HomeMy WebLinkAboutReso 5323-1970 RESOLUTIC N NO o 5323
A RESOLUTION DETERM-NING UNPAID ASSESSMENTS
AND PROVIDING FfR ISSUANCE OF BONDS
EL CAMINO REAL SIDEWALK PROJECT
ASSESSMENT DISTRICT
RESOLVED, by the City Council of the City of South
San Francisco, California, that
WHEREAS, on December 16, 1968, said Council did pass and
adopt its Resolution of Intention No. 5002, as subsequently
amended, relating to the construction of public improvements
in said City under and pursuant to the provisions of the Muni~-
cipal ImprOvement Act of 1913, and did therein provide that
serial bonds would be issued thereunder pursuant to the provi-
sions of the Improvement Bond Act of 1915, reference to said
Resolution of Intention 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 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
WHE~S, this Council has duly considered said list and
has'determined that the same is an accurate statement thereof;
NOW, THEREFORE, 'IT IS HEPEBY 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 arid 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 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 kY said assessment numbers being
so numbered and designated upcn said diagram and assessment
as so confirmed and recorded, severally and respectively.
B. The unpaid list is in the amount of $8,571.91, and
bonds shall be issued upon the security of said unpaid assess-
ments in the amount of $8,571.90 in accordance with.the pro-
visions 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 ten
(10) in number, shall be dated July 2, 1970, and bear interest
from their date at the rate of not to exceed seven percent
(7%) per annum, and the denomination 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
and determined by said Council, together with the interest
thereon, shall remain and constitute 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 corresponding in number to the number of
series of bonds issued, and an annual proportion of each assess-
ment shall be payable in each year preceding the date of the
..
maturity for each of the several bonds issued, and sUch pro-
portion of each assessment coming due in any year, together
with the annual interest there~n, 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 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 Tre&surer~ 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 signature in lieu of signature
by hand. The seal of the City may be affixed to the bonds by
printed, lithographed or other reproduction thereof; and such
signing and sealing of said bends by said officers, and sign-
ing of said coupons by said Treasurer, shall constitute and be
a sufficient and binding exec~rtion of each and every one of
said bonds and coupons thereof respectively. Said bonds shall
be substantially in the form set forth in 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 thereon shall be numbered
consecutively and be substantially in the 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, E1 Camino Real
Sidewalk Project Assessment District,
dated July 2, 1970. ---
Treasure r
Coupon No,
Bond No.
Series No. 73
7. That the City Clerk shall forward to the City
Treasurer and County Controller a certified copy of this
resolution.
I hereby certify that the foregoing resolution was regularly intro-
duced and adopted by the City Council of the City of South San Francisco
at a regular meeting held this 1st day of 3une, 1970, by the following
vote:
AYe-S, COUNCILMEN Patrick P-. Ahern, Frank J. Bertucelli, William A.
Borba, F. Frank Mammini and Warren Steinkamp
NOES, " None
ABSENT, " None
ATTEST: ~ ~--~~~
EXHIBIT "A"
LIST OF UNPAID ASSESSMENTS
EL CAMINO BEAL SIDEWALK PROJECT
AS. SESSMENT DISTRICT
AsBessment
Number
1
3
8
12
19
Assessor' s
Parcel Number
014-183.210
014-16o-o4o
01~-03.~-:L~0
01~$-031;210
oz. '03z- 3o '
o1~-.031.~5o '
d -
014~031-360
o14-o31-3oo
014-031-310
014'031-320
013-g41-180
013-2Ztl-2OO~
Amount of
Assessment
$ 2,227.12 $
1,631.61
602.
98
518.66
1,c3?.31
20.1.o3
1'22.35
'~25.64
83.79
8,~71.91
Assessed V&lu&tlon
hand' 'am~rovements
7~,3oo $ -
13,100 10,665
4,650 1,9ZlO
2,325 -
2,350 75
2,350
2,350
170
9,425 4,475
2,350 -
2,350 -
2,350 -
7,750 -
16,300 9,150
$141,950 $ ~6:, 475
EXHIBIT "B"
Series
73
Bond Numbers
1
2
3
4
5
6
7
8
9
lO
Amount of
Principal
$ 857,19
857.19
857o19
857.19
857.19
857.19
B57.19
B57.19
B57.19
B57.19
Date of Maturity
July 2, 1971
July 2, 1972
July 2, 1973
July 2, 1974
July 2, 1975
July 2, 1976
jUly 2, 1977
j~lY 2, 1978
July 2, 1979
July 2, 1980
! 7