Diagram detailing Assessment District No. 68 (Newport Shores) and the subdivisions of land therein 4. A proposed assessment of costs and expenses of the Works of Improvement levied upon the parcels within Assessment District No. 68 (Newport Shores) boundaries. 5. The proposed maximum annual assessment to be levied upon each subdivision or parcel of land within Assessment District No. 68 (Newport Shores) to pay costs incurred by the City and not • otherwise reimbursed resulting from the administration and collection of assessments or from administration and registration of any associated bonds and reserve or otherwise related funds. For specifics, reference is made to the Resolution of Intention as previously adopted. NOW, THEREFO RE, I, David L. Hunt, P.E., the authorized representative of MuniFinaneial, pursuant toz4rticle V11D of the California Constitution and the "Municipal Improvement Act of 1913 ", do hereby submit the following assessment to cover the portion of the estimated cost of the Improvements and the costs and expenses incidental thereto to be paid by the assessments: 1. Pursuant to the provisions of the Act and the Resolution of Intention I do hereby assess and apportion the Balance to Assessment of the Total Cost of the acquisitions, work and improvements upon the several lots, pieces or parcel or portions of lots or subdivisions of land liable therefore and specially benefited thereby, and hereinafter numbered to correspond with the numbers upon the attached Assessment Diagram, upon each, severally and respectively, in accordance with the special benefits to be received by such subdivisions, respectively, from the Improvements, and more particularly set forth in the list hereto attached and by reference made a part hereof. 2. Said assessment is made upon the several subdivisions of land within dhe Assessment District No. 68 (Newport Shores) in proportion to the estimated special benefits to be received by the subdivisions, respectively, from the improvements. As required by the Act, an Assessment Diagram is hereto • MuniFinancial Page 7 City of Newport Beach • • ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) attached showing the Assessment District and also the boundaries and dimensions of the respective subdivisions of land within the Assessment District as the same existed at the time of the passage of the Resolution of Intention, each of which subdivisions having been given a separate number upon the Assessment Diagram. Each subdivision of land assessed is described in the Assessment Roll by reference to its parcel number as shown on the Assessor's Maps of the County of Orange for fiscal year 2003 -04 and includes all of such parcels excepting those portions thereof within existing public roads or right of way to be acquired in these proceedings for public road purposes. For a more particular description of said property, reference is hereby made to the deeds and maps on file and of record in the office of the County Recorder of the County. 4. Notice is hereby given that serial and /or term improvement bonds to represent unpaid assessments will be issued hereunder in the manner provided by Division 10 of the Streets and Highways Code, the Improvement Bond At of 1915. Said bonds shall bear interest at a rate not -to- exceed twelve percent (12 %) per annum, or such higher rate of interest as may be authorized by applicable law at the time of sale of such bonds. These bonds shall be issued is such a manner so that they will not exceed the legal maximum term authorized by law, THIRTY -NINE (39) YEARS from the 21 day of September next succeeding twelve (12) months from their date 5. Pursuant to the authority contained in said "Municipal Improvement Act of 1913 ", and by further direction and order of the City Council, I hereby recommend the following assessment to cover costs and expenses of the Works of Improvement for Assessment District No. 68 (Newport Shores) based upon costs and expenses detailed below. Summary of Estimated Costs As Preliminarily Approval As Confirmed & Recorded As Modified After Reconciliation Est. Construction Costs $ 5,415,068.05 Est. Incidental Expenses $ 283,483.33 Est. Financing Costs $ 506,448.62 Est. Federal Tax & Finance Costs $ 660 000.00 Est. Total Cost $ 6,865,000.00 Est. Balance to Assessment $ 6,865,000.00 For specifics as to the individual assessments and their descriptions, reference is made to Table 1 (Assessment Roll) attached hereto. 6. The Method of Spread of Assessment is asset forth in the exhibit identified as Section III (Exhibit 1) which is attached hereto, referenced and so incorporated. MuniFinancial Page 8 City of Newport Beach CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) Section II - Assessment Roll Assessment Assessor's Total Assessed Existing I.D. No. Parcel No. Value Limns 045-010 -15 1 408,298.00 0.00 045-010 -16 2 304.653.00 0.00 045010 -17 3 650,000.00 0.00 045010 -18 4 323,522.00 0.00 045010 -20 5 470,830.00 0.00 045010 -21 6 419,177.00 0.00 045010 -22 7 456.319.00 ODD 045010 -23 8 384,262.00 0.00 045010 -26 9 349,831.00 0.00 045 -051 -09 10 606,161.00 0.00 045051 -10 11 487,947.00 0.00 045051 -11 12 440.994.00 0.00 045051 -12 13 393,139.00 0.00 045-051 -13 14 306Al2.00 0.00 045-052 -03 15 370,781.00 0.00 045052-04 16 361,454.00 0.00 045052 -05 17 69.792.00 0.00 045052 -06 18 435,095.00 0.00 045052 -08 19 449,000.00 0.00 045052 -09 20 309,696.00 0.00 045052 -10 21 144,476.00 0.00 045052 -11 22 317.680.00 0.00 045052 -12 23 321,166.00 0.00 045052 -13 24 72,230.00 0.00 045-052 -14 25 603,432.00 ODD 045053 -02 26 389.872.00 ODD 045-053-03 27 389.872.00 0.00 045053-05 28 437.444.00 0.00 045053 -06 29 343.616.00 0.00 045053 -10 30 366,115.00 0.00 045-05312 31 810.000.00 0.00 045-05313 32 340.330.00 0.00 045-05317 33 134,605.00 ODD 045-053 -18 34 242,398.00 0.00 045-05319 35 123.531.00 0.00 045053 -20 36 395,086.00 ODD 045 -05321 37 599582.00 0.00 045053 -23 38 392,646.00 0.00 045053 -24 39 110.019.00 ODD 045-053 -25 40 116,711.00 ODD 04505326 41 509,244.00 0.00 045053 -27 42 119.209.00 0.00 045053-28 43 58,335.00 0.00 04505329 44 139,491.00 0.00 04505330 45 174,774.00 0.00 045053 -31 46 128.472.00 0.00 045053 -32 47 111,084.00 0.00 045-053-33 48 356,833.00 0.00 04505334 49 268.283.00 ODD 045053 -35 50 313,795.00 0.00 04505336 51 220,227.00 0.00 045 -053 -37 52 51,395.00 0.00 045053 -38 53 51,395.00 0.00 045053 -39 54 235,924.00 0.00 045 -05340 55 310,990.00 ODD 045053 -41 56 217.359.00 ODD 045 -05342 57 443.700.00 0.00 045- 05345 58 75,420.00 0.00 045054 -26 59 244,055.00 ODD 045-OM -27 60 685,000.00 ODD 045- 054 -28 61 550,800.00 0.00 045 - 054 -29 62 321.166.00 0.00 045- 054 -30 63 315.430.00 0.00 045054 -31 64 528.523.00 0.00 045 -054 -32 65 108.704.00 ODD 045- 054 -33 66 315.886.00 0.00 045054 -34 67 72.542.00 0.00 INITIAL BOND ISSUE As As Preliminarily Confirmed A,ppmvedl and RecoMed $0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18,634.98 18.634.98 18.634.98 18.634.98 18,634.99 9,317.49 9.317.49 9.317.49 9.317.49 9.317.49 9.317.49 9.317.49 9.317.49 9.317.49 9.317.49 9.317.49 10.858.34 10.858.34 10,858.34 10.858.34 10,858.34 10.858.34 10.858.34 10.858.34 10,858.34 10,858.34 10.858.34 10,858.34 10,858.34 10,058.34 10.858.34 10,858.34 10.858.34 10.858.34 10.858.34 10.858.34 10,858.34 10.858.34 9,317.49 9,317.49 9.317.49 9,317.49 9.317.49 9.317.49 9.317.49 9.317.49 9.317.49 9.317.49 10.658.34 9.317.49 9.317.49 9.317.49 9.317.49 9.31749 9.31749 9.31749 9.317.49 9,31749 Page 84 TOTAL BOND ISSUE (1st and 2nd Bond Issues) As As Preliminarily Con6imed Approvad and R.m d $0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20.852.30 20.852.30 20,852.30 20.852.30 20.852.31 10.426.15 10.426.15 10.426.15 10.426.15 10.426.15 10.426.15 10.426.15 10,426.15 10,426.75 10,426.15 10.426.15 11.967.00 11.967.00 11.967.00 11,967.00 11.967.00 11.967.00 11,967.00 11,967.00 11,967.00 11,967.00 11 967.00 11.967.00 11,967.00 11 967.00 11.967.00 11,967.00 11 967.0 11,967.00 11.967.00 11,967.00 11 967.00 11,967.00 10,426.15 10,426.15 10,426.15 10,426.15 10,426.15 10,426.15 10,426.15 10,426.15 10.426.15 10,426.15 11.967.00 10,426.15 10,426.15 10,426.15 10,426.15 10 426.15 10.426 15 10 426.15 10.426.15 10,426.15 Value - to- Ten Na Na Na Na No Na Na Na .to 32.53 26.18 23.66 21.10 16.44 39.79 38.79 7.49 46.70 48.19 33.24 15.51 34.10 34.47 7.75 64.76 35.91 35.91 4029 31.65 33.72 74.60 31.34 12.40 22.32 11.38 36.39 55.22 36.16 10.13 10.75 46.90 10.98 5.37 12.85 16.10 11.83 1023 38.30 28.79 33.68 23.64 5.52 5.52 25.32 33.38 23.33 47.62 6.95 26.19 73.52 59.11 34.47 33.85 56.72 11.67 33.90 7.79 • • 11 • • CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) Section II - Assessment Roll Assessment Assessofs Total Assessed Existing I.DNO. Parcel No Value Liens 045 -050.35 68 71,352.00 0.00 045-05436 69 ]2,60].00 0.00 045 -05501 70 382,934.00 0.00 045-055-02 71 36,894.00 0.00 045-05503 72 71.85600 0.00 045-05605 73 391,283.00 0.00 045 -055 -06 74 637,500.00 0.00 045-055 -OB 75 354,901.00 0.00 045 -05525 76 714,000.00 0.00 045 -05526 ]] 440.535.00 0 00 Itd -061 -11 78 - 0.00 O45 -055-28 79 345.953.00 0.00 045 -05529 80 363,]6100 0.00 045-05530 81 523.680.00 0.00 045 -055-31 82 418327.00 0.00 045 -05532 83 385,920.00 0.00 045-05533 84 816,000.00 0.00 045 -05534 85 368,453900 0.00 045-055-35 86 485,094.00 0.00 045 -05536 87 357.226.00 0.00 045-05537 88 478,80B.00 0.00 045-055-38 69 432,972.00 000 045 -05539 90 50] 715.00 0.00 045 -055-40 91 799,000.00 000 045 -05541 92 498,153.00 D.00 045-055 -42 93 622 200.00 0.00 045 -055-43 94 349842.00 000 045-055-44 95 389.353.00 0.00 045-05545 96 312,396.00 0.00 045 -05546 97 144 305.00 0.00 045-05547 98 510,361.00 0.00 045-05548 99 114,]]3.00 000 045 -05549 100 383,348.00 0.00 045-055-51 101 409,696.00 0.00 045 -05552 102 487.197.00 0.00 045 -055-53 103 738,684.00 0.00 045-055-54 104 397.953.00 0.00 045 -055-55 105 549,334.00 0.00 045 -0S5-56 106 487.486.00 0.00 045 -0$5-57 107 88,6]].00 0.00 045-05558 108 135,162.00 000 045 -055-59 109 836.40D.00 0.00 045-055 -60 110 811,308.00 0.00 045 -055-61 111 381,404.00 000 045 -055 -62 112 1]0.0]2.00 0.00 045-056 -32 113 391,29800 0.00 04505 &33 114 195.096.00 0.00 045 -05634 115 338,236.00 0.00 045-061 -06 116 295.146.00 0.00 045- 061 -10 117 029,655.00 0.00 045 -061 -11 118 107.640.00 0.00 045 -061 -12 119 75,109.00 000 045 -061 -13 120 452,599.00 0.00 045- 061 -14 121 456,319.00 0.00 045-061 -15 122 324.729.00 0.00 O45- 061 -16 123 366.678.00 0.00 045 - 061 -17 124 106.203.00 0.00 045- 061 -18 125 234,598.00 000 048-061 -19 125 328.593.00 0.00 045- 061 -20 127 74,92100 000 O45- 061,22 128 419194.00 0.00 045- 061 -24 129 75.420.00 0.00 045- 061 -25 130 298.007.00 0.00 O45- 061 -26 131 124.758.00 000 045 -061 -27 132 307,209 00 000 045 061 -28 133 61.906.00 000 O45- 06;29 134 598.230.00 000 INITIAL BONO ISSUE As As Preliminarily Confirmed Apvrov and Re-Med 9,317.49 9.31 ].49 9.31].49 9,31].49 9.317.49 9,317.49 9,31].49 9.311`A9 9.31 ].49 9.31].49 0.00 9,31].49 9,31].49 9,31].09 9.31].49 9.317.49 9.317A9 9,317.49 9,31].49 9.317.49 9,31].49 9,31].49 9,31].49 9,31].49 9.317.49 9.31].49 9,31].49 9.31].49 9.31 ].49 9,31].49 9.317.49 9,31].49 9,31].49 9.31 ].49 9,31].49 9,31].49 9.31749 9,31].49 9,31].49 9.31].09 9.317.49 9.317.09 9.31].09 9.31 ].49 9.31].49 9.31].49 9.31].49 9,31].09 10.858.34 10.858.34 10,858.34 10.858.34 10.858.34 10,858.34 10.858.34 10.858.34 10.858.34 10,858.34 10.656.34 10,858.34 10.858.34 10.858.34 10,858.34 10,858.34 10.858 34 10.858.34 10,85B 34 Page 8 -2 TOTAL BOND ISSUE (1 st and 2nd Bond Issues) As As Prehmina* Confirmed roved and Recorded 10.426.15 10,426.15 10,426.15 10.426.15 10.426.15 10.426.15 10,426.15 10.426.15 10,426.15 10.426.15 0.00 10.426.15 10.426.15 10,426.15 10,426.15 10,426.15 10,426.15 10,426.15 10,426.15 10,426.15 10,426.15 10,426.15 10.426.15 10,426.15 10,426.15 10,426.15 10,426.15 10,426.15 10,426.15 10,426.15 10,426.15 10,426.15 10,426.15 10.426.15 10,426.15 10.426-15 10.426.15 10,426.15 10.426.15 10,426.15 10,426.15 10.425.15 10,426.15 10.426.15 10,426.15 10 426.15 10,426.15 10,425.15 11 957.00 11.967M 11.967.00 11.96].00 11.967.00 11,967.00 11,967.00 11,967.00 11.967.00 11967.00 11.96].00 11.967.00 11.967 00 11.96].00 11.967.00 11.967.00 11.957.00 12,967 Be 11.96] 00 Value - to -Lien 7.66 7.79 41.10 4.17 7.71 41.99 68.42 38.09 76.63 47.28 nla 37.13 39.04 56.20 44.90 41.42 87.58 39.54 52.06 38.34 51.39 46.47 54.49 65.75 5346 66.78 37.55 41.79 33.53 1549 54.77 12.32 41.14 4397 $2.29 79.28 42.71 58.96 52.32 9.52 14.51 69.77 87.07 40.93 18.25 42.00 20 94 35.30 27.18 39.57 9.91 6.92 41.68 42.02 29.91 33.]7 9.78 21.61 30.26 6.90 38.51 6.95 27.44 11.49 2829 570 55.09 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) Section 11 - Assessment Roll AsaeSSment Assessors Total Assessed Existing I.DNo. Parcel No. Val.. Liens 045-061 -30 135 528,360.00 0.00 045-061 -31 136 231,316.00 0.00 045- 061 -32 137 448.627.00 0.00 045-061 -33 138 265,866.00 0.00 045-061 -36 139 349.835.00 0.00 045-061 -37 140 383,18000 0.00 045-061 -38 141 560,000.00 0.00 045-062 -07 142 102,078.00 0.00 045 -062-08 143 60,718.OD 0.00 045-062 -09 144 265,388.00 0.00 045-062 -10 145 545.000.00 0.00 045-062 -11 146 423,354.00 0.00 045-062 -12 147 415,749.00 000 045-062 -13 148 100895.00 0.00 045-062 -15 149 75,420.00 0.00 045-062 -16 150 70,103.00 0.00 045-062 -17 151 209,681.00 0.00 045-062 -18 152 253.363.00 000 045-062 -19 153 67.360.00 0.00 045-062 -20 154 265,689.00 0.00 045- 062 -21 155 591,60000 0.00 045-062 -22 156 378,850.00 0.00 045-062 -23 157 190,492.00 0.00 045-062 -25 158 61.906.00 0.00 045- 062 -26 159 381,404.00 0.00 045-062 -Zf 160 559,980.00 0.00 045- 063-04 161 197,775.00 0.00 045-06305 162 58,281.OD 000 045-063-06 163 60,154.00 0.00 045-063-07 164 464.018.OD 0.00 045063-08 165 452,38700 0.00 045-063-09 166 99,946.00 000 045-063.10 167 312,952.OD 0.00 045-063.11 168 280.659.00 0.00 045-063.12 169 113.403.00 000 045 -06113 170 634.644.00 0.00 045-06115 171 291,054.00 0.00 045-06116 172 324,729.00 0.00 045-06118 173 269,550.00 000 045-06119 174 365.211.00 0.00 045-063 -20 175 347,274D0 0.00 045-06121 176 58,281.00 000 045-06122 177 442170.00 0.00 045 -063 -23 178 207,247.00 0.00 045-06124 179 225,490.00 0.00 045-064 -05 180 378,850.00 000 045-064-10 181 101,633.00 0.00 045-064 -11 182 484.5000 0.00 045-054 -12 183 226,866.00 000 045-064-13 184 418,943.00 0.00 045-064 -14 185 240.615.00 0.00 045-064 -16 186 275,510.00 0.00 045-064 -18 187 378.850.00 0.00 045-064 -19 188 530.400.00 000 045-064 -20 189 408,000.00 000 045-064 -21 190 226.666.00 0.00 045 -064 -22 191 324,72700 0.00 045-064 -23 192 225.115.00 0M 045 -060.24 193 249.637.00 0.00 045-064 -25 194 39138200 0.00 045 -OM -26 195 410.975.00 000 045 -064 -27 196 270,791.00 0.00 045-064 -28 197 252,31900 0.00 045 -064 -29 198 359,167.00 000 045 - 064 -30 199 111711.00 0.00 045-064 -31 200 374.453.00 0.00 045 -OM 32 201 383,595.00 000 INITIAL BOND ISSUE As As Pmllminarily Conft mad Aporw.d and Rewrdetl 10,858.34 10.858.34 10.558.34 10,858.34 10.858.34 10,858.34 10.858.34 10,858.34 10.858.34 10.858.34 10.858.34 10,858.34 10.858.34 10.858.34 10,858.34 10,858.34 10.858 34 10.858.34 10,858.34 10,858.34 10,858.34 10,858.34 10.858.34 10.858.34 10,858.34 10.558.34 10.858.34 10.858.34 10.858.34 10.858.34 10.858.34 10,858.34 10,858.34 10 858.34 10,85834 10,858.34 10.858.34 9,317.49 10.858.34 10,858.34 10,858.34 10.858.34 10,858.34 10.858.34 t0.B58.34 10 85834 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10.858.34 10,858.34 10,850.34 10,858.34 10,858.34 10.858.34 10,858.34 10,858.34 10.858.34 10.858.34 10.858.34 10,658 34 10.858.34 10,858.34 10.858.34 Page 8 -3 TOTAL BOND ISSUE (1 at and 2nd Bm1 lssnes) As As Preliminarily Confim d A_ prrmed and R..,d 11.967.00 11,967.00 11.967.00 11.967.00 11,967.00 11,96700 11,967.00 11.967.00 11 867.00 11,967.00 11.967 00 11,967.00 11.967.00 11,967.00 11.967.00 11.967.00 11,967.00 11,967.00 11.967.00 11,967.00 11,967.00 11,967.00 11,967 00 11,967.00 11.967.00 11,967.00 11,967.00 11,96700 11.967.00 11,967.00 11.967.00 11.967.00 11.967.00 11.967.00 11,967.00 11.967.00 1 L967.00 10.426.15 11,967.00 11,967.00 11.967.00 11,967.00 11,967.00 11,967.00 11,967.00 11.967.00 11,967.00 11.967.00 11,967.00 11.967.00 11.967.00 11,967 01 11,967.01 11.967.01 11.967.01 11,967.01 11,967 01 11.967.01 11.967.01 11,967.01 11.967.01 11.967.01 11,967.01 11.967.01 11,967.01 11.967.01 11,967 01 value - lo -Lien 48.66 21.30 41.32 24.48 32.22 35.29 51.57 9.40 5.59 24.44 50.19 38.99 38.29 9.27 6.95 5.46 19.31 23.33 6.20 24.47 54.48 34.89 17.54 5.70 35.13 51.57 18.21 5.37 5.54 42.73 41.66 9.20 28.82 25.85 10.44 58.45 26.80 34.85 24.82 33.63 31 AS 5.37 40]2 19.09 20.77 3489 9.36 44.62 20.89 38.58 22.16 25.37 34.89 48.85 37.57 20.89 29.91 2073 22.99 3504 37.85 24.94 23.24 3308 1047 34 49 3i33 0 • • 0 • CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) Section II - Assessment Roll Assessment Assessor's Total Assessed Existing IT) No, Parcel No Value liens 045-064 -33 202 74,792.00 0.00 045 -064 -34 203 499,392.00 0.00 045-064 -35 204 675.000.00 0.00 045-064 -36 205 95,718.00 0.00 045 -065.06 206 107,106.00 0.00 045 -065 -07 207 382,500.00 000 045 -065-08 208 206.241.00 0.00 045 -06509 209 305,121.00 0.00 045 -06510 210 102,200.00 000 045 -06511 211 384.948.00 0.00 045-06512 212 101,514.00 0.00 045 -06513 213 555,90000 000 045-065 -14 214 106.010.00 0.00 045 -06515 215 346377,00 0.00 045,06516 216 60,777,00 0.00 045-06517 217 367,917.00 0.00 045.065-18 218 153,679.00 0.00 045 -065.20 219 269,600.00 000 045.065-21 220 213.851.00 0.00 045- 065.23 221 215,976.00 0.00 045 -065.24 222 357.20100 000 045 -06525 223 129351,00 0.00 045 -065-26 224 153,935.00 0.00 045-065 -27 225 340.965 ,00 0,00 045 -06529 226 105,013.00 0.00 045 -06530 227 320,378.00 0.00 045-065-31 228 371,273.00 0.00 045 -06532 229 427,804 00 0.00 045 -06533 230 223.027.00 0.00 045 -065-34 .231 394.785.00 0.00 045 -065-35 232 117.482.00 0,00 045-065-36 233 377,137.00 0.00 045 -065-37 234 68,606.00 0.00 045 -065-38 235 335.553.00 0.00 045-065-39 236 76,173.00 0,00 045-06540 237 65,659.00 0.00 045-06541 238 350,853.00 0.00 D45 -066.07 239 419,690.00 0.00 045-066.08 240 241,830.00 0.00 045 -06609 241 92.006.00 0,00 045 -066.10 242 86.498.00 0.00 015066 -11 243 453,61400 0.00 045 -066.12 244 615460.00 0.00 045 -06&13 245 360,201.00 0.00 045 -06 6-14 246 629,744,00 0,00 045 -06 6-15 247 223,428.00 0.00 045 -06 &16 248 87.230.00 0.00 045 -066 -17 249 166,842.00 000 045 -06&18 250 108,516.00 0.00 045 -066.19 251 132601.00 0.00 045 -06&20 252 395,080.00 0.00 045 -06 6-22 253 453,974.00 0.00 045 -06 6-23 254 472,108.00 0.00 045 -066 -24 255 456319.00 0.00 045 -06 6-25 256 308,516.00 0.00 045 -066-26 257 223,42800 0.00 045- 066 -27 258 482.888.00 0.00 045 -06628 259 331,688.00 0.00 045 -06 6-29 260 342,848.00 000 045 -066 -30 261 47,693.00 0.00 045 -06 6-31 262 465,120.00 000 045 - 06632 263 54.812.00 0.00 045-06 6-33 264 413,430.00 0.00 045-06 &34 265 415091.00 000 045- 066 -35 266 250,738.00 0.00 045 -066 -36 267 264,316.00 000 045 - 066 -37 268 465,604 00 000 INITIAL BOND ISSUE As As Preliminarily ConNmed Amroyed And Recorded 10,858.34 10,858.34 10,858.34 10,858.34 10.856.34 10.858.M 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10.858.34 10,858.34 9.317.49 10,858.34 10,858.34 10,85a.34 10,85a.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10.858.34 10,858.34 10858.34 10,856.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10.850.34 10,858.34 10.858.34 10,858.34 9,31749 10,858.34 10.858.34 10,858 34 10,858.34 10,858.34 10,858.34 10,858.34 10,858 34 10,858.34 10.858.34 10.858.34 10 858.34 10,858.34 Page 84 TOTAL BOND ISSUE (1st and 2nd Bond Issues) As As Preliminanly ConBmied Apwoved and Recorded 11,967.01 11,967.01 11 967.01 11 967.01 11,967.01 11,967.01 11,967.01 11.967.01 11,967.01 11 967.01 11,967.01 11.967.01 11,96].01 11,967.01 11,96].01 11,96].01 10,426.16 11,96].01 11,96].01 11,96].01 11.96].01 11,967.01 11,96].01 11,96].01 11.96].01 11,96].01 11,967.01 11.967.01 11,967.01 11 967.01 11,967.01 11,967.01 11,967.01 11 967.01 11,967.01 11 967.01 11,967.01 11,967.01 11,967.01 11,967 01 11.967.01 11,967,01 11 967.01 11,967.01 11,967.01 11,967.01 11,967.01 11,967.01 11,967.01 11,967 01 11,967.01 11,967.01 11.967.01 10.426.16 11,967.01 11,967.01 11,967.01 11,967.01 11,967.01 11,967 01 11,967.01 11 967.01 11,967.01 11,967 01 11,967.01 11.967 01 11.96701 Va1oe- to-Lien 6.89 45.99 62.16 8.82 9.86 35.23 18.99 28.10 9.41 35.45 9.35 51.20 9.76 31.90 5.60 33.88 16.49 24.83 19.69 19.89 32.90 11.91 14,18 31.40 9.67 29.51 34.19 39.38 20.54 36.36 10.82 34.73 6.32 30.90 7.02 6.05 32.31 38.65 22.27 8.47 7.97 41.78 5664 33.17 58.00 20.58 8.03 15.37 9.99 12.21 36.38 41.81 43.48 48.97 28.41 20.58 44.47 30.55 31.57 4 39 42.64 5.05 3807 38.23 23.09 24.34 42.88 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) Section 11- Assessment Roll Assessment Assessoes Total Assessed E�dseng I.D. No. Parent No. Valua Liens 045-06638 269 445,707.00 0.00 045-06639 270 611,235.00 0.00 045-06640 271 413,430.00 0.00 045-06641 272 562.962.00 0.00 045-06642 213 483,308.00 0.00 045 -06643 274 618,697.00 0.00 045-066 -44 275 503.330.00 0.00 045-06645 276 572,220.00 0.00 045-06646 277 285,983.00 0.00 045 -066-47 278 88,807.00 0.00 045 -06648 279 734,400.00 0.00 045-06649 280 143,987.00 0.00 045-06650 281 297,682.00 0.00 045 -06651 282 461,059.00 0.00 045-06652 283 376.919.00 0.00 045-06653 284 603,179.00 0.00 045 -067 -02 285 591,600.00 0.00 045-067-06 286 429,789.00 0.00 045-067 -10 287 105,576.00 0.00 046067-12 288 104,385.00 0.00 045-067-13 289 403,951.00 0.00 045-067-14 290 101,320.00 0.00 045-067-15 291 253,019.00 0.00 045-067-16 292 4]0,85].00 0.00 045-067-17 293 297.358.00 0.00 045-067-18 294 335,636.00 0.00 045-067-19 295 102,326.00 0.00 045-067-20 296 59,527.00 0.00 046067-21 297 176,699.00 0.00 045-067 -22 298 382,048.00 0.00 045-067-23 299 446,331.00 0.00 045-067-24 300 19],]85.00 0.00 046067-25 301 480,420.00 0.00 045-067-26 302 254,367.00 0.00 045-067-27 303 293,715.00 0.00 045-067-28 304 59,527.00 0.00 045-067-29 305 488,155.00 0.00 045-067-30 306 101,320.00 0.00 045-067-31 307 76,90100 000 045 -067 -32 308 66,668.00 0.00 045-067-34 309 301256.00 0.00 045-067-35 310 110,828.00 0.00 045-067-37 311 442,170.00 0.00 045-067 -38 312 477,360.00 0.00 045- 067-39 313 321,166.00 0.00 045-06730 314 435,095.00 0.00 045-06731 315 412.842.00 0.00 045-06732 316 442.170.00 0.00 045-06733 317 419,194.00 0.00 045-067-44 318 415,383.00 0.00 045-06735 319 366,251.00 0.00 045 -06736 320 422,410.00 000 045 -06737 321 100910 00 0.00 045-067-48 322 101,633.00 0.00 045-067-49 323 67,286.00 0.00 045-067-50 324 370,432.00 0.00 045 -067 -51 325 402.40600 0.00 045-067 -52 326 224389.00 0.00 045-067-53 327 455,695.00 0.00 045 -067 -54 32B 368,026.00 0.00 045-067 -55 329 108,262.00 0.00 045-067-56 330 387,621.00 0.00 045 -067 -57 331 219,989.00 0.00 045 - 071 -18 332 185.839.00 0.00 045 - 071 -20 333 381,009.00 0.00 045 -071.22 334 520.924 00 0.00 045- 071 -23 335 150.014.00 0.00 INITIAL BOND ISSUE As As Preliminanly Confirmed AAroved and Recorded 10.858.34 9.31].49 9,31].49 9,31].49 9,31].49 9,31].49 9,31].49 9,31].49 9.31].49 9,31]49 9,31].49 9,31].49 9,31].49 9,31].49 9.31].49 9,31].49 10,858.34 10.858.34 10.858.34 10,858.34 10.858.34 10,858.34 10.858.34 10,858.34 10,858.34 10,858.34 10.858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10.858.34 10,858.34 10.858.34 10,858.34 10,858.34 10.858.34 10,858 34 10,858.34 10,858.34 9.317.49 10,858.34 10.858.34 10.858.34 10,858.34 10,858.34 10,858.34 10,858.34 10.858.34 10,858.34 10.858.34 10,858.34 10.858.34 10.858.34 10,858.34 10,858.34 10.858 34 10,858 34 10,858.34 10.858.34 10.858.34 10,858 34 20,1]5.84 20,1]5.85 1085835 10.858.35 Page 8 -5 TOTAL BOND ISSUE 0st and 2nd Bond Issues) As As Pmliminanly Confirmed roved and Recorded 11,96].01 10,426.16 10,426.16 10,426.16 10,426.16 10,426.16 10A26 16 10,426.16 10,426.16 10,426.16 10,426.16 10,426.16 10.426.16 10,426.16 10,426.16 10,426.16 11 96].01 11,96] 01 11,96] 01 11,96].01 11,967.01 11,96].01 11,96].01 11,96].01 11,96].01 11.96].01 11,96] 01 11,96].01 11,96].01 11.96].01 11,96].01 11,96].01 11,96].01 11,96].01 11,967.01 11,96].01 11,96].01 11,96].01 11,96].01 11 96].01 11.96].01 10,426.16 11,96].01 11,96].01 11,96].01 11,96].01 11,96].01 11,96].01 11,96].01 11,96].01 11,96].01 11,96].01 11 96].01 11,96].01 11,96].01 11,96].01 11,967.01 11,967.01 11,96].01 11.96].01 11,96].01 11 96].01 11,96].01 22.393.1] 22.393 18 11,96].02 11.967.02 Value - to -Lien 41.05 65.60 44.3] 60.42 51.8] 66.40 5402 61.41 30.69 9.53 ]8.82 15.45 31.95 49.48 40.45 64.]4 54.48 39.58 9.72 9.61 3720 9.33 23.30 43.36 2].39 30.91 9.42 5.48 16.2] 35.18 41.10 18.22 44.24 23.43 2].05 5.48 44.96 9.33 7.08 6.14 21.93 11.89 40.]2 43.96 29.58 40.07 38.02 40.]2 38.61 38.25 33.]3 38.90 929 936 6.20 34.11 3].06 20,67 41.9] 33.89 9.97 35.]0 20.26 9.21 18.88 47.97 13.82 0 E • E • • CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) Section II - Assessment Roll Assessment Assesws Total Assessed Enisting ID No. Parcel No Value Liens 045-071 -24 336 216,553.00 0.00 045-071 -25 337 65.482.00 0.00 045 -071 -26 338 210,438.00 0.00 045-071 -27 339 59 524.00 0.00 045-071 -28 340 289,597.00 0.00 045-071 -31 341 108,580.00 0.00 045 -071 -32 342 112.205.00 0.00 045-071 -35 343 427,934.00 0.00 045-071 -36 344 259.766.00 0.00 045-071 -37 345 346,39000 LIM 045-071 -38 346 423,300.00 0.00 045 -071 -39 347 488,988.00 0.00 045-071 ,10 348 54 904.00 0.00 045 -071 ,11 349 342.538.00 0.00 045-07142 350 434.520.00 000 045 -07143 351 435,095.00 0.00 045 -07144 352 374,844.00 0.00 045 -071 ,16 353 329.957.00 O.DO 045 -071 ,17 354 612,000.00 0.00 045-071 -50 355 65,932.00 0.00 045-071 -52 356 77,17600 0.00 045-071 -53 357 84,558.00 0.00 045-071 -54 358 445,175.00 O.DO 045-071 -55 359 459.502.00 000 045-071 -56 360 116.520.00 0.00 045 -071 -57 361 228,779.00 0.00 045-071 -5B 362 637,500.00 0.00 045 -072 -07 363 140,614.00 0.00 045-072 -09 364 331.688.00 0.00 045-072 -12 365 340.331.00 0.00 045-072 -15 366 270,149.00 0.00 045-072 -16 367 336,258.00 0.00 045-072 -17 368 258.079.00 0.00 045 -072 -18 369 214,289.00 0.00 045-072 -19 370 221,380.00 0.00 045-072.20 371 425,850.00 0.00 045-072 -21 372 254 403.00 0.00 045-072 -22 373 400,554.00 0.00 045 -072 -23 374 535.000.00 0.00 045 -072 -24 375 520.200.D0 0.00 045 -072 -25 376 442.170.00 000 045-072.26 377 86496.00 0.00 045-072.28 37B 606.900.00 0.00 045 -072 -29 379 328,591.00 0.00 D45 -072-30 380 380,045.00 0.00 045 -072 -31 381 659,500.00 0.00 045 -072 -32 362 295,487.00 0.00 045-072.33 383 567,282.00 000 D45 -072 -34 364 303.961.00 0.00 D46-072 -35 385 159.064.00 000 045 -072.36 386 311,445.00 000 045 -072 -37 3B7 601,800.00 0.00 D45 -072 -39 388 286.645.00 000 046-072 ,10 389 561.816.00 0.00 045 -072.41 390 471.179.00 000 045 -072,12 391 317.182.00 0.00 D46-07243 392 158,386.00 0.00 045 -07244 393 670,000.00 0.00 046-072.45 394 387,523.00 0.00 045 -07246 395 640,000.00 0.00 D45 -072 -47 396 425.878.00 000 D45 -072 -50 397 276.285.00 000 D45 -072 -51 398 314229.00 0.00 045 -072.52 399 335.55300 0.00 045 - 072 -53 400 104.444.00 0.00 045072 -54 401 303.95600 000 045. 072.55 402 107.64200 0.00 INITIAL BOND ISSUE AS As Preliminarily Confirmed AAwrwed and Rewrdetl 10,858.35 10,858.35 10,858.35 10,658.35 10.B58.35 9,317.50 9,317.50 10,858.35 10,858.35 10.858.35 10,858.35 10.858.35 10858.35 10.858.35 10,858.35 14858.35 20,175.85 20.175.85 20,175.85 20.175.85 20,175.85 20,175.B5 20,175.85 20.175.85 9.317.50 14658.35 10,858.35 10,858.35 10,858.35 10.858.35 10.858.35 10.858.35 10,858.35 10,858.35 10.858.35 10.B58.35 10.858.35 14B58.35 10,858.35 10,858.35 t0.85B.35 10.858.35 10,058.35 10,B58.35 10,858.35 10,858.35 10.858.35 10.858.35 10.858.35 10,958.35 10,858.35 10.858.35 10,858.35 10,858.35 1D.858.35 10,858 35 10.858 35 10.858.35 10 858.35 10 858.35 10.858.35 10,858.35 10,858 35 10,858.34 10,858 34 10.958 34 10.858.34 Page 8-6 TOTAL BOND ISSUE (1sl and 2nd Bond Issues) As As Preliminarily Confirmed A_p ov and Recorded 11,967.02 11.967.02 11,967.02 11.967.02 11,957.02 10,426.17 10.425.17 11.967.02 11.967.02 11.967.02 11,957.02 11.967.02 11967.02 11,957.02 11,967.02 11 967.02 22.393.18 22.393.18 22.393.18 22,393.18 22,393.18 22,393.18 22.393.18 22,39318 10.425.17 11,967.02 11.957.02 11,967.02 11,967.02 11,957.02 11.967.02 11 967.02 11.967.02 11 967.02 11,967.02 11.967.02 11.967.02 11,957.02 11.967.02 11,967.02 11,967.02 11,967.02 11.967.02 11.967.02 11 967.02 11,967.02 11,957.02 11.957.02 11 967.02 11.967.02 11,967.02 11,967 02 11 967.02 11.967.02 11 967.02 11 967.02 11.967.02 11.96702 11,967.02 11.967.02 11.967.02 11.967 02 11,96702 11,967.01 11.967.01 11,96701 11,967 01 Value - I.