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HomeMy WebLinkAboutTT 4399 PORTOLA AVENUE PORTOLA COUNTRY CLUB 1973 DEPARTMENT OF REAL ESTATE OF THE STATE OF CALIFORNIA TELEPHONE NO. (213) 620-2700 In the matter of the application of FINAL SUBDIVISION ' 1-1 L _ PUBLIC REPORT pa i PORTOLA GOLF RANCHOS, LTD. :'.'J G 7 r FILE NO. 33698 a limited partnership COU iv ISSUED• NOVEMBER 26, 1973 for a Fina Subdivisi Public Report on AMENDED: JUNE 3, 1977 TRACT 4399 PORTOLA M COUNTRY CLUB BUiLDii� D:=i'ARTNIciVT EXPIRES: NOVEMBER 25, 1978 RIVERSIDE COUNTY, CALIFORNIA This Report Is Not a Recommendation or Endorsement of the Subdivision But Is Informative Only. Buyer or Lessee Must Sign That He Has Received and Read This Report. This Report Expires on Date Shown Above. If There Has Been a Material Change in the Offering, 'an Amended Public Report Must Be Obtained and Used in Lieu of This Report. Section 35700 of the California Health and Safety Code provides that the practice of discrimination because of race, color, religion, sex, marital status, national origin or ancestry in housing accommodations is against public policy. Under Section 125.6 of the California Business and Professions Code, California real estate licensees are subject to disciplinary action by the Real Estate Commissioner if they make any discrimination, distinction or restriction in negotiating a sale or lease of real property because of the race, color, sex, religion, ancestry or national origin of. the prospective buyer. If any prospective buyer or lessee believes that a licensee is guilty of such conduct, he or she should contact the Department of Real Estate. Information Regarding Schools can be found on Page five of this Report. READ THE ENTIRE REPORT on the following pages before contracting to purchase a lot in this SUBDIVISION. R/E Form 618 10176 i SPECIAL NOTES THIS AMENDED REPORT COVERS ONLY LOTS 1-11 , 14, 18-42, 44-62, 65, 68, 71-75, 78-809 82-95, 97, 98, 103-109, 111-114, 117-125, 129-138, 142-151 , 156-160, 162-165, 167-169, 173-175, 181 , 183-202, 206-218, 220-231 , 234-240, 242, 243, 245, 246, 248-272 AND 274-289. THIS IS A MOBILE HOME SUBDIVISION. THIS IS THE FIRST PHASE OF A PROJECT PROPOSED TO BE COMPLETED IN TWO PHASES WITH A TOTAL OF 681 RESIDENTIAL LOTS AND COMMON AREA LOTS. THERE IS NO AS- SURANCE THAT BOTH PHASES WILL BE COMPLETED AS PLANNED. THIS PROJECT IS A PLANNED DEVELOPMENT. IT INCLUDES COMMON AREAS AND COMMON FACILITIES WHICH WILL BE OPERATED BY All INCORPORATED OWNERS' ASSOCIATION. THE .ASSOCIATION HAS THE RIGHT TO LEVY ASSESSMENTS AGAINST YOU FOR MAINTE- NANCE OF THE COMMON AREAS AND OTHER PURPOSES. YOUR CONTROL OF OPERATIONS AND EXPENSES IS NORMALLY LIMITED TO THE RIGHT OF YOUR ELECTED REPRESENTA- TIVES TO VOTE ON CERTAIN PROVISIONS AT MEETINGS. PRIOR TO EXECUTION OF THE PURCHASE AGREEMENT THE DEVELOPER SHOULD PROVIDE YOU WITH A COPY OF THE ARTICLES OF INCORPORATION, RESTRICTIONS AND BYLAWS. THESE DOCUMENTS CONTAIN NUMEROUS MATERIAL PROVISIONS THAT SUBSTANTIALLY AFFECT AND CONTROL YOUR RIGHTS, PRIVILEGES, USE, OBLIGATIONS, AND COSTS OF MAINTENANCE AND OPERATION. YOU SHOULD READ AND UNDERSTAND THESE DOCUMENTS BEFORE YOU OBLIGATE YOURSELF TO PURCHASE A LOT. MOBILE HOME PARK OPERATORS ARE SUBJECT TO APPLICABLE PROVISIONS OF THE HEALTH AND SAFETY CODE, OTHER STATUTORY PROVISIONS AND THE REGULATIONS OF THE CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT FOR THE PROTECTION OF THE PUBLIC HEALTH, WELFARE AND SAFETY. FOR MORE DETAILED INFORMATION ON REQUIREMENTS TO WHICH YOU MAY BE SUBJECT AS A MOBILE HOME PARK OPERATOR, YOU SHOULD CONTACT THE DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT. THESE LAWS AND REGULATIONS ARE NOT APPLICABLE TO A PURCHASER WHO DOES NOT RENT OR LEASE HIS LOT TO ANOTHER PERSON. INTERESTS TO BE CONVEYED: You will receive fee title to a specified lot, together with a membership in Sun King Homeowners' Association and