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HomeMy WebLinkAboutReso 4971-1968 RESOLUTION NO. 4971 A RESOLUTION DETERMINING UNPAID ASSESSMENTS AND PROVIDING FOR ISSUANCE OF BONDS SOUTH AIRPORT BOULEVARD FIRE SERVICE ASSESSMENT DISTRICT RESOLVED, by the City Council of th~. City of South San Francisco, Califo.rnia, that WHEREAS, on March 4, 1968, said Council did pass and adopt its Resolution of Intention No. 4810, relatimg to the acquisi- tion and construction of public improvements in said City under and pursuant to the provisions of the Municipal Improvement Act of 1913, and did therein provide that serial bonds would be issued thereunder pursuamt to the provisions of the Improvement Bomd Act of 1915, referemce to said Resolutiom of Intention hereby being expressly made for further Darticulars; WHEREAS, notice of the recordation of the assessment and of the time within which assessments may be paid im cash has been duly published and mailed in the m~nner provided by law, and the time so provided for receiving t.he payment of said assessments in cash has expired, and the-City Treasurer has , prepared and filed in his ~office a list' of all assessments which now remain unpaid; and WHEREAS, the Council has duly considered said list and has determimed 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 se~ forth in said unpaid / 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 Superintendent of Streets of this 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 $18,Q69.02, and bonds shall be issued upon the security of said unpaid assess- ments in the amount of $18,069.02 in accordance with the provi- sions of the Improvement Bond Act of 19L5 (Division 10 of the Streets and Highways Code) and under and pursuant to the provi- sions of said Resolution of Intention ar`d the proceedings thereunder duly had and taken; that said bonds shall be nineteen (1.9) in number, shall be dated November 1, 1968, and bear inter- est fro~ their date at the rate of not to exceed six per cent (~) per annum, and the denomination of said bonds with 'their respective numbers and dates of maturity are as sho~n on Exhibit "B" hereto attached and made a Part hereof by reference. ~. Said bonds shall be issued in series, and. the unpaid assessments as shown on said list filed with the City Treasurer and deters~ined by said Council, together with the interest thereon, shall remain and constitute a trust fund for the redemption and payment of said bonds an~ of the interest which may be due thereon, which unpaid assessments shall be taxable in annual series corresponding 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 -ssued, and such pro- portion of each assessment coming due ir. any year, together with the annual interest thereon, shall in t~rn be payable in installments as the general taxes of sa'_d City on real property are payable, and shall become delinquent at the same time and in the same proportionate amounts and bear the same propor- tionate penalties for delinquency. 5. The bonds shall be executed .on behalf of the City and under its official seal by the Clerk and Treasurer, and the '. interest coupons attached thereto shall be executed by the City 'Treasurer. For such purposes, the Treasurer may use an engraved, .. printed or lithographed facsimile of his signature:in lieu of .. 'signature by hand. The~Seal of the City may beaffixed to the 'bonds by printed, lithographed or other reproduction thereof; 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 execution o~ each and.every one of said bonds ~'and coupons 'thereof respectiwely. Said bonds shall be substantially in the. form set forth kn the Improvement Bond Act of 1915. Said Treasurer and Clerk of this 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 t~.ereon shall be numbered consecutively and be substantially in t~.e following form, to wit: On the 2nd day of The CITY OF SOUTH SAN FRANCISCO will pay to bearer hereof at the office of the Treasurer 19 of said City, in the City of South San Francisco, County of San Mateo, CaLifornia, the sum shown.hereon, being the interest then due on Improvement Bond, South Airport BOUlevard Fire Service Assessment District, Dated November 1, 1968. Coupon No. Bond No. Treasure r Series No. 71 7. That the City clerk shall forward to the City Treasurer and County Controller a certified copy of this reso- lution. I hereby certify that the foregoing Resolution was regularly intro- duced and adopted by the City Council o£ the City of South San Francisco at a regular tmeeting held on the 21st day of October, 1968, hy the following vote: AYES, COUNCILMEN NOES, ABSENT, " Frank J. Bertucelli, Patrick E. Ahern, F. Frank Mammini, Andrew Rocca and Warren Steinkamp None None Assessment Number 5 26. 3~ 35 37 EXHIBIT "A" LIST OF UNPAID AssESsMENTS SOUTH AIRPORT BOULEVARD FIRE SERVICE ASSESSMENT DISTRICT CITY OF SOUTH SAN FRANCISCO Assessor's Parcel Number 015-1~2'130 015-1~1-160 015-1~1-180 015,172-100 015-173-0~0 015-17B-060 015-173-030 Assessed Valuation Amount Land Impvts 1,713.73. $ 51,800 $ 103,5~0 2~7.90 8,700 29,375 355.68 .... ~0~.18 13,900 30,950 1,293.38 38,500 ~5,290 8,368.93 95,300 190,750 5,685.22 39,700 -- $ 18,069.02 $ 2~7,900 $ 399,905 · EXHIBIT "B" 8eriea 71 Bond Numbers {Inclusive) 1 5 6 7 8 9 10 11 12 13 1~- 15 16 - 17 ~8- ~9 Amount of Prin~ ci~aL $ 69.02 1,0C 0. O0 1, ~00 i O0 1,000. O0 1,00O. 00 1,000. O0 1,000. O0 1,00).00 1,000. O0 1,000. O0 1,000. O0 1,000. O0 1,00(. O0 2,00~. 00 2,000. O0 2, OOC. O0 Date of, Maturity July 2, 1970 July ~, 1970 July 2, 1971 July 2, 1972 July 2, 1973 July 2, 1974 July 2, 1975 July 2, 1976 July 2, 1977 July 2, 1978 July 2, 1979 July 2, 1980 July 2, 1981 July 2, 1982 July 2, 19~3 ~u~y 2,