-Lien 19.94 6.03 19.38 5.40 26.67 11.65 12.04 39.41 23.92 31.90 38.98 45.03 5.05 31.55 40.02 40.07 18.58 16.35 30.33 4.26 3.83 4,19 22.05 22.77 12.51 21.07 58.71 12.95 30.55 31.34 24.88 30.97 23.77 19.73 20.39 39.22 23.43 35.89 49.27 47.91 40.72 7.97 55.89 30.26 35.00 60.74 27.21 52.24 27.99 14.65 28.68 55.42 26.40 51.74 43.39 2921 14.59 61.70 35.69 58.94 39.22 25.44 2894 3090 962 27.99 9.91 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) Section II - Assessment Roll Assessment Assessofs Total Assessed Existing I. D. No. Parcel No. Value Lens 045-072 -56 403 378,320.00 0.00 045-072 -57 404 218,37500 0.00 045-072 -58 405 246,608.00 000 045-072 -59 406 242,573.00 0.00 045 -072-60 407 398.114.00 0.00 045 -072E1 408 431,460,00 0.00 045 -072-62 409 71,700.00 0.00 045-073 -07 410 59,468.00 0.00 045 -073-08 411 207,418.00 0.00 045 -073-09 412 101.257.00 0.00 045 -073-10 413 63,600.00 0.00 045-073 -11 414 498,000.00 0.00 045-073 -12 415 281,651.00 0.00 045-073 -13 416 480,420.00 000 045-073 -14 417 55,338.00 0.00 045-073 -15 418 217.380.00 0.00 045-073 -16 419 396,891.00 0.00 045-0]3 -1] 420 400.554,00 0.00 045-073 -18 421 114,025.00 0.00 045 -073 -19 422 601,800.00 0.00 045 -073-20 423 356,118.00 0.00 045-073 -21 424 351.789.00 0.00 045 -073-22 425 320.580.00 0.00 045-073 -23 426 106,274.00 0,00 045-073 -24 427 223,193.00 0.00 045-073 -25 428 555,000.00 0.00 045-07326 429 100,526.00 O.DO 045-073 -7/ 430 126,550.00 0.00 045 -073-29 431 347,244.00 0.00 045-074-05 432 73.421.00 0.00 045-074 -06 433 78,806.00 0.00 045-074 -07 434 410,742.00 0.00 045-074 -08 435 451,013.00 0.00 045-074 -09 436 539,967.00 0.00 045-074 -10 437 337,406.00 0.00 045-074 -11 438 583,664.00 000 045 -074 -12 439 309.705.00 0.00 045-074 -13 440 453074.00 0.00 045-074 -14 441 445,052.00 0.00 045-074 -15 442 374,956.00 0.00 045-074 -16 443 91,871.00 0.00 045 -074 -17 444 322,997.00 0.00 045-074 -18 445 286,147.00 000 045 -074 -20 446 323,178.00 O00 045 -075-07 447 240,773.00 0.00 045 -075-08 448 439,879.00 0.00 045 -075 -09 449 10],]06.00 0.00 045 -075-10 450 535,806.00 0.00 045-075-11 451 178,267.00 0.00 045-075-12 452 279,336.00 0.00 045 -075-13 453 374,694.00 0.00 045 -075-14 454 218,374.00 0.00 045 -075-15 455 550,000.00 0,00 045-075-18 456 279,872.00 0.00 045 -07519 457 356,118.00 0.00 045-075 -20 458 59,83700 000 045 -075-21 459 258,739.00 0,00 045-075-22 460 302,698.00 000 045 -075-23 461 365,472.00 000 045 -075-24 462 479,400.00 0.00 045 -075 -25 463 3]7,]93.00 0.00 045 -075 -26 464 453,074.00 0.00 045 -0]5-2] 465 479,614.00 0.00 045 -075 -28 466 332,961.00 0.00 045 - 075 -29 467 121,216.00 000 045 - 075 -30 468 96,820.00 0.00 045 - 075 -31 469 616,29900 0.00 INITIAL BOND ISSUE As As Preliminarily confirmed AAnprov and Records 10,858.34 10,858.34 10,858.34 10,858.M 10,858,M 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.M 10,858.M 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858,34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10,858.34 10 858.34 10,858.34 10,858.34 9.317.50 9,31].50 9,317.50 9,31].50 9,31].50 9,31].50 9,31]49 9,31]49 9,31].49 9,317,49 9.317,49 9,31].49 9.317.49 9.31T49 9,31]49 10 858,33 10,858.33 10,858.33 10,858.33 10.858.33 10.858,33 10,858.33 10,858.33 10,856.33 10.858.33 10,858,33 10,856.33 10 856.33 10.858.33 10,858.33 10.858.33 10,858.33 10,858.33 9,31749 9,317.49 9.317.49 9,317.49 9,31749 Page 8 -7 TOTAL BOND ISSUE (1st and 2nd Bond Issues) As As Preliminarily Confirmed veil and Recorded 11,96].01 11,96].01 11,96].01 11,96].01 11,96].01 11,96].01 11,96].01 11,96].01 11,96].01 11,96].01 11,96].01 11,96],01 11,96].01 11,96].01 11,96].01 11,96].01 11,96].01 11,96],01 11,96].01 11,96].01 11,96].01 11 ,967.01 11.96].01 11,96].01 11,96].01 11,96].01 11,96].01 11,96].01 11,96].01 10,426.1] 10,426.1] 10,426.1] 10,426.1] 10,426.17 10,426.1] 10,426.16 10,426.16 10,426.16 10,426.16 10,426.16 10,426.16 10.426.16 10,426.16 10 426.16 11,96].00 11,96].00 11,96].00 11.967.00 11,96].00 11,96].00 11,96].00 11,96].00 11,96].00 11,96].00 11,96].00 11,96].00 11,96] W 11.96],00 11,%7.00 11.967.00 11.967.00 11,96].00 10,426.16 10,426.16 10,425.16 10,426.16 10,426 16 Value 34.84 20.11 22.]1 22.34 36.66 39.]4 6.60 5.48 19.10 9.33 5.86 45.86 25.94 4424 5.10 20.02 36.55 36B9 10.50 55,42 32.80 32.40 29.52 9.79 20.55 51.11 9.26 11.65 31.98 7.88 8.46 44.08 48.40 5].95 3621 62.64 33.24 48.63 47.77 40,24 9.86 34.6] 30.]1 3469 22.1] 40.51 9.92 49.35 1642 25.]3 34.51 2011 . 5D.65 25.77 32.80 5.51 23.63 2].88 33.66 44.15 34.]9 41.]3 51 47 35.]4 13,01 10.39 66 14 CJ • • • • • CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) Section 11 - Assessment Roll Assessment Assessots Total Assessed Existing I.D. No. Parcel No. Value Liens 045 -07532 470 815,500.00 0.00 045 -07535 471 666,458.00 0.00 045 -07536 472 484,450.00 0.00 045-07537 473 357,225.00 0.00 045 -07538 474 94.219.00 0.00 045-081 -07 475 337,552.00 0.00 045-081.08 476 116,902.00 0.00 045-081-09 477 495,583.00 0.00 045-081 -14 478 274,990.00 0.00 045 -081 -15 479 485,866.00 0.00 045 -081 -16 480 281,867.00 0.00 045-081 -17 481 318,47100 0.00 045 -081 -18 482 530,400.00 0.00 045-081 -19 483 357,196.00 0.00 045 -081 -20 484 283,294.00 0.00 045-082 -D4 485 102,198.00 0.00 045-082 -05 486 315,430.00 0.00 045 -082-06 487 97,572.00 0.00 045-082 -07 48B 97.386.00 0.00 045 -082-08 489 359,186.00 0.00 045-082 -10 490 422,913.00 0.00 045-082 -11 491 712.980.00 0.00 045 -082 -13 492 296,566.00 0.00 045 -082.16 493 359,420.00 0.00 045 -082 -17 494 432,420.00 0.00 045-083 -01 495 350484.00 0.00 045-083-09 496 434,057.00 0.00 045-08310 497 420.563.00 0.00 045-08311 498 322.586.00 0.00 045-08312 499 347,384.00 0.00 045-08313 500 432,972.00 Roo 939 - 720-01 501 278,866.00 0.00 939 -720-02 502 266,708.00 0.00 939 -720 -03 503 292,164.00 0.00 939 - 720-04 504 227,667 DO 0.00 939 - 720-05 505 268,609 00 0.00 939 - 720-06 506 279,266.00 0.00 045-08315 507 89,499.00 0.00 045 -084 -01 508 1,248,480.00 0.00 045 -084-03 509 225,476.00 0.00 045 -084 -04 510 189.331.00 0.00 045-084-06 511 979,20000 0.00 045-084.09 512 630,938.00 000 045-084 -10 513 74.521.00 0.00 045 - 11115 514 86,636.00 0.00 045 - 11117 515 181,356.00 0.00 04511118 516 226.644.00 0.00 04571149 517 223.027.00 0.00 045 - 111 -20 518 4,658,850.00 0.00 045-112 -01 519 124.16800 0.00 045 -112 -08 520 68,417.00 0.00 04511209 521 64,599.00 0.00 045-112 -10 522 317,650.00 0.00 045- 112 -11 $23 157.875.00 0.00 045 -113 -01 524 60,292.00 0.00 045 -113-02 525 57,161.00 0.00 045113 -03 526 61,29500 000 045 -114 -08 527 129.500.00 0.00 045- 114 -09 528 129,500.00 0.00 045 - 114.13 529 388.840.00 0.00 045114 -15 530 867,15200 000 045- 114 -16 531 316.584.00 0.00 045 -11501 532 153.000.00 0.00 045 -11508 533 426,800.00 0.00 045- 115.10 534 61.20000 0.00 114£61 -01 535 573.855.00 0.00 114 - 661 -02 536 590.565 00 000 INITIAL BOND ISSUE As As Preliminarily Confirmed roved and Recorded 9,317.49 18,635.00 9.317.49 9,317.49 9,317.49 10,858.34 10,858.34 10,858.34 1,540.84 1.540.84 1,540.84 1,540.84 1.540.84 1.540.84 1,540.84 10,858.33 10,858.33 10,858.33 10,858.33 10.858.33 1,540.84 1,540.84 1.540.84 1.540.84 1,540.84 1.540.84 6.199.58 6.199.58 1,540.84 1,540.84 1,540.84 5,429.15 5,429.15 5,429,15 5.429.15 5,429.15 5,429.15 9.299.37 130,300.06 9.317.49 10,858.34 3.081.69 39.850.11 9,317.49 9,317.49 9,317.49 9,317.49 32.331.70 38.853.95 32,575.02 0.00 3.852.12 59.720.87 23,293 .74 0.00 0.00 0.00 4.658.74 0.00 18.634.99 111.809.92 65,222 45 0.00 18.634.99 0.00 9,31748 9.117.48 Page 8 -8 TOTAL BOND ISSUE (1st and 2nd Bond Issues] As As Preliminarily Confirmed Appro and Recorded 10,426.16 20,852.33 10,426.16 10,426.16 10,426.16 11 967.01 11,967.01 11,967.01 1.540.84 54084 1.540.84 1,540.84 540.84 540.84 1.540.84 11,967.00 11 967.00 11.967.00 11,967.00 11 967.00 540.84 1.540.84 1.540.84 540.84 54084 1,540.84 6,75191 6.753.91 1.540.84 1,54084 540.84 5.983.48 598348 5.983.48 5.983.48 598348 5,98348 10,130.87 143,604.05 10,426.16 11.967.01 3.081 69 43.918.91 10.426.16 10,42616 10,426.16 10,426.16 36,178.77 43.477.09 35,901.02 0.00 3.652.12 65.818 53 26,065.4' 000 000 0 00 5.213.07 0.00 20.852.32 125.113.91 72.983.11 0.00 20,852.32 coo 10.426.15 10,426 15 Valae- to -Lien 87.52 35.76 51.99 38.34 1011 31.09 10.77 45.64 178.47 315.33 182.93 206.69 344.23 231.82 183.86 9.41 29.05 8.99 8.97 33.08 274.47 462.72 192.47 233.26 280.64 227.46 70.01 67.84 209.36 225.45 281.00 51.36 49.13 53.81 41.93 4948 51.44 962 9.58 24.20 17A4 317.75 15.83 8.00 9.30 19.46 24.32 6.90 119.91 3.81 ,us 16.77 5.32 6.78 nla n/a nla 2780 Na 20.87 776 4 B5 Na 2290 61.59 63.36 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) Section II - Assessment Roll Assessment Assessofs Total Assessed Etlsting LDNo. Parcel No, Value Li ns 114661 -03 537 129.03100 0.00 114661 -04 538 673.200.00 0.00 114 -661 -05 539 714.000.00 0.00 114861 -06 540 495,632.00 0.00 114861 -07 541 140,575.00 0.00 114862 -01 542 12.246.00 0.00 424431 -03 543 28.938.00 0.00 424431-04 544 248.831.00 0.00 424432 -01 545 100,701.00 000 424432 -02 546 95,818.00 0.00 424432 -03 547 139,798.00 0.00 424432 -05 548 149386.00 0.00 424432 -06 549 137.072.00 0.00 424-432 -07 550 880.258.00 0.00 424432 -08 551 108.141.00 0.00 424432-09 552 92.459.00 0.00 424432 -10 553 144 742.00 0.00 424433-01 554 455.257.00 0.00 424433 -02 555 427,560.00 0.00 424433 -03 556 430.000.00 0.00 424433-04 557 144.487.00 0.00 424433-05 558 261.241.00 0.00 424433 -08 559 143.047.00 0.00 424433 -09 560 157,503.00 0.00 424433 -11 561 157.310.00 0.00 424433 -12 562 430.000.00 0.00 424433 -13 563 427,560.00 0.00 424434 -01 564 124,343.00 0.00 424434 -02 565 25.625.00 0.00 424434 -03 566 323.564.00 0.00 424434 -07 567 395,724.00 000 424034 -08 568 343,743.00 0.00 424434 -09 569 295.912.00 0.00 424434 -10 570 1.146.588.00 0.00 045-010 -19 571 0-09 000 571 PARCELS $185,907.096.00 $0.00 INITIAL BOND ISSUE As As Preliminanly Confirmed AMrwed and Remrdetl 9,317A8 9,317.48 9,317.48 9.317.48 9,317.48 9,317A9 0.00 59,720.87 20,175.83 20,175.83 10,858.33 0.00 3.852.10 3,852.10 20.175.83 20,175.83 4.658.74 20,17583 20.175.83 20.175.83 20,175.83 20,175.83 540.84 540.84 1,540.84 9,299.37 540.84 540.84 1.540.84 1,540.84 540.84 540.84 1,540.84 46 587.47 0.00 $6,205.000.00 Pace 8 -9 TOTAL BOND ISSUE (1st antl 2nd BaM issues) As As Preliminarily Confl..d AoPm,ed and Rarorded 10.426.15 10,426.15 10.426.15 10.426.15 10.426.15 10,426.16 0.00 65,818.53 22.393.16 22.393.16 11,967.00 0.00 3.852.10 3,852.10 22.393.16 22.393.16 5,21307 22,393.16 22,393.16 22393.16 22.393.16 22.393.16 1,540.84 1,540.84 1.540.84 10,130.87 1,540.84 1,540.84 1,540.84 1,540.84 1.540.84 1.540.84 1,540.84 52.130.80 0.00 $6.865.000.00 Value - to-Lien 13.85 7225 76.63 53.19 15.09 1.31 Na 4.17 4.99 4.75 12.87 Na 35.58 228.51 5.36 4.58 31.0] 22.56 21.19 21.31 7.16 12.95 92.84 102.22 102.09 46.24 277.49 80.70 16.63 209.99 256.82 223.09 192.05 24.61 n0 29.96 • • • • ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) Table 2 Debt Limit Report Under the Resolution of Intention, the following satisfies the requirements of Part 7.5 of Division 4 of the California Streets and Highways Code: 1. Estimated Balance to Assessment $ 6,865,000.00 2. Unpaid Special Assessments $ Total A +B $ 6,865,000.00 3. True Value of Parcels $ 185 907,096.00 Average Value to Lien Ratio 29.96:1 * Unpaid Special Assessments shall consist of the total principal sum of all unpaid special assessments previously levied or proposed to be levied other than in the instant proceedings. ** True Value of Parcels means the total value of the land and improvements as estimated and shown on the last equalized roll of the County or as otherwise reasonably calculated. Note: As it is not within the purview of this report, nor the responsibility of the Assessment Engineer, this report makes no recommendations on parcel value, economic viability or financial feasibility. CERTIFICATION I, THE UNDERSIGNED Assessment Engineer, do hereby certify that 1. The total amount of the principal sum of the special assessments proposed to be levied, together with the principal amount of previously levied special assessments, as set forth above, do not exceed one -half (1/2) the total true value of the parcels proposed to be assessed; and 2. The proposed assessment amount upon any parcel does not exceed one -half ('12) of the true value of the parcel. EXECUTED on this day of MuniFinancial Page 9 2004. MuniFinancial David L. Hunt, P.E. (CE 30514; Assessment Engineer City of Newport Beach t .; y 1P City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) State of California • EXHIBIT 1 METHOD AND FORMULA OF ASSESSMENT BACKGROUND Statutes require that assessments levied pursuant to the AYlsnicipallmprovem entAct of 1913 be based on the estimated special benefit that the properties receive from the Works of Improvement. However, the law does not specify the method or formula that should be used to apportion the assessments in Assessment District proceedings. Further, Articles XIIIC and XIIID of the California Constitution require that only special benefits are assessable, that no assessment may exceed the proportional special benefit conferred on the parcel assessed and that publicly owned parcels shall not be exempt from assessment unless clear and convincing evidence demonstrates that such public owned parcels receive no special benefits from the improvements or services for which the assessment is levied. Special benefit is a particular and distinct benefit over and above general benefits conferred to the public at large on real property located in the Assessment District. General enhancement of property value does not constitute special benefit. Therefore, it is necessary to identify the benefit that the Works of Improvement will render to the properties within the Assessment District. It is also necessary that the properties receive a special and direct benefit as distinguished from general benefit to the general public. The responsibility rests with the Assessment Engineer, who is appointed for the purpose of analyzing the • facts and determining the method or formula for apportionment and the assessment obligation to the benefited properties. For these proceedings, the City has retained the firm of MuniFinancial /Willdan as the Assessment Engineer. The Assessment Engineer makes the recommendation for themethod and spread of the apportionment at the public hearing. The final authority and action rest with the City Council after hearing all evidence and testimony presented at the public hearing and the tabulation of assessment ballots. Upon conclusion of the public hearing, the City Council must make the final determination as to whether or not the assessment spread has been made in direct proportion to the special benefit received by each parcel within the Assessment District. Ballot tabulation will then be completed, and if a majority of ballots, weighted by assessment amount, are in support of the assessment, then the City Council may establish the Assessment Distract. SPECIAL BENEFIT Recognizing the special benefit properties receive from the removal of overhead utility lines and poles, the Certificate of Sufficiency verified that property owners submitted a petition, signed by sixty -two (62 %) percent of the assessable area of property within the Assessment District boundaries Planned improvements to the entire Assessment District Nvill provide a special benefit as the conversion to the new distribution system will not only be safer, but will enhance service reliability and capacity while improving property aesthetics. • MuniFinancial Page 10 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) • Further, the construction of these improvements will conform to existing City of Newport Beach, Southern California Edison, SBC Communications and Adelphia Cable standards, applicable to the value of Assessment District parcels, therefore providing a special and direct benefit to said properties. Therefore, 100% of the improvements are considered direct and special benefits only to the specific properties within the Assessment District and general benefit, if any, is de m inim us. METHOD OF ASSESSMENT All parcels are assessed based on the direct and special benefit that they receive. All of the improvements have been shown to provide direct and special benefit to the properties and we have determined that there is no general benefit portion of the assessment to be considered. The properties within the Assessment District are a mixture of residential and commercially zoned properties with the exception of the Newport Shores Park property. The vast majority of the parcels are zoned single -family residential parcels (R -1). Since the single - family residential parcels receive the same benefit from the undergrounding of the overhead utilities and they make up the majority of the property types within the district, they will each be assigned one equivalent benefit unit or one EBU. Special benefits ascribed to commercial and other land use types will be equated to the single -family unit or EBU. This same approach applies to the parcels located on alleyways that are being reconstructed as part of the District improvements. Only the parcels that are located along the alleyways benefit from these • improvements and receive a special benefit. Since the front footage of most of the single - family and multi- residential parcels is approximately the same, all of the residential parcels located along the alleyways will be assigned one EBU. Benefit to commercial and other land use types will be equated to the residential units or EBU. • R -2 Zoned Properties R -2 Zoned properties have the potential to have two dwelling units located on the parcel. Since each dwelling unit is likely to use a similar amount of electrical and other utility services as a typical single - family residential parcel, R -2 zoned lots Nvill be assigned 2 EBUs per parcel. Apartment Properties Apartment site properties are assessed 1 EBU for each apartment located in the building. This is the case since each apartment unit is likely to use a similar amount of electrical and other utility services as a typical single - family residential parcel. Below is a listing of the apartment parcels and their preliminary assessment amount. APN Assessment ID No. No. of Apartment Units EBUs Preliminary Assessment 045- 084 -01 508 12 12 $143,604.05 045 - 114 -15 530 12 12 $125,113.91 MuniFinancial Page 11 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) Commercial Property • The commercial property was assigned EBUs based on the parcel's average width along the streets being undergrounded as compared to the average front footage for a single -family residential parcel. The average front footage for a single -family residential parcel has been calculated at 30feet. Park The City owed park does not have connections to electricity, telephone or cable and therefore does not receive a special benefit. Consequently, these parcels will have a $0 assessment. Non Assessed and Partially Assessed Parcels Parcels that are already served by existing underground utilities (electricity and telephone) located on West Pacific Highway will not benefit from the utility improvements for this District. Therefore, they are not assessed for the utility construction costs. Parcels served with existing underground utilities but not underground telephone service are assessed at one -half the rate of other parcels with the same land use. Detail of EBUs and Assessments After determining the number of EBUs per parcel based on the above for both utility undergrounding and for alleyway improvements, each parcels total number of EBUs were added together and divided by the total dollar amount of the specific improvements (utility undergrounding or alleyway improvements) • This resulted in a dollar amount per EBU that is then multiplied by each parcel's number of EBUs to determine the assessment amount. The incidental and financing costs are allocated to each parcel in the District on a prorated basis based on each parcel's share of the total construction costs. This percentage is then multiplied by the total cost of incidental and financing cost's to determine the individual parcel's share. The table located at the end of this section displays individually by assessor parcel number, the number of EBUs assigned for each improvement and the corresponding assessment amount. Conclusion It is my opinion that the assessments for Assessment District No. 68 (Newport Shores) are allocated in accordance with the direct and special benefit that the land receives from the Works of Improvement. MuniFinancial /W illdan David L. Hunt, P.E. (CE 30514) Assessment Engineer City of Newport Beach _ Y State of California MuniFinancial page 12 City of Newport Beach 11 E • Assessor's Parcel No. 045 -010 -15 045 -010 -16 045 -010 -17 045 -010 -18 045- 010 -20 045 -010 -21 045 -010 -22 045 -010 -23 045 -010 -26 045 -051 -09 045- 051 -10 045 - 051 -11 045 -051 -12 045- 051 -13 045 -052 -03 045 -052 -04 045 -052 -05 045 -052 -06 045- 052 -08 045 -052 -09 045- 052 -10 D45 -052 -11 045 -052 -12 045 -052 -13 045 -052 -14 045 -053 -02 045 -053 -03 045 -053 -05 045 - 053 -06 D45 -053 -10 045 -053 -12 045 -053 -13 045 -053 -17 045 -053 -18 045 -053 -19 045 -053 -20 045- 053 -21 045 -053 -23 045 -053 -24 045 - 053 -25 045- 053 -26 045 -053 -27 045- 053 -28 045 -053 -29 045- 053 -30 045 -053 -31 045- 053 -32 045- 053 -33 045 -053 -34 D45- 053 -35 045- 053 -36 045 -053 -37 045- 053 -38 045 - 053 -39 045- 053-40 045 -053 -41 045 - 053 -42 045 -053-05 045- 054 -26 045- 054 -27 045 -054 -28 045 - 054 -29 045- 054 -30 045- 054 -31 045- 054 -32 045- 054 -33 045- 054 -34 Assessment I.D_No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) EBUs and Assessment Calculation Utility Costs Total Utility EBUs Costs 0.0 $0,00 0.0 0.00 0.0 0.00 0.0 0.00 0.0 0.00 0.0 0.00 0.0 0.00 0.0 0.00 0.0 0.00 2.0 16,262.65 2.0 16,262.65 2.0 16.262.65 2.0 16,262,65 2.0 16,262.65 1.0 8,13132 1.0 8,131,32 1.0 8.131,32 1.0 8,131,32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131,32 1.0 8,13132 1.0 8,131,32 1.0 8,131,32 1.0 8,131.32 1.0 8,131.32 1.0 8,131,32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131,32 1.0 8.131,32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8.131,32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 10 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131,32 1.0 8,131.32 1.0 8,131.32 1.0 8131.32 Alley Costs Total Alley Incidental Total lst ITCC Preliminary EBUs Costs Costs Bond Issue Costs Total Assessment 0.0 $0.00 $0.00 $0.00 $0.00 $0.00 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 0.00 0,00 0.00 0.00 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 0.00 0,00 0.00 0.00 0.0 0.00 2,372.33 18,634.98 2,217.32 20,852.30 0.0 0.00 2,372.33 18,634.98 2,217.32 20,852.30 0.0 0.00 2,372.33 18,634.98 2,217.32 20,852.30 0.0 0.00 2,372.33 18,634.98 2,217.32 20,852.30 0.0 0.00 2,372.34 18.634.99 2,217.32 20,852.31 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10426.15 0.0 0.00 1,186.17 9,317.49 1,108.56 10426.15 0.0 0,00 1,186.17 9,317.49 1.108.66 10,426.15 0,0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1.108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 1.0 1,344.69 1,382.33 10,858.34 1,108.66 11,967.00 1.0 1,344.69 1.382.33 10,858.34 1,108.66 11,967.00 1.0 1,344.69 1,382.33 10,858.34 1,106.66 11,967.00 1.0 1,344.69 1,382.33 10 858.34 1,108.66 11,967.00 1,0 1.344.69 1.382.33 10,858.34 1,108.66 11,967.00 1.0 1,344.69 1,382.33 10,858.34 1,108.66 11,967.00 1.0 1,344.69 1, 382.33 10, 858.34 1,108.66 11, 967.00 1.0 1,344.69 1,382.33 10,858.34 1,108.66 11,967.00 1.0 1,344.69 1,382.33 10,85834 1,108.66 11,967.00 1.0 1,344.69 1,362.33 10.858.34 1,108.66 11,967.00 1.0 1,344.69 1,382.33 10,858.34 1,108.66 11,967.00 1.0 1,344.69 1,382.33 10,858.34 1,108.66 11,96T00 1.0 1,344.69 1.382.33 10,85834 1,108.66 11,967.00 1.0 1,344.69 1.382.33 10,858.34 1,108.66 11,967.00 1.0 1,344,69 1.382.33 10, 858.34 1,108.66 11, 967.00 1,0 1,344.69 1,382.33 10,858.34 1, 108.66 11,967.00 1,0 1,344.69 1,382.33 10,858.34 1,108.66 11,967.00 1.0 1.344.69 1,382.33 10, 858.34 1,108.66 11, 967.00 1.0 1.344.6 9 1.382.33 10, 858.34 1,108.66 11, 967.00 1.0 1,344.69 1,382.33 10,858.34 1,108.66 11,967.00 1,0 1,344.69 1.382.33 10,858.34 1,108.66 11,967.00 1.0 1,344.69 1,382.33 10, 858,34 1,108, 66 11, 967.00 O.D 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0,0 0.00 1,186.17 9,317.49 1,108.66 10426.15 0.0 aw 1.186.17 9,317.49 1,108.66 10.426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317,49 1.108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 1.0 1,344.69 1.362.33 10,85834 1,108.66 11,967.00 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10426.15 0.0 0.00 1.186.17 9,317.49 1,108.66 10426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10426.15 0.0 0.00 1.186.17 9317.49 1,108.66 10,426.15 O.D 0.00 1,186.17 9,317.49 1,10866 10,426.15 0.0 0.00 1,186.17 9,31749 1,108.66 10426.15 0.0 0.00 1.186.17 9.31749 1.108.66 10,426.15 Page 12 -1 Assessor's Parcel No. 045 -054 -35 045 -054 -36 045 -055-01 045 -055 -02 045 -055 -03 045 -055 -05 045 -055-06 045 -055 -08 045 - 055 -25 045 -055 -26 114-061 -11 045 -055 -28 045 -055 -29 045 -055 -30 045 -055-31 045 -055 -32 D45-055 -33 045 -055 -34 045 -055 -35 045 -055 -36 045 -055 -37 045 -055 -38 045- 055 -39 045 -055.40 045 -055-41 045 -055A2 045-055 -13 045 -055-44 045 -055A5 045 -055 -06 045 -055A7 045 -055 -08 045-055A9 045 -055-51 045- 055 -52 045 -055 -53 045-055 -54 045-055 -55 045 -055 -56 045 -055 -57 045 -055 -58 045- 055 -59 045- 055-60 045-055 -61 045 -055 -62 045- 056 -32 045 -056 -33 045 -056 -34 045 -061 -06 045- 061 -10 D45- 061 -11 045 -061 -12 045- 061 -13 045 -061 -14 045 -061 -15 045- 061 -16 045 -061 -17 045 -061 -18 045- 061 -19 045- 061 -20 045- 061 -22 045- 061 -24 045- 061 -25 045- 061 -26 045- 061 -27 045 - 061 -28 045 -061 -29 Assessment I.D_No. 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) EBUs and Assessment Calculation Utility Costs Total Utility EBUs Costs 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 0.0 0.00 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131,32 1.0 8,131.32 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.13132 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8,131.32 Alley Costs Total May Incidental Total 1 at ITCC Prellminary EBUs Costs Costs Bond Issue Costs Total Assessment 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 1,186.17 9,317.49 1,108.66 10A26.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426,15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426,15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 11108.66 10.426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317,49 1.108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426,15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426,15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1A86.17 9.317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1.186.17 9,317.49 1,108.66 10.426.15 0.0 0.00 1.186.17 9.317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9.317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9.317.49 1,108.66 10,426.15 0.0 0.00 1.186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1.108.66 10,426.15 0.0 0.00 1,186.17 9.317.49 1,108.66 10.426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9.317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1.186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9.317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 0.0 0.00 1,186.17 9,317.49 1,108.66 10,426.15 1.0 1,344.69 1,382.33 10,858.34 1,108.66 11,967.00 1.0 1,344.69 1,382.33 10,858.34 1.108.66 11,967.00 1.0 1,344.69 1,382.33 10, 858.34 1,108.66 11, 967.00 1.0 1,344.69 1,382.33 10,858.34 1,108.66 11,967.00 1.0 1,344.69 1,382.33 10,858.34 1,108.66 11.967.00 1.0 1.344.69 1.382.33 10, 858.34 1,108.66 11, 967.00 1.0 1, 344.69 1,382.33 10.858.34 1,108.66 11.967.00 1.0 1,344.69 1,382.33 10.858.34 1.108.66 11,967.00 1.0 1,344.69 1,382.33 10.858.34 1,108.66 11,967.00 1.0 1,344M 1.382.33 10, 858.34 1,108.66 11.967.00 1.0 1,344.69 1,382.33 10.858.34 1,108.66 11,967.00 1.0 1,344.69 1,382.33 10,858.34 1.108.66 11,967.00 1.0 1,344.69 1,382.33 10 ,858.34 1,108.66 11,967.00 1.0 1,344.69 1.382.33 10.858.34 1,108.66 11.967.00 1.0 1.344.69 1,382.33 10,858.34 1,108.66 11,967.00 1.0 1,344.69 1,382.33 10,858.34 1.108.66 11,967.00 1.0 1,344.69 1,382.33 10,858.34 1,108.66 11,967.00 1.0 1.344.69 1,382.33 10.858.34 1,108.66 11.967.00 1.0 1,344.69 1,3B2.33 10, 858.34 1.108.66 11.967.00 Page 12 -2 0 CJ • 0 • • Assessor's Parcel No. 045 -061 -30 045-061 -31 045-061 -32 045-061 -33 045-061 -36 045-061 -37 045- 061 -38 045- 062.07 045 -062 -08 045 -062 -09 045-062 -10 045- 062 -11 045 -062 -12 045- 062 -13 045 -062 -15 045- 062 -16 045-062 -17 045 -062 -18 045- 062 -19 045 -062 -20 045 -062 -21 045-062 -22 045-062 -23 045-062 -25 045-062 -26 045- 062 -27 045-063 -04 045 -063-05 045- 063-06 045-063 -07 045- 063 -08 045-063 -09 045 -063 -10 045 -063-11 045 -063 -12 045 -063 -13 045- 063 -15 045- 063 -16 045- 063 -18 045- 063 -19 045 -063 -20 045 -063 -21 045 -063 -22 045 -063 -23 045- 063 -24 045- 064 -05 045- 064 -10 045064 -11 045 -064 -12 045 -064-13 045 -064 -14 045 -064 -16 045 - 064 -18 045 -064 -19 045 -064 -20 045- 064 -21 045- 064 -22 045- 064 -23 045- 064 -24 045 -064 -25 045- 064 -26 045 -064 -27 045 -064 -28 045- 064 -29 045- 064 -30 045 -064 -31 045 - 064 -32 Assessment I.D_No. 35 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) EBUs and Assessment Calculation Utility Costs Total Utility EBUS Costs 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,13132 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,13132 1.0 8,13132 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 10 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 Alley Costs Total Alley Incidental Total 1st ITCC Preliminary EBUS Costs Costs Bond Issue Costs Total Assessment 1.0 1,344.69 1,382.33 10, 858.34 1,108.66 11.967.00 1.0 1,344.69 1,382.33 10.858.34 1,108.66 11, 967.00 1.0 1,344.69 1,382.33 10, 858.34 1,108.66 11, 967.00 1.0 1,344.69 1,382.33 10,858.34 1,108.66 11, 967.00 1.0 1,344.69 1,382.33 10,858.34 1,108.66 11.967.00 1.0 1,344.69 1,382.33 10,858.34 1.108.66 11,967.00 1.0 1,344.69 1.382.33 10,858.34 1,108.66 11.967.00 1.0 1.344.69 1.382.33 10,858.34 1.108.66 11,967.00 1.0 1,344.69 1.382.33 10, 858.34 1.108.66 11,967.00 1.0 1,344.69 1,382.33 10, 858.34 1,108.66 11, 967.00 1.0 1,344.69 1,382.33 10.858.34 1,108.66 11, 967.00 1.0 1,344.69 1,382.33 10,85834 1,108.66 11,967.00 1.0 1.344.69 1,382.33 10.858.34 1,108.66 11, 967.00 1.0 1,344.69 1,382.33 10, 858.34 1,108.66 11, 967.00 1.0 1,344.69 1,382.33 10,858.34 1,108.66 11,967.00 1.0 1,344.69 1,382.33 10,858.34 1,108.66 11.967.00 1.0 1.344.69 1,382.33 10,858.34 1,108.66 11,967,00 1.0 1,344.69 1,382.33 10,858.34 1,108.66 11,967,00 1.0 1,344.69 1,382.33 10, 858.34 1,108.66 11,967.00 1.0 1,344.69 1,382.33 10, 858.34 1,108.66 11,967.00 1.0 1,344.69 1,382.33 10,858.34 1,108.66 11,967.00 1.0 1,344.69 1.382.33 10, 858.34 1.108.66 11, 967.00 1.0 1,344.69 1,382.33 10, 858.34 1,108.66 11, 967.00 1.0 1,344.69 1,362.33 10, 658.34 1.108.66 11.967.00 1.0 1,344.69 1,382.33 10.858.34 1,108.66 11, 967.00 1.0 1.344.69 1,382.33 10, 858.34 1,108.66 11,967.00 1.0 1.344.69 1,382.33 10, 858.34 1,108.66 11,967.00 1.0 1,344.69 1,382.33 10, 858.34 1,108.66 11, 967.00 1.0 1,344.69 1.382.33 10,858.34 1,108.66 11,967.00 1.0 1,344.69 1.382.33 10, 858.34 1.108.66 11, 967.00 1.0 1,344.69 1,382.33 10,858.34 1.108.66 11, 967.00 1.0 1,344.69 1,382.33 10.858.34 1,108.66 11,967.00 1.0 1,344.69 1,382.33 10, 858.34 1,108.66 11, 967.00 1.0 1,344.69 1.382.33 10 858.34 1.108.66 11.967.00 1.0 1,344.69 1.382.33 10,858.34 1.108.66 11.967.00 1.0 1,344.69 1.382.33 10, 858.34 1,108.66 11.96T00 1.0 1,344.69 1,382.33 10, 858.34 1,108.66 11, 967.00 0.0 0.00 1,186.17 9,317.49 1.108.66 10,426.15 1.0 1,344.69 1,382.33 10, 858.34 1,108.66 11, 967.00 1.0 1,344.69 1,382.33 10,85834 1,108.66 11,967.00 1.0 1.344.69 1,382.33 10,85834 1,1 D8.66 11,967.00 1.0 1,344.69 1,382.33 10, 858.34 1,108.66 11, 967.00 1.0 1,344.69 1,382,33 10.858.34 1,108.66 11, 967.00 1.0 1,344.69 1,382.33 10,858.34 1,108.66 11,967.00 1.0 1,344.69 1,382.33 10,858.34 1,10866 11.967.00 1.0 1,344.69 1,382.33 10, 858.34 1,108.66 11,967.00 1.0 1,344.69 1,382.33 10,858.34 1,108.66 11,967.00 1.0 1.344.69 1,38233 10,858.34 1.108.66 11.967.00 1.0 1,344.69 1,38233 10,858.34 1,108.66 11,967.00 1.0 1,344,69 1,382M 10, 858.34 1.108.66 11, 967.00 1.0 1,344.69 1,382.33 10, 858.34 1,108.66 11,967.00 1.0 1.344.69 1,382.33 10,858.34 1.108.67 11,967.01 1.0 1,344.69 1,382.33 10, 858.34 1,108.67 11.967.01 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11.967.01 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 1.0 1,344.69 1,382,33 10, 858.34 1,108.67 11 967.01 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 1.0 1,34C69 1.382.33 10.858.34 1,108.67 11, 967.01 1.0 1,34C69 1.382.33 10.858.34 1,108.67 11, 967.01 1.0 1,344.69 1,38233 10, 858.34 1,108.67 11, 967.01 1.0 1,344.69 1,38233 10.858.34 1,108.67 11,967.01 1.0 1.344.69 1.38233 10, 858.34 1.108.67 11.967.01 1.0 1.344.69 1.382.33 10 858.34 1,108.67 11.967.01 1.0 1,344.69 1,382.33 10.858.34 1,108.67 11.967.01 1.0 1,344.69 1.382.33 10, 858.34 1,108.67 11,967.01 1.0 1.344.69 1,382.33 10.858.34 1,108.67 11.967.01 1.0 1,344.69 1,38233 10.858.34 1.108.67 11,967.01 Page 12 -3 CITY OF NEWPORT BEACH • Underground Assessment District No. 68 (Newport Shores) EBUs and Assessment Calculation Assessor's Assessment Utility Costs Total Utility Alley Costs Total Alley Incidental Total 1st ITCC Preliminary Parcel No. 1.01.0 No. EBUS Costs EBUS Costs Costs Bond Issue Costs Total Assessment 045 -064 -33 202 1.0 8.131.32 1.0 1.344.69 1,3B2.33 10,858.34 1,108.67 11,967.01 045 -064 -34 203 1.0 8.131.32 1.0 1,344.69 1,382.33 10.858.34 1,108.67 11967.01 045- 064 -35 204 1.0 8,131.32 1.0 1,344.69 1.382.33 10,858.34 1,108.67 11,967.01 045 -064 -36 205 1.0 8131.32 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 045- 065 -06 206 1.0 8,131.32 1.0 1.344.69 1,382.33 10,858.34 1,108.67 11,967.01 045- 065-07 207 1.0 8,131.32 1.0 1,344.69 1.382.33 10.858.34 1,108.67 11,967.01 045 -065 -08 208 1.0 8,131.32 1.0 1.344.69 1,382.33 10,858.34 1,108.67 11967.01 045 -065 -09 209 1.0 8.131.32 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 045-065 -10 210 1.0 8.131.32 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 045 - 065 -11 211 1.0 8.131.32 1.0 1,344.69 1382.33 10,858.34 1,108.67 11,967.01 045 -065 -12 212 1.0 8.13132 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 045 -065 -13 213 1.0 8.131.32 1.0 1,344.69 1.382.33 10,B58.34 1.108.67 11,967.01 045- 065 -14 214 1.0 8,131.32 1.0 1,344.69 1,382.33 10,B58.34 1.108.67 11,967.01 045-065 -15 215 1.0 8.131.32 1.0 1,344.69 1.382.33 10,85B.34 1.108.67 11.967.01 045 -065 -16 216 1.0 8.131.32 1.0 1,344.69 1.382.33 10,858.34 1.108.67 11,967.01 045- D65 -17 217 1.0 B.131.32 1.0 1.344.69 1,382.33 10,858.34 1.108.67 11967.01 045 - 065 -18 218 1.0 8,131.32 0.0 0.00 1,186.17 9,317.49 1.108.67 10,426.16 045 - 065 -20 219 1.0 8,131.32 1.0 1.344.69 1,382.33 10,858.34 1,108.67 11967.01 045 -065 -21 220 1.0 8.131.32 1.0 1,344.69 1.382.33 10,858.34 1,108.67 11967.01 045 -065-23 221 1.0 8.131.32 1.0 1,344.69 1,382.33 10,858.34 1.108.67 11,967.01 045 -065-24 222 1.0 8,131.32 1.0 1,344.69 1382.33 10.858.34 1,108.67 11.967.01 045 -065 -25 223 1.0 8.131.32 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 045- 065 -26 224 1.0 8.131.32 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 045 - 065 -27 225 1.0 8.131.32 1.0 1.344.69 1,382.33 10.858.34 1.108.67 11967.01 045- 065 -29 226 1.0 8.131.32 1.0 1,344.69 1,382.33 10,858.34 7.108.67 11.967.01 045 -065 -30 227 1.0 8,131.32 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 045-065 -31 228 1.0 8,131.32 1.0 1,344.69 1382.33 10858.34 1,108.67 11,967.01 045 -065 -32 229 1.0 8.131.32 1.0 1,344.69 1.382.33 10.858.34 1.108.67 11,967.01 045 -065 -33 230 1.0 8.131.32 1.0 1,344.69 1382.33 10.858.34 1.108.67 11.967.01 045 -065 -34 231 1.0 8.131.32 1.0 1,344.69 1,382.33 10.858.34 1.108.67 11967.01 • 045-065 -35 232 1.0 8.131.32 1.0 1,344.69 1382.33 10,858.34 1.108.67 11,967.01 045 -065 -36 233 1.0 8.131.32 1.0 1.344.69 1,382.33 10,858.34 1,108.67 11,967.01 045 -065-37 234 1.0 6,131.32 1.0 1,344.69 1382.33 10.858.34 1,108.67 11,967.01 045 -065 -38 235 1.0 8,131.32 1.0 1,344.69 1.382.33 10,858.34 1.108.67 11,967.01 045 -065 -39 236 1.0 8,131.32 1.0 1,344.69 1.382.33 10,B58.34 1.108.67 11,967.01 045 -065 <0 237 1.0 8,131.32 1.0 1,344.69 1,382.33 10.858.34 1,108.67 17967.01 045 -065 -41 238 1.0 8,131.32 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11967.01 045 -066 -07 239 1.0 8,131.32 1.0 1.344.69 1,382.33 10.858.34 1.108.67 11967.01 045- 066 -08 240 1.0 8,131.32 1.0 1,344.69 1.382.33 10.858.34 1.108.67 11,967.01 D45 -066 -09 241 1.D 8,131.32 1.0 1,344.69 1.382.33 10.858.34 1.108.67 11967.01 045 -066 -10 242 1.0 8,131.32 1.0 1.344.69 1,382.33 10,85834 1.108.67 11,967.01 045 -066 -11 243 1.0 8,131.32 1.0 1344.69 1.382.33 10,858.34 1,108.67 11,967.01 045-066 -12 244 1.0 8,131.32 1.0 1,344.69 1.382.33 10,858.34 1,108.67 11,967.01 045 -066 -13 245 10 8,131.32 1.0 1,344.69 1.382.33 10.858.34 1,108.67 11,967.01 D45 -066-14 246 10- 8,131.32 1.0 1,344.69 1.382.33 10.858.34 1.108.67 11967.01 045 - 066 -15 247 1.0 8,131.32 1.0 1,344.69 1.382.33 10.858.34 1.108.67 11,967.01 045 - 066 -16 248 1.0 8.131.32 1.0 1344.69 1,382.33 10,856.34 1.108.67 11,967.01 045 -066 -17 249 1.0 8,131.32 1.0 1.344.69 1,382.33 10.858.34 1,108.67 11967.01 045 -066 -18 250 1.0 8,131.32 1.0 1,344.69 1,382.33 10.858.34 1.108.67 11.967.01 045 -066 -19 251 1.0 8,131.32 1.0 1,344.69 1,382.33 10.858.34 1.108.67 11,967.01 045- 066 -20 252 1.0 8,131.32 1.0 1,344.69 1,382.33 10,858.34 1,108.61 11,967.01 045- 066 -22 253 1.0 8,131.32 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 045 -066 -23 254 1.0 8,131.32 1.0 1,344.69 1,382.33 10.858.34 1.108.67 11967.01 045 -066-24 255 1.0 8,131.32 0.0 0.00 1,186.17 9,317.49 1,108.67 10,426.16 045 -066 -25 256 1.0 8,131.32 1.0 1,344.69 1.382.33 10,858.34 1,108.67 11967.01 045- 066 -26 257 1.0 8,131.32 1.0 1.344 -69 1,382.33 10,85834 1,108.67 11,967.01 045 -066 -27 258 1.0 8,131.32 1.0 1,344.69 1,382.33 10,858.34 1.108.67 11967.01 045 -066 -28 259 1.0 8,131.32 1.0 1.344.69 1,382.33 10,858.34 1,108.67 11.967.01 045- 066 -29 260 1.0 8,131.32 1.0 1.344.69 1.382.33 10,858.34 1.108.67 11967.01 045- 066 -30 261 1.0 8,131.32 1.0 1,344.69 1,382.33 10,858.34 1.108.67 11,967.01 045- 066 -31 262 1.0 8,131.32 1.0 1,344.69 1,382.33 10,858.34 1.108.67 11967.01 045 -066 -32 263 1,0 8,131.32 1.0 1.344.69 1,382.33 10,858.34 1,108.67 11967.01 045- 066 -33 264 1.0 8,131.32 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 045 -066 -34 265 1.0 8.131.32 1.0 1,344.69 1.382.33 10.858.34 1,108.67 11967.01 045 -066 -35 266 1.0 8,131.32 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11967.01 D45- 066 -36 267 1.0 8,131.32 1.0 1.344.69 1,382.33 70.858.34 1,108.67 11,967.01 045- 066 -37 268 1.0 8,131.32 1.0 1.344.69 1,382.33 10.858.34 1.108.67 11967.01 • Page 12-4 0 • • Assessor's Parcel No 045- 066 -38 045 -066 -39 045 -066 -40 045- 066-41 045 -066-42 045 -066-43 045 -066-04 045- 066-45 045 -066 -46 045 -066.47 045- 066-48 045 -066-49 045- 066 -50 045 -066 -51 045- 066 -52 045- 066 -53 045- 067 -02 045 -067 -06 045- 067 -10 045 -067 -12 045 -067 -13 045- 067 -14 045- 067 -15 045 -067 -16 045 -067 -17 045 -067 -18 045 -067 -19 045 -067 -20 045-067 -21 045- 067 -22 045- 067 -23 045 -067 -24 045 -067 -25 045 -067 -26 045 -067 -27 045- 067 -28 045- 067 -29 045 -067 -30 045 -067 -31 045- 067 -32 045 -067 -34 045- 067 -35 045- 067 -37 045- 067 -38 045 - 067 -39 045-067 -40 045 -067 -41 045- 067-42 045 -067 -43 045 -06744 045 -067 -45 045 -06746 045 -067-47 045 -067 -48 045 -067 -49 045 -067 -50 045- 067 -51 045 -067 -52 045- 067 -53 045- 067 -54 045- 067 -55 045- 067 -56 045- 067 -57 045- 071 -18 045- 071 -20 045- 071 -22 045 - 071 -23 Assessment l.n. No 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) EBUs and Assessment Calculation Utility Costs Total Utility EBUS Costs 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,13132 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8,13132 1.0 8,131.32 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 6,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131,32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8.131.32 1.0 8131.32 1.0 8.131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 1.0 8,131.32 2.0 16,262.65 2.0 16,262.66 1.0 8.131.33 1.0 8.131.33 Alley Costs Total Alley Incidental Total Iat rTCC Preliminary EBUS Costs Costs Bond Issue Costs Total Assessment 1.0 1.344.69 1,382.33 10.858.34 1,108.67 11, 967.01 0.0 0.00 1,186.17 9,317.49 1,108.67 10,426.16 0.0 0.00 1,186.17 9,317.49 1,108.67 10,426.16 0.0 0.00 1,186.17 9,317.49 1,108.67 10,426.16 0.0 0.00 1,186.17 9,317.49 1,108.67 10,426.16 0.0 0.00 1,186.17 9,317.49 1,108.67 10.426.16 0.0 0.00 1,186,17 9,317.49 1,108.67 10,426.16 0.0 0.00 1,186.17 9,317.49 1,108.67 10,426.16 0.0 0.00 1186.17 9,317.49 1,108.67 10,426.16 0.0 0.00 1,186.17 9,317.49 1,108.67 10,426.16 0.0 0.00 1,186.17 9,31249 1,108.67 10,426.16 0.0 0.00 1,186.17 9,317.49 1,108.67 10,426.16 0.0 0.00 1,186.17 9,317.49 1,108.67 10,426.16 0.0 0.00 1,186.17 9,317.49 1,108.67 10,426.16 0.0 0.00 1,186.17 9,317.49 1108.67 10,426.16 0.0 0.00 1,186.17 9,317.49 1,108.67 10,426.16 1.0 1,344.69 1, 382.33 10, 858.34 1,108.67 11, 967.01 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 1.0 1,344.69 1,382.33 10, 858.34 1,108.67 11, 967.01 1.0 1,344.69 1,382.33 10, 858.34 1,108, 67 11, 967.01 1.0 1,344.69 1.382.33 10, 858.34 1,108.67 11, 967.01 U 1,344.69 1,382.33 10,858.34 1,10867 11,967.01 1.0 1,344.69 1.362.33 10,858,34 1,108,67 11,96201 1.0 1,344.69 1,38233 10,858.34 1,108.67 11,967.01 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 1.0 1.344.69 1,382.33 10, 858.34 1,108.67 11, 967.01 1.0 1.344.69 1,382.33 10, 858.34 1108.67 11,967.01 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 1.0 1,344.69 1,362.33 10,858.34 1,108.67 11 967.01 1.0 1,344.69 1,382.33 10,85&34 1,108.67 11, 967.01 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 1.0 1,344.69 1,38233 10, 858.34 1,108.67 11, 967.01 1.0 1,344.69 1,382.33 10, 858.34 1,108.67 11, 967.01 1.0 1,344.69 1,382.33 10, 858.34 1,108.67 11, 967.01 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 1.0 1,34C69 1,382.33 10, 858.34 1,108.67 11, 967.01 1.0 1,344,69 1,382.33 10, 858.34 1,108.67 11, 967.01 1.0 1,344.69 1,38233 10,858.34 1,108.67 11,967.01 1.0 1,344.69 1,382.33 10, 858.34 1,108.67 11 967.01 1.0 1,344.69 1,382.33 10 858.34 1,108.67 11,967.01 0.0 0.00 1,186.17 9,317.49 1,108.67 10,426.16 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 1.0 1,344.69 1.382.33 10,858.34 1,108.67 11, 967.01 1.0 1,344.69 1,382.33 10,85834 1,108.67 11 967.01 1.0 1,344.69 1,382.33 10, 858.34 1,108.67 11 967.01 1.0 1,344.69 1,382.33 10,85834 1108.67 11,967.01 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,96201 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11, 967.01 1.0 1,344.69 1,382.33 10,858.34 1,108.67 11,967.01 1.0 1.344.69 1.382.33 10, 858.34 1,108.67 11, 967.01 1.0 1.344.69 1,382.33 10, 858.34 1,108.67 11, 967.01 1.0 1,344.69 1.382.33 10,858.34 1,108.67 11,967.01 1.0 1,344.69 1,382.33 10, 858.34 1,108.67 11 967, 01 10 1,344.69 1,382.33 10,858.34 1.10867 11,967.01 1.0 1,344.69 1,382.33 10,858.34 1.10867 11,967.01 1.0 1,344,69 1,382,33 10, 858.34 1,108.67 11.967.01 1.0 1,344.69 1,382.33 10, 858.34 1,108.67 11, 967.01 1.0 1,344.69 1,382.33 10,858.34 1,10867 11,967.01 1 0 1,344.69 1,382.33 10,858,34 1,108.67 11, 967.01 1.0 1,344.69 1,382.33 10,858.34 1.10867 11,967.01 1.0 1,344,69 1,382.33 10,858.34 1,10867 11,967.01 1.0 1344.69 2,568.50 20,175.84 2,217.33 22,393.17 1.0 1,344.69 2,56850 20.175.85 2,217.33 22,393.18 1.0 1,344.69 1,382.33 10,858 35 1.108.67 11,967.02 1.0 1.344.69 1,382.33 10.858 35 1,108.67 11,967 02 Page 12 -5 CITY OF NEWPORT BEACH • Underground Assessment District No, 68 (Newport Shores) EBUs and Assessment Calculation Assessor's Assessment Utility Costs Total Utility Alley Costs Total Alley Incidental Total 1st ITCC Preliminary Parcel No. I.D_No. EBUS Costs EBUS Costs Costs Bond Issue Costs Total Assessment 045 -071 -24 336 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045-071 -25 337 1.0 8.131.33 1.0 1.344.69 1,382.33 10.858.35 1,108.67 11,967.02 045 -071 -26 338 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045 -071 -27 339 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045-071 -28 340 1.0 8,131.33 1.0 1,344.69 1.382.33 10,858.35 1,108.67 11,967.02 045 -071 -31 341 1.0 8,131.33 0.0 0.00 1,186.17 9,317.50 1,108.67 10,426.17 045 -07132 342 1.0 8.131.33 0.0 0.00 1,186.17 9,317.50 1,108.67 10,426.17 045 -071 -35 343 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11967.02 045-071 -36 344 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045 -071 -37 345 1.0 8,131.33 1.0 1.344.69 1,382.33 10,858.35 1,108.67 11.967.02 045 -071 -38 346 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1.108.67 11,967.02 045 -071 -39 347 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045 -071 -00 348 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045 -071 -41 349 1.0 8.131.33 1.0 1,344.69 1.382.33 10,858.35 1,108.67 11,967.02 045 -071 -42 350 1.0 8,131.33 1.0 1,344.69 1,382.33 10,85835 1.108.67 11,967.02 045 -071 -43 351 1.0 8,131.33 1.0 1,344.69 1,382.33 10.858.35 1.108.67 11,967.02 045 -071-04 352 2.0 16,262.66 1.0 1,344.69 2.568.50 20,175.85 2,217.33 22 393.18 045 -071 -06 353 2.0 16,262.66 1.0 1,344.69 2.568.50 20,175.85 2,21733 22,393.18 045 -071-47 354 2.0 16,262.66 1.0 1,344.69 2,568.50 20,175.85 2,217 33 22,393.18 045 -071 -50 355 2.0 16.262.66 1.0 1,344.69 2,568.50 20,175.85 2,217.33 22,393.18 045 -071 -52 356 2.0 16,262.66 1.0 1,344.69 2,568.50 20,175.85 2,217.33 22,393.18 045 -071 -53 357 2.0 16,262.66 1.0 1,344.69 2,568.50 20,175.85 2,217.33 22,393.18 045 -071 -54 358 2.0 16,262.66 1.0 1,344.69 2,568.50 20,175.85 2,217.33 22,393.18 045 -071 -55 359 2.0 16,262.66 1.0 1.344.69 2,568.50 20,175.85 2,217.33 22,393.18 045 -071 -56 360 1.0 8,131.33 0.0 0.00 1,186.17 9,317.50 1,108.67 10,426.17. 045 -071 -57 361 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045. 071 -58 362 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045 -072 -07 363 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045-072 -09 364 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045 -072 -12 365 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 • 045 -072 -15 366 1.0 8.131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045 - 072 -16 367 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045 -072 -17 368 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11.967.02 045 -072 -18 369 1.0 8,131.33 1.0 1,344.69 1.382.33 10,858.35 1,108.67 11,967.02 045,072 -19 370 1.0 8,131.33 1.0 1,344.69 1.382.33 10,858.35 1,108.67 11,967.02 045-072 -20 371 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045 -072 -21 372 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045 -072 -22 373 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045 -072 -23 374 1.0 8,13133 1.0 1,344.69 1.382.33 10,858.35 1,108.67 11,967.02 045 -072 -24 375 1.0 8,131.33 1.0 1344.69 1,382.33 10,858,35 1,108.67 11,967.02 D45- 072 -25 376 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045 -072 -26 377 1.0 8,131.33 1.0 1,344.69, 1,382.33 10,858.35 1,108.67 11,967.02 045 -072 -28 378 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 D45 -072 -29 379 1.0 8.131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 D45 -072 -30 380 1.0 8,131.33 1.0 1,344.69 1.382.33 10,858.35 1,108.67 11,967.02 D45 -072 -31 381 1.0 8,131.33 t0 1,344.69 1,382.33 10.858.35 1,108.67 11,967.02 045 -072 -32 382 1.0 8,131.33 1.0 1,344.69 1,382,33 10,858.35 1,108.67 11,967.02 045 -072 -33 383 1.0 8,131.33 1.0 1,344.69 1,382.33 10.858.35 1,108.67 11,967.02 D45 -072 -34 384 1.0 8,13133 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 D45 -072 -35 385 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045 -072 -36 386 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11.967.02 045 -072 -37 387 1.0 8,131.33 1.0 1,344.69 1,382,33 10,858.35 1,108.67 11,967.02 045 -072 -39 388 1.0 8,131.33 10 1,344.69 1.382,33 10,858.35 1,108.67 11,967.02 045 -072 -00 389 1.0 8,131.33 1.0 1.344.69 1,382.33 10,858.35 1,108.67 11,967.02 045 -072 -41 390 1.0 8.131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045 -072 -42 391 1,0 8,131.33 1.0 1,344.69 1.382.33 10.858.35 1,108.67 11,967.02 045- 072-43 392 1.0 8,131.33 1.0 1,344.69 1,382,33 10,858.35 1.108.67 11,967.02 045 -072 -44 393 1.0 8,131.33 1.0 1,344.69 1.382.33 10,858.35 1,108.67 11.967.02 D45 -07245 394 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 D45 -072 -06 395 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858,35 1,108.67 11,967.02 D45 -072 -07 396 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 045- 072 -50 397 1,0 8,131,33 1.0 1.344.69 1,382.33 10.858.35 1,108.67 11.967.02 045 -072 -51 398 1.0 8,131.33 1.0 1,344.69 1,382.33 10,858.35 1,108.67 11,967.02 D45- 072 -52 399 1.0 8,131.33 1,0 1,344.68 1,382.33 10,858.34 1,108.67 11,967.01 045 - 072 -53 400 1,0 8,131.33 1,0 1,344.68 1.382.33 10,858,34 1.108.67 11,967.01 045- 072 -54 401 1.0 8,131.33 1.0 1.344.68 1,382.33 10.858.34 1,108.67 11,96201 045 -072 -55 402 1.0 8,131,33 1.0 1,344.68 1,382.33 10.858.34 1.108.67 11,967.01 • Page 12 -6 • CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) EBUs and Assessment Calculation Page 12 -7 Assessors Assessment Utility Costs Total Utility Alley Costs Total Alley Incidental Total 1st rTCC Preliminary Parcel No I.D. loo. EBUs Costs EBUs Costs Costs Bond Issue Costs Total Assessment 045 -072 -56 403 1.0 8,131.33 1.0 1,344 -68 1,382.33 10,658.34 1.108.67 11,967.01 045 -072 -57 404 1.0 8,131.33 1.0 1,344.68 1,382.33 10,858.34 1.108.67 11,967.01 045 -072 -58 405 1.0 8,131.33 1.0 1,344.68 1.382.33 10,858.34 1.108.67 11,967 -01 045- 072 -59 4D6 1.0 8,131.33 1.0 1,344.68 1,382.33 10.858.34 1,108.67 11,967.01 045 -072 -60 407 1.0 8,131.33 1.0 1.344.68 1,382.33 10,858.34 1,108.67 11,967.01 045 -072 -61 408 1.0 8.131.33 1.0 1,344.68 1,382.33 10,858 -34 1,108.67 11,967.01 045 -072 -62 409 1.0 8,131.33 1.0 1,344.68 1.382.33 10,858.34 1,108.67 11,967.01 045- 073 -07 410 1.0 8,131.33 1.0 1,344.68 1,382.33 10.858.34 1,108.67 11,967,01 045 -073 -08 411 1.0 8,131.33 1.0 1,344.68 1382.33 10.858.34 1,108.67 11,967.01 045 -073 -D9 412 1.0 8,131.33 1.0 1,344.68 1,382.33 10.858.34 7,108.67 77,967.01 045- 073 -10 413 1.0 8,131.33 1.0 1,344.68 1,382 -33 10.858.34 1.108.67 11,967.01 045- 073 -11 414 1.0 8,131.33 1.0 1,344.68 1,382.33 10.858.34 1.108.67 11,967.01 045 -073 -12 415 1.0 8.131.33 1.0 1,344.68 1,382.33 10,858.34 1,108.67 11.967.01 045- 073 -13 416 1.0 8,131.33 1.0 1,344.68 1,382.33 10.858.34 1.108.67 11,967.01 045 -073 -14 417 1.0 8.131.33 1.0 1,344.68 1,382.33 10,858.34 1,108.67 11,967A7 045 -073 -15 418 1.0 8.131.33 1.0 1,344.68 1,382.33 10,858.34 1,108.67 11,967.01 045 -073 -16 419 1.0 8,131.33 1.0 1,344.68 1,382.33 10,858.34 1,108.67 11,967.01 045- 073 -17 420 1.0 8.131.33 1.0 1,344.68 1,382.33 10,858.34 1,108.67 11.967.01 045- 073 -18 421 1.0 8,131.33 1.0 1.344.68 1,382,33 10,858.34 1,108.67 11.967.01 045- 073 -19 422 1.0 8,131.33 1.0 1,344.68 1.382 -33 10.858.34 1,108.67 11,967.01 045- 073 -20 423 1.0 8,131.33 1.0 1,344.68 1,382.33 10.858.34 1.108.67 11,967.01 045 -073 -21 424 1.0 8,131.33 1.0 1,344.68 1,382.33 10.858.34 1,108.67 11,967.01 D45 -073 -22 425 1.0 8,131.33 1.0 1,344.68 1,382.33 10,858.34 1,108.67 11,967.01 045 -073 -23 426 1.0 8,131.33 1.0 1,344.68 1,382.33 10,858.34 1,108.67 11,967.01 045- 073 -24 427 1.0 8.131.33 1.0 1,344.68 1.382.33 10,858.34 1,108.67 11.967.01 045- 073 -25 428 1.0 8,131.33 1.0 1,344.68 1,382.33 10,858.34 1,108.67 11,967.01 045 -073 -26 429 1.0 8,131.33 1.0 1,344.68 1,382.33 10,858.34 1,108.67 11,967.01 045- 073 -27 430 1.0 8,131.33 1.0 1,344.68 1.382.33 10,858.34 1,108.67 11,967.01 045 -073 -29 431 1.0 8.131.33 1.0 1,344.68 1,382.33 10,858.34 1,108.67 11,967.01 • 045 -074 -05 432 1.0 8,131.33 0.0 0.00 1.166.17 9,317.50 1.108.67 10,426,17 045 -074 -D6 433 1.0 8,131.33 0.0 0.00 1,186.17 9,317.50 1,108 -67 10,426.17 045-074 -07 434 1.0 8.131.33 0.0 0.00 1,186.17 9,317.50 1,108.67 10,426.17 045 -074 -08 435 1.0 8,131.33 0.0 0.00 1,186.17 9,317.50 1,108.67 10,426,17 045 -074 -09 436 1.0 8.131.33 0.0 0.00 1.186.17 9,317.50 1,108.67 10,426,17 045- 074 -10 437 1.0 8,131,33 0.0 0 -00 1,186.17 9,317.50 1,108.67 10,426.17 045- 074 -11 438 1 1.0 8,131.33 0.0 0.00 1,186.16 9,317.49 1,108.67 10,426.16 045 -074 -12 439 1.0 8,131.33 0.0 0.00 1,186,16 9,317.49 1.108.67 10,426.16 045- 074 -13 440 1.0 8,131.33 0.0 0.00 1,186.16 9.317.49 1,108,87 10,426.16 045 -074 -14 441 1.0 8.131.33 0.0 0.00 1,186.16 9,317.49 1,108.67 10.426.16 045 -074 -15 442 1.0 8,131.33 0.0 0.00 1,186.16 9,317.49 1,108.67 10.426.16 045- 074 -16 443 1.0 8.131.33 0.0 0.00 1,186.16 9.317.49 1,108.67 10.426,16 045- 074 -17 444 1.0 8,131.33 0.0 0.00 1.186.16 9,317.49 1,108.67 10,426.16 045- 074 -18 445 1.0 8.131.33 0.0 0.00 1,186.16 9,317 -49 1,108.67 10,426.16 045- 074 -20 446 1.0 8.131.33 0.0 0.00 1,186.16 9,317.49 1,108.67 10,426.16 045- 075 -07 447 1.0 8,131.33 1.0 1,344.68 1,382.32 10,858.33 1,108.67. 11.967.00 045- 075 -08 448 1.0 8.131.33 1.0 1,344.68 1,382.32 10,858.33 1,108.67 11,967.00 045- 075 -09 449 1.0 8,131.33 1.0 1,344.68 1,382.32 10,858.33 1,108.67 11,967.00 045- 075 -10 450 1.0 8.13133 1.0 1,344.68 1.382.32 10.858.33 1,108.67 11967.00 045 - 075 -11 451 1.0 8,131.33 1.0 1,344.68 1,382.32 10.858.33 1,108.67 11,967.00 045- 075 -12 452 1.0 8,131.33 1.0 1,344.68 1.382.32 10,858.33 1,108.67 11,967.00 045- 075 -13 453 1.0 8,131.33 1.0 1,344.68 1.382.32 10,858.33 1.108.67 11,967.00 045- 075 -14 454 1.0 8,131.33 1.0 1,344.68 1382 -32 10,858.33 1.108.67 11,967.00 045- 075 -15 455 1.0 8,131.33 1.0 1344.68 1,382.32 10.858.33 1,108.67 11,967.00 045- 075 -18 456 1.0 8,131.33 1.0 1,344.68 1,382.32 10858.33 1,108.67 11,967.00 045- 075 -19 457 1.0 8,131.33 1.0 1,344.68 1,382.32 10,858.33 1,108.67 11,967.00 045- 075 -20 458 1.0 8,131.33 1.0 1,344.68 1,382.32 10.858.33 1,108.67 11,967.00 045- 075 -21 459 1.0 8,131.33 1.0 1,344.68 136232 10,858.33 1.108.67 11.967.00 045- 075 -22 450 1.0 8,131.33 1.0 1,344.68 1,382.32 10,858.33 7.708.67 71.967.00 045 - 075 -23 461 1.0 8,131.33 1.0 1.344.66 1,362.32 10,858.33 1,108.67 11.957.00 045 -075 -24 462 1.0 8,131.33 1.0 1344.68 1,382.32 10,858.33 1,108.67 11,967.00 045 - 075 -25 463 1.0 8,131.33 1.0 1344.68 1,382.32 10,858.33 1,108.67 11,967.00 045- 075 -26 464 1.0 8,131.33 1.0 1,344.68 1,382.32 10.85833 1,108.67 11,967.00 045- 075 -27 465 1.0 8.131.33 0.0 0.00 1,186.16 9,31769 1,108.67 10,426.16 045- 075 -28 466 1.0 8,131.33 0.0 0.00 1,186.16 9,317.49 1.108.57 10.426.16 045- 075 -29 467 1.0 8.131.33 0.0 0.00 1.186.16 9317.49 1,108.67 10.426.16 045- 075 -30 468 1.0 8.131.33 0.0 0.00 1,186.16 9,317.49 1,108.67 10,426.16 • 045- 075 -31 469 1.0 8,131.33 0.0 0.00 1,186.16 9.317.49 1.108.67 10,426.16 Page 12 -7 Assessoes Parcel No. 045 - 075-32 045- 075-35 045-075 -36 045- 075-37 045 -075 -38 045-081 -07 045 -081 -08 045-081 -09 045- 081 -14 045-081 -15 045- 081 -16 045 - 081 -17 045 - 081 -18 045-081 -19 045 -081 -20 045 -082-04 045 -082 -05 045 -082 -06 045-082 -07 045-082 -08 045 -082 -10 045-082 -11 045- 082 -13 045 -W2 -16 045-082 -17 045-083-01 045-083 -09 045-083 -10 045 -083-11 045-083 -12 045-083 -13 939 -720-01 939 -720 -02 939 - 720 -03 939 -720-04 939 - 720 -05 939 - 720-06 045-083 -15 045084 -01 045-084 -03 045 -084 -04 045 -084-06 045- 084-09 045 - 084 -10 045111 -15 045111 -17 045111 -18 045111 -19 045111 -20 045112 -01 045112 -08 045112 -09 045- 112 -10 045112 -11 045 -113 -01 045 - 113-02 045 - 113 -03 045- 114 -08 045- 114 -09 045- 114 -13 045-114-15 045- 114 -16 045-115-01 045- 115 -08 045- 115 -10 114 - 661 -01 114 - 661 -02 Assessment I.D_No. 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) EBUs and Assessment Calculation Utility Costs Total Utility EBUS Costs 1.0 8,131.33 2.0 16.262.66 1.0 8,131.33 1.0 8,131.33 1.0 8,13133 1.0 8.131.33 1.0 8,131.33 1.0 8.131.33 0.0 0.00 0.0 0.00 0.0 0.00 0.0 0.00 0.0 0.00 0.0 0.00 0.0 0.00 1.0 8.131.32 1.0 8.131.32 1.0 8.131.32 1.0 8.131.32 1.0 8.131.32 0.0 0.00 0.0 0.00 0.0 0.00 0.0 0.00 0.0 0.00 0.0 0.00 0.5 4.065.66 0.5 4,065.66 0.0 0.00 0.0 0.00 0.0 0.00 0.5 4,065.66 0.5 4,065.66 0.5 4,065.66 0.5 4,065.66 0.5 4,065.66 0.5 4,065.66 0.8 6,098.49 12.0 97.575.88 1.0 8,131.32 1.0 8,131.32 0.0 0.00 3.7 29,841.96 1.0 8,131.32 1.0 8.131.32 1.0 8.131.32 1.0 8,131.32 3.5 28,215.69 4.2 33,907.62 3.0 24,393.97 0.0 0.00 0.0 0.00 5.5 44,722.28 2.5 20,328.31 0.0 0.00 0.0 0.00 0.0 0.00 0.5 4,065.66 0.0 0.00 2.0 16,262.65 12.0 97.575.88 7.0 56 919.26 0.0 0.00 2.0 16.262.65 0.0 0.00 1.0 8,131.32 1.0 8,131.32 Alley Costs Total Alley Incidental Total tat ITCC Preliminary EBUS Costs Costs Bond Issue Costs Total Assessment 0.0 0.00 1.186.16 9,317.49 1,108.67 10.426.16 0.0 0.00 2,372.34 18,635.00 2,217.33 20.852.33 0.0 0.00 1,186.16 9,317.49 1.108.67 10,426.16 0.0 0.00 1,186.16 9,317.49 1.108.67 10.426.16 0.0 0.00 1,186.16 9,317.49 1.108.67 10.426.16 1.0 1,344.68 1,382.33 10.858.34 1,108.67 11,967.01 1.0 1,344.68 1,382.33 10.858.34 1,108.67 11,967.01 1.0 1,344.68 1,382.33 10.858.34 1,108.67 11.967.01 1.0 1,344.68 196.16 1,540.84 0.00 1,540.84 1.0 1,344.68 196.16 1,540.84 0.00 1,540.84 1.0 1,344.68 196.16 1,540.84 0.00 1,540.84 1.0 1,344.68 196.16 1.540.84 0.00 1.540.84 1.0 1,344.68 196.16 1,540.84 0.00 1.540.84 1.0 1,344.68 196.16 1.540.84 0.00 1,540.84 1.0 1,344.68 196.16 1,540.84 0.00 1,540.84 1.0 1,344.68 1,382.33 10,858.33 1,108.67 11,967.00 1.0 1,344.68 1,382.33 10,858.33 1,108.67 11,967.00 1.0 1,344.68 1,382.33 10, 858.33 1,108.67 11, 967.00 1.0 1,344.68 1,382.33 10, 858.33 1,108.67 11.967.00 1.0 1,344.68 1,382.33 10.858.33 1,108.67 11, 967.00 1.0 1,344.68 196.16 1,540.84 0.00 1,540.84 1.0 1.344.68 196.16 1,540.84 0.00 1.540.84 1.0 1,344.68 196.16 1,540.84 0.00 1.540.84 1.0 1,344.68 196.16 1,540.84 0.00 1,540.84 1.0 1,344.68 196.16 1,540.84 0.00 1,540.84 1.0 1,344.68 196.16 1,540.84 0.00 1,540.84 1.0 1,344.68 78924 6,199.58 554.33 6,753.91 1.0 1,344.68 789.24 6,199.58 554.33 6,75191 1.0 1,344.68 196.16 1,540.84 0.00 1,540.84 1.0 1,344.68 196.16 1,540.84 0.00 1,540.84 1.0 1,344.68 196.16 1,540.84 0.00 1,540.84 0.5 672.33 691.16 5,429.15 554.33 5.983.48 0.5 672.33 691.16 5,429.15 554.33 5,983.48 0.5 672.33 691.16 5,429.15 554.33 5,983.48 0.5 672.33 691.16 5,429.15 554.33 5,983.48 0.5 672.33 691.16 5,429.15 554.33 5,983.48 0.5 672.33 691.16 5,429.15 554.33 5,983.48 1.5 2,017.02 1.183.86 9,299.37 831.50 10,130.87 12.0 16,136.24 16,587.94 130,300.06 13,303.99 143,604.05 0.0 0.00 1,186.17 9,317.49 1.108.67 10,426.16 1.0 1,344.69 1,382.33 10.85834 1,108.67 11,967.01 2.0 2.689.37 392.32 3,081.69 0.00 3,081.69 3.7 4,935.00 5,073.15 39,850.11 4,068.80 43.918.91 0.0 0.00 1,186.17 9.317.49 1,108.67 10.426.16 0.0 0.00 1.186.17 9,317.49 1.108.67 10.426.16 0.0 0.00 1,186.17 9,317.49 1,108.67 10,426.16 0.0 0.00 1,186.17 9,317.49 1,108.67 10.426.16 0.0 0.00 4.116.01 32,331.70 3,847.07 36,178.77 0.0 0.00 4,946.33 38,853.95 4,623.14 43,477.09 3.0 4,034.06 4.146.99 32.575.02 3,326.00 35,901.02 0.0 0.00 0.00 0.00 0.00 0.00 2.5 3,361.72 490.40 3,852.12 0.00 3,852.12 5.5 7,395.78 7,602.81 59.720.87 6,097.66 65.818.53 0.0 0.00 2,965.43 23,293.74 2,771.67 26,065.41 0 0.00 0.00 0.00 0100 0.00 0 0.00 0.00 0.00 0.00 0.00 0 0.00 0.00 0.00 0.00 0.00 010 0.00 593.08 4,658.74 554.33 5,213.07 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 2,372.34 18,634.99 2,217.33 20,852.32 0.0 0.00 14,234.04 111,809.92 13.303.99 125,113.91 0.0 0.00 8.303.19 65,222.45 7,760.66 72,983.11 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 2,372.34 18,634.99 2,217.33 20,852.32 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 1,186.16 9,317.48 1,108.67 10,426.15 0.0 0.00 1,186.16 9,317.48 1.108.67 10,426.15 Page 12 -8 • • • CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) EBUs and Assessment Calculation E Page 12 -9 Assessor's Assessment Utility Costs Total Utility Alley Costs Total Alley Incidental Total 1st ITCC Preliminary Parcel No. I.D_No. EBUs Costs EBUs Costs Costs Bond Issue Costs Total Assessment 114 - 661 -03 537 1.0 8,131.32 0.0 0.00 1,186.16 9,317.48 1,108.67 10,426.15 114 - 661 -04 538 1.0 8.131.32 0.0 0.00 1,186.16 9,317.48 1,108.67 10426.15 114 - 661 -05 539 1.0 8,131.32 0.0 0.00 1,186.16 9,317.48 1,108.67 10,426.15 114- 661 -06 540 1.0 8,131.32 0.0 0.00 1,186.16 9,317.48 1,108.67 10,426.15 114 - 661 -07 541 1.0 8.131.32 0.0 0.00 1,186.16 9,317.48 1,108.67 10,426.15 114 - 662 -01 542 1.0 8,131.32 0.0 0.00 1,186.17 9,317.49 1,108.67 10,426.16 424 -431 -03 543 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 424 -431 -04 544 5.5 44,722.28 5.5 7,39538 7,602.81 59,720.87 6,097.66 65,818.53 424 -432 -01 545 2.0 16,262.65 1.0 1,344.68 2,568.50 20,175.83 2,217.33 22,393.16 424 -432 -02 546 2.0 16,262.65 1.0 1.344.68 2,568.50 20,175.83 2,217.33 22,393.16 424 -432 -03 547 1.0 8.131.32 1.0 1,344.68 1,382.33 10,858.33 1,1D8.67 11.967.00 424 -432 -05 548 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 424 -032 -06 549 0.0 0.00 2.5 3,361.71 490.39 3,852.10 0.00 3.852.10 424 -432 -07 550 0.0 0.00 2.5 3,361.71 490.39 3,852.10 0.00 3.852.10 424 -432 -08 551 2.0 16.262.65 1.0 1,344.68 2,568.50 20,175.83 2,217.33 22,393.16 424 -432 -09 552 2.0 16,262.65 1.0 1.344.68 2,568.50 20,175.83 2,217.33 22,393.16 424 -432 -10 553 0.5 4,065.66 0.0 0.00 593.08 4,658.74 554.33 5,213.07 424 433 -01 554 2.0 16,262.65 1.0 1.344.68 2.568.50 20,175.83 2.217.33 22,393.16 424 -433 -02 555 2.0 16.262.65 10 1,344.68 2,568.50 20,175.83 2,217,33 22,393.16 424 -433 -03 556 2.0 16,262.65 1.0 1,344.68 2,568.50 20.175.83 2,217.33 22,393.16 424 -033 -D4 557 2.0 16.26265 1.0 1.344.68 2,568.50 20,175.83 2,217.33 22,393.16 424 -433 -05 558 2.0 16.262.65 1.0 1,344.68 2,568.50 20.175.83 2,217.33 22,393.16 424 -433 -08 559 0.0 0.00 1.0 1,344.68 196.16 1.540.84 0.00 1,540.84 424 -433 -09 560 0.0 0.00 1.0 1,344.68 196.16 1.540.84 0.00 1,540.84 424 -433 -11 561 0.0 0.00 1.0 1,344.68 196.16 1,540.84 0.00 1,540.64 424 -433 -12 562 0.8 6.098.49 1.5 2,017.02 1,183.86 9.299.37 831.50 10,130.87 424 -433 -13 563 0.0 0.00 1.0 1,344,68 196.16 1,540.84 0.00 1,540.84 424 -434 -01 564 0.0 0.00 1.0 1,344.68 196.16 1540.84 0.00 1540.64 424 -434 -02 565 0.0 0.00 1.0 1.344.68 196.16 1,54084 D.OD 1,540.84 • 424 -434 -03 566 0.0 0.00 1.0 1.344.68 196.16 1,540.84 0.00 1,540.84 424 -434 -07 567 0.0 0.00 1.0 1,344.68 196.16 1,540.84 0.00 1,540.84 424 -434 -08 568 0.0 0.00 1.0 1,344.68 196.16 1,540.84 0.00 1.540.84 424 - 434 -09 569 0.0 0.00 1.0 1.344.68 196.16 1,540.84 0.00 1,540.84 424 -434 -10 570 5.0 40,65662 0.0 0.00 5,930.85 46.587.47 5.543.33 52,130.80 045 -010 -19 571 U 0.00 0,0 Q.QQ 0.40 0M 004 Q:OQ TOTAL 5953 $4,840,658.05 427.2 $574,410.00 $789,931.95 $6,205,000.00 $660,000.00 $6,865,000.00 E Page 12 -9 ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) • CERTIFICATIONS I HEREBY CERTIFY that the enclosed Engineer's Report, together with the Assessment and Assessment Diagram thereto attached was filed with me on this day of 2004. Clerk of the City Council, City of Newport Beach, California I HEREBY CERTIFY that the enclosed Engineer's Report, together with the Assessment and Assessment Diagram thereto attached received preliminary approval by the City Council of the City of Newport Beach, California on this day of 2004 Clerk of the City Council, City of Newport Beach, California I HEREBY CERTIFY that the Engineer's Report, together with the Assessment and Assessment • Diagram thereto attached received final approval and confirmation by the City Council for the City of Newport Beach, California, on the day of 2004. Clerk of the City Council, City of Newport Beach, California I HEREBY CERTIFY that the enclosed Engineer's Report, together with the Assessment and Assessment Diagram thereto attached was recorded in my office on the day of 2004. Superintendent of Streets City of Newport Beach, California • MuniFinancial Page 13 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) • Section IV MAXIMUM ANNUAL ADMINISTRATIVE COST l J • In addition to or as a part of the assessment lien levied against each parcel of land within the Improvement District, an annual administrative assessment shall be levied on each parcel of land and subdivision of land within the Assessment District to pay for necessary costs and expenses incurred by the City of Newport Beach, and not otherwise reimbursed, resulting from the administration and collection of assessments, or both from the adtinistration or registration of any bonds and reserve or other related funds. The annual administrative assessment is authorized pursuant to the provisions of 5102040) of the Streets &Highways Code. The annual administrative assessment shall not exceed $50.00 per individual assessment parcel and will be collected in the same manner and in the same installments as the assessment levied to pay the cost for the Works of Improvement. This annual administrative assessment is subject to an annual increase, based upon increases in the Consumer Price Index (CPI) during the preceding year ending January, for all Urban Consumers in the Los Angeles - Riverside - Orange County areas. The exact amount of the administrative assessment shall be established each year by the Superintendent of Streets MuniFinancial Page 14 City of Newport Beach ENGINEER'S REPORT . ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) CITY OF NEWPORT BEACH Section V ASSESSMENT DIAGRAM & BOUNDARY MAP Pursuant to the Act, a Diagram showing the Assessment District, the boundaries, and the dimensions of the subdivisions of land within the Assessment District as they existed at the time of the passage of the Resolution of Intention is filed with and made a part of this Report and part of the assessment. Each of the subdivisions of land, parcels, or lots will be given a separate number on the Assessment Diagram, which corresponds with the assessment number shown on the Assessment Roll (Exhibit Q. The Assessment Diagram and Boundary Map in a reduced -scale format follows. • • MuniFinancial Page 14 City of Newport Beach E 0 � f ( Jh 0 \\� ao /jl a. I y d \} M5, § §` \ \ ) : §§ 4 i- I 4 4. \° ® § 6 I §) ° / E_ ° 3 e (\ \ 0 \ a �! \ & \ e 5 \ /ul a { Jj is §@ r > $ 3 E , e/ \ o \ �\ / / /8 6. o z- .1 / LLJ is aN003S-AIXIS ¥ ! =_m / t UP \ ' 3 / # is _fn ~ \ �7 ° is � , CO -is 30 ? ` E_% _ ��� FE � ) { � 0 • • �Z a ° wzw s <O �(n won -- ._._ ._._ ------ __ .... .. oo< is_._.. inNlbM n zro W� c t-W l( Pi (D Z 3 °o< w HUN W :2 v V) (jr) O Cn aw ON 'IS vwOOm O� as J (b H N Q O U Cis U •C `s :3 >eu of 0 0 �cc) 0 C H. a o WZ, N ° a a � Ln ++ 3 0 o O z F O OHO ObO�`' y m Z 3 ooa W O° v O ry O W F Z G 9 g 1S ?JV030 0 N v ° 00 OO• � - ......_ - a a '1S InNIVM. _. r Atr �p 'IS VIN00fll..:. a` Q� u. 0000 00 Cy r - - ° 00000:0 0z - �O '1S NO1-100 r - � -- - -- �`' co am � �g w a.nn f' Q I.00 • 0 0 w w N ^d I � � u 7 XS 0 wa o i s� j <N 0 0@ o 0 0 0 0 0 0 0 1S ON003S —AiXIS 9 6V030 '1S inNIVM 1 J c �35g 1'O �I L�Co O to O z m H N = U U O mzo n N N �¢o ooQ 1SnH10 z j p i iO4 O O O O o =Fo z Q H O U N W :2 z E O N v O a- LLJ O N K N d Q O '1S inNIVM 1 J c �35g 1'O �I n '1S inNIVM 1 J c �35g 1'O �I I 0 w w 0 00 g z Q Q) _ O mao L w w z O ZZ° W � z ~ d w Z 3 ODI V) U) Z v W (n v V) W Q V) U) Q C� U a^ R$ � gG 3 �n ENV F0 C �g s8 gC 0 0 �2 °a \ § \ \ }0 a \ e !,- (}j \\} } \ \ F- »& r\ gel \ \ / �o� \- \ § \\\ }\ \ /\) /) y§ : In I R! BR! bR!lRbR!! )R A9id,b!lDbdl MOM lR! \( \( \(( {((\(( \ { \)( \() � 2 \ k < ) Q ) E-a �| (}j \\} } \ \ \\ r\ \ \ \) \- \ § \\\ }\ \ /\) /) : k4�! R! BR! bR!lRbR!! )R A9id,b!lDbdl MOM lR! \( \( \(( {((\(( \ { \)( \() \ \ \) \- \ § \\\ }\ \ /\) /) : k4�! R! BR! bR!lRbR!! )R A9id,b!lDbdl MOM lR! \( \( \(( {((\(( \ { \)( \() @«C! R! bR! bR!l MOM ! \ \ \) \- \ § \\\ }\ \ /\) /) : � )R A9id,b!lDbdl MOM lR! 4 O M i ^ W' N -. DD Q F N O in r W F- 2 Z Ln CW Ln < Z W (n v Lo Lo (n W Q a -(--- 'r [ W ci J 0] H N Q O O 0 r-� R co •N Co �G O U awa woz mz� Fao oo� 3pU W LL zF0 � � r }Qf F In U 0 0 • 'IS VINOom 0 ���0 000000 .cD S°3� Uzi ' gam` '1S 1nMVM _.. ...- ` = 00000 x ® Gr ea 4 w ?� - ® 1S NO1100 V W p w O LO L OD W - - Z o m mz¢ OV�.- .. v v♦ w w Q 4 4ZW O v ( Z 3 ° ° O O C C ( (n Z O 0 ® 1 1S 8V033 ( (.r) Lr) O �O a (.r)w Q ' 0 ���0 000000 .cD S°3� Uzi ' gam` '1S 1nMVM _.. ...- ` = 00000 x ® Gr ea 4 w ?� - ® 1S NO1100 V ' gam` '1S 1nMVM _.. ...- ` = 00000 x ® Gr ea 4 w ?� - ® 1S NO1100 V N 0 w l IL 1' d$ 6O�J 0000= 0000000 0 M_ w O J m � X00 '1S 103dS02ld Q W € O = o Z .-. o za N < a o t Z ° Uw0= � X0ov a IS H1091 wo4 W Z ~ on- z F n o o W O(n —7 cn Z N v W v (n inN]VM 1S I dlj- ,1XI d _._._.. _._ 7 X000000000 0 d 0000= 0000000 0 M_ 1S aN003S -AIXIS o � OOOOOOOO (f) _ 0 N O J m "00 "OOORO° 0 X00 '1S 103dS02ld Q OOOxOR00OC2W o z O rs '1S dV030 '1S inN]VM _._._.. _._ 7 r C i e1 oD �' 00 � O ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) • Section VI GENERAL DESCRIPTION OF ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) §10100 of the Act provides for the legislative body of any municipality to finance certain capital facilities and services within or along its streets or any public way or easement. The proposed improvements, allowed under the Act and subject of this report, will be constructed in the area referred to as Assessment District No. 68 (Newport Shores) and are briefly described as follows: The Assessment District generally includes properties that are referred to as the Assessment District No. 68 (Newport Shores) area. This area is located in the western portion of the City and generally includes those properties along Canal Street; 62nd Street; 61st Street; Newport Shores Drive; Grant Street; Fern Street; Orange Street; Colton Street; Lugonia Street; Walnut Street; Cedar Street; Prospect Street and Sunset Drive. The Canal acts as the northern boundary; the Santa Ana River provides the northwestern boundary while Coast Highway West delineates the District's southern boundary. The Assessment District is comprised primarily of residential and commercial properties with a publicly owned park situated on three parcels within the District boundaries. Residential properties include single -family units (457 parcels) and multi- family units (77 parcels). There are 33 commercial parcels within the District and three (3) City owned park parcels. Acreage ascribed to the commercial properties is negligible. • DESCRIPTION OF WORK The following is a description of the planned improvements for the entire Assessment District. A. UNDERGROUNDING OF OVERHEAD UTILITY LINES Undergrounding of overhead utility lines in Assessment District No. 68 (Newport Shores) includes demolition of existing hardscape, trenching, installing new utility vaults needed to receive the conduits and transformers, laying the conduit lines into the trenches, backfilling and compacting the trenches per code, re- paving the street, switching service to the underground system, removing the existing overhead poles and wires and completion of any ancillary improvements. Improvements will be designed by the Southern California Edison Company, SBC Communications and Adelphia Cable. The City of Newport Beach will be responsible for the street repair work associated with the undergrounding and inspect all work to insure conformance to applicable city standards and specifications. In order to install the underground utility system, the streets and alleyways will need to be saw cut and refurbished. The Assessment District will refurbish the roadways throughout the Assessment District. The existing alleyways are very old and it is not possible to saw cut any uniform trench width for the installation of the underground system house laterals. Since it is not possible to patch the existing alleyways, the Assessment District will reconstruct them to City standards. Once completed, the underground facilities will become the property and responsibility of Southern California Edison, SBC Communications and Adelphia Cable. • MuniFinancial Page 15 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) As conversion of individual service connections on private property is not included in the work being • completed by the Assessment District, property owners within the Assessment District will be responsible for arranging and paying for required work on his or her property to connect facilities constructed by the public utilities in the public right -of -way to the point of connection on their private property. It is estimated that the undergrounding project will be completed eight (8) months after the bond sale. Property owners are required to provide permitted and approved underground connections no more than 10 months after the completion of the undergrounding project. Failure to convert individual service connections on private property may lead to a recommendation to the City Council that the public utilities be directed to discontinue service to said property. Overhead facilities cannot be removed until all overhead service has been discontinued. • • MuniPinancial Page 16 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) • Right -of -Way Certificate CITY OF NEWPORT BEACH) COUNTY OF ORANGE ) STATE OF CALIFORNIA ) The undersigned, under penalty of perjury, CERTIFIES as follows: That at all time herein mentioned, the undersigned was, and now is, the authorized representative of the duly appointed SUPERINTENDENT OF STREETS for the City of Newport Beach, California. That there have now been instituted proceedings under the provisions ofArticle V11D of the California Constitution, and the "Municipal Improvement Act of 1913," being Division 12 of the Streets and Highways Code of the State of California, for the construction of certain public improvements in a special assessment district know and designated as Assessment District No. 68 (Newport Shores). THE UNDERSIGNED STATES AND CERTIFIES AS FOLLOWS: It is acknowledged that the proposed Works of Improvement must be located within public rights - of-way, land, or easements owned by or licensed to the City of Newport Beach, County of Orange, State of California, at the time of the construction of the Works of Improvements, and the • undersigned hereby further certifies that all rights -of -Way necessary for the Works of Improvements will be obtained and in the possession of the City, County or State prior to construction by the City of Newport Beach. EXECUTED this day of 2004, at the City of Newport Beach. Superintendent of Street City of Newport Beach State of California • Muni Financial Page 17 City of Newport Beach "RECEI D AFTER AGENDA PRINTED " . 1 �-8-6y - PRELIMINARY ENGINEER'S REPORT •' UNDERGROUND UTII..ITY ASSESSMENT DISTRICT NO. 68 NEWPORT SHORES) PREPARED UNDER THE PROVISIONS OF TI IF MUNICIPAL. I14PROVFMENT ACTT OF 1913 FOR THE CITY OF NEWPORT BEACH ORANGE COUItry, CALIFORNIA INTENT MEETING: June 8, 2004 PUBLIC HEARING: July 27, 2004 Prepared b)-: MuniFinancial June 8, 2004 (Version 3) Corporate Office 2?369 Via Indwtna Suite 110 Temecula, CA 92590 Tel: (909) 587 -3500 Tel: (800) 755 -NIUNI (6864) Fax: (909) 587-3510 Regional Offices Anaheim, CA Industry, CA Lancaster, CA Oakland, CA www,nutni.com Phoenix, AZ San Diego, CA Seattle, WA Washington, DC ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) CITY OF NEWPORT BEACH TABLE OF CONTENTS INTRODUCTION & CERTIFICATIONS............ SECTION I - PLANS AND SPECIFICATIONS.... SECTION II - COST ESTIMATE............ SECTION III - ASSESSMENT ROLL AND METHOD OF ASSESSMENT SPREAD.... SECTION IV - MAXIMUM ANNUAL ADMINISTRATIVE COST .....................1 .....................4 .....................5 ..................... 7 ...................14 SECTION V - ASSESSEMENT DIAGRAM & BOUNDARY MAP ............................ .............................15 SECTION VI - GENERAL DESCRIPTION OF FACILITIES, RIGHT OF WAY & ENVIRONMENTAL CERTIFICATE............................................................................................................. .............................16 Muni Financial Page i City of Newport Beach AGENCY: CITY OF NEWPORT BEACH PROJECT: ASSESSMENT DISTRICT No. 68 (NEWPORT SHORES) TO: CITY COUNCIL SUBJECT: ENGINEER'S REPORT PURSUANT TO THE PROVISIONS OF SECTIONS 2961 AND 10204 OF THE STREETS AND HIGHWAYS CODE INTRODUCTION The purpose of Assessment District No. 68 (Newport Shores) is to provide funds to underground overhead utility lines in the area generally described as Newport Shores, specifically the areas located in the western portion of the City and generally including those properties along Canal Street; 62 -d Street; 61', Street; Newport Shores Drive; Grant Street; Fern Street; Orange Street; Colton Street; Lugonia Street; Walnut Street; Cedar Street; Prospect Street and Sunset Drive. The Canal acts as the northern boundary; the Santa Ana River provides the northwestern boundary while Coast Highway West delineates the District's southern boundary. The proposed improvements will improve safety and service reliability, increase capacity and enhance properry aesthetics. These improvements will be constructed in order to conform to existing City of Newport Beach, Southern California Edison, SBC Communications and Adelphia Cable standards. The improvements will provide a special and direct benefit to properties located within the Assessment District. Pursuant to the provision of Article XIIID of the State Constitution, Part 7.5 of the "Special Assessment Investigation, Limitation and Majority Protest Act of 1931", being Division 4 of the Streets & Highway Code of the State of California, and the "Municipal Improvement Act of 1913 ", being Division 12 of said Code, and the Resolution of Intention, adopted by the City Council of the City of Newport Beach, Stare of California, in connection with the proceedings for Assessment District No. 68 (Newport Shores), I, David L. Hunt, a Registered Professional Engineer and authorized representative ofiNfuniFinancial, the duly appointed Engineer of Work, herewith submits the "Report" for Assessment District No. 68 (Newport Shores) consisting of six (6) sections as listed below. Section I This section contains the Plans and Specifications that describe the general nature, location and extent of the proposed construction improvements, and, here referenced, are made a parr of this report. Said plans are on file and available for review in the Office of the Superintendent of Sneers. Section II This section contains an esurnare of the cost of the proposed improvements, including capitalized interest, if any, incidental costs and expenses connected therewith as set forth herein and attached hereto. Section III This section consists of the following: MuniFinancial Page 1 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) A. A projected assessment of the total costs and expenses of the proposed improvements upon the several subdivisions of land within the Assessment District No. 68 (Newport Shores), in proportion to the special benefit received by such subdivision from said improvements, which is set forth upon the assessment roll tiled herewith and made a part hereof. B. The total amount, as near as may be determined, of the total principal sum of all unpaid special assessments and special assessments required or proposed to be levied under any completed or pending assessment proceedings, other than that contemplated for the Assessment District No 68 (Newport Shores), which would require an investigation and report under the "Special Assessment Investigation, Limitation and Majority Protest Act of 1931" against the total area proposed to be assessed. C. The total true value, determined from the latest Assessor's roll, of the parcels of land and improvements proposed to be assessed. Section IV This section contains the proposed maximum annual administrative assessment to be levied upon each subdivision or parcel of land within the Assessment District No. 68 (Newport Shores) to pay costs incurred by the City of Newport Beach, and not otherwise reimbursed, resulting from the administration and collection of assessments, from the administration and registration of any associated bonds and reserve or other related funds, or both. Section V This section contains a map showing the boundaries of the Assessment District No. 68 (Newport Shores), and a diagram showing the Assessment District, the boundaries and the dimensions of the subdivisions of land within Assessment District No. 68 (Newport Shores) Section VI This section provides the following information: A. Description of facilities B. Right -of -Way Certificate C. Environmental Certificate This report is submitted on this 1st day of June 2004 David L. Hunt, P.E. (CE 305'.4; Assessment Engineer City of Newport Beach State of California ` MuniFinancial Page 2 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) CERTIFICATIONS I HEREBY CERTIFY that the enclosed Engineer's Report, together with the Assessment and Assessment Diagram thereto attached received preliminary approval by the City Council of the City of Newport Beach, California on this day of , 2004 Clerk of the City Council, City of Newport Beach, California I HEREBY CERTIFY that the Engineer's Report, together with the Assessment and Assessment Diagram thereto attached received final approval and confirmation by the City Council for the City of Newport Beach, California, on the day of 12004. Clerk of the City Council, City of Newport Beach, California MuniFinancial Page 3 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) Section I Plans and Specifications The Plans and Specifications to construct the utility undergrounding improvements and any ancillary improvements thereof, for Assessment District No. 68 (Newport Shores), are voluminous and will not be bound in this Report, but by this reference are incorporated as if attached to said Report. The utility undergrounding Plans and Specifications are on file and available for review in the office of the Superintendent of Streets for the City of Newport Beach. MuniFinancial Page 4 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) Section II Cost Estimate The Cost Estimate is located on the nest page. MuniFinancial Page 5 City of Newport Beach ENGINEER'S REPORT CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) Section II - Cost Estimate Telephone Construction Costs TOTAL SEC Communications AMOUNT CONSTRUCTION COSTS 233,154.15 Electrical Construction Costs 60.000.00 Southern California Edison $2,475,636.00 Street Rehabilitation 700,800.00 Street Rehabilitation Contribution (175,200.00) Contingency (15 %) 450,185.40 Edison Design Engineering 60.000.00 Sub Total $3.511,421.40 Telephone Construction Costs SEC Communications $1,554,361.00 Contingency (15 %) 233,154.15 SEC Communications Design Engineering 60.000.00 Sub Total $1,847,515.15 Total Construction Costs $5,358,936.55 INCIDENTAL EXPENSES 3,000.00 Assessment Engineering $37,635.00 Disclosure Counsel 23,500.00 City Administration 75,000.00 Construction Inspection 30,000.00 Financial Advisor 30,000.00 Filing Fees 5,000.00 Bond Counsel 35,000.00 Paying Agent 3,000.00 Financial Printing, Registration & Servicing 16,000.00 Incidental Continaencv f10%) 28.348.33 Sub Total $283,483.33 Total Construction Costs & Incidental Expenses $5,642,419.88 FINANCING COSTS (1st Bond Issue) Underwriters Discount (1.1 %) $67,540.00 Reserve Fund /Credit Enhancement (7 %) 429,800.00 Financing Continaencv 240.12 Sub Total $497,580,12 DISTRICT FORMATION AMOUNT TO ASSESSMENT $6,140,000.00 FEDERAL INCOME TAX COMPONENT OF CONTRIBUTION (ITCC) 2nd Bond Issue - Only necessary if Federal Government requires the tax payment' INCIDENTAL & FINANCING COSTS (2nd Bond Issue) ITCC Portion $544,639.92 Bond Counsel 10,000.00 Disclosure Counsel 25,000.00 Paying Agent 3,000.00 Underwriters Discount (1.1 %) 7,260.00 Reserve Fund (7 %) 46,200.00 Capitalized Interest (6.25% for 6 months) 20,625.00 Bond Issuance Contingency 3,275,08 Total $660,000.00 TOTAL FEDERAL TAX, INCIDENTAL AND FINANCING COSTS $660,000.00 TOTAL AMOUNT TO ASSESSMENT (Both Bond Issues) $6,800,000.00 2nd bond issue for Federal Income Tax Component of Contribution (22 %) and will only be issued if the Federal Government requests the payment of the gage 6 AS CONFIRMED ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) Section III Assessment Roll and Method of Assessment Spread ASSESSMENT WHEREAS, On the day of 2004; the Cin' Council of the City of Newport Beach, State of California, under the Municipal InzprovementAct of 1913 (the "Act "), being Division 12 of the Streets and Highways Code of the State of California, adopted its Resolution of Intention, Resolution No. 2004-, for the installation and construction of certain public improvements togetherwith appurtenances and appurtenant work in connection therewith, for a Special Assessment District known and designated as Assessment District No. 68 (Newport Shores); and WHEREAS, said Resolution of Intention, as required X10204 of the Act, did direct the Engineer of Work to make and file a "Report', consisting of the following: 1. Plans and Specifications 2. Cost Estimates 3. Assessment Diagram detailing Assessment District No. 68 (Newport Shores) and the subdivisions of land therein 4. A proposed assessment of costs and expenses of the Works of Improvement levied upon theparcels within Assessment District No. 68 (Newport Shores) boundaries. 5. The proposed maximum annual assessment to be levied upon each subdivision or parcel of land within Assessment District No. 68 (Newport Shores) to pay costs incurred by the City and not otherwise reimbursed resulting from the administration and collection of assessments or from administration and registration of any associated bonds and reserve or otherwise related funds. For specifics, reference is made to the Resolution of Intention as previously adopted. NOW, THEREFORE, I, David L. Hunt, P.E., the authorized representative of MumFinancial, pursuant to Article HID of the California Constitution and the `Municipal Improvement Act of 1913 ", do hereby submit the following assessment to cover the portion of the estimated cost of the Improvements and the costs and expenses incidental thereto to be paid by the assessments: 1. Pursuant to the provisions of the Act and the Resolution of Intention I do hereby assess and apportion the Balance to Assessment of the Total Cost of the acquisitions, work and improvements upon the several lots, pieces orparcel or portions of lots or subdivisions of land liable therefore and specially benefited thereby, and hereinafter numbered to correspond with the numbers upon the attached Assessment Diagram, upon each, severally and respectively, in accordance with the special benefits to be received by such subdivisions, respectively, from the Improvements, and more particularly set forth in the fist hereto attached and by reference made a part hereof. 2. Said assessment is made upon the several subdivisions of land within the Assessment District No. 68 (Newport Shores) in proportion to the estimated special benefits to be received by the MuniFinancial Page 7 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) subdivisions, respectively, from the improvements. As required by the Act, an Assessment Diagram is hereto attached showing the Assessment District and also the boundaries and dimensions of the respective subdivisions of land within the Assessment District as the same existed at the time of the passage of the Resolution of Intention, each of which subdivisions having been given a separate number upon the Assessment Diagram. 3. Each subdivision of land assessed is described in the Assessment Roll by reference to its parcel number as shown on the Assessor's Maps of the County of Orange for fiscal year 2003 -04 and includes all of such parcels excepting those portions thereof within existing public roads or right of way to be acquired in these proceedings for public road purposes. For a more particular description of said property, reference is hereby made to the deeds and maps on file and of record in the office of the County Recorder of the County. 4. Notice is hereby given that serial and /or term improvement bonds to represent unpaid assessments will be issued hereunder in the manner provided by Division 10 of the Streets and Highways Code, the Improvement Bond Act of 1915. Said bonds shall bear interest at a rate not -to- exceed twelve percent (12 %) per annum, or such higher rate of interest as may be authorized by applicable law at the time of sale of such bonds. These bonds shall be issued is such a manner so that they will not exceed the legal maximum term authorized by law, THIRTY -NINE (39) YEARS from the 2nd day of September next succeeding twelve (12) months from their date. 5. Pursuant to the authority- contained in said "Municipal Improvement Act of 1913 ", and by further direction and order of the City Council, I hereby recommend the following assessment to cover costs and expenses of the Works of Improvement for Assessment District No. 68 (Newport Shores) based upon costs and expenses detailed below: Summary of Estimated Costs As Preliminarily Approval As Confirmed & Recorded As Modified After Reconciliation Est. Construction Costs $ 5,358,936.55 Est. Incidental Expenses $ 283,483.33 Est. Financing Costs $ 497,580.12 Est. Federal Tax & Finance Costs $ 660,000.00 Est. Total Cost $ 6,800,000.00 Est. Balance to Assessment $ 6,800,000.00 For specifics as to the individual assessments and their descriptions, reference is made to Table 1 (Assessment Roll) attached hereto. 6. The Method of Spread of Assessment is asset forth in the exhibit identified as Section III (Exhibit 1) which is attached hereto, referenced and so incorporated. MuniFinancial Page 8 City of Newport Beach CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) Section II - Assessment Roll Assessment Assessors Total Assessed Existing LID No Parcel No Value Liens 045- 010 -15 1 408,298.00 0.00 045- 010 -16 2 304,653.00 0.00 045 - 01017 3 650,000.00 0.00 045- 010 -18 4 323,522.00 0.00 045- 010 -20 5 470,830.00 0.00 045- 010 -21 6 419,1]].00 0.00 045- 010 -22 7 456.319.00 0.00 045- 010 -23 8 384,262.00 0.00 045- 010 -26 9 349.831.00 0.00 045- 051 -09 10 606.161.00 0.00 045- 051 -10 11 48].94].00 0.00 045- 051 -11 12 440,994.00 0.00 045- 051 -12 13 393.139.00 0.00 045- 051 -13 14 306,412.00 0.00 045- 052 -03 15 3]0,]81,00 0.00 045- 052 -04 16 361,454.00 0.00 045- 052 -05 17 69,792.00 0.00 045- 052 -06 18 435,095.00 0.00 045- 052 -08 19 449,000.00 0.00 045- 052 -09 20 309,696.00 0.00 045- 05240 21 144,476.00 0.00 045- 05241 22 317.680.00 0.00 045- 052 -12 23 321,166.00 0.00 045 - 052 -13 24 72,230.00 0.00 045- 052 -14 25 603,432.00 0.00 045 - 053 -02 26 389,872.00 0.00 045 - 053 -03 27 389,872.00 0.00 045- 053 -05 28 43] 444.00 0.00 045- 053 -06 29 343,616.00 0.00 045- 053 -10 30 366,115.00 0.00 045- 053 -12 31 810,000.00 0.00 045- 053 -13 32 340,330.00 0.00 045- 053 -17 33 134,605.00 0.00 045- 053 -18 34 242,398.00 0.00 045- 053 -19 35 123,531.00 0.00 045- 053 -20 36 395,086.00 0.00 045- 053 -21 37 599,582.00 0.00 045- 053 -23 38 392.646.00 0100 045- 053 -24 39 110,019.00 0.00 045 - 053 -25 40 116,]11.00 0.00 045 - 053-26 41 509.244.00 0.00 045 - 053-27 42 119,209.00 0.00 045- 053 -28 43 58,335.00 0.00 045- 053 -29 44 139,491.00 0.00 045- 053 -30 45 174,774.00 0.00 045- 053 -31 46 128,472.00 000 045 - 05332 47 111,084.00 0.00 045- 053 -33 48 356,83100 0.00 045- 053 -34 49 268,283.00 0.00 045- 053 -35 50 313,795.00 0.00 045- 053 -36 51 220,227.00 0.00 045- 053 -37 52 51,395.00 0.00 045- 053 -38 53 51,395.00 0.00 045- 053 -39 54 235,924.00 0.00 045 - 05340 55 310,990.00 0.00 045- 053 -41 56 217,359.00 0.00 045 -053A2 57 443,700.00 0.00 045 -053A5 58 75.420.00 0.00 045- 054 -26 59 244,055.00 0.00 045. 