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2005 Notice of Property Assessment ChangeLARRY W. WARD COUNTY OF RIVERSIDE ASSESSOR -COUNTY CLERK -RECORDER SERNIOR AFFORDABLE HOUSING CORP., NO.3, C/O EXECUTIVE DIRECTOR 78-495 CALLE TAMPICO LA QUINTA, CA. 92553 Recorder P.O. Box 751 Riverside, CA 92502-0751 (951) 486-7000 http://riverside.asrclkrec.com DOC = 2005-0125554 02/16/2005 Larry W Ward County of Riverside Assessor, County Clerk & Recorder IMPORTANT — OFFICIAL NOTIFICATION — Do Not Discard Without Reading SUBJECT: LIEN NOTIFICATION Dear Customer Government Code Section 27297.5 requires that the county recorder notify you whenever an abstract of judgment or other document creating an involuntary lien affecting title to real property is recorded. Accordingly, YOU ARE HEREBY NOTIFIED that such a document which may constitute a lien affecting title to real property owned by you was recorded. The date of recording and the instrument number are listed above. This office is unable to provide any further information on this recording or legal advice. Information should be obtained from you legal advisor or you may desire to contact the claimant of the lien in respect to its release. You may view the document or a copy of the document may be obtained by visiting the Recorder's Office or a copy may be obtained by a letter request. To expedite service, you should provide the instrument number and date indicated above or present this notification when requesting a copy or to view the document. Fee, fixed by law, for a copy of a recorded document is $2.00 for the first page and $1.00 for each additional page. If certification of the document is desired, the fee is $1.00 in addition to the copy fee. County of Riverside, Recorder's Office ACR 136E-AS4EX0 (Rev. 01/2005) COUNTY OF RIVERSIDE LARRY W. WARD ASSESSOR -COUNTY CLERK -RECORDER 643090014-1 SENIOR AFFORDABLE HOUSING CORP NO 3 C/O EXECUTIVE DIRECTOR 78495 CALLE TAMPICO LA QUINTA CA 92553 COUNTY ADMINISTRATIVE CENTER 4080 Lemon Street, 1st Floor P.O. Box 12004 Riverside, CA 92502-2204 (951) 955-6200 http://Riverside.AsrClkRec.com Date: 07/06/2005 Assessment #: 643090014-1 Parcel ##: 643-090-014-1 Base Year: 2005 Property Identification: 78875 AVENUE 47 LA QUINTA CA 92253 NOTICE OF PROPERTY ASSESSMENT CHANGE The property referenced above has been reviewed by the Assessor's office for the 2005 assessment year. The assessment has changed as a result of the following reason(s): 1) partly completed new construction on the property as of January 1; 2) a value correction; 3) a change in the assessment or parcel number; or 4) a reinstatement of Factored Base Year Value (Prop. 13).* Assessed Values Land 2,346,000 Structures 9,418,000 Trees & Vines Trade Fixtures Business Personal Property Total Assessed Value 11,764,000 Homeowners' Exemption Other Exemption 11,764,000 Net Assessed Value 0 NO ACTION ON YOUR PART IS NECESSARY. The property tax bill you receive this fall will be based on the Net Assessed Value. Should you disagree with the value or have other questions, please see the reverse side of this notice. *Proposition 13 Value means the value at the time you acquired the property PLUS an annual inflation factor of no more than 2% per year. This value sets the upper limit on your taxable value each year. THIS IS NOT A TAX BILL Please see additional information on the back of this page. 012365 ACR 744-AS3VS0 (Rev. 06/2005) ADDITIONAL INFORMATION The Lien Date is January 1, 2005. Any ownership changes after that date will not be reflected on this notice or the 2005/2006 tax bill. If you disagree with the assessed value, you may file an appeal. To formally appeal your assessment, you may obtain an application for a hearing before the Assessment Appeals Board by writing the Clerk of the Board, P.O. Box 1628, Riverside, CA 