HomeMy WebLinkAboutReso 1397-1948RESOLUTION NO. 1397
AN ORDER PROVIDING FOR THE ISSUANCE OF STRRET IMPROVEMENT BONDS,
PRESCRIBING THE DENOMINATION OF SUCH BONDS AND THE INTEREST
COUPON ATTACHED, PURSUANT TO RESOLUTION OF INTENTION NO. IO~$
~ITLED: "A RESOLUTION OF THE CiTY COUNCIL OF THE CITY OF~ SO.
SAN FRANCISCO DECLARING ITS INTENTION TO IMPROVE STREETS AND
OTHER AREAS IN THE SUBDIVISION OF SAID CITY KNO~ AS RANCH~
BUR1 BURi2
.WHEREAS the City Council of the City of South San Francisco did, on the 23rd day of April, 19&6
pass its Resolution of Intention No. 1095 for the improvement of certain streets in~said resolution of intention
mentioned and described, under andpursuaht to the provisions of the "Improvement Act of 1911", and the amendment,,
thereto, reference to said resolution, of intention being hereby expressly made for the description of said work,
and for further particulars, an~d
.WHEREAS the contract for said work and improvements was entered into by Buri Buri Homes, Inc. and
Henry L. Schweining, as Superintendent of Streets of said city, and thereafter was completed to the satisfaction
of the said superintendent of streets, whereupon a diagram and aSsessment were made; and
WHEREAS, after notice of filing the assessment was given, as provided by law, said assessment was
confirmed by the City Council of the City of South San Francisco and a warrant thereupon was attached thereto
by said superintendent of streets, after the diagram, assessment and warrant were recorded by said superintendent
of streets and.then delivered to the contractor, as required by said act; and. said warrant having been returned
to said superintendent of streets with the written statement of the amount unsaid upon each assessment shown
thereon, which ~ statement was signed by said contractor and was thereupon filed by said superintendent of streets;
and
.WHEREAS on the 2&th da~ of November, 19&8, aaid superintendent, of streets filed with~..the City
Clerk a complete list of all assessments unpaid under said assessment upon the respective assessment or diagram
numbers thereon, whereupon said city clerk gave notice of the filing of said list, having fixed the 6th day of
December, 19&8~ at the hour of 8 o'clock p.m., as the time when interested persaas may appear before said city
council and show cause why bonds should not be issued upon the security of the unpaid assessments shown upon
said assessment list, said time being, that of the regular meeting of the city. council; and it appearing from the
affidavit of Daniel J. Hyland, City Clerk of said city, which affidavit is now on file in the office of said
city clerk, that said notice was posted as required by law; and it likewise appearing from the affidavit of
Myra R. Spangler now on file in the office of the city clerk that said notice.was published as required by law;
and
· WHEREAS no person has at any time made any objection against the issuance of bonds, it is largely
determined that the assessments unpaid and the aggregate amount of the same are as follows:
DIAGRAM AND
ASSESSMENT ND.. AMOUNT
3 $ 881.60
~ 881.66
5 881.60
6 881.00
7 881.0o
7A 881.66
8 1,000.60
8A 850.
8B 850.60
8c 1,137.o o
8D 959.91
35 721.60
36 721.60
37 721.60
38 721.66
39 2,593..60
300..00
87)
88) ' 850.60
90 850.60
91 ' 850.60
93 ' 850.60
9& 85o. 60
95 850.60
96 ' 850.00
97 85O.OO
99 850.00
100 85O.OO
DIAGRAM AND
· ASSESSMENT NO.
~.ot
lO3
lO~.
108
120
121
122
123
125
150
177
252
267
292
293
291.,.
295
296
350
351
355
353
35;.,.
356
357
358
AMOUNT
$ 850.OO
850.00
850.00
850.00
850.OO
85 O. O0
850. O0
85O.OO
850.00
85O.OO
850.OO
850.00
850.00
850.00
850.00
850.00
850. O0
850.00
850.00
850.00
1,357.97
2,600.00
1,357.97
2,&O0.OO
1,357.97
1,357.97
1,360.53
1.92~.66
The total aggregate amount of said sums unpaid is $55,076.98.