054 -27 60 685,000.00 0.00 045- 054 -28 61 550,800.00 0.00 045 - 054 -29 fit 321.166.00 0.00 045- 054 -30 63 315,430.00 0.00 045 - 054 -31 64 528,523.00 0.00 045 - 054 -32 65 108,704.00 0.00 045 - 054 -33 66 315,886.00 0.00 045 - 054 -34 67 72,542.00 0.00 INITIAL BOND ISSUE As As Preliminarily Confirmed Approved and Recorded $0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1],66].50 1],66].50 1].66].50 1].66].50 1].66].50 10,56].18 10.56].18 10.56].18 8.833.]5 10.56].18 10.56].18 10.56].1] 10.567.1] 10.56].1] 10,56].1] 10.56].1] 10.567.17 10.567.1] 10.56].1] 10,56].1] 10,56].1] 10.567.1] 10.56].17 10.56].1] 10.567.1] 10.56].1] 10.56].1] 10.56].1] 10.56].1] 10,56].1] 10,56].1] 10,56].1] 10.56].1] 10,56].1] 10,56].1] 10,56].1] 10.56].1] 10,56].1] 8,833.]4 8,833.]4 8,833.]4 8,833.]4 8.833.]4 8.833.]4 8.833.]4 8.833.]4 8.833.]4 8.833.]4 10.567.1] 8.833.]4 8,833.]4 8,833.]4 8,833.]4 8.833.]4 8.833.]4 8,833.74 8,833.74 8,833.74 Page 8 -1 TOTAL BOND ISSUE (1st and 2nd Bond Issues) As As Preliminarily Confirmed AAp rn oved and Recorded $0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19,]94.61 19,]94.61 19,]94.61 19,]94.61 19,]94.61 11,630.]4 11,630.]4 11,630.]4 9,89].31 11,630.74 11,630.]4 11,630.]3 11,630.]3 11.630.73 11,630.]3 11,630.]3 11,630.]3 11,630.]3 11,630.]3 11,630.]3 11,630.]3 11,63M3 11,630.]3 11,630.]3 11,630.]3 11.630.]3 11,630.]3 11,630.]3 11,630.73 11,630.]3 11,630.73 11,630.]3 11,630.73 11,630.73 11,630.]3 11,630.73 11,630.]3 11,630.]3 9,897.30 9,89].30 9,89].30 9.89].30 9,89].30 9,89].30 9,89].30 9.897.30 9.89].30 9,897.30 11.630.73 9,89].30 9,89].30 9,89].30 9,897.30 9,89].30 9,89].30 9,89].30 9,89].30 9.89].30 Value - to -Lien No No Na Na Na Na Na ala Na 34.31 2].62 24.96 22.25 17.34 35.09 3421 6.60 49.25 42.49 29.31 13.6] 30.06 30.39 6.84 57.10 36.89 36.89 41.40 32.52 34.65 ]6.65 32.21 12.74 22.94 11.69 3].39 56.74 3].16 10.41 11.04 48.19 11.28 5.52 13.20 16.54 12.16 10.51 40.39 30.3] 35.52 24.93 5.82 5.82 26.71 35.20 24.61 50.23 7.14 2].63 ]].54 62.35 36.36 35.]1 59.83 12.31 35.]6 8.21 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) Section It - Assessment Roll Assessment Assessors Total Assessed Existing 1.0_No P rc� el No,, Value Liens 045- 054 -35 68 71,352.00 0.00 045- 054 -36 69 72,607.00 0.00 045- 055 -01 70 382,934.00 0.00 045- 055 -02 71 38.894.00 0.00 045- 055 -03 72 71.856 00 0.00 045- 055 -05 73 391,283.00 0.00 045- 055 -06 74 637,500.00 0.00 045 - 055 -08 75 354,901.00 0.00 045 - 055 -25 76 714,000.00 0.00 045- 055 -26 77 440.535.00 0.00 114- 661 -11 78 - 0.00 045- 055 -28 79 345.953.00 000 045- 055 -29 80 363,761.00 000 045- 055 -30 81 523.680.00 0.00 045- 055 -31 82 418.327.00 0.00 045- 055 -32 83 385,920.00 0.00 045- 055 -33 84 816,000.00 0.00 045 - 055 -34 85 368.45100 0.00 045- 055 -35 86 485.094.00 0.00 045 - 055 -36 87 357.226.00 0.00 045- 055 -37 88 478.808.00 0.00 045- 055 -38 89 432,972.00 0.00 045- 055 -39 90 507.715.00 0.00 045. 055 -40 91 799.000.00 0.00 045- 055 -41 92 498.153.00 0.00 045 -055 -02 93 622,200.00 0.00 045- 055 -43 94 349.842.00 0.00 045 -055 -04 95 389.353.00 0.00 045- 055 -45 96 312,396.00 0.00 045- 055 -46 97 144,305.00 0.00 045 - 055 -47 98 510,361.00 0.00 045- 055 -48 99 114,773.00 0.00 045- 055 -49 100 383.348.00 0.00 045- 055 -51 101 409.696 00 0.00 045 - 055 -52 102 487.197.00 0.00 045 - 055 -53 103 738.684.00 0.00 045 - 055 -54 104 397,953.00 0.00 045- 055 -55 105 549334.00 0.00 045- 055 -56 106 487,486.00 000 045- 055 -57 107 88,677.00 0.00 045- 055 -58 108 135.162.00 0.00 045- 055 -59 109 836,400.00 0.00 045- 055 -60 110 811,308.00 0.00 045 - 055 -61 111 381,404.00 0.00 045- 055 -62 112 170,072.00 0.00 045- 056 -32 113 391.298.00 0.00 045 - 056 -33 114 195,096.00 0.00 045 - 056 -34 115 338,236.00 0.00 045- 061 -06 116 295,146.00 0.00 045- 061 -10 117 429,655.00 0.00 045- 061 -11 118 107,640.00 0.00 045- 061 -12 119 75,109.00 000 045- 061 -13 120 452,599.00 000 045 - 061 -14 121 456,319.00 0.00 045- 061 -15 122 324,729.00 0.00 045- 061 -16 123 366,678.00 0.00 045- 061 -17 124 106,203.00 0.00 045 - 061 -18 125 234,598.00 0.00 045- 061 -19 126 328.593.00 0.00 045- 061 -20 127 74,923.00 0.00 045- 061 -22 128 419,194.00 0.00 045- 061 -24 129 75,420.00 0.00 045 - 061 -25 130 298,007.00 0.00 045- 061.26 131 124,758.00 0.00 045- 061 -27 132 307,209.00 0.00 045 - 061.28 133 61.906.00 0.00 045- 061.29 134 598.230.00 0.00 INITIAL BOND ISSUE As As Preliminarily Confirmed Approved and Recorded 8.833.74 8.833.74 8,833.74 8,833.74 8,833.74 8,833.74 8,833.74 8.833 .74 8.833.74 8,833.74 0.00 8,833.74 8,833.74 8,833.74 8,833.74 8.833.74 8,833.74 8,833.74 8,833.74 8,833.74 8,833.74 8,833.74 8,833.74 8,833.74 8,833.74 8.833.74 8,833.74 8,833.74 8,833.74 8,833.74 8,833 .74 8,833.74 8,833.74 8,833.74 8,833.74 8.833.74 8,833.74 8,833]4 8,833.74 8,833.74 8.833.74 8.833.74 8.833.74 8.833.74 8,833.74 10,567.17 10,567.17 10.567.17 10.567.17 10,567.17 10,567.17 10,567.17 10.567.17 10.567.17 10.567.17 10,56].17 10,567.17 10,567.17 10567.17 10,567.17 10,567.17 10.567.17 10,567.17 10.567.17 10,567.17 10,567.17 10,567.17 Page 8 -2 TOTAL BONO ISSUE (1st and 2nd Bond Issues) As As Preliminarily Confirmed Apprc!ed and Recorded 9,897.30 9.897.30 9,897.30 9,89].30 9,897.30 9,897.30 9,89730 9,897.30 9.897.30 9,897.30 0.00 9,897.29 9,897.29 9.897.29 9.897.29 9,897.29 9,897.29 9,897.29 9,89].29 9,897.29 9,897.29 9.897.29 9.897.29 9,897.29 9,897.29 9,897.29 9.897.29 9,897.29 9,897.29 9.897.29 9.897.29 9,897.29 9,89].29 9,897.29 9,897.29 9,897.29 9,897.29 9,897.29 9,897.29 9,897.29 9,897.29 9,897.29 9,897.29 9,897.29 9,897.29 11.630.72 11,630.]2 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.]2 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11 630.72 11,630.72 11,630.72 11.630.72 Value - to -Lien 8.08 8.22 43.35 4.40 8.13 44.29 72.17 40.18 80.83 49.87 n/a 39.16 41.18 59.28 47.36 43.69 92.37 41.71 54.91 40.44 54.20 49.01 57.47 90.45 56.39 70.43 39.60 44.08 35.36 16.34 57.77 12.99 43.40 46.38 55.15 8362 45.05 62.19 55.18 10.04 15.30 94.68 91.84 43.18 19.25 3].03 18.46 3201 . 27.93 40.66 10.19 7.11 42.83 43.18 30.73 34.70 10.05 22.20 31.10 7.09 39.67 7.14 28.20 11.81 29.07 5.86 56.61 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) Section II - Assessment Roll Assessment Assessors Total Assessed Existing LD_No. Parcel Na. Value Liens 045- 061 -30 135 528,360.00 0.00 045- 061 -31 136 231,316.00 0,00 045- 061 -32 137 448,627.00 0.00 045- 061 -33 138 265,866.00 0.00 045- 061.36 139 349,835.00 0.00 045- 061 -37 140 383,180.00 0.00 045- 061 -38 141 560,000.00 0.00 045- 062 -07 142 102,078.00 0.00 045- 062 -08 143 60,718.00 0.00 045- 062 -09 144 265,388.00 000 045- 062 -10 145 545,000.00 000 045- 062 -11 146 421354.00 0.00 045- 062 -12 147 415,749.00 0.00 045- 062 -13 148 100,695.00 0.00 045- 062 -15 149 75,420.00 0.00 045. 062 -16 150 70,103.00 0.00 045- 062 -17 151 209,681.00 0.00 045- 062 -18 152 251363.00 0.00 045- 062 -19 153 67,330.00 0.00 045- 062 -20 154 265,689.00 0.00 045- 062 -21 155 591,600.00 0.00 045- 062 -22 156 378,850.00 0.00 045- 062 -23 157 190,492.00 0.00 045- 062 -25 158 61,906.00 0.00 045- 062 -26 159 381,404.00 0.00 045- 062 -27 160 559,980.00 0.00 045- 063 -04 161 197,775.00 0.00 045- 063 -05 162 K281.00 0.00 045- 063 -06 163 60,154.00 0.00 045- 063 -07 164 464,018.00 0.00 045- 063 -08 165 452,387.00 0.00 045- 063 -09 166 99.946.00 0.00 045- 063 -10 167 312,952.00 0.00 045 - 063 -11 168 280.659.00 0.00 045 - 063 -12 169 113,403.00 0.00 045 - 063 -13 170 634,644.00 0.00 045- 063 -15 171 291,054.00 0.00 045- 063 -16 172 324,729.00 0.00 045- 063 -18 173 269,550.00 0.00 045- 063 -19 174 365211.00 0.00 045- 063 -20 175 347.274.00 0.00 045- 063 -21 176 58281.00 0.00 045- 063 -22 177 442,170.00 0.00 045 - 063 -23 178 207247.00 0.00 045 - 063 -24 179 225,490.00 0.00 045 - 064 -05 180 378,850.00 0.00 045 - 064 -10 181 101,633.00 0.00 045- 064 -11 182 484,500.00 0.00 045 - 064 -12 183 226,866.00 0.00 045 - 064 -13 184 418,943.00 0.00 045- 064 -14 185 240,615.00 0.00 045 - 064 -16 186 275,510.00 0.00 045 - 064 -18 187 378,850.00 0.00 045 - 064 -19 188 530,400.00 0.00 045- 064 -20 189 408,000.00 0.00 045 - 064 -21 190 226,866.00 0.00 045- 064 -22 191 324,727.00 0.00 045 - 064 -23 192 225,115.00 0.00 045- 064 -24 193 249,637.00 0.00 045- 064 -25 194 391,382.00 0.00 045- 064 -26 195 410,975.00 0.00 045. 064.27 196 270,791.00 0.00 045- 064.28 197 252,319.00 0.00 045- 064 -29 198 359,167.00 0.00 045- 064 -30 199 113,711.00 0.00 045 - 064 -31 200 374,453.00 0.00 045 - 064 -32 201 383,595.00 0.00 INITIAL BOND ISSUE As As Preliminarily Confirmed Approved and Recorded 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 8,833 .74 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 Page 8 -3 TOTAL BOND ISSUE (1st and Sod Bond Issues) As As Preliminarily Confirmed Appn,�ed and Recorded 11,630.72 11,630.72 11,630.72 11.630.72 11,630.72 11,630.72 11.630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11 630.72 11,630,72 11,630.72 11,630.72 9,89729 11,630.72 11,630.72 11,630.72 11 630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 Value - to -Lien 50.00 21.89 42.45 25.16 33.11 36.26 52.99 9.66 5.75 25.11 51.57 40.06 39.34 9.53 7.14 6.63 19.84 23.98 6.37 25.14 55.98 35.85 18.03 5.86 36.09 52.99 18.72 5.52 5.69 43.91 42.81 9.46 29.62 26.56 10.73 60.06 27.54 36.76 25.51 34.56 32.86 5.52 41.84 19.61 21.34 35.85 9.62 45.85 21.47 39.65 22.77 26.07 35.85 50.19 38.61 21.47 30.73 21.30 23.62 37.04 38.89 25.63 23.88 33.99 10.76 35.44 36.30 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) Section II - Assessment Roll Assessment Assessors Total Assessed Existing I.DNo. Parcel No. Value liens 045- 064 -33 202 74,792.00 0.00 045- 064.34 203 499,392.00 0.00 045 - 064 -35 204 675,000.00 0.00 045- 064 -36 205 95,718.00 0.00 045- 065 -06 206 107,106.00 0.00 045 -065 -07 207 382,500.00 0.00 045 -065 -08 208 206,241.00 0.00 045- 065 -09 209 305,121.00 0.00 045- 065 -10 210 102,200.00 0.00 045- 065 -11 211 384,948.00 0.00 045- 065 -12 212 101,514.00 0.00 045 - 065 -13 213 555,900.00 0.00 045- 065.14 214 106,010.00 0.00 045- 065 -15 215 346,377.00 0.00 045- 065 -16 216 60.777.00 0.00 045- 065 -17 217 367,917.00 0.00 045- 065 -18 218 153,679.00 0.00 045- 065.20 219 269,600.00 0.00 045- 065 -21 227 213,851.00 0.00 045- 065 -23 221 215,976.00 0.00 045- 065 -24 222 357,201.00 0.00 045- 065 -25 223 129,351.00 0.00 045- 065 -26 224 153,935.00 0.00 045- 065.27 225 340,965.00 0.00 045 - 065 -29 226 105,013.00 0.00 045- 065 -30 227 320.378.00 0.00 045- 065 -31 228 371,273.00 0.00 045- 065 -32 229 427,604 00 0.00 045- 065 -33 230 223,027.00 0.00 045- 065 -34 231 394,785.00 0.00 045- 065 -35 232 117,482.00 0.00 045- 065 -36 233 377,137.00 0.00 045- 065 -37 234 68,606.00 0.00 045- 065 -38 235 335.553.00 0.00 045- 065 -39 236 76,173.00 0.00 045- 065 -40 237 65.659.00 0.00 045 -06541 238 350,853.00 0.00 045- 066 -07 239 419,690.00 0.00 045- 066 -08 240 241,830.00 0.00 045- 066 -09 241 92,006.00 0.00 045- 066 -10 242 86.498.00 0.00 045- 066 -11 243 453,614.00 0.00 045- 066 -12 244 615,060.00 0.00 045- 066 -13 245 360,201.00 0.00 045- 066 -14 246 629,744.00 0.00 045- 066 -15 247 223,428.00 0.00 045- 066 -16 248 87.230.00 0.00 045- 066 -17 249 166,842.00 0.00 045- 066 -18 250 108,516.00 0.00 045- 066 -19 251 132,601.00 0.00 045- 066 -20 252 395,080.00 0.00 045- 066 -22 253 453,974.00 0.00 045- 066 -23 254 472108.00 0.00 045- 066 -24 255 456,319.00 0.00 045- 066 -25 256 308,516.00 0.00 045- 066 -26 257 223,428.00 0.00 045- 066 -27 258 482,888.00 0.00 045- 066 -28 259 331.688.00 0.00 045- 066 -29 260 342,848.00 0.00 045- 066 -30 261 47,693.00 0.00 045- 066 -31 262 465,120.00 0.00 045- 066 -32 263 54,812.00 0.00 045- 066 -33 264 413.430.00 0.00 045- 066 -34 265 415,091.00 0.00 045. 066.35 266 250,738.00 0.00 045- 066 -36 267 264,316.00 0.00 045- 066 -37 268 465,604.00 0.00 INITIAL BOND ISSUE As As Preliminarily Confirmed Aperoved and Recorded 10,567.17 10,567.17 10,567.17 10,567.17 10.567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10.567.17 10,567 17 10,567.17 8,833.74 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10.567.17 10.567.17 10,567.17 10,567.17 10,567.17 10,567.17 10.567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 8,833.74 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567 17 10.567.17 10.567.17 10.567.17 10,567.17 10,567.17 10.567.17 10,567.17 Page 8 -4 TOTAL BOND ISSUE (1st and 2nd Bond Issues) As As Preliminarily Confrmed Aperoved and Recorded 11,630.72 11.630.72 11.630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11 630.72 11,630.72 11,630.72 11 630.72 11 630.72 11.630.72 11.630.72 9.897.29 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11.630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11.630 72 11,630.72 11,630.72 11,630.72 11,630.72 11.630.72 11.630.72 11,630 72 11,630.72 11,630.72 11.630.72 11,630.72 9,897.29 11,630.72 11.630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11,630.72 11.630.72 11,630.72 11.630 72 11,630.72 Value - to -Lien 7.08 47.26 63.88 9.06 10.14 36.20 19.52 28.87 9.67 36.43 9.61 52.61 10.03 32.78 5.75 34.82 17.40 25.51 20.24 20.44 33.80 12.24 14.57 32.27 9.94 30.32 35.13 40.47 21.11 37.36 11.12 35.69 6.49 31.75 7.21 6.21 33.20 39.72 22.89 8.71 8.19 42.93 58 20 3409 59.59 21 14 8.25 15.79 10.27 12.55 37.39 42.96 44.68 51.66 29.20 21.14 45.70 31.39 32.44 4.51 44.02 519 39.12 39.28 23.73 25.01 4406 CITY OF NEWPORT BEACH Underground Assessment District No. 681Newport Shores) Section II - Assessment Roll Assessment Assessors Total Assessed Existing LID No Parcel NO Value Liens 045 - 066 -38 269 445,707.00 0.00 045 - 066 -39 270 611.235.00 0.00 045 - 066 -40 271 411430.00 0.00 045 - 066 -41 272 562,962.00 0.00 045 - 066 -42 273 483.308.00 0.00 045 - 066 -43 274 618,697.00 0.00 045 - 066 -44 275 503,330.00 0.00 045 - 066.45 276 572.220.00 0.00 045 - 066 -46 277 285,983.00 0.00 045 - 066 -47 278 88,807.00 0.00 045 - 066 -48 279 734,40000 0.00 045 - 066 -49 280 143,987.00 0.00 045 - 066 -50 281 297M2.00 0.00 045 - 066 -51 282 461,059.00 0.00 045 - 066 -52 283 376,919.00 0.00 045 - 066 -53 284 603,179.00 0.00 045 - 067 -02 285 591,600.00 0.00 045 - 067 -06 286 429,789.00 0.00 045 - 067 -10 287 105,576.00 0.00 045 -06742 288 104,385.00 0.00 045 - 067 -13 289 403.951.00 0.00 045 - 067 -14 290 101,320.00 0.00 045 - 067 -15 291 253,019.00 0.00 045 - 067 -16 292 470,857.00 0.00 045 - 067 -17 293 297,358.00 0.00 045 - 067 -18 294 335.636.00 0.00 045 - 067 -19 295 102,326.00 0.00 045 - 067 -20 296 59,527.00 0.00 045 - 067 -21 297 176,699.00 0.00 045 - 067 -22 298 382,048.00 0.00 045 - 067 -23 299 446.331.00 0.00 045 - 067 -24 300 197.785.00 0.00 045 - 067 -25 301 480,420.00 0.00 045 - 067 -26 302 254,367.00 0.00 045 - 067 -27 303 293,715.00 0.00 045 - 067 -28 304 59.527.00 0.00 045 - 067 -29 305 488,155.00 0.00 045 - 067 -30 306 101,320.00 0.00 045 - 067 -31 307 76.901.00 0.00 045 - 067 -32 308 66,668.00 0.00 045 - 067 -34 309 301256.00 0.00 045 - 067 -35 310 110,828.00 0.00 045 - 067 -37 311 442,170.00 0.00 045 - 067 -38 312 477,360.00 0.00 045 - 067 -39 313 321.166.00 0.00 045 - 067 -40 314 435,095.00 0.00 045 - 067 -41 315 412.842.00 0.00 045 - 067 -42 316 442.170.00 000 045 - 067 -43 317 419.194.00 0.00 045 - 067 -44 318 415,383.00 0.00 045 - 067 -45 319 366,251.00 0.00 045 - 067 -46 320 422,410.00 0.00 045 - 067 -47 321 100,910.00 000 045 -067 -48 322 101,633.00 0.00 045 - 067 -49 323 67,286.00 0.00 045 - 067 -50 324 370,432.00 0.00 045- 067 -51 325 402,406.00 0.00 045 - 067 -52 326 224,389.00 0.00 045- 067 -53 327 455,695.00 0.00 045- 067 -54 328 368,026.00 0.00 045- 067 -55 329 108,262.00 0.00 045- 067 -56 330 387,621.00 0.00 045 - 067 -57 331 219,989.00 0.00 045 - 071 -18 332 185.839.00 0.00 045 - 071 -20 333 381.009.00 0.00 045 - 071 -22 334 520,924.00 0.00 045 - 071 -23 335 150,014.00 0.00 INITIAL BOND ISSUE As As Preliminarily Confirmed Approved and Recorded 10,567.17 8.833.74 8.833.75 8.833.75 8.833.75 8,833.75 8,833.75 8.833.75 8,833.75 8,833.75 8,833.75 8,833.75 8.833.75 8,833.75 8,833.75 8,833.75 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10.567.18 10,567.18 10,567.18 10,567.18 10 667.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 8,833.75 10,567.18 10.567.18 10.567.18 10,567.18 10,567.18 10,567.18 10.567.18 10,567.18 10,567.18 10,567.18 10.567.18 14567.18 10,567.18 14567.18 14567.18 10.567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10.567.18 10.567.18 10,567.18 Page 8 -5 TOTAL BONO ISSUE (1st and 2nd Band Issues) As As Preliminarily Confirmed Approved and Recorded 11.630.72 9.897.29 9.897.30 9,897.30 9.897.30 9,897.30 9.897.30 9.897.30 9,897.30 9.897.30 9,897.30 9,897.30 9,897.30 9,897.30 9,897.30 9,897.30 11,630.73 11,630.73 11.630.73 11,630.73 11,630 73 11,630.73 11,630.73 11,630.73 11.630.73 11,630.74 11.630.74 11,630.74 11.630.74 11.630.74 11,630.74 11,630.74 11 630.74 11,630.74 11,630.74 11.630.74 11.630.74 11,630.74 11.630.74 11,630.74 11,630.74 9.897.31 11.630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11.630.74 11,630.74 11 630.74 11 630.74 11.630.74 11,630.74 11 630.74 11.630.74 11,630.74 11,63074 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11.63074 Value - to -Lien 42.18 69.19 46.80 63.73 54.71 70.04 56.98 64.78 32.37 10.05 83.14 16.30 33.70 52.19 42.67 68.28 55.98 40.67 9.99 9.88 38.23 9.59 23.94 44.56 28.14 31.76 9.68 5.63 16.72 36.15 42.24 18.72 45.46 24.07 27.80 5.63 46.20 9.59 7.28 6.31 28.70 12.55 41.84 45.17 30.39 41.17 39.07 41.84 39.67 39.31 34.66 39.97 9.55 9.62 6.37 35.05 38.08 21.23 43.12 34.83 10.25 36.68 20.82 17.59 36.06 49.30 14.20 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) Section II - Assessment Roll Assessment Assessors Total Assessed Existing LD. No Parcel No Value Liens 045 - 071 -24 336 216,553.00 0.00 045 -071,25 337 65,482.00 0.00 045 - 071 -26 338 210,438.00 0.00 045 - 071 -27 339 59,524.00 0.00 045 - 071 -28 340 289,597.00 0.00 045 - 071 -31 341 108,580.00 0.00 045 - 071 -32 342 112,205.00 0.00 045 - 071 -35 343 427,934.00 0.00 045 - 071 -36 344 259,766.00 0.00 045- 071 -37 345 346,390.00 0.00 045- 071 -38 346 423,300.00 0.00 045- 071 -39 347 488,988.00 0.00 045- 071 -40 348 54,904.00 0.00 045071 -41 349 342,538.00 0.00 045- 071 -42 350 434,520.00 0.00 045- 071 -43 351 435,095.00 0.00 045- 071 -44 352 374,844.00 0.00 045- 071 -46 353 329.957.00 0.00 045 - 071 -47 354 612.000.00 0.00 045 - 071 -50 355 85,932.00 0.00 045 - 071 -52 356 77,176.00 0.00 045 - 071 -53 357 84,55800 0.00 045 - 071 -54 358 445,175.00 0.00 045071 -55 359 459,502.00 0.00 045 - 071 -56 360 116,520.00 0.00 045 - 071 -57 361 228 779.00 coo 045 - 071 -58 362 637,500.00 0.00 045 - 072 -07 363 140.614.00 0.00 045 - 072 -09 364 331,688.00 0.00 045 - 072 -12 365 340,331.00 0.00 045 - 072 -15 366 270,149.00 0.00 045 - 072 -16 367 336,258.00 0.00 045 - 072 -17 368 258,079.00 0.00 045 -07248 369 214,289.00 0.00 045 -07249 370 221,380.00 0.00 045.072.20 371 425,850.00 0.00 045 - 072 -21 372 254,403.00 0.00 045 - 072 -22 373 400,554.00 0.00 045 - 072 -23 374 535.000.00 0.00 045 - 072 -24 375 520,200.00 0.00 045 - 072 -25 376 442,170.00 0.00 045 - 072 -26 377 86,496.00 0.00 045 - 072 -28 378 606,900.00 0.00 045 - 07229 379 328,591.00 0.00 045 - 072 -30 380 380X45.00 0.00 045 - 072 -31 381 659.500.00 0.00 045 - 072 -32 382 295.487.00 0.00 045 - 07233 383 567,282.00 0.00 045- 072 -34 384 303,961.00 0.00 045- 072 -35 385 159,064.00 0.00 045- 072 -36 386 311 445.00 coo 045- 072 -37 387 601800.00 0.00 045- 072 -39 388 286,645.00 0.00 045- 072 -40 389 561816.00 0.00 045 - 072-41 390 471,179.00 0.00 045 - 072 -42 391 317,182.00 0.00 045 - 072 -43 392 158.386.00 0.00 045 - 072 -44 393 670.000.00 0.00 045 - 072 -45 394 387,523.00 0.00 045 - 072 -46 395 640,000.00 0.00 045 - 072 -47 396 425,878.00 0.00 045 - 072 -50 397 276.285 00 0.00 045- 072 -51 398 314.229.00 0.00 045 - 072 -52 399 335.553.00 0.00 045 - 072 -53 400 104.444.00 0.00 045- 072 -54 401 303,956.00 0.00 045 - 072 -55 402 107,642.00 0.00 INITIAL BOND ISSUE As As Preliminarily Confirmed Aloprove tl and Recorded 10,567.18 10.567.18 10,567.18 10.567.18 10,567.18 8.833.75 8,833.75 10,567.18 10,567.18 10,567.18 10.567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10.567.18 10.567.18 10.567.18 10.567.18 10.567.18 10.567.18 8.833.75 10.567.18 10,567.18 10.567,18 10.567.18 10.567.18 10.567.18 10.567 18 10,567.18 10.567.18 10,567.18 10.567.18 10,567.18 10.567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10.567.18 10.567.18 10,567.18 10.567 18 10.567.18 10.567.18 10.567.18 10.567.18 10.567.18 10,567.18 10.567.18 10,567.18 10,567.18 10,567.16 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10.567.18 Page 8 -6 TOTAL BOND ISSUE list and 2nd Bond Issues) As As Preliminarily Confirmed AAppoved and Recorded 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 9.897.31 9,897.31 11 630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 9,897.31 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11.630.74 11.630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,63074 11,630.74 11,630 .74 11,63074 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 Value - to -Lien 20.49 6.20 19.91 5.63 27.41 12.29 12.70 40.50 24.58 32.78 40.06 46.27 5.20 32.42 41A2 41.17 35.47 31.22 57.92 8.13 7.30 8.00 42.13 43.48 13.19 21.65 60.33 13.31 31.39 32.21 25.56 31.82 24.42 20.28 20.95 40.30 24.07 37.91 50.63 49.23 41.84 8.19 57.43 31.10 35.96 62.41 27.96 53.68 28.76 15.05 29.47 56.95 27.13 53.17 44.59 30.02 14.99 63.40 36.67 60.56 40.30 26.15 29.74 31.75 9.88 28.76 10.19 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) Section II - Assessment Roll Assessment Assessor's Total Assessed Existing I. D. Parcel No. Value Liens 045- 072 -56 403 378.320.00 0.00 045 - 072 -57 404 218.375.00 0.00 045- 072 -58 405 246.608.00 0.00 045- 072 -59 406 242.573.00 0.00 045 - 072 -60 407 398.114.00 0.00 045- 072 -61 408 431.460.00 0.00 045- 072 -62 409 71.700.00 0.00 045- 073 -07 410 59.468.00 0.00 045- 073 -08 411 207478.00 0.00 045 - 073 -09 412 701.257.00 0.00 045 - 073 -10 413 63.600.00 0.00 045 - 073 -11 414 498.000.00 0.00 045 - 073 -12 415 281.651.00 0.00 045 - 073 -13 416 480420.00 0.00 045 - 073 -14 417 55,338.00 0.00 045 - 073 -15 418 217380.00 0.00 045 - 073 -16 419 396.891.00 0.00 045 - 073 -17 420 400.554.00 0.00 045 - 073 -18 421 114.025.00 0.00 045 - 073 -19 422 607.800.00 0.00 045 - 073 -20 423 356.118.00 0.00 045 - 073 -21 424 351.789.00 0.00 045 - 073 -22 425 320.580.00 0.00 045 - 073 -23 426 106274.00 0.00 045 - 073 -24 427 223.193.00 0.00 045 - 073 -25 428 555,000.00 0.00 045 - 073 -26 429 100.526.00 0.00 045 - 07327 430 126.550.00 0.00 045 - 073 -29 431 347,244.00 0.00 045 - 074 -05 432 73.421.00 0.00 045 - 074 -06 433 78,806.00 0.00 045 - 074 -07 434 410.742.00 0.00 045 - 074 -08 435 451,013.00 0.00 045 - 074 -09 436 539,967.00 0.00 045 - 074 -10 437 337,406.00 0.00 045 - 074 -11 438 583,664.00 0.00 045 - 074 -12 439 309,705.00 0.00 045 - 074 -13 440 453,074.00 0.00 045 - 074 -14 441 445.052.00 0.00 045 - 074 -15 442 374 956.00 0.00 045 - 074 -16 443 91,871.00 0.00 045 - 074 -17 444 322,997.00 0.00 045- 074 -18 445 286,147.00 0.00 045 - 074 -20 446 323,178.00 0.00 045- 075 -07 447 240.773.00 0.00 045- 075 -08 448 439.879.00 0.00 045- 075 -09 449 107.706.00 0.00 045- 075 -10 450 535,806.00 0.00 045 - 075 -11 451 178267.00 0.00 045 - 075 -12 452 279.336.00 0.00 045 - 075 -13 453 374M4.00 0.00 045 - 075 -14 454 218,374.00 0.00 045 - 075 -15 455 550,000.00 0.00 045 - 075 -18 456 279.872.00 0.00 045 - 075 -19 457 356.118.00 0.00 045 - 075 -20 458 59,837.00 0.00 045 - 075 -21 459 258.739.00 0.00 045 - 075 -22 460 302.698.00 0.00 045- 075 -23 461 365,472.00 0.00 045- 076 -24 462 479,400.00 0.00 045- 075 -25 463 377,793.00 0.00 045- 075 -26 464 453,074.00 0.00 045- 075 -27 465 479,614.00 0.00 045- 075 -28 466 332,961.00 0.00 045- 075 -29 467 121.216.00 0.00 045 - 075 -30 468 96.820.00 0.00 045 - 075 -31 469 616.299.00 0.00 INITIAL BOND ISSUE As As Preliminarily Confirmed Approve and Recorded 10.567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.18 10,567.17 10.567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10,567.17 10.567.17 10,567.17 10,567.17 10,567.17 10,567.17 10.567.17 8,833.75 8,833.75 8,833.75 8,833.75 8,833.75 8,833.75 8,833.75 8,833.75 8,833.75 8,833.75 8.833.75 8,833.75 8,833.75 8,833.75 8.833.75 10.567.17 10.567.17 10.567.17 10.567.17 10,567.17 10.567.17 10.567.17 10.567.17 10,567.17 10,567.17 10.567.17 10.567.17 10,567.17 10,567.17 10,567.17 10.567.17 10.567.17 10,567.17 8,833.75 8.833.75 8,833 .75 8.833.75 8.833.75 Page 8 -7 TOTAL BOND ISSUE (1st and 2nd Bond Issues) As As Preliminarily Confirmed AAv r� and Recorded 11,630.74 11,630 .74 11,630.74 11,630.74 11,630.74 11,630.74 11,630.74 11,630]4 11,630 .74 11.630]4 11,630J4 11,630.74 11,630.74 11,630.74 11,630J3 11,630.73 11,630.73 11,630.73 11,630.73 11,630.73 11.630.73 11.630.73 11.630.73 11,630.73 11,630.73 11,630.73 11,630.73 11.630.73 11,630.73 9,897.31 9.897.31 9,897.31 9,897.31 9.897.31 9.897.31 9.897.31 9.897.31 9,897.31 9.897.31 9.897.31 9.897.31 9,897.31 9,897.31 9.897.31 11,630.73 11,630.73 11,630.73 11,630.73 11,630.73 11,630.73 11,630.73 11,630.73 11,630.73 11,630.73 11,630.73 11 630.73 11 630.73 11.630.73 11,630.73 11.630.73 11,630.73 11,630.73 9,897.31 9,897.31 9.897.31 9,897.31 9.897.31 Value- to-Lien 35.80 20.67 23.34 22.96 37.67 40.83 6.79 5.63 19.63 9.58 6.02 47.13 26.65 45.46 5.24 20.57 37.56 37.91 10.79 56.95 33.70 33.29 30.34 10.06 21.12 52.52 9.51 11.98 32.86 831 8.92 46.50 51.06 61.13 38.20 66.07 35.06 51.29 50.38 42.45 10.40 36.56 32.39 36.58 22.79 41.63 10.19 50.70 16.87 26.43 35.46 20.67 52.05 26.49 33.70 5.66 24.49 28.65 34.59 45.37 35.75 42.88 54.29 37.69 13.72 10.96 69.77 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) Section II - Assessment Roll Assessment Assessor's Total Assessed Existing I.D. No. Parcel No. Value Liens 045 - 075 -32 470 815,500.00 0.00 045 - 075 -35 471 666,458.00 000 045 - 075 -36 472 484,450.00 0.00 045- 075 -37 473 357,225.00 0.00 045 -07538 474 94,219.00 0.00 045- 081 -07 475 337,552.00 0.00 045- 081 -08 476 116,902.00 0.00 045- 081 -09 477 495,583.00 0.00 045- 081 -14 478 274,990.00 0.00 045- 081 -15 479 485,866.00 0.00 045- 081 -16 480 281,867.00 0.00 045- 081 -17 481 318.471.00 0.00 045- 081 -18 482 530,400.00 0.00 045 - 081 -19 483 357,196.00 0.00 045- 081 -20 484 283,294.00 0.00 045 - 082 -04 485 102.198.00 0.00 045- 082 -05 486 315.430.00 0.00 045 - 082 -06 487 97.572.00 0.00 045 - 082 -07 488 97.386.00 0.00 045- 082 -08 489 359,186.00 0.00 045- 082 -10 490 422.913.00 0.00 045- 082 -11 491 712.980.00 0.00 045- 082 -13 492 296.566.00 0.00 045- 082 -16 493 359,420.00 0.00 045 - 082.17 494 432,420.00 0.00 045- 083 -01 495 350,484.00 0.00 045- 083 -09 496 434,057.00 0.00 045- 083 -10 497 420,563.00 0.00 045- 083 -11 498 322,586.00 0.00 045- 083 -12 499 347,384.00 0.00 045- 083 -13 500 432,972.00 0.00 939 - 720 -01 501 278,866.00 0.00 939 - 720 -02 502 266,708.00 0.00 939 - 720 -03 503 292.164.00 0.00 939 - 720 -04 504 227,667.00 0.00 939 - 720 -05 505 268,609.00 0.00 939 - 720 -06 506 279,266.00 0.00 045- 083 -15 507 89,499.00 0.00 045- 084 -01 508 1,248,480.00 0.00 045- 084 -03 509 225,476.00 0.00 045- 084 -04 510 189.331.00 0.00 045- 084 -06 511 979.200.00 0.00 045- 084 -09 512 630.938.00 0.00 045- 084 -10 513 74,521.00 0.00 045- 111 -15 514 86,636.00 0.00 045- 111 -17 515 181.356.00 0.00 045- 111 -18 516 226,644.00 0.00 045- 111 -19 517 223,027.00 0.00 045 - 111 -20 518 4,658,850.00 0.00 045- 112 -01 519 124,188.00 0.00 045- 112 -08 520 68,417.00 0.00 045 - 112 -09 521 64,599.00 0.00 045 - 112 -10 522 317,650.00 0.00 045- 112.11 523 157,875.00 0.00 045- 113 -01 524 60,292.00 0.00 045.113 -02 525 57,161.00 0.00 045- 113 -03 526 61,295.00 0.00 045- 114 -08 527 129,500.00 0.00 045- 114 -09 528 129,500.00 0.00 045- 114 -13 529 388,840.00 0.00 045- 114 -15 530 867,152.00 0.00 045- 114 -16 531 316,584.00 0.00 045 -11501 532 153.000.00 0.00 045 - 115 -08 533 426,800.00 0.00 045 - 115 -10 534 61,200.00 0.00 114- 661 -01 535 573,855.00 0.00 114- 661 -02 536 590,565.00 0.00 INITIAL BOND ISSUE As As Preliminarily Confirmed Ada rovad and Recorded 8.833.75 8,833.75 8,833.75 8,833.75 8,833.75 8,833.75 8.833.75 8.833.75 0.00 0.00 0.00 8,833.74 0.00 0.00 0.00 17,667.49 17,667.49 17.667.49 17.667.49 8,833.74 17,667.49 17,667.49 8,833.74 0.90 0.00 19,400.93 19,400.93 19,400.93 19,400.93 19,400.93 19,400.93 9,700.47 9,700.47 9,700.47 9.700.47 9.700.47 9,700.47 15,850.77 111,205.25 8,833.75 10.567.18 3,466.87 38,781.53 8,833.75 8,833.75 8,833.75 8,83375 30,653.11 36,836.73 26,501.25 0.00 0.00 48,585.61 22,084.37 0.00 0.00 0.09 4,416.88 0.00 17,667.49 106,004.96 61,836.23 0.00 17,667.49 0.00 0.00 0.00 Page 8 -8 TOTAL BOND ISSUE (1st and 2nd Bond Issues) As As Preliminarily Confirmed Aporoved and Recorded 9,897.31 9,897.31 9.897.31 9,897.31 9,897.31 9,897.31 9.897.31 9.897.31 0.00 0.00 0.00 9,897.30 0.00 0.00 0.00 19,794.60 19,794.60 19794.60 19,794.60 9.89730 19,794.60 19,794.60 9,897.30 0.00 0.00 21,528.04 21,528.04 21,528.04 21,528.04 21,528.04 21,528.04 10,764.03 10,764.03 10764.03 10764.03 10.764.03 10,764.03 17,446.10 123,967.92 9,89731 11 630.74 3,466.87 42,684.78 9,897.31 9,89731 9,897.31 9,897.31 34,343.65 41,271.76 29,691.92 0.00 0.00 54,435.17 24,743.26 0.00 0.00 0.00 4,948.66 0.00 19,794.60 118,767.63 69,281.12 0.00 19,794.60 0.00 0.00 0.00 Value - to -Lien 92.32 75.44 54.84 40.44 10.67 38.21 13.23 56.10 Na Na n/a 36.05 n/a n/a n/a 5.78 17.85 5.52 5.51 40.66 23.94 40.36 33.57 n/a n/a 18.07 22.37 21.68 16.63 17.91 22.32 28.75 27.49 30.12 23.47 27.69 28.79 5.65 11.23 25.52 17.92 282.44 16.27 8A4 9.81 20.53 25.66 7.28 12647 4.69 Na n/a 6.54 7.15 n/a n/a n/a 29.32 n/a 22.01 8.18 5.12 n/a 24.16 ma n/a a/a CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) Section II - Assessment Roll Assessment Assessor's Total Assessed Existing 1,D N. Parcel No Value Liens 114 - 68103 537 129,033.00 0.00 114 - 661 -04 538 673.200.00 0.00 114- 661 -05 539 714,000.00 0.00 114- 661 -06 540 495632.00 0.00 114- 661 -07 541 140,575.00 0.00 114- 662 -01 542 12,246.00 0.00 424 - 431 -03 543 28,938.00 0.00 424 - 431 -04 544 248 831.00 0.00 424 - 432 -01 545 100,701.00 0.00 424 - 432 -02 546 95,818.00 0.00 424 - 432 -03 547 139,798.00 0.00 424 -032 -05 54B 149,386.00 0.00 424 - 432 -06 549 137.072.00 0.00 424 - 432 -07 550 880.258.00 0.00 424 - 432 -08 551 108.141.00 0.00 424 - 432 -09 552 92,459.00 0.00 424 - 432 -10 553 144,742.00 0.00 424 - 433 -01 554 455257.00 0.00 424 - 433 -02 555 427,560.00 0.00 424-433 -03 556 430.000.00 0.00 424433 -04 557 144.487.00 0.00 424 - 433 -05 558 261,241.00 0.00 424 - 433 -08 559 143,047.00 0.00 424 - 433 -09 560 157,503.00 0.00 424 - 433 -11 561 157,310.00 0.00 424 - 433 -12 562 430.000.00 0.00 424 - 433 -13 563 427,560.00 0.00 424 - 434 -01 564 124.343.00 0.00 424 -034 -02 565 25,625.00 0.00 424 - 434 -03 566 323.564.00 0.00 424 - 434 -07 567 395,724.00 0.00 424 - 434 -08 568 343,743.00 0.00 424 - 434 -09 569 295,912.00 0.00 424- 434 -10 570 1,146.588.00 0.00 045- 010 -19 571 0.00 0.00 5]1 PARCELS $185.907,096.00 80.00 INITIAL BOND ISSUE As As Preliminarily Confined Approved and Recorded 0.00 0.00 0.00 0.00 0.00 0.00 0.00 58.119.46 19.400.92 1],66].49 4,416.88 0.00 0.00 0.00 1].66].49 19.400.92 4,416.88 19,400.92 19.400.92 17,66].49 17,667.49 1],66].49 1],66].49 1],66].49 19.400.92 6,625.31 19,400.92 1].66].49 1].66].49 1].66].49 17.66].49 1].66].49 1],66].49 44,16873 0.00 $6.140,000.00 Page B -9 TOTAL BOND ISSUE 0st and 2nd Bond Issues) As As Preliminarily Confirmed Approve tl and Recorded 0.00 0.00 0.00 0.00 0.00 0.00 0.00 63,969.02 21,528.03 19,]94.60 4,948.66 0.00 0.00 0.00 19,]94.60 21.528.03 4,948.66 21.528.03 21,528.03 19,]94.60 19,]94.60 19.]94.60 19.]94.60 19.]94.60 21.528.03 ],422.98 21,528.03 19,]94.60 19,]94.60 19.]94.60 19,]94.60 19794.60 19,]94.60 49,486.51 0.00 $6.800,000.00 Value - to -Lien n/a n/a n/a n/a n/a Na No 4.28 5.19 5A2 31.65 n/a n/a n/a 6.12 4.]] 