HomeMy WebLinkAboutReso 4093-1964 RESOLUTION NO. 4093
A RESOLUTION DETERMINING UNPAID ASSESSMENTS
AND PROVIDING FOR ISSUANCE OF BONDS
BUTLER ROAD IMPROVEMENT PROJECT
RESOLVED, by the City Council of the City of South
San Francisco, California, that
WHEREAS, said Council did on May 18, 1964 pass and
adopt its Resolution of Intention No. 3943 relating to
the acquisition and construction of public improvements
in said City under and pursuant to the provisions of the
Municipal Improvement Act of 1913, and amendments thereto,
and did therein provide that serial bonds would be issued
thereunder pursuant to the provisions of the Improvement
Bond Act of 1915, reference to said Resolution of Inten-
tion hereby being expressly made for further particulars;
WHEREAS, notice of the recordation of the assessment
and of the time within which assessments may be paid in
cash, has been duly published and mailed in the manner
provided by law, and the time so provided for receiving
the payment of assessments in cash has expired, and on
November 30j 1964, the Superintendent of Streets has filed
with the City Treasurer a list of all assessments which
now remain unpaid; and
WHEREAS, the Council has duly considered said list
and has determined that the same is an accurate statement
thereof;
NOW, THEREFORE, IT IS HEREBY ORDERED, as follows:
1. That the assessments in said unpaid list which
now remain unpaid, and the aggregate thereof, are as
shown on Exhibit "A" hereto attached and by reference made
a part hereof.
2. That for a particular description of the lots bear-
ing the respective assessment numbers set forth in said un-
paid list and upon which assessments remain unpaid, severally
and respectively, reference is hereby made to the assessment
and to the diagram recorded in the office of the Superinten-
dent of Streets of said City after confirmation by said
Council, the several lots represented by said assessment
numbers being so numbered and designated upon said diagram
and assessment as so confirmed and recorded, severally and
respectively.
3. The unpaid list is in the amount of $83,76~.43
and bonds shall be issued upon the security of said unpaid
assessments in the amount of $83,767.43 in accordance with
the provisions of the Improvement Bond Act of 1915 (Division
10 of the Streets and Highways Code) and under and pursuant
to the provisions of said Resolution of Intention and the
proceedings thereunder duly had and taken; that said bonds
shall be eighty-four (84) in number, shall be dated January
2, 1965, and bear interest from their date at the rate of
not to exceed six per cent (6%) per annum, and the denomina-
tion of said bonds with their respective numbers and dates
of maturity are as shown on Exhibit "B" hereto attached
and made a part hereof by reference.
4. Said bonds shall be issued in series, and the
unpaid assessments as shown on said list filed with the
City Treasurer of said City and determined by said Council,
together with the interest thereon, shall remain and con-
stitute a trust fund for the redemption and payment of said
bonds and of the interest which may be due thereon, which
unpaid assessments shall be taxable in annual series cor-
responding in number to the number of series of bonds issued,
and an annual proportion of each assessment shall be payable
in each year preceding the date of the maturity for each of
the several bonds issued, and such proportion of each assess-
ment coming due in any year, together with the annual interest
thereon, shall in turn be payable in installments as the
general taxes of said City on real property are payable, and
shall become delinquent at the same time and in the same pro-
portionate amounts and bear the same proportionate penalties
for delinquency.
5. Said bonds shall be signed by the Clerk and Treasurer
of the City or bear the Treasurer's engraved, printed or litho-
graphed signature, and the official seal of said City shall
be affixed thereto. The interest coupons affixed thereto shall
be signed by said Treasurer or bear his engraved, printed or
lithographed signature; and such signing and sealing of said
bonds by said officers and signing of said coupons by said
Treasurer shall constitute and be a sufficient and binding
e×ecution of each and every one of said bonds and all of the
coupons thereof respectively. Said bonds shall be substan-
tially in the form set forth in the Improvement Bond Act of
1915. Said Treasurer and Clerk of said City are hereby
authorized and directed to sign said bonds.
6. The interest coupons attached to each of said bonds
and evidencing the interest to accrue thereon shall be numbered
consecutively and be substantially in the following form, to-wit:
Coupon No. $
CITY OF SOUTH SAN FRANCISCO
SAN MATE0 COUNTY, CALIFORNIA
Will pay to bearer hereof on the 2nd day of
19 at the office of the Treasurer of the City of
Sou~ San Francisco, the sum of Dollars
($ ) said sum being the semi-annual interest
due on
Improvement Bond No.
of Series No.
Treasurer of the City of South
San Francisco
Y. That the City Clerk shall forward to the City Treasurer
and County Auditor a certified copy of this resolution.
hereby certify that the foregoing resolution was regularly
lntPodueed and adopted by the City Council of the City of South San
l~rancisco at a regular
7th day of December
vote:
meeting held this
1964 , by the following
AYES~ COUNCILMEN
NOES, "
Patrick E. Ahern, Frank Bertucelli, Emilio Cortesi,
Andrew Rocca, and Guido J. Rozzi.
None.
None.
ATTEST:
CITY CLERK
Assessment
Numb e r
LIST OF UNPAID ASSESSMENTS
CITY OF SOUTH SAN FRANCISCO
BUTLER ROAD IMPROVEMENT PROJECT
Assessorts
Parcel No.
Amount of
Assessment
Ass'd Val'n
Land Impvt
7 11.090 ac.
8 5.527 ac.
9 4.265 ac.
19 3.544 ac.
2O
21
22
24
15-010-14 por
15-190-02
15-190-06
15-022-02
Lot 12,Blk. 15,So. San~
Francisco Industrial Park
Unit 33
Lot 13, Blk. 15,
SSFIP #33
Lot 15~. Blk. 16
SSFIP ~33
Lot 9, Blk. 16
SSFIP #33
21,681.31
13,955.24
13,700.95
16,884.62
2,~06.46I
2,515.855
3,467.50)
9,155.50t
poP.
79,875
23,075 49,200
24,100 6,900
25,000 15,440
427,100
$ 83,767.43
$579,150 $71,540
EXHIBIT "B"
Series
66
Bond No.
1-5
6-10
-11
12-16
17-21
22 -26
27-31
32 -36
37 -/.!.2
~9-5~
55 -6o
61-66
67-72
73-78
79 -84
Amount
$1,000.00
1,000. O0
767.~3
1,000.00
1,000. O0
1 · 000.00
1,000. O0
1 · 000. O0
1 · 000. O0
1,000.00
1 · 000. O0
1 · 000. O0
1,000. O0
1 · 000.00
1 · 000. O0
1,000. O0
Date of
July 2,
July 2,
July 2,
July 2·
July 2,
July 2,
July 2,
July 2,
July 2,
July 2,
July 2·
July 2,
July 2~
July 2,
July 2,
July 2·
Maturity
1966
1967
1967
1968
1969
197o
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980