GeoAssurance, Inc.smsold201.smsold.com/clients/05023/docs/160_NHD_RPD... · 2010. 7. 7. · *...

* GeoAssurance, Inc.

Report Number: RPD1001251025 Date: January 25, 2010 Agent:

Escrow Number: N/AAPN Number: 5636-004-089

Seller: 341 W Glen Oaks LLC

Residential Natural Hazard Disclosure

Subject Property: 341 West Glen Oaks Blvd #1

Glendale, CA 91202

Precise Information for

Informed Decisions

www.geoassurance.com 245 W Broadway, Suite 200 Long Beach, CA 90802

Phone: (562) 435-5100Fax: (562) 435-5113

E-mail: [email protected]

© All materials and logos are copyrighted by GeoAssurance, Inc.

NATURAL HAZARD DISCLOSURE STATEMENT This statement applies to the following property: APN 5636-004-089 Address: 341 West Glen Oaks Blvd #1, Glendale, CA 91202 The transferor and his or her agent(s) or a third-party consultant disclose the following information with the knowledge that even though this is not a warranty, prospective transferees may rely on this information in deciding whether and on what terms to purchase the subject property. Transferor hereby authorizes any agent(s) representing any principal(s) in this action to provide a copy of this statement to any person or entity in connection with any actual or anticipated sale of the property. The following are representations made by the transferor and his or her agent(s) based on their knowledge and maps drawn by the state and federal governments. This information is a disclosure and is not intended to be part of any contract between the transferee and transferor. THIS REAL PROPERTY LIES WITHIN THE FOLLOWING HAZARDOUS AREA(S): A SPECIAL FLOOD HAZARD AREA (Any type Zone "A" or "V")designated by the Federal Emergency Management Agency.

Yes No Information is not available from local jurisdiction AN AREA OF POTENTIAL FLOODING shown on a dam failure inundation map pursuant to Section 8589.5 of the Government Code.

Yes No Information is not available from local jurisdiction A VERY HIGH FIRE HAZARD SEVERITY ZONE pursuant to Section 51178or 51179 of the Government Code. The owner of this property is subject to the maintenance requirements of Section 51182 of the Government Code.

Yes No A WILDLAND AREA THAT MAY CONTAIN SUBSTANTIAL FOREST FIRE RISKS AND HAZARDS pursuant to Section 4125 of the Public Resources Code. The owner of this property is subject to the maintenance requirements of Section 4291 of the Public Resources Code. Additionally, it is not the state's responsibility to provide fire protection services to any building or structure located within the wildlands unless the Department of Forestry and Fire Protection has entered into a cooperative agreement with a Local agency for those purposes pursuant to Section 4142 of the Public Resources Code.

Yes No AN EARTHQUAKE FAULT ZONE pursuant to Section 2622 of the Public Resources Code.

Yes No A SEISMIC HAZARD ZONE pursuant to Section 2696 of the Public Resources Code.

Yes (Landslide Zone) No Map is not yet released by state Yes (Liquefaction Zone) No Map is not yet released by state

THESE HAZARDS MAY LIMIT YOUR ABILITY TO DEVELOP THE REAL PROPERTY TO OBTAIN INSURANCE, OR TO RECEIVE ASSISTANCE AFTER A DISASTER. THE MAPS ON WHICH THESE DISCLOSURES ARE BASED ESTIMATE WHERE NATURAL HAZARDS EXIST. THEY ARE NOT DEFINITIVE INDICATORS OF WHETHER OR NOT A PROPERTY WILL BE AFFECTED BY A NATURAL DISASTER. TRANSFEREE(S) AND TRANSFEROR(S) MAY WISH TO OBTAIN PROFESSIONAL ADVICE REGARDING THOSE HAZARDS AND OTHER HAZARDS THAT MAY AFFECT THE PROPERTY. Signature of Transferor(s)_____________________________________________________ Date________________________ Signature of Transferor(s)_____________________________________________________ Date________________________ Agent(s)___________________________________________________________________ Date________________________ Agent(s)___________________________________________________________________ Date________________________ Check only one of the following: ______Transferor(s) and their agent(s) represent that the information herein is true and correct to the best of their knowledge as of the date signed by the transferor(s) and agent(s). ___ __Transferor(s) and their agent(s) acknowledge that they have exercised good faith in the selection of a third-party report provider as required in Civil Code Section 1103.7, and that the representations made in this Natural Hazard Disclosure Statement are based upon information provided by the independent third-party disclosure provider as a substituted disclosure pursuant to Civil Code Section 1103.4. Neither transferor(s) nor their agent(s) (1) has independently verified the information contained in this statement and report or (2) is personally aware of any errors or inaccuracies in the information contained on the statement. This statement was prepared by the provider below: Third-Party Disclosure Provider(s) GeoAssurance, Inc. Date 1/25/2010____ Transferee represents that he or she has read and understands this document. Pursuant to Civil Code Section 1103.8, the representations made in this Natural Hazard Disclosure Statement do not constitute All of the transferor's or agent's disclosure obligations in this transaction.

Signature of Transferee(s)_______________________________________________________ Date___________________

Signature of Transferee(s)_______________________________________________________ Date___________________

* GeoAssurance, Inc. Report Number: RPD1001251025 Escrow Number: N/A Report Date: January 25, 2010

245 W Broadway, Suite 200 ● Long Beach, CA 90802 ● Phone (562) 435 5100 ● Fax (562) 435 5113 Page 3

Receipt of Acknowledgement For 341 West Glen Oaks Blvd #1, Glendale, CA 91202 APN 5636-004-089 The following disclosures have been received.

Natural Hazards Disclosure Military Ordnance Disclosure Commercial Industrial Disclosure Airport Proximity Disclosure Airport Noise Disclosure Radon Disclosure Local Hazards Disclosure Mello Roos and 1915 Bond Act Disclosure in California Tax Data Report. California Tax Data Report Combined Hazards Book which includes:*

• State of California Environmental Protection Agency “Residential Environmental Hazards: A Guide for

Homeowners, Homebuyers, Landlords and Tenants” • The United States Environmental Protection Agency “Protect Your Family From Lead In Your Home” • The State of California Seismic Safety Commission “The Homeowner’s Guide to Earthquake Safety”

Signature of Transferor

_________________________________ Date ________

Signature of Transferor

_________________________________ Date ________

Signature of Transferee

_________________________________ Date ________

Signature of Transferee

_________________________________ Date ________

Signature of Seller’s Agent

_________________________________ Date ________

Signature of Buyer’s Agent

_________________________________ Date ________

* The Combined Hazards Book is available at www.geoassurance.com/Forms/R_Combined_Books.pdf



Table of Contents

NATURAL HAZARD DISCLOSURE STATEMENT.....................................................................................2 RECEIPT OF ACKNOWLEDGEMENT ........................................................................................................3 TABLE OF CONTENTS ...............................................................................................................................4 SUMMARY....................................................................................................................................................5 NATURAL HAZARD ZONE MAP ................................................................................................................7 NATURAL HAZARD DISCLOSURES .........................................................................................................9 ADDITIONAL DISCLOSURES...................................................................................................................10 ADVISORY DISCLOSURES ......................................................................................................................12 LOCAL HAZARD DISCLOSURES ............................................................................................................13 TERMS, LIMITATIONS AND CONDITIONS..............................................................................................17

Property Address: 341 West Glen Oaks Blvd #1, Glendale, CA 91202

Assessor Parcel Number: 5636-004-089 Seller: 341 W Glen Oaks LLC

Please verify property location is correct

The disclosures are to be made on the statutory form which is to be executed by the parties and agents. Please note that this DISCLOSURE REPORT is a contract subject to the Terms, Limitations and Conditions on liability set forth herein.

