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Wednesday
Aug092017

LOCAL GOVERNMENT: San Francisco, Presidio Terrace Homeowners Association, auction sale of an exclusive private street, follow-up: "2nd time unpaid taxes have come back to bite S.F.'s gated enclave" .... 

***Following up on earlier item noted here (San Francisco, auction sale of an exclusive private street)....

* San Francisco Chronicle (Matier & Ross):  "2nd time unpaid taxes have come back to bite S.F's gated enclave" - From the Chronicle:

It turns out the Presidio Terrace homeowners who lost control of their own private street when a San Jose couple snapped it up at tax auction have been down this road before. The owners of the homes in the exclusive enclave down the hill from the Presidio fumbled away their street, sidewalk and other common areas because they failed to pay a $14 annual tax bill for 30 years. They’re screaming bloody murder and want the Board of Supervisors to step in.

Last time, their beef was with the state. San Francisco Assessor Carmen Chu tells us that her records show the Presidio Homeowners Association defaulted on its common-areas tax bill in the 1970s. Eventually, the state took possession of the common areas, and it wasn’t until 1985 that the association regained the title to its swanky sidewalks. The street and sidewalks’ assessed value at the time was $221 — a figure Chu concedes was “super low.”

   ****

There’s no doubt the owners of the 35 multimillion-dollar mansions that make up Presidio Terrace had the wherewithal to pay their latest bill, which came to $994 when interest and penalties were included. But they didn’t, and now they’re doubling down on efforts to undo the sale of their gated street, where a guard is posted 24/7 to keep the unwanted out ......................