32.]] 23.4] 22.04 24.34 8.18 14.]9 8.10 8.91 8.11 64.90 22.04 7.04 1.45 18.31 22.40 19.46 16.]5 25.96 n/a 30.28 ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) Table 2 Debt Limit Report Under the Resolution of Intention, the following satisfies the requirements of Part 7.5 of Division 4 of the California Streets and Highways Code: 1. Estimated Balance to Assessment $ 6,800,000.00 2. Unpaid Special Assessments $ Total 1 + 2 $ 6,800,000.00 3. True Value of Parcels** arcels * $ 185,907,096.00 Average Value to Lien Ratio 27.34:1 * Unpaid Special Assessments shall consist of the total principal sum of all unpaid special assessments previously levied or proposed to be levied other than in the instant proceedings. ** True Value of Parcels means the total value of the land and improvements as estimated and shown on the last equalized roll of the County or as otherwise reasonably calculated. Note: As it is not within the purview of this report, nor the responsibility of the Assessment Engineer, this report makes no recommendations on parcel value, economic viability or financial feasibility. CERTIFICATION I, THE UNDERSIGNED Assessment Engineer, do hereby certify that 1. The total amount of the principal sum of the special assessments proposed to be levied, together with the principal amount of previously levied special assessments, as set forth above, do not exceed one -half (' /z) the total true value of the parcels proposed to be assessed; and 2. The proposed assessment amount upon any parcel does not exceed one -half (1/2) of the true value of the parcel. EXECUTED on this 1 st day of June 2004. MuniFinancial David L. Hunt, P.E. (CE 30514) Assessment Engineer City of Newport Beach h State of California ; MuniFinancial Page 9 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) EXHIBIT 1 METHOD AND FORMULA OF ASSESSMENT BACKGROUND Statutes require that assessments levied pursuant to the Municipal Improvement Act of 1913 be based on the estimated special benefit that the properties receive from the Works of Improvement. However, the law does not specify the method or formula that should be used to apportion the assessments in Assessment District proceedings. Further, Articles XIIIC and XIIID of the California Constitution require that only special benefits are assessable, that no assessment may exceed the proportional special benefit conferred on the parcel assessed and that publicly owned parcels shall not be exempt from assessment unless clear and convincing evidence demonstrates that such public owned parcels receive no special benefits from the improvements or services for which the assessment is levied. Special benefit is a particular and distinct benefit over and above general benefits conferred to the public at large on real property located in the Assessment District. General enhancement of property value does not constitute special benefit. Therefore, it is necessary to identify the benefit that the Works of Improvement will render to the properties within the Assessment District. It is also necessary that the properties receive a special and direct benefit as distinguished from general benefit to the general public. The responsibility rests with the Assessment Engineer, who is appointed for the purpose of analyzing the facts and determining the method or formula for apportionment and the assessment obligation to the benefited properties. For these proceedings, the City has retained the firm of MuniFinancial /Willdan as the Assessment Engineer. The Assessment Engineer makes the recommendation for the method and spread of the apportionment at the public hearing. The final authority and action rest with the City Council after hearing all evidence and testimony presented at the public hearing and the tabulation of assessment ballots. Upon conclusion of the public hearing, the City Council must make the final determination as to whether or not the assessment spread has been made in direct proportion to the special benefit received by each parcel within the Assessment District. Ballot tabulation will then be completed, and if a majority of ballots, weighted by assessment amount, are in support of the assessment, then the City Council mav_ establish the Assessment District. SPECIAL BENEFIT Recognizing the special benefit properties receive from the removal of overhead utifity lines and poles, the Certificate of Sufficiency verified that property- owners submitted a petition, signed by sixty -two (62 0/o) percent of the assessable area of property within the Assessment District boundaries. Planned improvements to the entire Assessment District will provide a special benefit as the conversion to the new distribution system will not only be safer, but will enhance service reliability and capacity while improving property aesthetics. MuniFinancial Page 10 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) Further, the construction of these improvements will conform to existing City of Newport Beach, Southern California Edison, SBC Communications and Adelphia Cable standards, applicable to the value of Assessment District parcels, therefore providing a special and direct benefit to said properties. Therefore, 100°,4 of the improvements are considered direct and special benefits only to the specific properties within the Assessment District and general benefit, if any, is tie minimus. METHOD OF ASSESSMENT All parcels are assessed based on the direct and special benefit that they receive. All of the improvements have been shown to provide direct and special benefit to the properties and we have determined that there is no general benefit portion of the assessment to be considered. The properties within the Assessment District are a mixture of residential and commercially zoned properties with the exception of the Newport Shores Park property. The vast majority of the parcels are zoned single - family residential parcels (R -1). Since the single - family residential parcels receive the same benefit from the undergrounding of the overhead utilities and the), make up the majority of the propert} types within the district, they will each be assigned one equivalent benefit unit or one EBU. Special benefits ascribed to commercial and other land use types will be equated to the single - family unit or EBU. This same approach applies to the parcels located on alleyways that are being reconstructed as part of the District improvements. Only the parcels that are located along the alletiways benefit from these improvements and receive a special benefit. Since the front footage of most of the single - family and multi - residential parcels is approximately the same, all of the residential parcels located along the alleyways will be assigned one EBU. Benefit to commercial and other land use types will be equated to the residential units or EBU. R -2 Zoned Properties R -2 Zoned properties have the potential to have two dwelling units located on the parcel. Since each dwelling unit is likely to use a similar amount of electrical and other utility- services as a typical single - family residential parcel, R -2 zoned lots will be assigned 2 EBUs per parcel. Apartment Properties Apartment site properties are assessed 1 EBU for each apartment located in the building. This is the case since each apartment unit is likely to use a similar amount of electrical and other utility services as a typical single - family residential parcel. Below is a listing of the apartment parcels and their preliminary assessment amount. APN Assessment ID No. No. of Apartment Units EBUs Preliminary Assessment 045 - 084 -01 508 12 12 $123,967.92 045- 114 -15 530 12 13 X118,767.63 MuniFinancial Page 11 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) Commercial Pronertv The commercial property was assigned EBUs based on the parcel's average width along the streets being undergrounded as compared to the average front footage for a single - family residential parcel. The average front footage for a single -family residential parcel has been calculated at 30 feet. Park The City owned park does not have connections to electricity, telephone or cable and therefore does not receive a special benefit. Consequently, these parcels will have a $0 assessment. Non Assessed and Pardally Assessed Parcels Parcels that are already served by existing underground utilities (electricity and telephone) located on West Pacific Highway will not benefit from the utility improvements for this District. Therefore, they are not assessed for the utility construction costs. Parcels served with existing underground utilities but not underground telephone service are assessed at one -half (V2) the rate of other parcels with the same land use. Detail of EBUs and Assessments After determining the number of EBUs per parcel based on the above for both utility undergrounding and for alleyway improvements, each parcels total number of EBUs were added together and divided by the total dollar amount of the specific improvements (utilityundergrounding or alleyway improvements). This resulted in a dollar amount per EBU that is then multiplied by each parcel's number of EBUs to determine the assessment amount. The incidental and financing costs are allocated to each parcel in the District on a prorated basis based on each parcel's share of the total construction costs. This percentage is then multiplied by the total cost of incidental and financing cost's to determine the individual parcel's share. The table located at the end of this section displays individually by assessor parcel number, the number of EBUs assigned for each improvement and the corresponding assessment amount. Conclusion It is my opinion that the assessments for Assessment District No. 68 (Newport Shores) are allocated in accordance with the direct and special benefit that the land receives from the Works of Improvement. MuniFinancial/ W illdan David L. Hunt, P.E. (CE 30514) Assessment Engineer City of Newport Beacha °NO" F� 3osia "Ew ;.ueoo- MuniFinancial Page 12 City of Newport Beach CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) EBUs and Assessment Calculation Page 12 -1 4,784,526.55 574,410.00 781,063.45 6,140.000.00 660,000.00 Assessors Assessment Utility Costs Total Utility Alley Costs Total Alley Incidental Total lst ITCC Preliminary Parcel No. I . No EBUs Costs EBUs Costs Costs Bond Issue Costs Total Assessment 045- 010 -15 1 0.0 $0.00 0.0 $0.00 $0.00 $0.00 $0.00 $0.00 045 - 010 -16 2 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 045 - 010 -17 3 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 045 - 010 -18 4 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 045 - 010 -20 5 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 045 - 010 -21 6 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 045 - 010 -22 7 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 045 - 010 -23 8 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 045- 010 -26 9 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 045- 051 -09 10 2.0 15,420.03 0.0 0.00 2,247.47 17,667.50 2,127.11 19.794.61 045- 051 -10 11 2.0 15,420.03 0.0 0.00 2,247.47 17,667.50 2,127.11 19,794.61 045- 051 -11 12 2.0 15,420.03 0.0 0.00 2,247.47 17,667.50 2,127.11 19,794.61 045- 051 -12 13 2.0 15,420.03 0.0 0.00 2,247.47 17,667.50 2,127.11 19,794.61 045- 051 -13 14 2.0 15,420.03 0.0 0.00 2,247.47 17,667.50 2,127.11 19,794.61 045- 052 -03 15 1.0 7,710.01 1.0 1,512.92 1,344.25 10,567.78 1,063.56 11,630.74 045- 052 -04 16 1.0 7,710.01 1.0 1,512.92 1,344.25 10,567.18 1,063.56 11,630.74 045- 052 -05 17 1.0 7,710.01 1.0 1,512.92 1,344.25 10,567.18 1,063.56 11,630.74 045- 052 -06 18 1.0 7,710.01 0.0 0.00 1,123.74 8,83315 1,063.56 9,897.31 045- 052 -08 19 1.0 7,710.01 1.0 1,512.92 1,344.25 10,567.18 1,063.56 11,630.74 045- 052 -09 20 1.0 7,710.01 1.0 1,512.92 1,344.25 10,567.18 1,063.56 11,630.74 045- 052 -10 21 1.0 7.710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.56 11.630.73 045- 052 -11 22 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.56 11,630.73 045- 052 -12 23 1.0 7,710.01 1.0 1.512.92 1,344.24 10,567.17 1,063.56 11,630.73 045- 052 -13 24 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.56 11,630.73 045- 052 -14 25 1.0 7,710.01 1.0 1,512.92 1.344.24 10,567.17 1,063.56 11,630.73 045- 053 -02 26 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.56 11,630.73 045- 053 -03 27 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.56 11,630.73 045- 053 -05 28 1.0 7,710.01 1.0 1,512.92 1,344.24 10.567.17 1,063.56 11,630.73 045 - 053 -06 29 1.0 7.710.01 1.0 1,512.92 1,344.24 10,567.17 1.063.56 11,630.73 045 - 053 -10 30 1.0 7,710.01 1.0 1,512.92 1,344.24 10.567.17 1,063.56 11,630.73 045- 053 -12 31 1.0 7,710.01 1.0 1.512.92 1,344.24 10.567.17 1.063.56 11,630.73 045 - 053 -13 32 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.56 11,630.73 045 - 053 -17 33 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.56 11,630.73 045 - 053 -18 34 1.0 7,710.01 1.0 1,512.92 1,344.24 10.567.17 1,063.56 11,630.73 045- 053 -19 35 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.56 11,630.73 045 - 053 -20 36 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.56 11.630.73 045 - 053 -21 37 1.0 7,710.01 1.0 1.512.92 1,344.24 10,567.17 1,063.56 11.630.73 045 - 053 -23 38 1.0 7,710.01 1.0 1,512.92 1.344.24 10,567.17 1,063.56 11,630.73 045- 053 -24 39 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.56 11,630.73 045- 053 -25 40 1.0 7.710.01 1.0 1,512.92 1.344.24 10,567.17 1.063.56 11,630.73 045- 053 -26 41 1.0 7.710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.56 11,630.73 045- 053 -27 42 1.0 7,710.01 1.0 1.512.92 1,344.24 10.567.17 1,063.56 11,630.73 045- 053 -28 43 1.0 7,710.01 1.0 1.512.92 1,344.24 10,567.17 1,063.56 11,630.73 045- 053 -29 44 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.56 11,630.73 045- 053 -30 45 1.0 7,710.01 1.0 1,512.92 1.344.24 10,567.17 1,063.56 11,630.73 045- 053 -31 46 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.56 11,630.73 045- 053 -32 47 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.56 11.630.73 045- 053 -33 48 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045- 053 -34 49 1.0 7,710.01 0.0 0.00 1,123.73 8.833.74 1,063.56 9.897.30 045- 053 -35 50 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045- 053 -36 51 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045- 053 -37 52 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045- 053 -38 53 1.0 7,710.01 0.0 0.00 1.123.73 8,833.74 1,063.56 9,897.30 045 - 053 -39 54 1.0 7.710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045 - 053 -40 55 1.0 7,710.01 0.0 0.00 1,123.73 8.833.74 1,063.56 9,897.30 045 - 053 -41 56 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9.897.30 045- 05342 57 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045- 053 -45 58 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.56 11,630.73 045- 054 -26 59 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1.063.56 9,897.30 045 - 054 -27 60 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045- 054 -28 61 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9.897.30 045 -054 -29 62 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045- 054 -30 63 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045- 054 -31 64 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1.063.56 9,897.30 045- 054 -32 65 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045- 054 -33 66 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045- 054 -34 67 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 Page 12 -1 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) EBUs and Assessment Calculation Page 12 -2 4,784,526.55 574,410.00 781,063.45 6,140,000.00 660,000.00 Assessor's Assessment Utility Costs Total Utility Alley Costs Total Alley Incidental Total lst ITCC Preliminary Parcel No. I.D. No. EBUs Costs EBUs Costs Costs Bond Issue Costs Total Assessment 045- 054 -35 68 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045- 054 -36 69 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045- 055 -01 70 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045- 055 -02 71 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045- 055 -03 72 1.0 7,710.01 0.0 0.00 1.123.73 8,833.74 1,063.56 9,897.30 045- 055 -05 73 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045- 055 -06 74 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045- 055 -08 75 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045- 055 -25 76 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 045- 055 -26 77 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 114- 661 -11 78 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 045- 055 -28 79 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -29 80 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -30 81 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -31 82 1.0 7,710.01 0.0 0.00 1,12173 8,833.74 1,063.55 9,897.29 045 - 055 -32 83 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045 - 055 -33 84 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -34 85 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045 - 055 -35 86 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -36 87 1.0 7.710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -37 88 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -38 89 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -39 90 1.0 7.710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -40 91 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -41 92 1.0 7.710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -42 93 1.0 7.710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -43 94 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -44 95 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -45 96 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,06155 9,897.29 045- 055 -46 97 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045 -055 -07 98 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -48 99 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045 -055 -49 100 1.0 7,710.01 0.0 0.00 1.123.73 8,833.74 1,063.55 9,897.29 045- 055 -51 101 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1.063.55 9,897.29 045- 055 -52 102 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -53 103 1.0 7,710.01 0.0 0.00 1,123.73 8.833.74 1.063.55 9,897.29 045- 055 -54 104 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -55 105 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -56 106 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045 - 055 -57 107 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -58 108 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045 - 055 -59 109 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -60 110 1.0 7.710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -61 111 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 055 -62 112 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 056 -32 113 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 056 -33 114 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 056 -34 115 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045 - 061 -06 116 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 061 -10 117 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 061 -11 118 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 061 -12 119 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 061 -13 120 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1.063.55 11,630.72 045- 061 -14 121 1.0 7,710.01 1.0 1,512.92 1,344.24 10.567.17 1,063.55 11,630.72 045 - 061 -15 122 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 061 -16 123 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11.630.72 045- 061 -17 124 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 061 -18 125 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 061 -19 126 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045 - 061 -20 127 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 061 -22 128 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,06155 11,630.72 045- 061 -24 129 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,06155 11,630.72 045- 061 -25 130 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 061 -26 131 1.0 7,710.01 1.0 1.512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 061 -27 132 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 061 -28 133 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 061 -29 134 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 Page 12 -2 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) EBUs and Assessment Calculation Page 12 -3 4,784,526.55 574,410.00 781,063.45 6,140,000.00 660,000.00 Assessors Assessment Utility Costs Total UtIIIN AIIev Costs Total Alley Incidental Total tat ITCC Preliminary Parcel No. I.D. No. EBUS Costs EBUS Costs Costs Bond Issue Costs Total Assessment 045- 061 -30 135 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 061 -31 136 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 061 -32 137 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 061 -33 138 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 061 -36 139 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 061 -37 140 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 061 -38 141 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 062 -07 142 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045 -062 -08 143 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 062 -09 144 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 062 -10 145 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 062 -11 146 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 062 -12 147 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 062 -13 148 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 062 -15 149 1.0 7,710.01 1.0 1,512.92 1,344.24 10.567.17 1,063.55 11,630.72 045- 062 -16 150 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045 - 062 -17 151 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 062 -18 152 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 062 -19 153 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 062 -20 154 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 062 -21 155 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11.630.72 045- 062 -22 156 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 062 -23 157 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 062 -25 158 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 062 -26 159 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 062 -27 160 1.0 7.710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 063 -04 161 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045 - 063 -05 162 1.0 7,710.01 1.0 1.512.92 1.344.24 10,567.17 1,063.55 11,630.72 045 -063 -06 163 1.0 7,710.01 1.0 1,512.92 1,344.24 10.567.17 1,063.55 11,630.72 045 - 063 -07 164 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 063 -08 165 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 063 -09 166 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 063 -10 167 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 063 -11 168 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 063.12 169 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,06155 11,630.72 045 -063-13 170 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 063 -15 171 1.0 7,710.01 1.0 1,512.92 1.344.24 10,567.17 1,063.55 11,630.72 045- 063 -16 172 1.0 7.710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9.897.29 045- 063 -18 173 1.0 7.710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 063 -19 174 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045 - 063 -20 175 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045 - 063 -21 176 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 063 -22 177 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045 - 063 -23 178 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 063 -24 179 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 064 -05 180 1.0 7,710.01 1.0 1,512.92 1.344.24 10,567.17 1,063.55 11,630.72 045- 064 -10 181 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 064 -11 182 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 064 -12 183 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 064 -13 184 1.0 7.710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 064 -14 185 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 064 -16 186 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1.063.55 11,630.72 045- 064 -18 187 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 064 -19 188 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 064 -20 189 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045 - 064 -21 190 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 064 -22 191 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 064 -23 192 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 064 -24 193 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11.630.72 045- 064 -25 194 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045 - 064 -26 195 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 064 -27 196 1.0 7.710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 064 -28 197 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 064 -29 198 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 064 -30 199 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 064 -31 200 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 064 -32 201 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 Page 12 -3 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) EBUs and Assessment Calculation Page 12 -4 4,784,526.55 574,410.00 781,06145 6,140.000.00 660,000.00 AssessoYS Assessment Utility Costs Total Utility Alley Costs Total Alley Incidental Total 1st ITCC Preliminary Parcel No. I.D. No. EBUS Costs EBUS Costs Costs Bond Issue Costs Total Assessment 045- 064 -33 202 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 064 -34 203 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045 - 064 -35 204 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1.063.55 11,630.72 045- 064 -36 205 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045 - 065 -06 206 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -07 207 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -08 208 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -09 209 1.0 7.710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -10 210 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -11 211 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -12 212 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -13 213 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -14 214 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -15 215 1.0 7,710.01 1.0 1,512.92 1,344.24 10.567.17 1,063.55 11,630.72 045- 065 -16 216 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -17 217 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -18 218 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 065 -20 219 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -21 220 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -23 221 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -24 222 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -25 223 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -26 224 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -27 225 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045 - 065 -29 226 1.0 7,710.01 1.0 1,512.92 1,344.24 10.567.17 1,063.55 11,630.72 045- 065 -30 227 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -31 228 1.0 7,710.01 1.0 1.512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -32 229 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -33 230 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -34 231 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -35 232 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -36 233 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -37 234 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -38 235 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 065 -39 236 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 06540 237 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 06541 238 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -07 239 1.0 7.710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -08 240 1.0 7.710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -09 241 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -10 242 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -11 243 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -12 244 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -13 245 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045 - 066 -14 246 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -15 247 1.0 7,710.01 1.0 1,512.92 1,344.24 10567.17 1,063.55 11,630.72 045- 066 -16 248 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,63032 045- 066 -17 249 1.0 7.710.01 1.0 1,512.92 1,344.24 10.567.17 1,063.55 11,630.72 045- 066 -18 250 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -19 251 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -20 252 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -22 253 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -23 254 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -24 255 1.0 7,710.01 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 045- 066 -25 256 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -26 257 1.0 7,710.01 1.0 1,512.92 1,344.24 10.567.17 1,063.55 11,630.72 045- 066 -27 258 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -28 259 1.0 7,710.01 1.0 1.512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -29 260 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -30 261 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -31 262 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -32 263 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -33 264 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -34 265 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -35 266 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 045- 066 -36 267 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1.063.55 11,630.72 045- 066 -37 268 1.0 7,710.01 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 Page 12 -4 Assessot's Parcel No. 045- 066 -38 045- 066 -39 045- 066 -40 045- 066 -41 045 -066 -42 045- 066-43 045- 066 -44 045- 066 -45 045 - 066 -46 045- 066 -47 045- 066 -48 045- 066 -49 045 - 066 -50 045- 066 -51 045- 066 -52 045 - 066 -53 045- 067 -02 045- 067 -06 045 - 067 -10 045 -067 -12 045- 067 -13 045- 067 -14 045 - 067 -15 045- 067 -16 045- 067 -17 045 - 067 -18 045 - 067 -19 045 - 067 -20 045 - 067 -21 045- 067 -22 045- 067 -23 045- 067 -24 045- 067 -25 045- 067 -26 045- 067 -27 045- 067 -28 045- 067 -29 045- 067 -30 045- 067 -31 045- 067 -32 045- 067 -34 045- 067 -35 045- 067 -37 045- 067 -38 045- 067 -39 045- 067 -40 045- 067 -41 045 - 067 -42 045- 067 -43 045 - 067 -44 045 - 067 -45 045 -067 -46 045- 067 -47 045 - 067 -48 045- 067 -49 045- 067 -50 045- 067 -51 045 - 067 -52 045- 067 -53 045- 067 -54 045- 067 -55 045- 067 -56 045- 067 -57 045- 071 -18 045- 071 -20 045- 071 -22 045- 071 -23 Assessment I.D. No. 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) EBUs and Assessment Calculation 4,784,526.55 Utility Costs Total Utility EBUS Costs 1.0 7,710.01 1.0 7,710.01 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7.710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 1.0 7,710.02 Page 12 -5 574,410.00 781,063.45 6,140A00.00 660,000.00 Alley Costs Total Alley Incidental Total 1st ITCC Preliminary EBUS Costs Costs Bond Issue Costs Total Assessment 1.0 1,512.92 1,344.24 10,567.17 1,063.55 11,630.72 0.0 0.00 1,123.73 8,833.74 1,063.55 9,897.29 0.0 0.00 1,123.73 8,833.75 1,063.55 9.897.30 0.0 0.00 1,123.73 8,833.75 1,063.55 9.897.30 0.0 0.00 1.123.73 8.833.75 1,063.55 9.897.30 0.0 0.00 1,123.73 8,833.75 1,063.55 9,897.30 0.0 0.00 1,123.73 8,833.75 1,063.55 9,897.30 0.0 0.00 1,123.73 8,833.75 1,063.55 9,897.30 0.0 0.00 1,123.73 8,833.75 1,063.55 9,897.30 0.0 0.00 1,123.73 8,833.75 1,063.55 9,897.30 0.0 0.00 1,123.73 8,833.75 1.063.55 9,897.30 0.0 0.00 1,123.73 8,833.75 1.063.55 9,897.30 0.0 0.00 1,123.73 8,833.75 1,063.55 9,897.30 0.0 0.00 1,123.73 8,833.75 1,063.55 9,897.30 0.0 0.00 1,123.73 8,833.75 1.063.55 9,897.30 0.0 0.00 1,123.73 8,833.75 1,063.55 9,897.30 1.0 1.512.92 1,344.24 10,567.18 1,063.55 11,630.73 1.0 1,512.92 1,344.24 10, 567.18 1,063.55 11, 630.73 1.0 1,512.92 1,344.24 10,567.18 1,063.55 11,630.73 1.0 1,512.92 1,344.24 10, 567.18 1,063.55 11, 630.73 1.0 1,512.92 1,344.24 10, 567.18 1,063.55 11, 630.73 1.0 1,512.92 1.344.24 10.567.18 1,063.55 11, 630.73 1.0 1,512.92 1,344.24 10, 567.18 1,063.55 11, 630.73 1.0 1,512.92 1,344.24 10, 567.18 1,063.55 11, 630.73 1.0 1.512.92 1,344.24 10.567.18 1,063.55 11, 630.73 1.0 1,512.92 1,344.24 10, 567.18 1,063.56 11, 630.74 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 1.0 1,512.92 1,344.24 10,567.18 1.063.56 11,630.74 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 1.0 1,512.92 1,344.24 10, 567.18 1,063.56 11, 630.74 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 1.0 1,512.92 1,344.24 10, 567.18 1,063.56 11, 630.74 1.0 1,512.92 1,344.24 %567.18 1,063.56 11,630.74 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 1.0 1,512.92 1,344.24 10, 567.18 1,063.56 11, 630.74 1.0 1,512.92 1,344.24 10, 567.18 1,063.56 11, 630.74 1.0 1,512.92 1.344.24 10, 567.18 1,063.56 11, 630.74 1.0 1,512.92 1.344.24 10, 567.18 1,063.56 11, 630.74 1.0 1.512.92 1,344.24 10, 567.18 1,063.56 11, 630.74 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 0.0 0.00 1,123.73 8,833.75 1.063.56 9,897.31 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11.630.74 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11.630.74 1.0 1,512.92 1,344.24 10,567.18 1.063.56 11.630.74 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11.630.74 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 1.0 1,512.92 1,344.24 10, 567.18 1,063.56 11, 630.74 1.0 1,512.92 1,344.24 10, 567.18 1,063.56 11, 630.74 1.0 1,512.92 1.344.24 10, 567.18 1,063.56 11, 630.74 1.0 1.512.92 1.344.24 10.567.18 1,063.56 11, 630.74 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 1.0 1,512.92 1,344.24 10, 567.18 1.063.56 11,630.74 1.0 1,512.92 1,344.24 10.567.18 1,063.56 11, 630.74 1.0 1.512.92 1,344.24 10,567.18 1,063.56 11,630.74 1.0 1,512.92 1,344.24 10, 567.18 1,063.56 11, 630.74 1.0 1,512.92 1,344.24 10, 567.18 1,063.56 11, 630.74 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 1.0 1,512.92 1,344.24 10, 567.18 1,063.56 11, 630.74 1.0 1,512.92 1.344.24 10,567A8 1,063.56 11, 630.74 1.0 1, 512.92 1,344.24 10, 567.18 1,063.56 11, 630.74 1.0 1,512.92 1,344.24 10.567.18 1,06156 11, 630.74 1.0 1,512.92 1,344.24 10.567.18 1,06156 11,630.74 1.0 1.512.92 1,344.24 10,567.16 1,063.56 11,630.74 1.0 1,512.92 1,344.24 10, 567.18 1,063.56 11, 630.74 Page 12 -5 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) EBUs and Assessment Calculation Page 12 -6 4,784,526.55 574.410.00 781,063.45 6,140,000.00 660,000.00 Assessors Assessment Utility Costs Total Utility Alley Costs Total Alley Incidental Tots 11 at ITCC Preliminary Parcel No. I.D. No. EBUS Costs EBUS Costs Costs Bond Issue Costs Total Assessment 045- 071 -24 336 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 071 -25 337 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11.630.74 045- 071 -26 338 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045 - 071 -27 339 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11.630.74 045 - 071 -28 340 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 071 -31 341 1.0 7,710.02 0.0 0.00 1,123.73 8,833.75 1,063.56 9.897.31 045- 071 -32 342 1.0 7,710.02 0.0 0.00 1,123.73 8,833.75 1,063.56 9,897.31 045 - 071 -35 343 1.0 7.710.02 1.0 1.512.92 1,344.24 10,567.18 1,063.56 11.630.74 045 - 071 -36 344 1.0 7,710.02 1.0 1.512.92 1,344.24 10,567.18 1,063.56 11,630.74 045 - 071 -37 345 1.0 7,710.02 1.0 1512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 071 -38 346 1.0 7,710.02 1.0 1.512.92 1,344.24 10,567.18 1,063.56 11,630.74 045 - 071 -39 347 1.0 7,710.02 1.0 1.512.92 1,344.24 10,567.18 1,063.56 11,630.74 045 - 071 -40 348 1.0 7,710.02 1.0 1512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 071 -41 349 1.0 7,710.02 1.0 1.512.92 1.344.24 10,567.18 1,063.56 11,630.74 045- 071 -42 350 1.0 7,710.02 1.0 1.512.92 1,344.24 10,567.18 1,063.56 11.630.74 045 - 071 -43 351 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 071 -44 352 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11.630.74 045 - 071 -46 353 1.0 7,710.02 1.0 1.512.92 1.344.24 10,567.18 1,063.56 11,630.74 045- 071 -47 354 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 071 -50 355 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11.630.74 045 - 071 -52 356 1.0 7,710.02 1.0 1,512.92 1,344.24 10.567.18 1,063.56 11.630.74 045 - 071 -53 357 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045 - 071 -54 358 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 071 -55 359 1.0 7.710.02 1.0 1,512.92 1,344.24 10567.18 1,063.56 11.630.74 045- 071 -56 360 1.0 7.710.02 0.0 0.00 1,123.73 8,833.75 1,063.56 9.897.31 045- 071 -57 361 1.0 7,710.02 1.0 1,512.92 1.344.24 10,567.18 1,063.56 11,630.74 045- 071 -58 362 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11.630.74 045- 072 -07 363 1.0 7,710.02 1.0 1,512.92 1.344.24 10,567.18 1,063.56 11.630.74 045- 072 -09 364 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 072 -12 365 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 072 -15 366 1.0 7,710.02 1.0 1,512.92 1.344.24 10,567.18 1.063.56 11,630.74 045- 072 -16 367 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11.630.74 045- 072 -17 368 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 072 -18 369 1.0 7,710.02 1.0 1,512.92 1.344.24 10,567.18 1,063.56 11,630.74 045- 072 -19 370 1.0 7,710.02 1.0 1,512.92 1.344.24 10,567.18 1,063.56 11,630.74 045 - 072 -20 371 1.0 7.710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045 - 072 -21 372 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 072 -22 373 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 072 -23 374 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 072 -24 375 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 072 -25 376 1.0 7,710.02 1.0 1,512.92 1,344.24 10.567.18 1,063.56 11,630.74 045- 072 -26 377 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 072 -28 378 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 072 -29 379 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 072 -30 380 1.0 7,710.02 1.0 1.512.92 1,344.24 10,567.18 1,063.56 11,630.74 045 - 072 -31 381 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045 - 072 -32 382 1.0 7.710.02 1.0 1,512.92 1,344.24 10,567.18 1.063.56 11,630.74 045 - 072 -33 383 1.0 7,710.02 1.0 1,512.92 1,344.24 10567.18 1.063.56 11,630.74 045- 072 -34 384 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 072 -35 385 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045 - 072 -36 386 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1.063.56 11,630.74 045 - 072 -37 387 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045 - 072 -39 388 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 072.40 389 1.0 7,710.02 1.0 1,512.92 1,344.24 10567.18 1.063.56 11,630.74 045- 072 -41 390 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 072 -42 391 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1.063.56 11,630.74 045 - 072 -43 392 1.0 7,710.02 1.0 1.512.92 1,344.24 10.567.18 1,063.56 11,630.74 045 - 072 -44 393 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045 - 072 -45 394 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 072 -46 395 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045 - 072 -47 396 1.0 7,710.02 1.0 1,512.92 1.344.24 10,567.18 1,063.56 11,630.74 045- 072 -50 397 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045 - 072 -51 398 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 072 -52 399 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11.630.74 045- 072 -53 400 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11.630.74 045- 072 -54 401 1.0 7,710.02 1.0 1.512.92 1,344.24 10.567.18 1,063.56 11,630.74 045- 072 -55 402 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 Page 12 -6 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) EBUs and Assessment Calculation Page 12 -7 4,784,526.55 574,410.00 781,063.45 6,140,000.00 660,000.00 Assessor's Assessment Utility Costs Total Utility Alley Costs Total Alley Incidental Total lst ITCC Preliminary Parcel No. I.D. No. EBUs Costs EBUs Costs Costs Bond Issue Costs Total Assessment 045- 072 -56 403 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045- 072 -57 404 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1.063.56 11,630.74 045- 072 -58 405 1.0 7710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,630.74 045 - 072 -59 406 1.0 7710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,63074 045 - 072 -60 407 1.0 7710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,63074 045- 072 -61 408 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,63074 045- 072 -62 409 1.0 7710.02 1.0 1.512.92 1,344.24 10,567.18 1,063.56 11,63074 045 - 073 -07 410 1.0 7,710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,63074 045 - 073 -08 411 1.0 7710.02 1.0 1,512.92 1,344.24 10.567.18 1,063.56 11,63074 045 - 073 -09 412 1.0 7710.02 1.0 1,512.92 1.344.24 10567.18 1,063.56 11,63074 045 - 073 -10 413 1.0 7710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,63074 045- 073 -11 414 1.0 7710.02 1.0 1.512.92 1,344.24 10,567.18 1,063.56 11,63074 045- 073 -12 415 1.0 7710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,63074 045- 073 -13 416 1.0 7710.02 1.0 1,512.92 1,344.24 10,567.18 1,063.56 11,63074 045- 073 -14 417 1.0 7710.02 1.0 1,512.91 1.344.24 10,567.17 1,063.56 11,63073 045- 073 -15 418 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045- 073 -16 419 1.0 7,710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045- 073 -17 420 1.0 7710.02 1.0 1.512.91 1,344.24 10,567.17 1,063.56 11,63073 045- 073 -18 421 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045- 073 -19 422 1.0 7,710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045- 073 -20 423 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045 - 073 -21 424 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045- 073 -22 425 1.0 7,710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045- 073 -23 426 1.0 7,710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045 - 073 -24 427 1.0 7,710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045 - 073 -25 428 1.0 7,710.02 1.0 1,512.91 1,344.24 10,567.17 1.063.56 11,630.73 045 - 073 -26 429 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,630.73 045- 073 -27 430 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045 - 073 -29 431 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045 - 074 -05 432 1.0 7710.02 0.0 0.00 1,12173 8,83375 1,063.56 9,897.31 045- 074 -06 433 1.0 7710.02 0.0 0.00 1,123.73 8,83375 1,063.56 9,897.31 045- 074 -07 434 1.0 7710.02 0.0 0.00 1,12373 8,83375 1,063.56 9,897.31 045- 074 -08 435 1.0 7,710.02 0.0 0.00 1,12373 8,83375 1,063.56 9,897.31 045- 074 -09 436 1.0 7710.02 0.0 0.00 1,12373 8,83375 1,063.56 9,897.31 045- 074 -10 437 1.0 7710.02 0.0 0.00 1,12373 8,83375 1,063.56 9,897.31 045- 074 -11 438 1.0 7710.02 0.0 0.00 1,12373 8,83375 1,063.56 9,897.31 045- 074 -12 439 1.0 7,710.02 0.0 0.00 1,123.73 8,833.75 1,063.56 9,897.31 045- 074 -13 440 1.0 7710.02 0.0 0.00 1,12373 8,83375 1,063.56 9,897.31 045- 074 -14 441 1.0 7710.02 0.0 0.00 1,12373 8,83375 1,063.56 9,897.31 045 - 074 -15 442 1.0 7710.02 0.0 0.00 1,12373 8,83375 1,063.56 9,897.31 045- 074 -16 443 1.0 7710.02 0.0 0.00 1,12373 8,83375 1,063.56 9,897.31 045- 074 -17 444 1.0 7710.02 0.0 0.00 1,12373 8,83375 1,063.56 9,897.31 045 - 074 -18 445 1.0 7710.02 0.0 0.00 1,12373 8,83375 1,063.56 9,897.31 045 - 074 -20 446 1.0 7710.02 0.0 0.00 1,12373 8,83375 1,063.56 9,897.31 045- 075 -07 447 1.0 7,710.02 1.0 1,512.91 1,344.24 10,567.17 1,06156 11,63073 045 - 075 -08 448 1.0 7,710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045 - 075 -09 449 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,630.73 045- 075 -10 450 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11.63073 045- 075 -11 451 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,630.73 045- 075 -12 452 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045- 075 -13 453 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045- 075 -14 454 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045- 075 -15 455 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045- 075 -18 456 1.0 7,710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045- 075 -19 457 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045- 075 -20 458 1.0 7710.02 1.0 1,512.91 1,344.24 10.567.17 1,063.56 11,63073 045- 075 -21 459 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045- 075 -22 460 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045- 075 -23 461 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045- 075 -24 462 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045- 075 -25 463 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045 - 075 -26 464 1.0 7710.02 1.0 1,512.91 1,344.24 10,567.17 1,063.56 11,63073 045 - 075 -27 465 1.0 7710.02 0.0 0.00 1,12373 8,83375 1,063.56 9,897.31 045- 075 -28 466 1.0 7,710.02 0.0 0.00 1,12373 8.83375 1,06156 9,897.31 045- 075 -29 467 1.0 7710.02 0.0 0.00 1,12373 8.83375 1,063.56 9.897.31 045- 075 -30 468 1.0 7710.02 0.0 0.00 1,12373 8,83375 1,063.56 9,897.31 045- 075 -31 469 1.0 7710.02 0.0 0.00 1,123.73 8,83375 1,063.56 9,897.31 Page 12 -7 Assessors 045- 075 -32 045- 075 -35 045- 075 -36 045- 075 -37 045- 075 -38 045- 081 -07 045- 081 -08 045- 081 -09 045- 081 -14 045- 081 -15 045 - 081 -16 045- 081 -17 045- 081 -18 045 -081 -19 045- 081 -20 045- 082 -04 045- 082 -05 045- 082 -06 045- 082 -07 045- 082 -08 045- 082-10 045- 082 -11 045- 082 -13 045- 082 -16 045- 082 -17 045- 083 -01 045- 083 -09 045- 083 -10 045- 083 -11 045- 083 -12 045- 083 -13 939 - 720 -01 939 - 720 -02 939 - 720 -03 939 - 720 -04 939 - 720 -05 939 - 720 -06 045- 083 -15 045- 084 -01 045- 084 -03 045- 084 -04 045- 084 -06 045- 084 -09 045- 084 -10 045 - 111 -15 045- 111 -17 045 - 111 -18 045- 111 -19 045- 111 -20 045- 112 -01 045- 112 -08 045 - 112 -09 045- 112 -10 045- 112 -11 045- 113 -01 045- 113 -02 045- 113 -03 045- 114 -08 045 - 114 -09 045- 114 -13 045- 114 -15 045- 114 -16 045- 115 -01 045- 115 -08 045- 115 -10 114- 661 -01 114 - 661 -02 Assessment I.D. No. 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) EBUs and Assessment Calculation 4.784,526.55 Utility Costs Total Utility EBUS Costs 1.0 7,710.02 1.0 7,710.02 1.0 7.710.02 1.0 7.710.02 1.0 7.710.02 1.0 7.710.02 1.0 7,710.02 1.0 7.710.02 0.0 0.00 0.0 0.00 0.0 0.00 1.0 7,710.01 0.0 0.00 0.0 0.00 0.0 0.00 2.0 15,420.03 2.0 15,420.03 2.0 15,420.03 2.0 15.420.03 1.0 7,710.01 2.0 15.420.03 2.0 15,420.03 1.0 7,710.01 0.0 0.00 0.0 0.00 2.0 15,420.03 2.0 15,420.03 2.0 15,420.03 2.0 15,420.03 2.0 15.420.03 2.0 15,420.03 1.0 7,710.01 1.0 7,710.01 1.0 7710.01 1.0 7,710.01 1.0 7,710.01 1.0 7,710.01 1.5 11,565.02 12.0 92,520.17 1.0 7,710.01 1.0 7,710.01 0.0 0.00 3.7 28,295.75 1.0 7,710.01 1.0 7,710.01 1.0 7,710.01 1.0 7,710.01 3.5 26,753.75 4.2 32,150.76 3.0 23,130.04 0.0 0.00 0.0 0.00 5.5 42,405.08 2.5 19,275.04 0.0 0.00 0.0 0.00 0.0 0.00 0.5 3,855.01 0.0 0.00 2.0 15,420.03 12.0 92,520.17 7.0 53,970.10 0.0 0.00 2.0 15,420.03 0.0 0.00 0.0 0.00 0.0 0.00 Page 12 -8 574,410.00 781.063.45 6140,000.00 660,000.00 Alley Costs Total May Incidental Total lst ITCC Preliminary EBUS Costs Costs Bond Issue Costs Total Assessment 0.0 0.00 1,123.73 8,833.75 1,063.56 9,897.31 0.0 0.00 1,123.73 8,833.75 1,063.56 9,897.31 0.0 0.00 1,123.73 8.833.75 1,063.56 9,897.31 0.0 0.00 1,123.73 8,833.75 1,063.56 9,897.31 0.0 0.00 1,123.73 8,833.75 1,063.56 9,897.31 0.0 0.00 1,123.73 8.833.75 1,063.56 9,897.31 0.0 0.00 1,123.73 8,833.75 1,063.56 9,897.31 0.0 0.00 1,123.73 8,833.75 1,063.56 9,897.31 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 2,247.46 17,667.49 2,127.11 19,794.60 0.0 0.00 2,247.46 17,667.49 2,127.11 19,794.60 0.0 0.00 2,247.46 17,667.49 2,127.11 19,794.60 0.0 0.00 2,247.46 17.667.49 2,127.11 19,794.60 0.0 0.00 1,123.73 8,833.74 1,063.56 9,897.30 0.0 0.00 2,247.46 17.667.49 2,127.11 19,794.60 0.0 0.00 2247.46 17,667.49 2,127.11 19,794.60 0.0 0.00 1.123.73 8,833.74 1,063.56 9,897.30 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 0.00 0.00 0.00 0.00 1.0 1,512.92 2,467.98 19,400.93 2,127.11 21,528.04 1.0 1,512.92 2,467.98 19,400.93 2,127.11 21,528.04 1.0 1,512.92 2,467.98 19,400.93 2,127.11 21,528.04 1.0 1,512.92 2,467.98 19,400.93 2,127.11 21,528.04 1.0 1,512.92 2,467.98 19,400.93 2,127.11 21,528.04 1.0 1,512.92 2,467.98 19,400.93 2,127.11 21,528.04 0.5 756.46 1,234.00 9,700.47 1,06156 10,764.03 0.5 756.46 1,234.00 9,700.47 1,063.56 10,764.03 0.5 756.46 1,234.00 9,700.47 1,063.56 10,764.03 0.5 756.46 1,234.00 9,700.47 1,063.56 10,764.03 0.5 756.46 1,234.00 9,700.47 1,063.56 10,764.03 0.5 756.46 1 234. 00 9,700.47 1,063.56 10,764.03 1.5 2,269.38 2,016.37 15,850.77 1,595.33 17,446.10 3.0 4,538.76 14,146.32 111205.25 12,762.67 123,967.92 0.0 0.00 1,123.74 8,83175 1,063.56 9,897.31 1.0 1,512.92 1.344.25 10,567,18 1,063.56 11,630.74 2.0 3,025.84 441.03 3,466.87 0.00 3,466.87 3.7 5,552.41 4,933.37 38,781.53 3,903.25 42,684.78 0.0 0.00 1,123.74 8,833.75 1,063.56 9,897.31 0.0 0.00 1,123.74 8,833.75 1,063.56 9,897.31 0.0 0.00 1,123.74 8,833.75 1,063.56 9,897.31 0.0 0.00 1,123.74 8,833.75 1,063.56 9,897.31 0.0 0.00 3,899.36 30,653.11 3,690.54 34,343.65 0.0 0.00 4,685.97 36,836.73 4,435.03 41,271.76 0.0 0.00 3,371.21 26,501.25 3,190.67 29,691.92 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 6,180.53 48,585.61 5,849.56 54,435.17 0.0 0.00 2,809.33 22,084.37 2.658.89 24,743.26 0 0.00 0.00 0.00 0.00 0.00 0 0.00 0.00 0.00 0.00 0.00 0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 561.87 4,416.88 531.76 4,948.66 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 2,247.46 17,667.49 2,127.11 19,794.60 0.0 0.00 13,484.79 106,004.96 12,762.67 118,767.63 0.0 0.00 7,866.13 61,836.23 7,444.89 69.281.12 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 2,247.46 17,667.49 2,127.11 19,794.60 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 0.00 0.00 0.00 0.00 0.0 0.00 0.00 0.00 0.00 0.00 Page 12 -8 CITY OF NEWPORT BEACH Underground Assessment District No. 68 (Newport Shores) EBUs and Assessment Calculation Page 12 -9 4,784.526.55 574,410.00 781,063.45 6,140.000.00 660.000.00 Assessor's Assessment Utility Costs Total Utility Alley Costs Total Alley Incidental Total lst ITCC Preliminary Parcel No. I.U. No. EBUs Costs EBUs Costs Costs Bond Issue Costs Total Assessment 114- 661 -03 537 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 114 - 661 -04 538 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 114 - 661 -05 539 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 114 - 661 -06 540 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 114 - 661 -07 541 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 114 - 662 -01 542 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 424 - 431 -03 543 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 424 - 431 -04 544 5.5 42,405.08 5.5 8,321.06 7,393.32 58,119.46 5,849.56 63,969.02 424 - 432 -01 545 2.0 15,420.03 1.0 1,512.92 2,467.97 19,400.92 2,127.11 21,528.03 424 - 432 -02 546 2.0 15,420.03 0.0 0.00 2,247.46 17,667.49 2,127.11 19,794.60 424A32 -03 547 0.5 3,855.01 0.0 0.00 561.87 4,416.88 531.78 4,948.66 424 -032 -05 548 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 424 - 432 -06 549 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 424 - 432 -07 550 0.0 0.00 0.0 0.00 0.00 0.00 0.00 0.00 424 - 432 -08 551 2.0 15,420.03 0.0 0.00 2.247.46 17.667.49 2,127.11 19,794.60 424 - 432 -09 552 2.0 15,420.03 1.0 1,512.92 2,467.97 19.400.92 2.127.11 21,528.03 424 - 432 -10 553 0.5 3,855.01 0.0 0.00 561.87 4,416.88 531.78 4,948.66 424 - 433 -01 554 2.0 15,420.03 1.0 1,512.92 2467.97 19,400.92 2,127.11 21,528.03 424 - 433 -02 555 2.0 15,420.03 1.0 1,512.92 2,467.97 19,400.92 2,127.11 21,528.03 424 - 433 -03 556 2.0 15,420.03 0.0 0.00 2,247.46 17,667.49 2.127.11 19,794.60 424 - 433 -04 557 2.0 15,420.03 0.0 0.00 2,247.46 17.667.49 2,127.11 19,794.60 424 - 433 -05 558 2.0 15,420.03 0.0 0.00 2,247.46 17,667.49 2,127.11 19,794.60 424 - 433 -08 559 2.0 15,420.03 0.0 0.00 2,247.46 17,667.49 2127.11 19,794.60 424 - 433 -09 560 2.0 15,420.03 0.0 0.00 2,247.46 17,667.49 2,127.11 19,794.60 424 -433 -11 561 2.0 15,420.03 1.0 1,512.92 2,467.97 19,400.92 2,127.11 21,528.03 424 - 433 -12 562 0.8 5,782.51 0.0 0.00 842.80 6,625.31 797.67 7,422.98 424 - 433 -13 563 2.0 15.420.03 1.0 1,512.92 2,467.97 19,400.92 2,127.11 21,528.03 424 - 434 -01 564 2.0 15,420.03 0.0 0.00 2,247.46 17,667.49 2,127.11 19,794.60 424 - 434 -02 565 2.0 15,420.03 0.0 0.00 2,247.46 17,667.49 2,127.11 19,794.60 424 - 434 -03 566 2.0 15,420.03 0.0 0.00 2,247.46 17,667.49 2,127.11 19,794.60 424 - 434 -07 567 2.0 15,420.03 0.0 0.00 2,247.46 17,667.49 2,127.11 19,794.60 424 - 434 -08 568 2.0 15,420.03 0.0 0.00 2,247.46 17,667.49 2,127.11 19,794.60 424 - 434 -09 569 2.0 15,420.03 0.0 0.00 2,247.46 17,667.49 2,127.11 19,794.60 424 - 434 -10 570 5.0 38,550.07 0.0 0.00 5,618.66 44,168.73 5,317.78 49,486.51 045- 010 -19 571 Q_4 0-00 00 0.00 0.00 0.00 0.00 0.00 TOTAL 620.56 $4,784,526.55 379.67 $574,410.00 $781,063.45 $6,140,000.00 $660,000.00 $6,800,000.00 Page 12 -9 ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) State of California CERTIFICATIONS I HEREBY CERTIFY that the enclosed Engineer's Report, together with the Assessment and Assessment Diagram thereto attached was filed with me on this /' %% ) day of L(1J { 2004. } Clerk of the Ciry Council, •r City of Newport Beach, California I HEREBY CERTIFY that the enclosed Engineer's Report, together with the Assessment and Assessment Diagram thereto attached received preliminary approval by the City Council of the City of Newport Beach, California on this day of 12004 Clerk of the City Council, City of Newport Beach, California I HEREBY CERTIFY that the Engineer's Report, together with the Assessment and Assessment Diagram thereto attached received final approval and confirmation by the City Council for the City of Newport Beach, California, on the day of 2004. Clerk of the City Council, City of Newport Beach, California I HEREBY CERTIFY that the enclosed Engineer's Report, together with the Assessment and Assessment Diagram thereto attached was recorded in my office on the , 2004. Superintendent of Streets City of Newport Beach, California day of MuniFinancial Page 13 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) Section IV MAXIMUM ANNUAL ADMINISTRATIVE COST In addition to or as a part of the assessment lien levied against each parcel of land within the Improvement District, an annual administrative assessment shall be levied on each parcel of land and subdivision of land within the Assessment District to pay for necessary costs and expenses incurred by the City of Newport Beach, and not otherwise reimbursed, resulting from the administration and collection of assessments, or both from the administration or registration of any bonds and reserve or other related funds. The annual administrative assessment is authorized pursuant to the provisions of $1020469 of the Streets & Highways Code. The annual administrative assessment shall not exceed $50.00 per individual assessment parcel and will be collected in the same manner and in the same installments as the assessment levied to pay the cost for the Works of Improvement. This annual administrative assessment is subject to an annual increase, based upon increases in the Consumer Price Index (CPI) during the preceding year ending]anuary, for all Urban Consumers in the Los Angeles - Riverside - Orange County areas. The exact amount of the administrative assessment shall be established each year by the Superintendent of Streets MuniPinancial Page 14 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) CITY OF NEWPORT BEACH Section V ASSESSMENT DIAGRAM & BOUNDARY MAP Pursuant to the Act, a Diagram showing the Assessment District, the boundaries, and the dimensions of the subdivisions of ]and within the Assessment District as they existed at the time of the passage of the Resolution of Intention is filed with and made a part of this Report and part of the assessment. Each of the subdivisions of ]and, parcels, or lots will be given a separate number on the Assessment Diagram, which corresponds with the assessment number shown on the Assessment Roll (Exhibit C). The Assessment Diagram and Boundary Map in a reduced -scale format follows. 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Jaa -Q<; �\ /\ / \// / / / \// Z; 7003 �2 3 « \ is aga § � � . : 0 R $ � M \ � | ƒ �< ! § � ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) Section VI GENERAL DESCRIPTION OF ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) 510100 of the Act provides for the legislative body of any municipality to finance certain capital facilities and services within or along its streets or any public way or easement. The proposed improvements, allowed under the Act and subject of this report, will be constructed in the area referred to as Assessment District No. 68 (Newport Shores) and are briefly described as follows: The Assessment District generally includes properties that are referred to as the Assessment District No. 68 (Newport Shores) area. This area is located in the western portion of the City and generally includes those properties along Canal Street; 62nd Street; 6151 Street; Newport Shores Drive; Grant Street; Fern Street; Orange Street; Colton Street; Lugonia Street; Walnut Street; Cedar Street; Prospect Street and Sunset Drive. The Canal acts as the northern boundary; the Santa Ana River provides the northwestern boundary while Coast Highway West delineates the District's southern boundary. The Assessment District is comprised primarily of residential and commercial properties with a publicly owned park situated on three parcels within the District boundaries. Residential properties include single - family units (457 parcels) and multi- family units (77 parcels). There are 33 commercial parcels within the District and three (3) City owned park parcels. Acreage ascribed to the commercial properties is negligible. DESCRIPTION OF WORK The following is a description of the planned improvements for the entire Assessment District. A. UNDERGROUNDING OF OVERHEAD UTILITY LINES Undergrounding of overhead utility lines in Assessment District No. 68 (Newport Shores) includes demolition of existing hardscape, trenching, installing new utility vaults needed to receive the conduits and transformers, laying the conduit lines into the trenches, backfilling and compacting the trenches per code, re- paving the street, switching service to the underground system, removing the existing overhead poles and wires and completion of any ancillary improvements. Improvements will be designed by the Southern California Edison Company, SBC Communications and Adelphia Cable. The City of Newport Beach will be responsible for the street repair work associated with the undergrounding and inspect all work to insure conformance to applicable city standards and specifications. In order to install the underground utility system, the streets and alleyways will need to be saw cut and refurbished. The Assessment District will refurbish the roadways throughout the Assessment District. The existing alleyways are very old and it is not possible to saw cut any uniform trench width for the installation of the underground system house laterals. Since it is not possible to patch the existing alleyways, the Assessment District will reconstruct them to City standards. Once completed, the underground facilities will become the property and responsibility of Southern California Edison, SBC Communications and Adelphia Cable. MuniFinancial Page 15 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) As conversion of individual service connections on private property is not included in the work being completed by the Assessment District, property owners within the Assessment District will be responsible for arranging and paving for required work on his or her property to connect facilities constructed by the public utilities in the public right -of -way to the point of connection on their private property. It is estimated that the undergrounding project will be completed eight (8) months after the bond sale. Property owners are required to provide permitted and approved underground connections no more than 10 months after the completion of the undergrounding project. Failure to convert individual service connections on private property map lead to a recommendation to the City Council that the public utilities be directed to discontinue service to said property. Overhead facilities cannot be removed until all overhead service has been discontinued. MuniFinancial Page 16 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) RIGHTS -OF -WAY CERTIFICATE CITY OF NEWPORT BEACH COUNTY OF ORANGE STATE OF CALIFORNIA The undersigned, under penalty of perjury, CERTIFIES as follows: That at all time herein mentioned, the undersigned was, and now is, the authorized representative of the duly appointed SUPERINTENDENT OF STREETS for the City of Newport Beach, California. That there have now been instituted proceedings under the provisions ofArticleXIIID of the California Constitution, and the "Municipal Improvement Act of 1913," being Division 12 of the Streets and Highways Code of the State of California, for the construction of certain public improvements in a special assessment district know and designated as Assessment District No. 68 (Newport Shores). THE UNDERSIGNED STATES AND CERTIFIES AS FOLLOWS: It is acknowledged that the proposed Works of Improvement must be located within public rights -of- way, land, or easements owned by or licensed to the City of Newport Beach, County of Orange, State of California, at the time of the construction of the Works of Improvements, and the undersigned hereby further certifies that all rights -of -Way necessary, for the Works of Improvements will be obtained and in the possession of the City, County or State prior to construction by the City of Newport Beach. '1H EXECUTED this 7 day of JUNe , 2004, at the City of N�ort Beach. Su mendent of Street tty of Newport Beach State of California MuniFinancial Page 17 City of Newport Beach ENGINEER'S REPORT ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) CERTIFICATE OF COMPLETION OF ENVIRONMENTAL PROCEEDINGS CITY OF NEWPORT BEACH COUNTY OF ORANGE STATE OF CALIFORNIA The undersigned, under penalty of perjury, CERTIFIES as follows: 1. The improvements to be constructed under the proceedings in Assessment District No. 68 (Newport Shores) are categorically exempt from the provisions of the California Environmental Quality Act (CEQA) under the provisions of Paragraph 15302, Class 2 (d) of "Guidelines For Implementation of the California Environmental Quality Act ", as adopted by the Secretary for Resources of the State of California, June 1992. 2. The undergrounding to be done under Assessment District No. 68 (Newport Shores) is categorically exempt from the requirement for the preparation of environmental documents under the California Environmental Quality Act guidelines because the Secretary for Resources has found that conversion of overhead electric utility distribution system facilities to underground locations where the surface is restored to the condition prior to the undergrounding, does not have a signitI ant effect on the environment, and are declared to be categorically exempt. 3. A Notice of Exemption has been filed in the office of the County Clerk of Orange County, California. A copy of the Notice of Exemption marked "Exhibit J - 2" is attached to this Report and is hereby made a part of this Report. 4. All environmental evaluation proceedings necessary for the formation of Assessment District No. 68 (Newport Shores) pursuant to the provisions of the "Municipal Improvement Act of 1913" being Division 12 of the Streets Fr Highways Code of the State of California have been completed to my satisfaction, and no further environmental proceedings are necessary. Executed this / day of V y'1C , 200 'V , at Newport Beach, California. MuniFinancial Page 18 City of Newport Beach RESOLUTION NO. 2004 - 45 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH MAKING FINDING ON A PETITION FOR, ADOPTING A MAP SHOWING THE PROPOSED BOUNDARIES OF, AND MAKING APPOINTMENTS FOR PROPOSED ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) WHEREAS, this legislative body has received from certain property owners an executed petition (the "Petition ") requesting the formation of a special assessment district, to be designated as Assessment District No. 68 (Newport Shores) (the "Assessment District "), to provide for the conversion of certain overhead electrical and communication facilities to underground locations as described in the Petition, together with appurtenances and appurtenant work in connection therewith, pursuant to the terms and provisions of the ordinances of the City of Newport Beach and the "Municipal Improvement Act of 1913 ", being Division 12 of the Streets and Highways Code of the State of California (the "Act "); and WHEREAS, the Development Engineer of the City of Newport Beach has certified to this legislative body that the Petition has been signed by owners owning more than fifty percent (50 %) in area of all assessable property within the boundaries of the proposed Assessment District, and WHEREAS, this legislative body has been presented and has received a map (the "Map ") showing and describing the boundary of the area proposed to be assessed in the Assessment District; NOW, THEREFORE, BE IT Determined, Resolved, and Ordered as follows: SECTION 1. The above recitals are all true and correct. SECTION 2. The Petition shall be retained as a permanent record and remain open to public inspection. SECTION 3. The Map is hereby approved and adopted. The original map of the boundaries of the proposed Assessment District and one copy thereof is to be filed in the Office of the City Clerk. SECTION 4. A certificate shall be endorsed on the original Map and on at least one copy of the Map evidencing the date and adoption of this Resolution, and within fifteen (15) days after the adoption of a resolution fixing the time and place of hearing on the formation or extent of the Assessment District, a copy of the Map shall be filed with the correct and proper endorsements thereon with the County Recorder, all in the manner and form provided in Section 3111 of the Streets and Highways Code of the State of California. SECTION 5. Stephen G. Badum P.E., Director of Public Works for the City of Newport Beach, is hereby appointed to perform all of the duties and functions of the Superintendent of Streets for the Assessment District as said duties are specified and designated in the Act. The place for recordation of the assessment roll and diagram shall be in the office of the appointed Superintendent of Streets, and said assessment roll and diagram, upon recordation, shall be kept as a permanent record. SECTION 6. The Daily Pilot is hereby designated as the newspaper for all publications as required by law and as necessary for the Assessment District proceedings. SECTION 7. The firm of MuniFinancial is hereby appointed the Assessment Engineer for the Assessment District proceedings and the contract for services submitted is hereby approved. SECTION 8. The firm of Fieldman Rolapp & Associates is hereby appointed the Financial Advisor for the Assessment District proceedings and the contract for services submitted is hereby approved. SECTION 9. The firm of Stradling Yocca Carlson & Rauth is hereby appointed the Disclosure Counsel for the Assessment District proceedings and the contract for services submitted is hereby approved. SECTION 10. Robert E. Hessell, attorney at law, is hereby appointed to act as Bond Counsel for the Assessment District and the contract for services submitted is hereby approved. SECTION 11. This legislative body hereby authorizes the establishment of a special improvement fund for the Assessment District and into the improvement fund shall be placed all proceeds from the sale of Assessment District bonds and cash collections. In order to expedite the improvements to be made under the Assessment District proceedings and as authorized by law, funds from any available source may be transferred into the special improvement fund. Any funds transferred into the special improvement fund (other than proceeds from the sale of Assessment District bonds and cash collections) shall be deemed a loan to the fund and shall be repaid out of the proceeds of the sale of Assessment District bonds as authorized by Section 10210 of the Streets and Highways Code of the State of California. 2 PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the City of Newport Beach, held on the 8th day of June, 2004, by the following vote: AYES: Adams, Bromberg, Webb, Nichols, Mayor Ridgeway NOES: hone ABSENT: Heffernan ABSTAIN: Rosansky ATTEST: City Clerk 3 / ` r l�J Mayor STATE OF CALIFORNIA } COUNTY OF ORANGE } ss. CITY OF NEWPORT BEACH } I, LaVonne M. Harkless, City Clerk of the City of Newport Beach, California, do hereby certify that the whole number of members of the City Council is seven; that the foregoing resolution, being Resolution No. 2004 -45 was duly and regularly introduced before and adopted by the City Council of said City at a regular meeting of said Council, duly and regularly held on the Soh day of June, 2004, and that the same was so passed and adopted by the following vote, to wit: Ayes: Adams, Bromberg, Webb, Nichols, Mayor Ridgeway Noes: None Absent: Heffernan Abstain: Rosansky IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the official seal of said City this 9th day of June, 2004. (Seal) City Clerk Newport Beach, California RESOLUTION NO. 2004- 46 RESOLUTION DECLARING INTENTION TO ORDER THE CONSTRUCTION OF CERTAIN IMPROVEMENTS IN PROPOSED ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES), DECLARING THE IMPROVEMENTS TO BE OF SPECIAL BENEFIT, DESCRIBINGTHE DISTRICT TO BE ASSESSED TO PAY THE COSTS AND EXPENSES THEREOF, PROVIDING FOR THE ISSUANCE OF BONDS, AND TO DESIGNATE THE AREA AN UNDERGROUND UTILITIES DISTRICT WHEREAS, this legislative body has instituted proceedings for the formation of a special assessment district designated as Assessment District No. 68 (Newport Shores) (hereinafter referred to as the "Assessment District') to provide forthe conversion of certain overhead electrical and communication facilities to underground locations, together with appurtenances and appurtenant work in connection therewith, pursuant to the terms and provisions of the "Municipal Improvement Act of 1913 ", being Division 12 of the Streets and Highways Code of the State of California (the "Act'); WHEREAS, this legislative body further desires to ascertain whether area comprising the Assessment District should be designated an underground utilities district pursuant to Chapter 15.32 of the Code of Ordinances of the City of Newport Beach (the „City.,); WHEREAS, the conversion of the overhead electrical and communication facilities to underground locations, togetherwith appurtenances and appurtenantwork in connection therewith, is to be done to further public safety and welfare and to improve aesthetics within the area of the Assessment District; WHEREAS, this legislative body has been presented and has received a map (the "Map ") showing and describing the boundary of the area proposed to be assessed in the Assessment District; WHEREAS, the assessment proceedings for the Assessment District were initiated by owners of the real property; NOW THEREFORE, Be it Determined, Resolved, and Ordered by the City Council of the City as follows: DECLARATION OF INTENTION SECTION 1. The public interest and convenience require, and it is the intention of this legislative body to order, pursuant to the Act, the construction of the public improvements hereinafter described in and forthe Assessment District, to assess the cost thereof against the real property specially benefited thereby, and to designate the area an underground utilities district. DESCRIPTION OF IMPROVEMENTS SECTION 2. The public improvements to be constructed and the manner of the construction are generally described as follows: A. The improvements generally consist of the conversion of existing overhead electrical and communication facilities to underground locations within the area shown on the Map, togetherwith appurtenances and appurtenant work thereto, all to serve and specially benefit the properties within Assessment District No. 68 (Newport Shores). B. All rights -of -way and easements required for the improvements shall be shown upon the plans to be made a part of the Assessment Engineer's Report (described below) and to be filed with these proceedings. C. All of the improvements to be constructed are to be installed at the places and in the particular locations, and to the sizes, dimensions and materials, and to the lines, grades and elevations, as shown and delineated upon the plans, profiles and specifications all to be made a part of the Assessment Engineer's Report. D. The description of the improvements contained in this Resolution is general in nature, and the plans and profiles of the work as contained in the Assessment Engineer's Report shall be controlling as to the correct and detailed description thereof. DESCRIPTION OF ASSESSMENT DISTRICT SECTION 2. The improvements are of special benefit to the real property within the Assessment District, and this legislative body hereby makes the expenses of the construction of such improvements chargeable upon the Assessment District, which is described as follows: All real property and other territory in the proposed Assessment District included within the exterior boundary lines shown on the Map described above, which Map, entitled 'Proposed Boundaries Assessment District No. 68 (Newport Shores)," was previously approved by this legislative body, exhibits the property specially benefited and proposed to be assessed to pay the costs and expenses of the construction of the work and improvements, and is on file with the transcript of these proceedings. For all particulars as to the boundaries of the Assessment District, reference is hereby made to the boundary Map. 2 REPORT OF THE ASSESSMENT ENGINEER SECTION 3. The proposed improvements are hereby referred to MuniFinancial (the "Assessment Engineer'), who is hereby directed to make and file a report as required by the Improvement Act, The Special Assessment Investigation, Limitation, and Majority Protest Act of 1931, Article XIIID of the Constitution of the State of California, and the Omnibus Proposition 218 Implementation Act (Government Code Section 53750), such report (the "Assessment Engineer's Report ") shall be in writing and contain the following: A. Plans and specifications of the improvements proposed to be constructed; B. An estimate of the cost of the construction of the improvements proposed to be constructed, including the cost of the incidental expenses, in connection therewith; C. A diagram showing the Assessment District, which shall also show the boundaries and dimensions of the respective real property and otherterritory within such Assessment District, as the same existed at the time of the passage of this Resolution of Intention, each of which subdivisions shall be given a separate number upon such diagram; D. The proposed assessment of the assessable costs and expenses of the construction of the proposed improvements upon the real property in the Assessment District in proportion to the estimated special benefits to be received by the real property, respectively, from such improvements. Such assessment shall refer to such real property upon such diagram by the respective numbers thereof; E. The description of the improvements proposed to be constructed under these proceedings. When any portion or percentage of the assessable costs and expenses of the construction of the improvements is to be paid from sources otherthan assessments, the amount of such portion or percentage shall first be deducted from the total estimated costs and expenses of such construction, and such assessment shall include only the remainder of the estimated costs and expenses. The assessment shall refer to the subdivisions by their respective numbers as assigned pursuant to subparagraph D above. BONDS SECTION 4. Notice is hereby given that bonds to represent the unpaid assessments, and bear interest at the rate of not to exceed the current legal maximum rate of 12% per annum, will be issued hereunder in the manner provided in the Improvement Bond Act of 1915 (Streets and Highways Code Section 8500, et seq.), which bonds shall be issued for a term not to exceed the legal maximum term as authorized by law, namely, thirty -nine (39) years from the second day of September next succeeding twelve (12) 3 months from their date. The provisions of Part 11.1 of the Act, providing an alternative procedure for the advance payment of assessments and the calling of bonds shall apply. The principal amount of the bonds maturing each year shall be other than an amount equal to an even annual proportion oftheaggregate principal ofthe bonds, and the amount of principal maturing in each year, plus the amount of interest payable in that year, will be generally an aggregate amount that is equal each year, except for the first year's adjustment. Pursuant to the provisions of the Improvement Act and specifically Streets and Highways Code Section 10603, the Treasurer is hereby designated as the officerto collect and receive the assessments during the cash collection period. CONSTRUCTION SECTION 5. Except as may otherwise be provided for in the issuance of the bonds described above, all of the improvements shall be constructed pursuant to the provisions of the Act. SURPLUS FUNDS SECTION 6. If any excess shall be realized from the assessment, it shall be used, in such amounts as the legislative body may determine, in accordance with the provisions of law for one or more of the following purposes: A. Transfer to the general fund; provided that the amount of any such transfer shall not exceed the lesser of One Thousand Dollars ($1,000,00) or five percent (5 %) of the total from the Improvement Fund; B. As a credit upon the assessment and any supplemental assessment; C. For the maintenance of the improvements; or D. To call bonds. IMPROVEMENT FUND SECTION 7. The legislative body hereby establishes a special improvement fund identified and designated by the name of this Assessment District, and into such Fund monies may be transferred at any time to expedite the construction of the authorized improvements, and any such advancement of funds is a loan and shall be repaid out ofthe proceeds of the sale of bonds as authorized by law. PROCEEDINGS INQUIRIES SECTION 8. For any and all information relating to these proceedings, including information relating to protest procedure, your attention is directed to the person designated below: Patrick Arciniega, Project Engineer City of Newport Beach P.O. Box 1768 Newport Beach, California 92658 (949) 644 -3347 PUBLIC PROPERTY SECTION 9. All public property shall be subject to assessment in these proceedings. RIGHTS -OF -WAY SECTION 10. The public interest, convenience and necessity requires that certain land, rights -of -way or easements be obtained in order to allow the works of improvement as proposed for this Assessment District to be accomplished. The Assessment Engineer's Report, upon adoption, shall provide certification that the land, rights -of -way or easements have been acquired or will be acquired as part of the construction of the improvements. NO CITY LIABILITY SECTION 11. This legislative body hereby declares the City will not obligate itself to advance available funds from the City treasury to cure any deficiency that may occur in the bond redemption fund for the Assessment District. ANNUAL ADMINISTRATIVE ASSESSMENT SECTION 12. It is hereby declared that this legislative body proposes to levy an annual assessment pursuant to Section 10204 of the Streets and Highways Code of the State of California, such annual assessment to pay costs incurred by the City and not otherwise reimbursed which result from the administration and collection of assessments and from the administration and registration of assessment bonds and the related bond funds. UTILITY IMPROVEMENTS SECTION 13. Pursuantto Section 101 10oftheStreetsand HighwaysCodeof the State of California, it is also the intention of this legislative body with respect to the improvements to be owned managed or controlled by any other public agency, regulated public utility, or mutual water company, prior to ordering the construction of improvements, to enter into an agreement with each public utility company or public agency, or any combination thereof with respect to the improvements to be owned, controlled or managed by the utility or agency. PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the City of Newport Beach, held on the 8th day of June, 2004, by the following vote: AYES: Adams, Bromberg, Webb, Nichols, Mayor Ridgeway NOES: None ABSENT: Heffernan ABSTAIN: Rosansky ATTEST: 6U -&) • %�/� City Clerk 0 Mayor STATE OF CALIFORNIA } COUNTY OF ORANGE } ss. CITY OF NEWPORT BEACH } I, LaVonne M. Harkless, City Clerk of the City of Newport Beach, California, do hereby certify that the whole number of members of the City Council is seven; that the foregoing resolution, being Resolution No. 2004 -46 was duly and regularly introduced before and adopted by the City Council of said City at a regular meeting of said Council, duly and regularly held on the 8th day of June, 2004, and that the same was so passed and adopted by the following vote, to wit: Ayes: Adams, Bromberg, Webb, Nichols, Mayor Ridgeway Noes: None Absent: Heffernan Abstain: Rosansky IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the official seal of said City this 9th day of June, 2004. (Seal) C� M. 9'k City Clerk Newport Beach, California RESOLUTION NO. 2004- 47 RESOLUTION GIVING PRELIMINARY APPROVAL TO THE REPORT OF THE ASSESSMENT ENGINEER FOR ASSESSMENT DISTRICT NO. 68 (NEWPORT SHORES) AND AN UNDERGROUND UTILITIES DISTRICT, SETTING A TIME AND PLACE FOR A PUBLIC HEARING THEREON, AND ORDERING THE INITIATION OF ASSESSMENT BALLOT PROCEDURES WHEREAS, this legislative body has instituted proceedings for the formation of a special assessment district designated as Assessment District No. 68 (Newport Shores) (hereinafter referred to as the "Assessment District') to provide forthe conversion of certain overhead electrical and communication facilities to underground locations, together with appurtenances and appurtenant work in connection therewith, pursuant to the terms and provisions of the "Municipal Improvement Act of 1913 ", being Division 12 of the Streets and Highways Code of the State of California (the "Act'); WHEREAS, the Assessment District area should be designated an underground utilities district pursuant to Chapter 15.32 of the Code of Ordinances of the City of Newport Beach (the "Ordinance "); WHEREAS, a resolution of intention (the "Resolution of Intention ") forthe formation of the Assessment District and the utility conversion was previously adopted by this legislative body; WHEREAS, there has been prepared and filed with this legislative body for its consideration a Report of the Assessment Engineer (the 'Report") as provided for in and required by the Resolution of Intention, Sections 10203 and 10204 of the Act, The Special Assessment Investigation, Limitation, and Majority Protest Act of 1931, Article XIIID of the Constitution of the State of California ( "Article XIIID "), and the Proposition 218 Omnibus Implementation Act (commencing with Section 53750 of the Government Code) (the "Implementation Act") (the Act, Article XIIID, and the Implementation Act are referred to herein collectively as the "Assessment Law ") and the Ordinance; NOW, THEREFORE, It is hereby Determined, Resolved, and Ordered as follows: SECTION 1. The above recitals are all true and correct. SECTION 2. The Report is adopted, passed upon, and preliminarily approved, as follows: A. The plans and specifications for the proposed improvements to be constructed, as contained in the Report, are hereby preliminarily approved and adopted; B. The Assessment Engineer's estimate of the itemized and total costs and expenses of the construction of the improvements and of the incidental expenses in connection therewith contained in the Report, and each of them are hereby preliminarily approved and adopted; C. The diagram showing the Assessment District referred to and described in the Resolution of Intention, and also the boundaries and dimensions of the respective real property interests within the Assessment District, as the same existed at the time of the passage of said Resolution of Intention, each of which have been given a separate number upon the diagram, as contained in the Report, is hereby preliminarily approved and adopted; D. The proposed assessment upon the several property interests in the Assessment District, in .proportion to the estimated special benefits to be received by such property interests, respectively, from the improvements to be constructed, and of the incidental expenses thereof, as contained in the Report, are hereby preliminarily approved and adopted; E. The descriptions of the improvements to be constructed contained in the Report are hereby preliminarily approved. SECTION 3. The Report shall stand as the Assessment Engineer's Report for the purpose of all subsequent proceedings had pursuant to the Resolution of Intention. SECTION 4. NOTICE IS HEREBY given that the City Council of the City Of Newport Beach will hold a public hearing on the assessment district, the proposed assessments, and the designation of the area as an underground utilities district at its regular meeting place, being the Council Chambers at 3300 Newport Boulevard, Newport Beach, California, on July 27, 2004 at 7:00 p.m. Pursuant to the provisions of the Assessment Law, each record owner of property that is subject to the assessment has the right to submit an assessment ballot in favor of or in opposition to the proposed assessment. Assessment ballots will be mailed to the record owner of each property interest located within the assessment district and subject to a proposed assessment. Each such owner may complete such ballot and thereby indicate their support for or opposition to the proposed assessment. All such ballots must be received by the City Clerk at the following address at or before the time set for the close of the public hearing: City Clerk City of Newport Beach 3300 Newport Boulevard Newport Beach, CA 92658 A postmark prior to such date and time will not be sufficient. 2 At the conclusion of the public hearing, the City Council shall cause the assessment ballots timely received to be opened and tabulated. If a majority protest exists, the City Council shall not impose an assessment within the assessment district. A majority protest exists if, upon the conclusion of the public hearing, assessment ballots submitted in opposition to the assessments within the assessment district exceed the ballots submitted in favor of such assessments. In tabulating the ballots, the ballots shall be weighted according to the proportional financial obligation of the affected property. SECTION 5. The City Clerk is hereby directed to mail, in the form and manner prescribed in the Assessment Law and at least 45 days prior to the date of the public hearing, notice of the public hearing and the adoption of the Resolution of Intention and of the filing of the Report, togetherwith the assessment ballot materials, to the record owners of all real property proposed to be assessed. SECTION 6. The City Clerk is hereby further directed to file a copy of the proposed boundary map in the Office of the County Recorderwithin fifteen (15) days of the adoption of this resolution; said boundary map to be filed in the manner and form as set forth in Division 4.5 of the Streets and Highways Code of the State of California. PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the City of Newport Beach, held on the 8th day of June, 2004, by the following vote: AYES: Adams, Bromberg, Webb, Nichols, Mayor Ridgeway NOES: None ABSENT: Heffernan ABSTAIN: Rosansky ATTEST: %M.k City Clerk 3 Mayor STATE OF CALIFORNIA } COUNTY OF ORANGE } ss. CITY OF NEWPORT BEACH } I, LaVonne M. Harkless, City Clerk of the City of Newport Beach, California, do hereby certify that the whole number of members of the City Council is seven; that the foregoing resolution, being Resolution No. 2004 -47 was duly and regularly introduced before and adopted by the City Council of said City at a regular meeting of said Council, duly and regularly held on the 8th day of June, 2004, and that the same was so passed and adopted by the following vote, to wit: Ayes: Adams, Bromberg, Webb, Nichols, Mayor Ridgeway Noes: None Absent: Heffernan Abstain: Rosansky IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the official seal of said City this 9th day of June, 2004. (Seal) City Clerk Newport Beach, California