Additional information is available on our website at www.GeoAssurance.com



Summary Disclosure Report for the target property at 341 West Glen Oaks Blvd #1, Glendale, CA 91202

Natural Hazard Disclosures Yes No No

Map*

A Special Flood Hazard Area An Area of Potential Flooding A Very High Fire Hazard Severity Zone A Wildland Area An Alquist – Priolo Earthquake Fault Zone A Seismic Hazard Landslide Zone A Seismic Hazard Liquefaction Zone

Additional Disclosures

Yes No No

Map*

A Military Ordnance Location (Formerly Used Defense FUD) - J09CA038100: - Glendale Army Airfield - Grand Central Airport Airport Influence Area An Area Possibly Experiencing Airport Noise Exceeding 65dB A Radon Area Within 1 Mile of Industrial Property A Farmland Area California Energy Commission Climate Zone 09 subject to requirement

Disclaimer No warranty expressed or implied is made whatsoever in connection with this report. Geo Assurance specifically disclaims the making of any warranties. GeoAssurance believes that the parcel level information in this report is the most current and accurate publicly available information. Please review the disclaimer, copyright and trademark notice at the end of this report. *No Map indicates that the disclosure map is not available from the governmental agency.



Summary (continued) Disclosure Report for the target property at 341 West Glen Oaks Blvd #1, Glendale, CA 91202

Local Hazard Disclosures Yes No No

Map* Zone Type Source

Local Flood Zone Fire Zone Fault Zone Earthquake Landslide Zone Seismic Hazard Liquefaction Zone Methane Area Methane Buffer Zone Tsunami Area Coastal Bluffs Area Slide Prone Zone High Wind Area Naturally Occurring Asbestos Area Unstable Soils

Disclaimer No warranty expressed or implied is made whatsoever in connection with this report. Geo Assurance specifically disclaims the making of any warranties. GeoAssurance believes that the parcel level information in this report is the most current and accurate publicly available information. Please review the disclaimer, copyright and trademark notice at the end of this report. *No Map indicates that the disclosure map is not available from local jurisdiction.



Natural Hazard Zone Map

Local Earthquake Fault Zone

Seismic Hazard Liquefaction Zone

Commercial Industrial Zone

Military Formerly Used Defense (FUD)

1/2 Mile 1 Mile 2 Miles

The target property is at 341 West Glen Oaks Blvd #1, Glendale, CA 91202



Very High Fire Hazard Severity Zone

Area of Potential Flooding - Dam Zone

1/2 Mile 1 Mile 2 Miles

The target property is at 341 West Glen Oaks Blvd #1, Glendale, CA 91202



Natural Hazard Disclosures

A. Special Flood Hazard Areas Special Flood Hazard Areas (SFHA) are designated by the Federal Emergency Management Agency (FEMA) and are also called FEMA Flood Zones. Land located in such areas is prone to flooding, either partially or completely, in any given year. Properties in flood zones must have adequate flood insurance to guard against the so-called 100-year flood. This designation is somewhat misleading, as the 100-year flood has a one in four chance of occurring during a thirty year mortgage. Land outside of a flood zone may still be in danger of severe flooding, so lenders have the right to require owners to purchase flood insurance, even if the property is not within the boundaries of the Special Flood Hazard Area. For more information contact FEMA: www.fema.gov Condominium Note: California disclosure requirements state that if any part of the property owned by the Condominium Association or owned in undivided interests by the unit owners is in an area subject to flood inundation, then all dwelling units are shown in said area. However, if the particular dwelling unit is not in the flood inundation area, the owner may not be required to purchase flood insurance pursuant to federal requirements. In some circumstances the Owners Association may have obtained flood insurance covering the Common Areas and, where applicable, the affected dwelling units. A precise determination may be made by obtaining a flood certificate usually required by the lender.

B. Areas of Potential Flooding The California Office of Emergency Services (OES) develops maps showing areas in danger of flooding should a dam partially or totally fail. Dam failure can cause flooding, personal injury, loss of property and loss of life. Many dams have not yet been mapped by the Office of Emergency Services and some maps have not been submitted to the appropriate public agencies. For more information, contact OES in Sacramento: www.oes.ca.gov

C. Very High Fire Hazard Severity Zones Very High Fire Hazard Severity Zones (VHFHSZ) are designated by the California Director of Forestry and Fire Prevention. Following the devastating firestorms in the Oakland-Berkeley Hills in 1991, the California Legislature ordered the California Department of Forestry and Fire Protection (CDF) to identify fire hazard zones to reduce the possibility of uncontrolled fires. Properties in designated fire hazard zones are considered not to be a state fire responsibility. Notices must be posted in various county offices explaining how to find maps identifying these zones. Local agencies must designate by ordinance Very High Fire Hazard Severity Zones within their jurisdictions unless they adopt equivalent or more restrictive measures of their own. For more information, see Public Resources Code §4125, et seq.

D. Wildland Fire Areas Wildland Fire Areas are identified by the State Board of Forestry, and are assigned to the California Department of Forestry and Fire Protection for primary wildland fire suppression. These areas, known as State Responsibility Areas (SRA) are at significant risk of forest, brush and wildland fires. Sellers are required to inform all potential buyers of these considerable risks. Buyers must also be informed that construction, remodeling, and landscaping of properties in state responsibility areas can be severely restricted because of fire danger. Notices must be posted in various county offices explaining how to find maps identifying these zones. For more information, see Public Resources Code §4291, or contact CDF Region 21 Ranger Unit.



Natural Hazard Disclosures (continued)

E. Earthquake Fault Zones Earthquake Fault Zones are mapped by the California Division of Mines and Geology. These maps detail surface traces of known active faults. Only active faults identified to date are required to be shown on the maps. Fault zones are generally designated to be 660 feet on either side of the fault trace. Development and construction in these zones are controlled by the Alquist-Priolo Earthquake Fault Zoning Act of 1994. For more information, contact California Department of Conservation or California Geological Survey in Sacramento, or www.consrv.ca.gov

F. Seismic Hazard Zones Similar to Earthquake Fault Zones, Seismic Hazard Zone maps are also compiled by the California Division of Mines and Geology. Areas identified on these maps are subject to landslides, strong ground shaking and possible liquefaction where the soil acts like a liquid following a severe earthquake. Counties and cities may require stricter building standards in such areas. For online information about mapped areas, see www.consrv.ca.gov/dmg/shezp/schedule.html

Additional Disclosures

I. Radon Radon is defined by the Department of Health Services (DHS) as a colorless, odorless, and tasteless radioactive gas produced by the decay of trace amounts of uranium occurring naturally in soils. The Environmental Protection Agency (EPA) recommends that all homes be tested for radon. The average concentration inside American homes is approximately 1.3 picocuries per liter. The average outdoor concentration is about 0.4 picocuries per liter. The EPA recommends avoiding long-term exposure to any level above 4.0 picocuries per liter because radon exposure can cause lung cancer. The Department of Health Services database identifies areas prone to excessive indoor radon levels. Statistical information is provided by zip code and by county. If no indoor radon test data is available within a zip code, information for that area is omitted from the database. For more information, see “California Geology” - November-December 1997 by Ron Churchill, Senior Geologist, Department of Conservation, Division of Mines and Geology: www.consrv.ca.gov/cgs/minerals/hazardous/radon

II. Commercial Industrial Zoning Disclosure California Residential Disclosure Law (section 1103, et seq. of the California Civil Code) requires a Seller to disclose to Buyer, Seller’s actual knowledge of any commercial or industrial use within one mile of the subject property. This disclosure identifies industrial use zones, from public records, within one mile of the subject property to help make that determination.

