HomeMy WebLinkAboutReso 154-1982RESOLUTION NO. 154-82
A RESOLUTION ORDERING REDUCTION OF ASSESSMENTS
THE GATEWAY ASSESSMENT DISTRICT
NO. ST-82-2
RESOLVED, by the City Council of the City of South San Francisco, County
of San Mateo, California, that
WHEREAS, the estimated cost of the project under Resolution of Intention
No. 74-82, adopted by this Council on July 7, 1982, was $26,621,354, of which
amount this City was to contribute the sum of $492,500, leaving a balance to
assessment of $26,128,854;
WHEREAS, following the opening of bids for the work and receipt of the
underwriters' offer to purchase the bonds, said estimate may be reduced to
$22,044,370, of which amount this City will contribute the estimated sum of
$492,500, leaving an estimated balance to assessment of $21,551,870;
·
NOW, THEREFORE, IT IS HEREBY ORDERED that the total assesssment is
hereby reduced from $26,128,854 to $21,551,870 and that each of the individual
assessments shall be reduced by its pro rata share of the difference between
the total assessment as preliminarily approved and said reduced total
assessment except that the assessment on Assessor's Parcel Nos. 015-023-150
and 015-023-160 {Assessment No. 10) shall remain at and not exceed the amount
of $1,800,000.
I hereby certify that the foregoing resolution was regularly introduced
and adopted by the City Council of the City of South San Francisco at a
regular meeting held on this 1st day of December , 1982, by the following
vote:
AYES:
NOES'
ABSENT'
Councilmembers Ronald G. Acosta, Mark N., Addiego, Emanuele N.
Damonte, Gus Nicolopulos; and Roberta Cerri Teglia
None
None
ATTEST: