Palm Springs View Estates  


Q&A, Facts & Info

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Web Sites of
Interest

 

 
 

Propositions 98/99 comparison prepared by GSMOL  -click here (4 pages)

Contribution Chart and List of Contributors for Proposition 98 prepared by GSMOL  -click here (9 pages)

Secretary of State 2008 Initiative Update, For briefs and full texts of propositions,  -click here-

AARP Mobile Home Fact Sheet  -click here for pdf document-

PSVE Conversion Q&A: The Loftin Firm answers to PSVE park residents' questions. 
-click here for first Loftin Firm Q&A Response (8-16-06).pdf document-


Following
is the second Loftin Firm response:

1.  When are the reserve funds placed in the reserve accounts?
The actual cash or a bond is provided as a condition of issuance of the Final Public Report.  Therefore, the funds are in place before any escrows close. 
2.  Who actually provides the reserve funds?
Since the cash or bond has to be put up before the issuance of the final public report, the developer.   3.  Can the DRE approve the final map and issue the public report before the reserves are funded?
DRE will approval an amount to be funded and that amount has to funded before the final public report is issued. 
4.  Can lots be sold before the reserves are fully funded?
The reserve funds are funded to level the required, but that level does not equal "fully funded" as that term is used in its legal meaning. 
5.  If so, who actually pays the money taken from closed escrows--buyer or seller, or both?
Buyer pays money from closed escrows.  Developer pays prior to final public report. 
6.  If the reserves are not fully funded before lots are sold, how are the costs of unforseen problems paid?
Unforeseen problems are paid for from the actual cash or bond provided by the developer. 

Inside the Indian Springs Park Conversion

Take a look at some background data on the Indian Springs Mobile Home Park conversion.  They have a special problem, but have some of the same players that are directing our conversion and are going through the same process that we are experiencing.  -more-


Coachella Valley Mobilehome Parks
Registered With California Housing and Community Development Agency (HCD)

Desert Hot Springs               38
Palm Springs                       13
Cathedral City                      11
Rancho Mirage                       5
Palm Desert                           7
La Quinta                               1
Indio                                     18
Coachella                               4
Total                                     97
(Others are outside of cities in Riverside County areas.)
Search parks  

Lot values in the El Dorado mobile home park
The original lot prices offered to residents at the time of the conversion to condominium ownership ranged from $83,600 to $105,660.  As of August 20, 2006, current lot prices to buyers of existing mobile homes and approximately 33 vacant lots range from $132,000 to $167,000.

PSVE Park Description

 The PSVE park is located in east Palm Springs on the border with Cathedral City.  It was developed in the late 1960’s and early 1970’s and consists of 184 spaces divided into three sections: north, 5.75 acres; central, 6 acres; and south, 15 acres.   It includes a non-gated entry and an emergency exit at the rear of the north section.  Each section has a pool and spa and some green-belt areas.  The central section contains the clubhouse and some off-site parking along with the pool and spa.

The 400-foot wide Palm Canyon Wash (sometimes referred to as the Tahquitz Creek, or Whitewater River) is a Riverside County Flood Control Channel and separates the north and central sections.  The south side of the wash has a levee.  The official Coachella Valley Bike Path parallels the levee and then turns south and continues along the east side of the park.

The wash is not maintained and is home to a great deal of foliage and various species of wildlife, including roaming coyotes.   Because of the wide open area, the park cannot be enclosed and is exposed to anyone wishing to enter.  Security is obviously limited with home and auto break-ins continuing to be a problem.

The wash is also directly in line with the flight path of the Palm Springs International Airport, with the landing strip being located1-3/4 miles away.  The aircraft noise can be substantial, particularly during the tourist and convention seasons.

During and after rainstorms the floodwater flowing in the wash cuts off access to the north section, requiring access through an emergency gate at the rear of the park.  On a number of occasions, the road has washed out, or blocked with sand and debris, preventing ingress and egress for extended periods

Part of the south section is in the same flood zone area as the adjoining section of the El Dorado park, which now requires additional foundation heights to comply with government codes.

Individual Lot Variations

All PSVE lots are generally comparable in setting with slight variations in orientation and views.  Specific lot prices should fall within the range estimated in the previous section, with adjustments made for size and setting.  A small number are somewhat unique in that they border on a golf fairway and others border on the wash.  These have both positive and negative characteristics that should be considered in the individual lot pricing process.
 

 

 

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