III. Military Ordnance Location (Formerly Used Defense) Sellers of residential property are required to disclose actual knowledge they may have of any Formerly Used Defense Site (FUDS) within one mile of their property containing military ordnance. To aid in this disclosure we have identified all locatable FUDS, specified by the United States Army Corps of Engineers, as sites that have been used by the military and may contain military ordnance.



IV. Notice of Airport in Vicinity

If the Airport Influence Area is checked “yes” in the Summary, then the following statement applies. “This property is presently located in the vicinity of an airport, within what is known as an airport influence area. For that reason, the property may be subject to some of the annoyances or inconveniences associated with proximity to airport operations (for example: noise, vibration, or odors). Individual sensitivities to those annoyances can vary from person to person. You may wish to consider what airport annoyances, if any, are associated with the property before you complete your purchase and determine whether they are acceptable to you.”

V. Airport Noise Contour maps may be provided by airports indicating areas where noise levels may exceed 65 decibels, the sound level of a busy street.

VI. Farmland The intent of AB 2881 is to ensure that anyone purchasing real estate within one mile of farmland is made aware of the state's right-to-farm laws. Purchasers are often unaware that the State of California has laws to protect a farmer’s right to perform customary farming activities, some of which are dirty, noisy, or lead to unpleasant odors. In addition there are some aspects of farming operations can extend beyond a farm’s boundaries, through water runoff and irrigation ditches, for example.

VII. Climate Zone – New Duct Sealing Requirements As of October 1, 2005, you must have your home’s ducts tested for leaks when you have a central air conditioner or furnace installed or replaced. Ducts that leak 15 percent or more must be repaired to reduce the leaks. After your contractor tests and fixes the ducts, you choose whether to have an approved third-party field verifier check to make sure the duct testing and sealing was done properly or to have your house included in a random sample where one in seven duct systems are checked. Duct sealing is not required in the following situations: 1) when homes are in specific coastal climates; 2) when systems have less than 40 feet of ductwork in unconditioned spaces like attics, garages, crawlspaces, basements or outside the building, or 3) when ducts are constructed, insulated or sealed with asbestos. There also are specific alternatives that allow high efficiency equipment and added duct insulation to be installed instead of fixing duct leaks. You also should know that any contractor failing to obtain a required building permit and failing to test and repair your ducts is violating the law and exposing you to additional costs and liability. Real estate law requires you to disclose to potential buyers and appraisers whether or not you obtained required permits for work done on your house. If you do not obtain a permit, you may be required to bring your home into compliance with code requirements for that work and you may have to pay penalty permit fees and fines prior to selling your home. The greatest energy use in California homes is for central air conditioning and heating. Most homes with central air conditioning and heating systems have ducts that were never properly sealed. The average home’s ducts leak around 30 percent of the conditioned air outside the home. These leaks are taking money straight out of your pocketbook. Properly sealed ducts will lower your energy bills, reduce pollution inside your home, and help to avoid a repeat of the inconvenience and health and safety risks that we suffered during the power blackouts in 2000. For more information, please contact the Energy Commission Efficiency Hotline at (800) 772-3300, or visit website at www.energy.ca.gov/title24/changeout.



Advisory Disclosures

1. Molds Advisory Molds and fungi are naturally occurring plants which may cause allergic reactions, respiratory problems and rashes, as well as other responses from sensitive people. Molds may be present inside and outside residential properties, and may damage property and possessions. There are inspection companies who may be retained to determine whether and to what extent molds and fungi may be present. All parties are advised to seek professional advice on the presence and clean-up of such material. More information may be found on the web at sites such as www.epa.gov/mold.

2. Registered Sex Offender Database (“Megan’s Law”) Advisory California law allows the public to access the database containing detailed information concerning registered sex offenders, including physical descriptions, name(s), locations and nature of the offense(s). The California Department of Justice, (DOJ), maintains a website at www.meganslaw.ca.gov Local police and sheriffs’ offices may be contacted for neighborhood information and a CD-ROM may be available. The DOJ has a Registered Sex Offender Hotline (900) 448-3000 for further information.

3. Methamphetamine Advisory The State of California passed the Methamphetamine Contaminated Property Cleanup Act of 2005 which became effective January 1, 2006.This Act, among other requirements, authorizes the imposition of a civil penalty upon a property owner who does not provide notice or disclosure required by the act, or upon a person who violates an order issued by the local health officer prohibiting the use or occupancy of a property contaminated by a methamphetamine laboratory activity. The property owner is also liable for the costs for testing, remediating, and administering enforcement and oversight upon a property that receives an order. In addition, it authorizes a local government to impose a nuisance abatement lien if the property owner fails to pay for the costs of remediation. More information may be found on the web at as http://www.dtsc.ca.gov/SiteCleanup/ERP/Clan_Labs.cfm



Local Hazard Disclosures

Los Angeles County COUNTY AND CITY DISCLOSURE STATEMENT

To have more precise information in order to make a more informed decision, buyers should be provided with local-level natural hazards as well as the statutory disclosures. Cities and Counties that have developed their own safety element or other hazard maps may use different sources than the State. Therefore, a site considered as a hazard by one source, may not be included as a hazard by another source. Maps prepared by the local jurisdiction may be used making decisions regarding new or additional construction. If the property which is the subject of this report, is in a locally mapped hazard zone or if information of concern exists in another source, the property may require a geologic or other study prior to any new or additional construction. Additional natural hazards may exist which are not in this report. To investigate other sources of natural hazard information that may be available and used at the local level, contact the local agency Planning, Engineering or Building Departments. It’s recommended that the buyer review the County of Los Angeles web site at http://planning.co.la.ca.us/ Los Angeles County

1) Fault Rupture Hazard Active Faults: Faults where there has been subsurface earthquake activity, or any surface ground breakage, within the last approximately 20,000 years. Potentially Active Faults: Faults where there has been activity approximately between 20,000 and 750,000 years ago.

2) Liquefaction Susceptibility Liquefaction is the term which describes the transformation of loose fine-grained soils which are mixed with water into a fluid material not stable enough to support buildings. It can occur in situations involving shaking, such as with earthquakes, or super-saturation, such as with higher than normal water table due to standing surface waters. Liquefaction can result in buildings and other heavy objects sinking into the wet soils, usually unevenly, causing slab cracking or building settlement, which may tear the building apart.

3) Tsunami Hazards Tsunami Inundation Area: A tsunami is a sea wave generated by a submarine earthquake, landslide, or volcanic action. The affected areas are considered to be of moderate risk by the County of Los Angeles. All of the Pacific coastal areas are exposed to the potential hazard of tsunamis to a greater or lesser degree.