NOW, THEREFORE, i~ consideration of the premises, the City Council of the City of South San
Francisco does ordain as follows:
Section 1. Said bonds shall be issued unon the security of the unnaid assessments ~n the amo,,nt
to said superintendent of S~re~s 'with' the' ~[-t~e~ s~at~nt:~ o'f~'the amount~~,~pon each asee..~,~ oav.~ ·
thereon, which.statement was signed by said contractor and was thereupon filed by said superintendent of streets;
and
. ~HEREAS on the 2Ath day of November, 19A8, said superintendent, of streets filed with[the City
Clerk a complete list of all assessments unpaid under said assessment upon the respective assessment or diagram
numbers thereon, whereupon s~id city clerk gave notice of the filing of said list, having fixed the 6th day of
December, 191.8, at the hour of 8 o'clock p.m., as the time when interested pers~s may appear before said city
council and show cause why bonds should n~t be issued upon the security of the unpaid assessments shown upon
said assessment list, said time being, that of the regular meeting of the city. council; and it appearing from the
affidavit of Daniel J. Hyland, City Clerk of said city, which affidavit is now on file in the office of said
city clerk, that said notice was posted as required by law; and it likewise appearing from the affidavit of
Myra R..Spangler now on file in the office of the city clerk that said notice.was published as required by law;
and
.WHEREAS no person has at any time made any objection against the issuance of bonds, it is largely
determined that the assessments unpaid and the aggregate amount of the same are as follows:
DIAgrAM AND
ASSESS~ ~NT ND..
3
5
6 '
?
7A
8
8A
8B
8C
8D
35
36
37
38
39
67
87)
88)
9O
91
93
95
96
97
99
100
AMOUNT
881.~
881.~0
881.00
881.00
881.00
881.~
1,OOO.0O
850.~
85o.~o
1,137.O~0
959.91
721.60
7~1.50
721.00
721.~
2,593.b0
850.60
850.60
850.~O
85O.0O
850.~0
85O.0O
85O.OO
850.OO
85O.OO
DIAGRAM AND
.ASS ~mT NO.
103
101.
108
120
121
122
125
150
177
267
292
293
291,
295
296
350
351
355
353
356
357
358
AMOUNT
$ 850.00
850.oo
850.00
850.00
850.OO
850.OO
850. O0
850.00
850.O0
850.O0
850.OO
850.OO
850.00
850.OO
850.OO
850.00
85O.OO
850.00
850.00
850.00
1,357.97
2,600.00
1,357.97
2,1.O0.O0
1,357.97
1,357.97
1,360.53
1,92A.66
The total aggregate amount of said sums unpaid is $55,O76.98.
NOW, THEREFORE, i~ consideration of the premises, the City Council of the City of South San
Francisco does ordain as follows:
Section 1. Said bonds shall be issued upon the security of the unpaid assessments in the amount
of $55,076.98, in accordance with the provisions of said "Improvement. Act of 1911", and the amendments thereto,
and of the ~mpro~ement Bond~.Act of 1915", and the amendments thereto, under and pursuant to the resolutions,
notices and proceedings duly adopted and taken by said City Council. Said bonds shall be called "Improvement
Bo~ds" and shall be dated December 6th, 191.8, and bear interest at the rate of five (5) percent per annum,
commencing o~ the 2Otb day of ~eptember, 191.8, and shall be seventy-five (75) in number and shall be in the
follpwing denominations.
BOND DATE OF
NUMBERS SERIES ' DENOMINATIONS MATURITY
DENOMINATIONS
OF INT. COUPONS
PAY. JAN 2. 1950
DENOMINATIONS OF
SEMI-ANNUAL INT-
~EST COUPONS.'
1 $1,000.00 July 2, 1950
2 1,O00.00 July 2, 1950
3 1,0OO.O0 July 2, 1950
1. 1,O00.00 July 2, 1950
5 295.13 July 2, 1950
6 1,0OO.00 July 2, 1951
7 1,OOO.OO July 2, 1951
8 1,000.O0 Jgly 2, 1951
9 1,O00.00 July 2, 1951
10 295.13 July 2, 1951
$61..17
6~.17
61..17
61..17
18.91.
61..17
18.91.