92502-1628 or by calling (951) 955-1060. Applications must be filed between July 2, 2005 and November 30, 2005. After reviewing the application, if the Assessor and the property owner can stipulate to a mutually agreed upon value, the process allows the change in value without a formal hearing. The Board may accept the stipulation or reject it and set the matter for a hearing. This value becomes effective July 1, 2005 and may not reflect exemptions for which you may qualify. Base Year is defined as one of the following: 1) the assessment year 1975; 2) the assessment year you acquired the property; or 3) the assessment year of completion of new construction. The Base Year becomes effective on the lien date following the date of acquisition or completion of new construction. If you wish additional information, please contact the nearest Assessor's District office. Riverside: 4080 Lemon Street, County Administrative Center, 1st Floor (951) 955-6200, Monday through Friday, 9 AM to 4 PM Hemet: 880 N. State Street, ##B6, County Administrative Center (951) 766-2500, Monday through Friday, 9 AM to 12 PM and 1 PM to 4 PM Temecula: 41002 County Center Drive, ##230 (951) 600-6200, Monday through Friday, 9 AM to 12 PM and 1 PM to 4 PM Palm Springs: 3255 E. Tahquitz Canyon Way, ##114 (760) 778-2400, Monday through Friday, 9 AM to 12 PM and 1 PM to 4 PM Indio: 82675 Hwy 111, ##113 (760) 863-7800, Monday through Friday, 9 AM to 4 PM Blythe: 270 North Broadway (760) 921-7888, Wednesday Only, 9 AM to 12 PM and 1 PM to 4 PM A 24 hour automated, toll free information line is available for Riverside County residents with touch tone telephones and their 10 digit assessment numbers. To reach this number in the Metropolitan Riverside area, dial (951)955-6200. County residents outside the metropolitan area and within either the 951 or 760 area code may dial 1(800)746-1544. Those wishing information or to contact us through the Internet should use the Website address: http://Riverside.AsrClkRec.com ACR 744-AS3VS0 (Rev. 06/2005) = M E T R O S C A N PROPERTY P R O F I L E= Riverside (CA) **************************************************************************************** * * * <<< OWNERSHIP INFORMATION >>> * * * Parcel Number :643 090 014 S: T: R: Q: * Ref Parcel # :000 000 000 Pos Interest: * Owner Name :Senior Affordable Hsng Corp 3 * CoOwner * Site Address :*no Site Address* * Mail Address :78-495 Calle Tampico La Quinta Ca 92253 * Telephone :Owner: Tenant: * * ---------------------------------- * <<< SALES AND LOAN INFORMATION >>> * * * Transferred :08/15/2003 Loan Amount :$9,577,400 * Document # :627949 Lender :Secy Of Hsng & Urb * Sale Price Loan Type :Construction * Deed Type :Grant Deed Interest Rate :Fixed * % Owned :100 Vesting Type :Corporation * * * * * <<< ASSESSMENT AND TAX INFORMATION >>> -------------------------------------- * * * Land :$2,300,000 Exempt Type * Structure Exempt Amount * Other Tax Rate Area :20-024 * Total :$2,300,000 Taxes :$26,809.14 * % Improved * * * <<< PROPERTY DESCRIPTION >>> * * * Map Grid * Census :Tract: Block: * Land Use :C24 Vacant,Commercial Land * Legal :10.17 ACRES IN LOT 285 MB 214/069 * :TR 24230 * * * Sub/Plat :Tr 24230 * Book :214 Page:69 * * * <<< PROPERTY CHARACTERISTICS >>> * * Bedrooms Stories YearBuilt: AgPreserve * BathFull Units MiscImprv:No * Bath3Qtr Bldg SgFt: Street :Unpaved ADDITIONAL * BathHalf Gar SgFt Waterfrnt: * Fireplce :No Gar Type Elect Svc:None RmAddtns :No * Cntrl Ht :No Lot Acres:10.17 Gas Svc :None RmAddSF * CntrlA/C :No Lot SgFt :443,005 WaterSrce:None AddGarType * Pool :No Roof Type: SewerType:None OthrPkng * * **************************************************************************************** Information compiled from various sources. 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