4) Landslide and Slope Instability and Unstable Soils Slope Stability Zones: Old landslides and landslide-prone formations are the principal non-seismic geologic hazards in the County of Los Angeles. Conditions which should be considered with regard to slope instability include the angle of slope, soil type and, the presence of groundwater. The causes of landslides start with the preexisting condition inherent within the earth itself which can lead to failure. The actuators of landslides can be both natural events such as earthquakes, rainfall, erosion and human activities. Those induced by man are most commonly related to large grading activities which can cause new slides or reactivate old ones when compacted fill is placed on potentially unstable slopes. Cutting operations, another human activity, contribute to landslides when the lateral support near the base of unstable hillside areas is removed. Consistent with the Los Angeles County Safety Element, which shows areas impacted by “Storm-Induced Landslides”, “Mud and Debris Flooding”, “Areas of Shallow Surficial Landslides”, and “Identified Bedrock Landslides”,



this report reflects the same data but to a much higher degree of accuracy. While the General Plan uses generalized locations, we have pinpointed locations by using Aerial Photos, State and USGS geologic maps, in order to more accurately define the areas which are susceptible to future landslides. We have also included USGS and state maps showing actual earthquake induced landslides and “young” or Holocene landslide deposits active during the last approximately 10,000 years. Some properties listed as an instability hazard in the County General Plan, have been mitigated and no longer pose a threat. If the buyer has any doubts about the subject property, the buyer should contact a geotechnical consultant.

5) Local County and City Fire Hazards Los Angeles County Fire Zone 4 defines areas having a potential for woodland and brush fires. These areas require stringent fire enforcement measures. Also delineated on the County Fire Safety element maps are industrial areas, petrochemical areas and high-rise buildings that present unique fire hazards. We have included maps from cities that have prepared their own fire safety element map. It is possible to be in a State Fire Zone and not in a Local Fire Zone. You should check with the local agency about its requirements. New or additional construction may require fire-resistant materials and property owners have strict brush clearance or firebreak requirements.

6) Asbestos Hazard Zones (Ultramafic Rocks) Asbestos is a naturally occurring mineral that can be found in rocks and soil. Ultramafic and serpentine rock can contain asbestos. If these rocks are crushed, small asbestos fibrous particles may be found in the dust and disturbed dirt that is disbursed into the air. Such activities may include use of unpaved roads, quarrying operations, construction grading, etc. Breathing dust containing asbestos may result in lung disorders and other health problems. Although the State of California has no disclosure requirement, the local agencies may require reference to asbestos hazard zones where they are mapped. El Dorado County was the first to enact such a disclosure requirement.

7) Coastal Bluffs of Los Angeles County Severe winter storms of the past have caused heavy surf and rains which severely eroded beaches and fragile sea cliffs along the coast of Los Angeles County. During these storm seasons, coastal highways and roads were damaged and closed for a considerable period of time by landslides, and many buildings were damaged or threatened by sea-cliff retreat and slope failure .

8) Special Flood

The State of California has initiated a new floodplain mapping program to assist all communities with initial identification of flood hazard areas currently not mapped by the Federal Emergency Management Agency. The intent is to provide the community as well as the individual citizen an additional tool in understanding potential flood hazards currently not mapped as a regulated floodplain. This will enable each community to provide better protection for its citizens against loss of life and loss of property damages during a flood event as well as reduce community costs for emergency response needs. This is not a FEMA product, however, at the request of the community FEMA would include this data on their maps. These floodplains will be shown simply as flood prone areas without specific depth and other flood hazard data. For more information see http://www.fpm.water.ca.gov/mapping/mapping.cfm

9) NOTICE OF RIGHT TO FARM If shown on the summary as “yes” This property is located within one mile of a farm or ranch land designated on the current county-level GIS “Important Farmland Map,” issued by the California Department of Conservation, Division of Land Resource Protection. Accordingly, the property may be subject to inconveniences or discomforts resulting from agricultural operations that are a normal and necessary aspect of living in a community with a strong rural character and a healthy agricultural sector. Customary agricultural practices in farm operations may include, but are not limited to, noise, odors, dust, light, insects, the operation of pumps and machinery, the storage and disposal of manure, bee pollination, and the ground or aerial application of fertilizers, pesticides, and herbicides. These agricultural practices may occur at any time during the 24-hour day. Individual sensitivities to those practices can vary from person to person. You may wish to consider the impacts of such agricultural practices before you complete your purchase. Please be advised that you may be barred from obtaining legal remedies against agricultural practices conducted in a



manner consistent with proper and accepted customs and standards pursuant to Section 3482.5 of the Civil Code or any pertinent local ordinance. See http://www.conservation.ca.gov/dlrp/fmmp/Pages/Index.aspx for more information

10) Expansive soils

Expansive soils are soils which have a potential to undergo significant changes in volume, either shrinking or swelling, with changes in moisture content. Periodic shrinking and swelling of expansive soils can cause extensive damage to buildings, other structures and roads. The potential volume change of an expansive soil is governed by the moisture content and the percentage and type of clay minerals present in the soil. Soils composed only of sand and gravel have no potential for volume change due to moisture change. Soils containing clays have variable potential for volume changes. Such soils are generally classified into three expansive soils classes with low, moderate, and high potential for volume changes. * Moderate - Building may require special designs or maintenance for satisfactory performance over an acceptable period of time. * High - Building requires special design, a significant increase in construction cost, or an appreciably higher maintenance cost for satisfactory performance over an acceptable period of time High or Moderate or Low indicates the dominant soil condition in the area but does not eliminate the need for onsite investigation as conditions can vary within any neighborhood. However, because of the apparent complexity of factors affecting soil expansiveness, the mapped areas are estimates only. Detailed investigations are required to fully evaluate the shrink-swell characteristics of soils at any given site. If a site is found to have expansive soils, this can be mitigated through proper foundation design. Older homes built before modern building codes have taken affect are more susceptible to foundation problems. Check with your local building department if there is a question.

Local City Disclosures Some Cities in Los Angeles County have their own safety element maps to delineate potential hazards, in addition to referencing the official seismic hazard maps adopted by Los Angeles County and the State of California. They will be shown under Local Hazard Disclosures on the summary page.

A) Methane – City of Los Angeles In 1985 methane gas seeped into a building in the Fairfax area of Los Angeles and caused a fire. The city responded by amending the civil code regarding possible methane gas hazards. Methane Zones and Methane Buffer Zones were designated by the Los Angeles City Council based upon data provided by the Division of Oil, Gas, and other state agencies. These zones designate areas where there are concerns about methane gas below the surface. Project permits within these zones may require methane mitigation measures. Site testing of subsurface geological formations may also be ordered. For more information, see: www.ladbs.org/rpt_code_pub/Methane_Code.pdf.

B) Fault Rupture Study Area These areas include all of the Alquist-Priolo Earthquake Fault Zones, as well as some additional fault zone study areas established by the cities. Alquist-Priolo Earthquake Fault Zones are those determined by the state of California as part of the Alquist-Priolo Earthquake Fault Zone Act. If an earthquake study zone is established by the local Safety Element, additional soils and geology reports may be required to help assess potential hazards and mitigation measures as a part of the development permit process.



C) Brush Fire Hazard Areas

The City of Los Angeles has mapped High, Moderate and Low Brush Fire Hazard severity zones. Dry Santa Ana winds occur during the fall and winter, making these areas especially vulnerable to brush fires due to dry vegetation and tinder. Other cities have their own definitions shown in the Local Hazard Disclosure Summary. Check with the city for their requirements in these zones. High – generally are areas with chaparral or woodland vegetation and moderate to steep topography. Moderate – generally are areas with grassland or sage scrub plant with steep topography. Landfills are in this category because of their unique fuel characteristics. Low – includes some hillside areas and communities dominated by grassland or sage scrub plants. Fire risk reduction measures, like fire breaks and electric power transmission line corridors where vegetation has been cleared, help mitigate fire hazards in these areas. It’s recommended that the buyer review the City of Los Angeles web site at: http://cityplanning.lacity.org/

D) High Wind Zones High winds and blowing sand and debris can cause damage and discomfort. Properties and further development in these areas may be subject to additional governmental regulations and special permits.



