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Home My WebLink AboutReso 2622-1958(Harbor Way Assessment) RESOLUTION NO. 2622 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SOUTH SAN FRANCISCO DETERMINING THE UNPAID ASSESSMENTS AND PROVIDING FOR THE ISSUANCE OF BONDS BE IT RESOLVED by the City Council of the City of South San Francisco that WHEREAS said City Council did, on january 6, 1958, pass and adopt its Resolution of Intention No. 2567 relating to the construction of public improve- ments in said City under and pursuant to the provisions of the Municipal Improvement Act of 1913, as amended, 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 Intention being hereby expressly made for further particulars; and WHEREAS notice of the recordation of the assessments, and of the time within which the assessments may be paid in cash has been duly published and mailed in the manner provided by law, and whereas the time so provided for receiv- ing the payment of assessments in cash has expired; and whereas, on April 21, 1958, the Director of Public Works of said City, its ex-officio Superintendent of Streets, did file with the City Treasurer of said city a list of all assessments remaining unpaid; and WHEREAS said City Council has duly considered said list and has deter- mined that the same is an accurate statement thereof, NOW, THEREFORE, BE IT RESOLVED by said City Council as follows: 1. That the assessments in said unpaid list which now remain unpaid, and the aggregate thereof, are as shown on "EXHIBIT A", attached hereto and by this reference made a part hereof. 2. That reference is hereby made to the assessment and to the diagram recorded in the Office of the said Director of Public Works, as ex-officio Super- intendent of Streets of said city, as said assessment and diagram have been con- firmed by said City Council, for a particular description of the lots bearing the respective assessment numbers upon which assessments remain unpaid, severally and respectively. 3. That the amount of the unpaid assessments is One Hundred Five Thousand Eight Hundred Fifty-five and 80/100 Dollars ($105,855.80) and that bonds in the amount of One Hundred Five Thousand Eight Hundred Fifty-five and 80/100 Dollars ($105,855.80) shall be issued upon the security of said unpaid assessments in accordance with the provisions of the aforementioned Improvement Bond Act of 1915 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 one hundred twenty (120) in number, shall be dated May 2, 1958, and bear interest at the rate of not-to-exceed six percent (6%) from May 2, 1958, and the denominations of said bonds with their respective numbers and dates of maturity are as follows: Series Bond No. Denomination Date of Maturity 52 1 $1,000.00 July 2, 1959 2 1,000.00 July 2, 1959 3 1,000.00 July 2, 1959 4 1,000.00 July 2, 1959 5 1,000.00 July 2, 1959 6 1,000.00 July 2, 1959 7 1,000.00 July 2, 1959 8 57.06 July 2, 1959 9 1,000.00 10 1,000.00 11 1,000.00 12 1,000.00 13 1,000.00 14 1,000.00 15 1,000.00 16 57.06 July 2, 1960 July 2, 1960 July 2, 1960 July 2, 1960 July 2, 1960 July 2, 1960 July 2, 1960 July 2, 1960 17 1,000.00 18 1,000.00 19 1,000.00 20 1,000.00 21 1,000.00 22 1,000.00 23 1,000.00 24 57.06 July 2, 1961 July 2, 1961 July 2, 1961 July 2, 1961 July 2, 1961 July 2, 1961 July 2, 1961 July 2, 1961 25 1,000.00 26 1,000.00 27 1,000.00 28 1,000.00 29 1,000.00 30 1,000.00 31 1,000.00 32 57.06 July 2, 1962 July 2, 1962 July 2, 1962 July 2, 1962 July 2, 1962 July 2, 1962 July 2, 1962 July 2, 1962 244 Series 52 Bond No. 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 5O 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 7O 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 , 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 Denominat ion $1,000.00 .1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 57.06 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 57.05 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 57.05 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000,00 57.05 1,000.00 1,000,00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 57.05 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 57.05 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,O00.O0 57.05 