Lodinews.com

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

Galt seeks to recoup delinquent assessments

Print
Font Size:
Default font size
Larger font size

Posted: Tuesday, August 6, 2013 12:00 am

A once well-known California home builder owes Galt close to $25,000 in delinquent tax levies, forcing the city council to decide whether to start foreclosure proceedings on the affected property.

The issue is on this week’s agenda when the city council meets Wednesday. The council pushed back its regular Tuesday meeting due to today’s National Night Out activities.

Kimball Hill Homes, formerly based near Chicago, is not the only entity that has failed to pay its annual special assessments on property in Galt. It owes $24,588, according to the city.

Additionally, two Sacramento property owners owe roughly $6,000 each on other parcels, the city said.

All of the money goes toward bonds that pay for improvements in two of the city’s assessment districts. Sacramento County could refund the delinquent amounts to the city.

To do this, the city must begin foreclosure proceedings. Any associated costs would be paid by the assessment district, not directly by taxpayers.

The chances of recouping the money are slim.

Kimball Hill Homes, which constructed thousands of homes across the country, went out of business five years ago after a failed attempt at restructuring due to bankruptcy in 2008. Its inventory, which included housing developments throughout Sacramento and San Joaquin counties, was liquidated.

The property in Galt was located on 41 acres near Kost Road.

The Galt City Council meets at 7 p.m. Wednesday in the council chambers at City Hall, 380 Civic Drive, Galt.

Contact reporter Jennifer Bonnett at jenniferb@lodinews.com.

More about

More about

More about

Rules of Conduct

  • 1 Use your real name. You must register with your full first and last name before you can comment. (And don't pretend you're someone else.)
  • 2 Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually oriented language.
  • 3 Don't threaten. Threats of harming another person will not be tolerated.
  • 4 Be truthful. Don't lie about anyone or anything. Don't post unsubstantiated allegations, rumors or gossip that could harm the reputation of a person, company or organization.
  • 5 Be nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 6 Stay on topic. Make sure your comments are about the story. Don't insult each other.
  • 7 Tell us if the discussion is getting out of hand. Use the 'Report' link on each comment to let us know of abusive posts.
  • 8 Share what you know, and ask about what you don't.

Welcome to the discussion.

Video

Popular Stories

Poll

Should graduations return to the Grape Bowl?

Lodi Unified leaders are moving Lodi and Tokay high school graduations from the Grape Bowl to the Spanos Center at UOP in Stockton. They cite limited seating, costs and unpredictable weather at the Grape Bowl. But others say graduations at the Grape Bowl are an important Lodi tradition, and one reason many supported renovating the stadium. What do you think?

Total Votes: 5

Loading…

Mailing List

Subscribe to a mailing list to have daily news sent directly to your inbox.

  • Breaking News

    Would you like to receive breaking news alerts? Sign up now!

  • News Updates

    Would you like to receive our daily news headlines? Sign up now!

  • Sports Updates

    Would you like to receive our daily sports headlines? Sign up now!

Manage Your Lists