TERMS, LIMITATIONS AND CONDITIONS

1. This GeoAssurance Property Disclosure Report is not an insurance policy. It is the product of a service designed to satisfy disclosure requirements so that sellers of residential property and their brokers may inform their buyers as to natural hazards which appear on public databases. These publicly available databases are not maintained by GeoAssurance. They are updated and maintained by agencies which make their information available to the public. GeoAssurance assembles its reports from the information that is currently available as of the date of its report and is not responsible for updates, amendments, or changes that are made available after the date of the report.

2. This GeoAssurance Property Disclosure Report is based solely on the property identification and location supplied by the seller and his broker. It is the responsibility of the seller and his broker to confirm that the property, which is the subject of the report, is correctly identified, located, and characterized as being residential property. It is also the responsibility of the seller and his broker to disclose to buyer and GeoAssurance (a) any incorrect or incomplete features of this report and (b) any matters which are known or should be known by seller and his broker which may not be disclosed in this report. The property search is on a single residential parcel and does not include a search of secondary parcels or easements or common areas (in the case of condominium properties).

3. This GeoAssurance Property Disclosure Report is provided solely to the seller and his broker and may not be relied upon by anyone other than those parties in making their statutory disclosures to their buyer. Acceptance and use of this report constitutes acceptance and agreement to be bound by the terms, limitations and conditions stated in this report. The information contained in this report may affect decisions to purchase insurance policies to cover potential damages which may arise from the natural hazards disclosed in this report.

4. This GeoAssurance Property Disclosure Report is subject to the terms, limitations and conditions stated in this report. In the event that the seller, or his broker, report any inaccuracies, errors, or omissions, GeoAssurance’s only obligation is to provide a corrected report. In the event of any claim tendered concerning the information in this report, GeoAssurance’s liability in any case other than gross negligence, is limited to actual damages. In no case shall GeoAssurance have any liability for speculative damages, lost profits, or any direct or indirect, incidental or consequential damages arising in any connection whatsoever with the preparation or use of this report. If any dispute arises in connection with this report, the parties agree to submit the matter to binding arbitration.

California Tax Data, Inc. 32332 Camino Capistrano, Suite 206 San Juan Capistrano, CA 92675 Tel 949-240-1520 | [email protected]

www.californiataxdata.com

California Tax Disclosure Report

This report satisfiesthe seller's obligation, pursuantto Civil Code Section 1102.6b, to

disclose all special tax and/orassessment districts affecting

the subject property

This Report Prepared Especially For:

GeoAssurance.com

Address : 341 GLENOAKS BLVD, BURBANK

Your #1 Source for Property Tax Information(Including Mello-Roos and 1915 Act Disclosures)



PROPERTY TAX DISCLOSURE REPORT FOR: Property Address: 341 GLENOAKS BLVD, BURBANK

Table Of Contents

Notice of Special Tax and Assessment 3 Pursuant to Section 1102.6b of the California Civil Code

Notice of Special Tax and Assessment Signature Page 4

Notice of Supplemental Property Tax Bill 5 Pursuant to Section 1102.6c of the California Civil Code

Special Alert 6 Pursuant to Section 1102.6e of the California Civil Code

Description of 1915 Bond Act District(s) 8

Tax Bill General Breakdown 9

Description of Property Tax Charges 10

Terms, Conditions and Limitations 11

NOTICE OF SPECIAL TAX AND ASSESSMENT TO: THE PROSPECTIVE PURCHASER OF THE REAL PROPERTY KNOWN AS: Assessor's Parcel Number: 5636004089 Property Address or Legal Description: 341 GLENOAKS BLVD, BURBANK Report Date: 1/25/2010

Notice of Special Tax and Assessment Form © California Tax Data, 2004

Page 3

THIS IS A NOTIFICATION TO YOU PRIOR TO YOUR PURCHASING THIS PROPERTY. 1. MELLO-ROOS COMMUNITY FACILITIES DISTRICTS

Mello-Roos Community Facilities Districts ("CFD") provide a method of financing certain public capital facilities and services especially in developing areas and areas undergoing rehabilitation. Public improvements funded by Mello-Roos CFDs may include, but are not limited to, roads, schools, water, sewer and storm drain facilities. Public services funded by Mello-Roos CFDs may include, but are not limited to, police and fire protection services, recreation program services, and flood or stormprotection services. Mello-Roos CFDs commonly fund the construction of public improvements through the issuance of bonds. A special tax lien is placed on property within the district for the annual payment of principal and interest as well asadministrative expenses. Typically, the annual special tax continues until the bonds are repaid, or until special taxes are no longer needed. Mello-Roos special tax rates may increase each year. In most instances but not all, the special tax iscollected with regular property taxes

Properties located within a Mello-Roos Community Facilities District are subject to a special tax, which is in addition to the regular property taxes and any other charges and benefit assessments that will be listed on the property tax bill. This specialtax may not be imposed on all parcels within the city or county where the property is located. The special tax is used to provide public facilities or services that are likely to particularly benefit the property.

THIS PROPERTY IS NOT SUBJECT TO MELLO-ROOS COMMUNITY FACILITIES DISTRICT SPECIAL TAX LIEN(S).

2. 1915 BOND ACT ASSESSMENT DISTRICTS

1915 Bond Act Assessment Districts ("AD") provide a method of financing certain public capital facilities. Publicimprovements funded by 1915 Bond Act Assessment Districts may include, but are not limited to, roads, sewer, water andstorm drain systems, and street lighting. 1915 Bond Act Assessment Districts commonly fund the construction of publicimprovements through the issuance of bonds. A special assessment lien is placed on property within the AssessmentDistrict. The lien amount is calculated according to the specific benefit that an individual property receives from theimprovements and is amortized over a period of years. 1915 Bond Act Assessments Districts can be prepaid at any time. Inmost instances but not all, the assessment is collected with regular property taxes.

This property is within the 1915 Bond Act Assessment District(s) named below and is subject to annual assessmentinstallments levied by the assessment district that will appear on the property tax bill. The annual assessments are in addition to the regular property taxes and any other charges and benefit assessments that will be listed on the property taxbill. The assessment district(s) has issued bonds to finance the acquisition or construction of certain public improvements that are of direct and special benefit to property within the assessment district. The bonds will be repaid from annualassessment installments on property within the assessment district. The special assessment is used to provide publicfacilities that are likely to particularly benefit the property.

The annual assessment installment and public facilities that are being paid for by the money received from the sale of bondsthat are being repaid by the assessments are indicated below. These facilities may not yet have all been constructed or acquired and it is possible that some may never be constructed or acquired.

THIS PROPERTY IS SUBJECT TO IMPROVEMENT BOND ACT OF 1915 SPECIAL ASSESSMENT LIEN(S).

NOTICE OF SPECIAL TAX AND ASSESSMENT (continued) TO: THE PROSPECTIVE PURCHASER OF THE REAL PROPERTY KNOWN AS: Assessor's Parcel Number: 5636004089 Property Address or Legal Description: 341 GLENOAKS BLVD, BURBANK Report Date: 1/25/2010

Notice of Special Tax and Assessment Form © California Tax Data, 2004

Page 4

2.1 Los Angeles County Regional Park & Open Space District ▪ (213) 738-2983 ▪ Regional Park & Open Space District

Annual Assessment Installment. $15.69.

Ending Year. Assessment installments will be collected each year until the assessment bonds are repaid, but in any casenot after the 2021-2022 tax year.

Authorized Facilities. Proceeds from the sales of these bonds will be used for the acquisition, development, rehabilitation,protection and restoration of beach, wildlife, park and natural lands with the County, tree-planting, gang prevention and intervention, improvement of recreation facilities for youth and senior citizens, restoration and maintenance of parks,recreational, cultural and community facilities and open space lands within the County of Los Angeles. Authorized Services. 1915 Bond Act Assessment Districts are not authorized to pay for ongoing public services.

MELLO-ROOS COMMUNITY FACILITIES DISTRICT SPECIAL TAXES AND THE 1915 BOND ACT ASSESSMENT DISTRICTANNUAL ASSESSMENT INSTALLMENTS ARE HEREINAFTER COLLECTIVELY REFERRED TO AS "SPECIAL LIENS." IF SPECIAL LIENS DESCRIBED ABOVE ARE NOT PAID WHEN DUE, FORECLOSURE PROCEEDINGS MAY BE INITIATEDAT ANY TIME, AFTER PROPERTY TAXES BECOME DELINQUENT. YOUR PROPERTY MAY BE SOLD FOR THEDELINQUENT AMOUNTS, EARLIER THAN WITH REGULAR PROPERTY TAXES. YOU SHOULD TAKE THE SPECIAL LIENS DESCRIBED ABOVE AND THE BENEFITS RECEIVED FROM THE PUBLIC FACILITIES ANDPUBLIC SERVICES (IF APPLICABLE) FOR WHICH IT PAYS INTO ACCOUNT IN DECIDING WHETHER TO BUY THIS PROPERTY. THE INFORMATION PROVIDED IN THIS REPORT WAS PREPARED BY NATIONAL TAX DATA, INC. dba CALIFORNIA TAX DATA ("CTD")AND IS SUBJECT TO THE TERMS AND CONDITIONS CONTAINED HEREIN. THE PURPOSE OF THIS REPORT IS TO ASSIST THESELLER IN FULFILLING HIS OR HER LEGAL DISCLOSURE REQUIREMENT PURSUANT TO CALIFORNIA CIVIL CODE § 1102.6B. THIS REPORT WAS COMPILED USING INFORMATION OBTAINED FROM THE COUNTY, VARIOUS GOVERNMENTAL AGENCIES AND THIRDPARTIES. CTD IS NOT RESPONSIBLE FOR ANY INACCURACIES OR OMISSION IN THE PUBLIC RECORDS OF THE COUNTY, VARIOUSGOVERNMENTAL AGENCIES OR FOR INFORMATION PROVIDED BY THIRD PARTIES. THIS REPORT IS NOT A SUBSTITUTE FOR A TITLE REPORT OR TITLE INSURANCE AND MAY NOT BE RELIED UPON AS SUCH. YOU MAY OBTAIN ADDITIONAL INFORMATION OR DOCUMENTATION REGARDING THE CREATION OF THE DISTRICT(S) LISTED ABOVE, AND MORE PRECISELY HOW THE CHARGES ARE COMPUTED, AND HOW THE PROCEEDS WILL BE USED, BY CALLING THECONTACT PHONE NUMBER LISTED ABOVE. THERE MAY BE A CHARGE FOR THE DOCUMENTS NOT TO EXCEED THE ESTIMATEDREASONABLE COST OF PROVIDING THE DOCUMENTS. BUYER'S CONFIRMATION OF RECEIPT: I (WE) ACKNOWLEDGE THAT I (WE) HAVE RECEIVED A COPY OF THIS NOTICE. I (WE) UNDERSTAND THAT I (WE) MAY TERMINATETHE CONTRACT TO PURCHASE OR DEPOSIT RECEIPT AFTER RECEIVING THIS NOTICE FROM THE OWNER OR AGENT SELLING THEPROPERTY. THE CONTRACT MAY BE TERMINATED WITHIN THREE DAYS IF THE NOTICE WAS RECEIVED IN PERSON OR WITHINFIVE DAYS AFTER IT WAS DEPOSITED IN THE MAIL BY GIVING WRITTEN NOTICE OF THAT TERMINATION TO THE OWNER OR AGENT SELLING THE PROPERTY.

Date: _______________________ Transferee's Signature (Buyer): ____________________________________________

Date: _______________________ Transferee's Signature (Buyer): ____________________________________________


Property Tax Disclosure

CaliforniaTax Data

Page number: 5 Report date: 1/25/2010 Invoice No.: 981278 Query No.: 2624363 Reference: RPD1001251025



NOTICE OF SUPPLEMENTAL PROPERTY TAX BILL

In accordance with Section 1102.6(c) of the California Civil Code, it is the sole responsibility of the seller of any real property, or his or her agent, to deliver to the prospective purchaser a disclosure notice of the following: California property tax law requires the Assessor to revalue real property at the time the ownership of the property changes. Because of this law, you may receive one or two supplemental tax bills, depending on when your loan closes. The supplemental tax bills are not mailed to your lender. If you have arranged for your property tax payments to be paid through an impound account, the supplemental tax bills will not be paid by your lender. It is your responsibility to pay these supplemental bills directly to the Tax Collector. If you have any question concerning this matter, please call your local Tax Collector’s Office. As stated above, California law requires that the Assessor re-appraise property upon a change of ownership or the completion of new construction. This re-appraisal results in a supplemental tax assessment which is based on the difference between the new value and the old value of the property, multiplied by the property’s Ad Valorem tax rate. The resulting Supplemental Tax amount is then pro-rated, based upon the number of months remaining in the fiscal year in which the event occurred. The number of tax bills which will be issued also depends on the date the event occurred. If the change of ownership or new construction is completed between January 1st and May 31st, the result will be two supplemental assessments levied on two supplemental tax bills. If the event occurs between June 1st and December 31st , then only one supplemental bill will be issued. For a complete explanation and estimation of the supplemental tax bills affecting this parcel you can go to www.californiataxdata.com and order a complete Notice of Supplemental Tax Report.



CaliforniaTax Data




SPECIAL ALERT New Mandatory Transfer Fee Disclosure Required 1/1/08

1. Private Transfer Fee

This is commonly known as a "Private Transfer Tax". It is a fee imposed by a private entity such as a property developer, home builder, or homeowner association, when a property within a certain type of subdivision is sold or transferred. A private transfer fee may also be imposed by an individual property owner. Private transfer fees are different from city or county Documentary Transfer Taxes. Private Transfer Fees may apply in addition to government Documentary Transfer Taxes that are due upon sale or transfer of the property.

California Civil Code Section 1098 defines a "Transfer Fee" as "any fee payment requirement imposed within a covenant, restriction, or condition contained in any deed, contract, security instrument, or other document affecting the transfer or sale of, or any interest in, real property that requires a fee be paid upon transfer of the real property." Certain existing fees such as governmental fees, court ordered fees, mechanic lien fees, common interest development fees, etc. are specially excluded from the definition of "Transfer Fee"

To determine if the property is subject to a Transfer Fee, OBTAIN COPIES OF ALL THE EXCEPTIONS LISTED ON THE PRELIMINARY (TITLE) REPORT FROM THE TITLE COMPANY AND READ THEM TO DETERMINE IF ANY TRANSFER FEES ARE APPLICABLE. Please be aware that private transfer fees may be difficult to identify by simply reading the title report.