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 57.05 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,O00.O0 1,000.00 57.05 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 57.05 Date of Maturity July 2, 1963 July 2, 1963 July 2, 1963 JUly.'2, 1963 July 2, 1963 July 2, 1963 JUly 2, 1963 July 2, 1964 July 2, 1964 July 2, 1964 July 2, 1964 July 2, 1964 July 2, 1964 July 2, 1964 July 2, 1964 July 2, 1965 July 2, 1965 July 2, 1965 July 2, 1965 July 2, 1965 July 2, 1965 July 2, 1965 July 2, 1965 July 2, 1966 July 2, 1966 July 2, 1966 .July 2, 1966 July 2, 1966 July 2, 1966 July 2, 1966 .July 2, 1966 July 2, 1967 July 2, 1967 July 2, 1967 July 2, 1967 July 2, 1967 July 2, 1967 July 2, 1967 July 21,1967 July 2, 1968 July 2, 1968 July 2, 1968 July 2, 1968 July 2, 1968 July 2, 1968 July 2, 1968 July 2, 1968 July 2, 1969 July 2, 1969 July 2, 1969 July 2, 1969 July 2, 1969 July 2, 1969 July 2, 1969 July 2, 1969 July 2, 1970 July 2, 1970 July 2, 1970 July 2, 1970 July 2, 1970 July 2, 1970 July 2, 1970 July 2, 1970 July 2, 1971 July 2, 1971 July 2, 1971 July 2, 1971 July 2, 1971 July 2, 1971 July 2, 1971 July 2, 1971 July 2, 1972 July 2, 1972 July 2, 1972 July 2, 1972 July 2, 1972 July 2, 1972 July 2, 1972 July 2, 1972 Series Bond No. DenOmination Date of Maturity 52 113 $1,000.00 114 1,000.00. 115 1,000.00. 116 1,000.00 117 1,000.00 118 1,000.00 119 1,000.00 120 57,05 July 2, 1973 July 2, 1973 July 2, 1973 July 2, 1973 July 2, 1973 July 2, 1973 July 2, 1973 July 2, 1973 4. That said bonds shall be issued in series, and the unpaid assessments as shown on the aforesaid list of unpaid assessments, as filed with the City Treasurer of said City and 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 of the interest which may become due thereon,, which unpaid assessments shall be payable in annual series corresponding in number to the number~ of series of bonds issued, and an even annual proportion of each assessment shall be payable in each year pr~ceding the date of ~he maturity for each of the several series of bonds issued, and such proportion of each assessment coming, due in any year, together/with the annual' interest thereon, shall~in~turn be payable in installments in the same manner:-as are the general real, prOPerty, taXes levied by said city, and shall.be~':del;iaquent:..at;:the:.samei$1meland i~'the same'Pro- portionate amounts and bear the.'same[prOport!onate(;~naltiee.-for'deliflquency. 5. That said bonds shall be signed by the City Treasurer of said City and be countersigned by the City Clerk, who shall affix thereto the official seal of said City; t,hat the interest coupons affixed thereto shall be signed by the City Treasurer, or, in lieu thereof, bear his engraved, printed, or lithographed signature; and that such signing of said coupons by said City Treasurer shall constitute, and be, a suf- ficient and binding execution of each and every one of said bonds and all the coupons thereof, respectively; that said bonds shall be substantially in the form set forth in said Improvement Bond Act of 1915 and that said City Treasurer and said City Clerk are hereby authorized and directed so to sign and countersign, respectively. 6. That the interest coupons to be attached to each of said bonds, and eviden- cing the interest to accrue thereon, shall be numbered consecutively and be substan- tially in the following form: Coupon No. $ CITY OF SOUTH SAN FRANCISCO STATE OF CALIFORNIA Will pay to bearer hereof on the 2d day of , 19 , at the office of the Treasurer of the City of South San Fr-~-h~isco, the sum of Dollars ($ ), said sum being the semi-annual interest due on Improvement Bond No. of Series Treasurer of the City of South San Francisco 7. That the City Clerk shall forward a certified copy of this resolution to the City Treasurer and City Auditor. I hereby certify that the foregoing resolution was duly and regularly adopted and passed by the City Council of the City of South San Francisco, California, at a regular meeting thereof, held on the 21st day of April 1958, by the following vote: AYES, Councilmen G. J. Rozzi, Andrew Rocca, Emilio Cortesi, Leo J. Ryan and Patrick E. Ahern NOES, None ABSENT, None ATTEST: ARTHUR A. RODONDI CITY CLERK OF THE CITY OF SOUTH SAN FRANCISCO