$25.00
.25.00
25.oo
25.00
10.1.5
25. O0
25. O0
25.00
25.00
lO.1.5
'324
BOND
11
12
13
15
16
17
18
19
2O
22
23
25
26
29
30
31
32
33
35
36
37
38
39
5O
51
52
53
61
62
63
69
7O
71
72
73
SERIES
D~NOMINATIONS
$1,000.00 ·
1,0OO.OO
1,000.00
1,000.00
295,13
1,O00.O0
1,000.00
1,000.00
295.13
1,000.O0
1,000.00
1,000.OO
295.13
1,000.00
1,000. O0
1,000.OO
1,OO0.00
295.13
1,000.00
1,000.00
1,000.00
1,0OO.00
295.13
1,OOO.00
1,000.00
1,0OO.00
1,0OO.00
295.13
1,000.00
1,000.00
1,000.00
1,000.00
295.13
1,OOO.OO
1,000.00
1,000.00
1,0OO.00
295.13
1,000.00
1,000.00
1,000.00
1,0OO.00
295.13
1,000.00
1,000.O0
1,000.00
1,O00.00
295.13
1,000.O0
1,000.OO
.1,000.O0
1,000.O0
295.13
1,000. O0
1,000.00
1,000.00
1,O00.00
295 · 13
1,000.O0
1,000.00
1,000.00
1,000.00
295.13
Total issue $6&,h26.98.
DENOMINATIONS
DATE OF OF INT. COUPONS
MATURITY PA~. JAN 2. 1950
July 2, 1952 $6&.17
July 2, 1952 64.17
July 2, 1952 64.17
July 2, 1952 6&..17
July 2, 1952 18.94
July 2, 1953 64.17
July 2, 1953 64.17
July 2, 1953 64.1~
July 2, 1953 64.17
July 2, 1953 18.94
July 2, 1954 64.17
July 2, 1954 64.17
July 2, 195& 64117
July 2, 1954 6&.17
July 2, 1954 18.94
July 2, 1955 64.17
July 2~ 1955 64.17
July 2, 1955 64.17
July 2, 1955 6&.17
July 2, 1955 18.94
July 2, 1956 6&.17
July 2, 1956 64.17
July 2, 1956 64.17
July 2, 1956 64.17
July 2, 1956 18.94
July 2, 1957 64.17
July 2, 1957 64.17
July 2, 1957 6~.17
July 2, 1957 64.17
July 2, 1957 18.94
July 2, 1955 64.17
July 2, 1958 6~.17
July 2, 1958 6~.17
July 2~ 1958 6&.17
July 2, 1958 18.94
July 2, 1959 6&.17
July 2, 1959 64.17
July 2, 1959 6&.17
July 2, 1959 6~.17
July 2, 1959 18.9&
July 2, 1960 6&. 17
July 2, 1960 6&.17
July 2, 1960 64.17
July 2, 1960 64. t7
July 2, 1960 18.94
July 2, 1961 6&. 17
July 2, 1961 6~. 17
July 2, 1961 64.17
July 2, 1961 6&. 17
July 2, 1961 18.9&
July 2, 1962 6&.17
July 2, 1962 64.17
July 2, 1962 64.17
July 2, 1962 6&. 17
July 2, 1962 18.94
July 2, 1963 64.17
July 2, 1963 64.17
July 2, 1963 64.17
July 2, 1963 64.17
July 2, 1963 18.94
July 2, 196& 64.17
July 2, 1964 64.17
July 2, 196& 6&. 17
July 2, 196& 64.17
July 2, 1964 18. ~
DENOMINATIONS OF
SEMI-A}~NUAL IN-
TEREST COUPONS
$25.~00
25.00
25.00
25.00
10.45
25.00
25.00
25.00
25.00
10.~5
25.00
25.OO
25.00
25.00
10.~5
25.00
25.OO
25.00
25.00
25.OO~
25.00
25.OO
10.45
25.OO
25.OO
25.00
25.00
10.~5
25.00
25.00
25.OO
25.00
10.45
25.00
25.00
25.00
25.OO
10.~5
25.00
25.00
25.00
10.45
25.00
25.00
25.00
25.OO
10.45
25.00
25.00
25.00
25.00
10.45
25.00
25.00
25.00
25.00
10.~5
25. O0
25.00
25.O0
25.00
10.45
Sedtion 2. Said bonds will be issued in annual series and the'un~id ,.~,,..m.~+.o
38
39
~2
~3
~5
~6
~7
~8
~9
5O
51
52
53
55
56
57
58
59
61
63
65
66
67
69
7O
71
72
73
75
1,0OO.O0 July 2, 1957 6~.17 25.00
1,000.00 July 2, 1957 64.17 25.OO
295.13 July 2, 1957 18.9~ 10.45
1,000.00 July 2, 1955 64.17 25.00
1,000.00 July 2, 1958 6~.17 25.00
1,000.00 July 2, 1958 6~.17 25.00
1,000.00 July 2~ 1958 64.17 25.00
295.13 July 2, 1958 18.94 10.~5
1,OOO.OO July 2, 1959 64.17 25.00
1,000.00 July 2, 1959 6~.17 25.00
1,000.00 July 2, 1959 64.17 25.00
1,O00.00 July 2, 1959 64.17 25.00
295.13 July 2, 1959 18.94 10.45
1,000.00 July 2, 1960 ~.17 25.00