Effective January 1, 2008, Civil Code Section 1102.6e requires the Seller to notify the Buyer of whether a private transfer fee applies and if present, to disclose certain specific information about the fee.

Content of Disclosure. Civil Code Section 1102.6e requires the Seller to disclose specific information about any Transfer Fee that may affect the property. Please refer to the legal code or to the C.A.R Form NTF (11/07), provided by the California Association of Realtors, for a standard format to use in making the Transfer Fee Disclosure if you elect to investigate and make this disclosure personally.

How to Determine the Existence of a Transfer Fee. If a Transfer Fee does exist affecting the property, the document creating the fee may be on file with the County Recorder as a notice recorded against the property and should be disclosed in the preliminary (title) report on the property. However, the preliminary (title) report will merely disclose the existence of the documents affecting title, not the content of the documents. The title of a document may also not be sufficient to disclose that a transfer fee is included in its terms. Accordingly Seller should (a) request the title company which issued the preliminary (title) report to provide copies of the documents shown as "exceptions," and (b) review each document to determine if it contains a transfer fee.

2. Documentary Transfer Taxes

This is a government tax imposed by a city or county when a property within the jurisdiction is sold or transferred.(It is commonly known as a "Real Estate Transfer Tax".) It is NOT the same as a private transfer fee, which may be imposed by a private entity such as a property developer, home builder, or homeowner association. However, it is a similar fee due upon closing, calculated based on a percentage of the purchase price.



CaliforniaTax Data




Transfer Tax Defined. Under California Revenue and Taxation Code Sections 11911-11929, counties and cities are authorized to impose a tax on the transfer of property located within their jurisdiction. The tax is commonly known by various names, including the Documentary Transfer Tax, or Real Property Transfer Tax, or Real Estate Transfer Tax (hereinafter, the "Transfer Tax").

How Much? The tax is due at closing and payable through escrow. This tax does not expire. All future sales of this property will be charged this tax at close of escrow. The amount of the transfer tax is based on the value or sale prices of the property that is transferred. The county rate is one dollar and ten cents ($1.10) for each one thousand dollars ($1.000) of value. The rate for non-charter ("general law") cities is one-half of the county rate and is credited against the county tax due. Charter cities may impose a transfer tax at a rate higher than the county rate.

For any city or county in California, the Transfer Tax rate ("Tax Rate Table") is available at no charge from many sources, most conveniently on the website of the California Local Government Finance Almanac (sponsored by the California League of Cities): http://www.californiacityfinance.com/PropTransfTaxRates.pdf

To estimate the transfer tax for the property, multiply the Property's estimated sales price (in thousands of dollars) by the amount shown in the Tax Rate Table for the city and county in which the property is located.

Who Pays? The law states that, "the Transfer Tax must be paid by the person who makes, signs or issues any document subject to the tax, or for whose use or benefit the document is made, signed or issued." In practice, this means that the payment of the Transfer Tax is customarily made by the Seller or the Buyer, or shared by both, depending on the jurisdiction in which the transferred property is located.

Are there any exemptions? The California Revenue and Taxation Code, which provides the statutory authority for counties to impose the transfer tax, specifically exempts from the transfer tax the following transactions:

1. Instruments in writing given to secure a debt. 2. Transfers whereby the federal or any state government, or agency, instrumentality or political subdivision thereof, acquires title to realty. 3. Transfers made to effect a plan of reorganization or adjustment (i) confirmed under the Federal Bankruptcy Act, (ii) approved in certain equity receivership proceedings or (iii) whereby a mere change in identity, form or place of organization is effected. 4. Certain transfers made to effect an order of the Securities and Exchange Commission relating to the Public Utility Holding Company Act of 1935. 5. Transfers of an interest in a partnership (or, beginning January 1, 2000, an entity treated as a partnership for federal income tax purposes) that holds realty, if (i) the partnership is treated as continuing under IRC § 708 and (ii) the continuing partnership continues to hold the realty. 6. Certain transfers in lieu of foreclosure. 7. Transfers, divisions or allocations of community, quasi-community or quasi-marital property between spouses pursuant to, or in contemplation of, a judgment under the Family Code. 8. Transfers by the State of California, or any political subdivision, agency or instrumentality thereof, pursuant to an agreement whereby the purchaser agrees to immediately reconvey the realty to the exempt agency. 9. Transfers by the State of California, or any political subdivision, agency or instrumentality thereof, to certain nonprofit corporations. 10. Transfers pursuant to certain inter vivos gifts or inheritances.



CaliforniaTax Data




DESCRIPTION OF 1915 BOND ACT ASSESSMENT DISTRICT(S)

Regional Park & Open Space District Los Angeles County Regional Park & Open Space District

$859,000,000.00

Summary Passage of the Safe Neighborhood Parks Proposition of 1992, Proposition A, on November 3, 1992, created the Los Angeles County Regional Park and Open Space District. The District’s boundaries are coterminous with the boundaries of Los Angeles County. The 1992 Proposition funded $540 million dollars for the acquisition, development, rehabilitation, protection and restoration of beach, wildlife, park and natural lands with the County, tree-planting, gang prevention and intervention, and improvement of recreation facilities for youth and senior citizens. On November 5, 1996, provided an additional $319 million dollars in funding for the development, acquisition, improvement, restoration and maintenance of parks, recreational, cultural and community facilities and open space lands within the County of Los Angeles. The bonds were issued pursuant to the Improvement Bond Act of 1915 to pay for the acquisition and/or construction of certain public facilities benefiting the properties in the district. The assessment lien is collected in annual installments to pay the interest and principal on the bonds and administrative expenses.

What facilities does it pay for? Proceeds from the sales of these bonds will be used for the acquisition, development, rehabilitation, protection and restoration of beach, wildlife, park and natural lands with the County, tree-planting, gang prevention and intervention, improvement of recreation facilities for youth and senior citizens, restoration and maintenance of parks, recreational, cultural and community facilities and open space lands within the County of Los Angeles.

How is the annual levy calculated? The principal amount of the bonds is allocated to each parcel in the district in proportion to the benefit received from the public facilities. The annual assessment installments represent each parcel's share of the interest and principal on the bonds. Administrative expenses are allocated to each parcel.

Can the annual levy increase? To the extent that the annual interest and principal payments on the bonds are not perfectly level, the annual installment payment amount may increase. Installment payment amounts may also increase if additional bonds are authorized and issued.

How long will it be on the tax bill? The annual installments will be collected until the final payment on the bonds is made in 2021.

Foreclosure Proceedings The Assessment District has the right (and if bonds are issued, the obligation) to foreclose on property when the special taxes are delinquent for more than 90 days. Additionally, any costs of collection and penalties must be paid by the delinquent property owner.

Contact Information Consultant Information County of Los Angeles

510 S Vermont Avenue Los Angeles,CA phone: (213) 738-2983



CaliforniaTax Data




BREAKDOWN OF THE 2009-2010 PROPERTY TAX BILL This report is an estimate of the original secured property tax bill charges for the above-mentioned property using information obtained from the County on a given date. Changes made by the County or the underlying public agencies levying charges against this property after the date of this report may not be reflected in this report.