rights to use the common area. LOCATION AND SIZE: In unincorporated Riverside County, in the Town of Palm Desert. Approximately 67 acres divided into 289 residential lots and the common area which consists of Lots A through W and Lots AA through GG, on which community facilities consisting of a club house, swimming pool, jacuzzi, 9-hole golf course, putting green, and shuffleboard area, which have been constructed. MANAGEMENT AND OPERATION: The Sun King Homeowners' Association, which you must join, manages and operates the common area(s) in accordance with the Restrictions, Articles of Incorporation and the Bylaws. -2- of 5 pages FILE NO. 33698 (Amended) MAINTENANCE AND OPERATIO1 EXPENSES: The subdivider has emitted a budget for maintenance and operation of the common areas when the subdivision is substantially completed (built-out budget) and an interim budget. You should obtain copies of these budgets from the subdivider. Under the built-out budget, the monthly assessment against each subdivision lot will be $21.59. Under the interim budget, the monthly assessments per lot will be $33.90. According to the subdivider, assessments under the interim budget should be sufficient for proper maintenance and operation of the common areas until the development is substantially completed, at which time it may be anticipated that assessments will be lowered to conform to the built-out budget. IF THE BUDGET FURNISHED TO YOU BY THE DEVELOPER SHOWS A MONTHLY ASSESSMENT FIGURE WHICH VARIES 10% OR MORE FROM THE ASSESSMENT AMOUNT SHOWN IN THIS PUBLIC REPORT, YOU SHOULD CONTACT THE DEPARTMENT OF REAL ESTATE BEFORE EN- TERING INTO AN AGREEMENT TO PURCHASE. The association may increase or decrease assessments at any time in accordance with the procedure prescribed in the CC&Rs or Bylaws. In considering the advisability of a decrease in assessments, care should be taken not to eliminate amounts attributable to reserves for replacement or major maintenance. THE INFORMATION INCLUDED IN THIS PUBLIC REPORT IS APPLICABLE AS OF THE DATE OF ISSUANCE. EXPENSES OF OPERATION ARE DIFFICULT TO PREDICT ACCURATELY AND EVEN IF ACCURATELY ESTIMATED INITIALLY, MOST EXPENSES INCREASE WITH THE AGE OF FACILITIES AND WITH INCREASES IN THE COST OF LIVING. Monthly assessments will commence on all lots in a phase during the month following the closing of the first sale of a lot. From that time, the subdivider is required to pay the association a monthly assessment for each lot which he owns. The remedies available. to the association against owners who are delinquent in the payment of assessments are set forth in the CC&Rs. These remedies are available ' against the subdivider as well as against other owners. The subdivider has posted a bond. as partial security for his obligation to pay these assessments. The governing body of the association should assure itself that the subdivider has satisfied his obligations to the association with respect to the payment of assessments before agreeing to a release or exoneration of the security. EASEMENTS: Easements for utilities, rights-of-way, sewers and other purposes are shown on the title report and subdivision map recorded in the Office of the Riverside County Recorder, Book 77, Pages 31-36. USES AND ZONING: This tract is zoned R-T and can be used for mobile home subdivisions. RESTRICTIONS: This subdivision is subject to restrictions recorded in the Office of the Riverside County Recorder, June 22, 1973, Instrument No. 82000; Amended in the first, second, third and fourth Amendments recorded September,28, 1973, Instrument No. 127273; October 30, 1973, Instrument No. 141480; November 16, 1973, Instrument No. 149703; and March 14, 1974, as In t ment No. 29610, which include numerous provisions that affect and control the use o ie property. No person under 16 years of age may occupy any lot in this subdivision. A person is deemed to reside on an lot if he lives thereon for a period totaling 31 days or more during any three-month period. -3- of 5 pages FILE NO. 33698 (Amended) TAX ESTIMATES: If the subdivider is unable to give you the current tax information, you may approximate your taxes as follows: TAKE 25" OF THE SALES PRICE, DIVIDE BY 100, AND THEN MULTIPLY BY THE TOTAL TAX RATE. THE TAX RATE FOR THE 1976/77 FISCAL YEAR IS $12. 