1,0OO.00 July 2, 1960 64.17 25.00
1,000.O0 July 2, 1960 6~.17 ~5.00
1,0OO.00 July 2, 1960 64.17 25.00
295.13 July 2, 1960 1~. 9~ 10.45
1,0OO.00 July 2, 1961 6~.t7 25.00
1,0OO.O0 July 2, 1961 6~.17 25.00
1,0OO.00 July 2, 1961 64.17 25.00
1,O00.O0 July 2, 1961 64.17 25.00
295.13 July 2, 1961 1~.9~ 10.~5
1,0OO.00 July 2, 1962 64.17 25.00
1,0OO.00 July 2, 1962 64.17 25.00
1,000.OO July 2, 1962 64.17 25.00
1,O00.00 July 2, 1962 64.17 25.00
295.13 July 2, 1962 18.94 10.45
1,O00.OO July 2, 1963 6~.17 25.00
1,000.00 July 2, 1963 6&.17 25.00
1,O00.00 July 2, 1963 6~.17 25.00
1,0OO.00 July 2, 1963 64.17 25.00
295.13 July 2, 1963 18.9~ 10.~5
1,000.00 July 2, 196& 64.17 25.00
1,0OO.00 July 2, 196& 64.17 25.00
1,000.00 July 2, 1964 64.17 25.00
1,000.OO July 2, 196~ 64.17 25.00
295.13 July 2, 1964 18.94 10.45
Total issue $64,426.98.
Sedtion 2. Said bonds will be issued in annual series and the°ur4~id assessments, as determined by
said city council, together with the interest thereon shall remain and constitute a trust fund for the redemption
and payment of said bonds and for the ihterest which may be due thereon, which unpaid assessments shall be payable
in annual series corresponding in number to the number series of the bonds issued. An even annual proportion of
each assessment shall be payable in each year preceding the date of maturity of each of the several series of bonds,
and such proportion of each assessment coming .due in any year, together with the annual interest thereon, shall in turn
be payable in installments and the same~as the general municipal taxes of said City of South San Francisco on real
property are payable, and shall become delinquemt at the same time and in the same proportionate amounts, and bear the
same proportionate penalties for delinquency. 'Said bonds shall be signed by the treasurer of the City of South San
Francisco and Countersigned by the clerk who shall affix the official seal of said city. The interest coupons affixed
'thereto shall bear the engraved or printed or lithographed signature of the treasurer in place of his signature. Said
bonds shall be substantially in the form set forth in said "Improvement Bond Act of 1915", as amended.
The interest coupons attached to each of said bonds and evidencing the interest to accrue thereon shall
be numbered consecutively and shall be substantially in the following form, to-wit:
COUPON NO. ~
The City of South San Francisco, California, will pay the bearer hereof, on the 2nd day of
19 , $ , at the office of the city treasurer, said sum being the semi-annual interest due on
improvement bond.No. , Series No. .
City Treasurer
Section 3. Said city clerk shall forthwith deliver said bonds to said Buri-Buri Homes, Inc., in satis-
faction of the balance due to it upon its assessment and warrant.
I hereby certify that the foregoing resolution was regularly introduced and adopted by the City Council
of the City of South San Francisco this 6th day of December, 19&8, by the following vote:.
Ayes:
Noes:
Ab sent
Councilmen Victor Boido, Chas. E. Elder, Leo Ferko, Adolph Sani, Emilio Cortesi.
Councilmen None
Councilmen None
Attest:
DANIEL J. HYLAND
City Clerk