Basic Prop 13 Levy 1. Combined Ad Valorem Tax Charges Prop 13 $3,810.26

County of Los Angeles (213) 974-7175 General Service Voter Approved Ad Valorem Taxes

Basic Prop 13 Levy & Voter Approved Ad Valorem Taxes: Estimated Tax Rate:

$3,810.26 1.074%

Direct Assessments 2. Los Angeles County Trauma and Emergency Services Paramedics Services Assessment $50.22

County of Los Angeles (626) 575-5455 Health 3. Regional Park and Open Space District 1915 Bond Act Assessment District $15.69

Los Angeles County Regional Park & Open Space District (213) 738-2983

Parks & Recreation

4. District No. 7 Standby Charge Water/Sewer Standby Charge $12.22 Metropolitan Water District of Southern California (213) 217-6000 Water Availability

5. Mosquito Abatement District Vector Control District $7.55 County of Los Angeles (562) 944-9656 Vector Control

6. Flood Control 1982 Act Benefit Assessment District $6.90 County of Los Angeles (626) 458-3972 Flood Control

Total Direct Assessment Charges:

Total 2009-2010 Amount:

$92.58 $3,902.84



CaliforniaTax Data




DESCRIPTION OF PROPERTY TAX CHARGES Ad Valorem Tax An Ad Valorem Tax is a tax levied on a parcel that is calculated based on the assessed value of the parcel. Ad valorem taxes may include those taxes that were approved by voters before that passage of Proposition 13 in 1978, General Obligation Bonds or Special Taxes that are based on assessed value as opposed to some other method. Taxes that were established before 1978 may be used for various services and improvements and may or may not be associated with public indebtedness (the issuance of municipal bonds). A General Obligation Bond is a municipal bond that may be issued by a city, county or school district in order to finance the acquisition and construction of public capital facilities and real property. Equipment purchases and the cost of operation and maintenance cannot be financed with a General Obligation Bond. Special Taxes are created pursuant to various California Code Sections and require 2/3 majority approval of the qualified voters for approval. A special tax is may be formed by a local government (a city, county, special district, etc...) in order to finance specific facilities and/or services and cannot be used for general purposes. Paramedics Services Assessment A Paramedics Services Assessment is a special assessment created upon majority approval of voters. A Paramedic Services Assessment may be levied or bonds issued by a local government (a city, county, special district, etc...) in order to finance certain services that benefit the citizens within the district. 1915 Bond Act Assessment District A 1915 Bond Act Assessment District is a special assessment district created pursuant to the Improvement Act of 1911 (Streets and Highways Code Section 5000 et seq.) or the Municipal Improvement Act of 1913 (Streets and Highways Code Section 10000 et seq.) upon majority approval of the property owners during an assessment balloting procedure. A 1915 Act Assessment District may be formed by a local government (a city, county, special district, etc...) in order to finance certain designated facilities that benefit the properties within the district. A 1915 Act Assessment District must provide special benefit to the properties within the district in order to levy special assessments. A 1915 Act Assessment District will include the ability to issue municipal bonds to finance facilities pursuant to the Improvement Bond Act of 1915 (Streets and Highways Code Section 8500 et seq.) and the debt is paid over time from the levy of the special assessments. Water/Sewer Standby Charge A Water Standby Charge is created pursuant Government Code Section 54984 or Water Code Section 35470 et seq.). A Sewer Standby Charge is created pursuant Government Code Section 54984. Upon majority approval of the property owners during an assessment balloting procedure, a water or sewer standby charge may be created by a any local agency authorized to provide water or sewer services in order to finance the certain designated facilities and/or services that benefit the properties that are assessed. A standby charge must provide special benefit to the properties that are assessed in order to be levied. Vector Control District A Vector Control District is a special assessment district created pursuant to the Health and Safety Code Section 2270 et seq., in order to collect costs of a local government (a city, county, special district, etc...) related to vector control. One-time abatements include a notice to the property owner prior to abatement followed by a public hearing. Upon abatement, if the amount owing remains delinquent, a recorded lien is placed on the parcel for the abatement amount, which may include a surcharge that is usually 10% of the amount or is an administrative charge based on actual administrative costs. Ongoing abatements are established upon majority approval of the property owners during an assessment balloting procedure. 1982 Act Benefit Assessment District A 1982 Act Benefit Assessment District is a special assessment district created pursuant to the Benefit Assessment Act of 1982 (Government Code Section 54703 et seq.) upon majority approval of the property owners during an assessment balloting procedure. A 1982 Act Benefit Assessment District may be formed by a local government (a city, county, special district, etc...) in order to finance services that benefit the properties within the district. A 1982 Act Benefit Assessment District must provide special benefit to the properties within the district in order to levy special assessments.



CaliforniaTax Data




Terms, Conditions and Limitations This report and the determinations made herein were prepared by California Tax Data, Inc. ("CTD"). Only the buyer (and his/her agent) and the seller (and his/her agent) may use or rely on this report. The determinations made in this report are time-sensitive. Therefore, the information in this report may be considered accurate only as of the date shown herein. Governmental actions occurring after the date of this report are not disclosed, and CTD is under no duty to update this report when or if new tax information is released or becomes available. The sole purposes of this report are to (a) make preliminary determinations regarding whether current secured tax rolls contain Mello-Roos Community Facilities District Special Taxes or 1915 Bond Act Special Assessments against the subject property, and (b) assist the seller in fulfilling his/her duty to comply with California Civil Code §1102.6b. This report is not a substitute for a title report or title insurance and may not be relied upon as such.

This report is for the exclusive benefit and reliance of the specific buyer and specific seller mentioned herein and there shall be no third party beneficiaries. This report may not be used in any subsequent transaction affecting the subject property. This report is void and not guaranteed if it has not been paid for within 30 days after the close of escrow.

This Report addresses special tax assessment matters only. It does not address matters related to (a) title or title defects, (b) earthquake zones, flood zones, fire zones or other natural hazard zones, (c) survey or geologic issues, (d) land use or zoning, (e) the California Subdivided Lands Act or the Subdivision Map Act, (f) compliance with other federal, state or local laws, ordinances or restrictions that may apply to the property, such as the Americans with Disabilities Act and building codes, (g) restrictions affecting the use, occupancy or development of the property imposed by any state, local or federal governmental agency, including without limitation, flood control districts, the California Coastal Commission, joint power districts, water districts, agencies or school districts, (h) any permits of any nature that may be required for the current or anticipated future use of the property, or (i) any other legal concerns that might affect the property.

CTD has prepared this report solely based upon records and information provided by various governmental and private agencies. CTD has assumed that these records and information are accurate and complete, and CTD has not conducted any independent verification of their accuracy or completeness. CTD hereby disclaims all liability and shall not be responsible for any inaccuracies or omissions in the public records or information supplied by the various governmental and private agencies supplying information to CTD.

In order to prepare this report, either the seller (or his/her agent) or the buyer (or his/her agent) supplied CTD with the Assessors Parcel Number ("APN") for the subject property. CTD has not verified the accuracy of the APN. This report was prepared based upon such APN, and CTD shall not be responsible or liable for any losses, liabilities or damages resulting from an incorrect APN.

BY ACCEPTING OR USING THIS REPORT, THE BUYER AND SELLER HEREBY AGREE TO BE BOUND BY ALL OF THE TERMS, CONDITIONS, AND LIMITATIONS OF LIABILITY STATED HEREIN.

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