196. THE TAX RATE AND ASSESSED VALUATION MAY CHANGE IN SUBSEQUENT YEARS. FOR EXAMPLE, ANY BONDED DEBT OR SPECIAL DISTRICT ASSESSMENT APPROVED AFTER THE ABOVE TAX RATE HAD BEEN SET COULD INCREASE TH8 FUTURE RATE. CONDITIONS OF SALE: If your purchase involves financing, a form of deed' of trust and note will be used. These documents contain the following provisions: An acceleration clause. This means that if you sell the property or use it as a security. for another loan, the lender may declare the entire unpaid loan balance immediately due and payable. A Drepavment penalty. This means that if you wish to payoff your loan in whole or in part before it is due, you may be required to pay an additional. amount as a penalty in accordance with the terms of the loan. A late charge. This means that if you are late in making your monthly loan payment, you may have to pay an additional amount as a penalty PURCHASE MONEY HANDLING: The subdivider must impound all funds received from you in an escrow depository until legal title is delivered to you. (.Refer to Sections 11013, 11013.2(a), Business and Professions Code.) Your purchase money will be returned if you are not in default and escrow has not closed after six months from opening date. GEOLOGIC CONDITIONS: The State of California Division of Mines and Geology reports the following: "In some parts of this area, the action of prevailing winds may result in problems due to drifting sand. If construction is planned in the vicinity of active dunes in the area, preventive measures .may be necessary to avoid the possible encroachment of due sand. A consultant report by a civil en- gineer evaluating this condition is on file with the developer." FLOOD AND DRAINAGE: The Coachella Valley County [dater District reports that this tract lies on the Whitewater River flood plain and is protected from storm water flows by the Coachella Valley Stormwater Channel and Dikes built and maintained by the district. This tract may be considered safe from stormwater flows except in rare instances. FIRE PROTECTION: Fire protection furnished by California Division of Forestry with the Palm Desert County Fire Station responding to this area. SEWAGE DISPOSAL: A $5.00 per month rate is charged as a sewerage disposal service charge. STREETS AND ROADS: The. private streets inside the project will be maintained by the aassociation. -4- of 5 pages FILE NO. 33698 (Amended) a s PUBLIC TRANSPORTATION: ,ularly scheduled public transp, ation service is not avail- able. SCHOOLS:OOLS: The Desert Sands Unified School District advises that the location and dis- tance from the most distant lot in the tract to the nearest schools serving this tract are as follows: SCHOOLS I 'TANCE BUS AVAILABLE CHARGES Washington Elementary (K-2) 2-1/4 Miles Yes None 45-768 Portola Palm Desert Lincoln Elementary School (3-5) 1 Mile No 74-100 Rutledge Way, Palm Desert Palm .Desert diddle School (6-8) 1 Mile No 74-100 Rutledge Way Palm Desert Indio High School (9-12) 10-1/4 Miles Yes None 81-750 Avenue 46 Indio NOTE: This school information was provided by the school district prior to issuance of the public report. Purchasers may contact the local school district offices for any changes in school assignments, facilities and bus service. For further information in regard to this subdivision, you may call (213) 620-2700, or examine the documents at the Department of Real Estate, 107 South Broadway, Room 8136, Los Angeles, California 90012. BM/klm -5- and last FILE NO. 33698 (Amended)