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HomeMy WebLinkAboutReso 2668-1958 Signed CopyKWH&W: F~W: JS: lr RESOLUTION NO. 2668 A RESOLUTION DETERMINING UNPAID ASSESSMENTS AND PROVIDING FOR ISSUANCE 0F BONDS MADRONE AVENUE RESOLVED, by the City Council of the City of South San Francisco, California, that WHEREAS, said Council did on April 7, 1958 pass and adopt its Resolution of Intention No. 2608 relating te the con- struction of public improvements in said City under and pursuant to the provisions of the Municipal Improvement Act of 1913, and amendments thereto, 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 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 assessments in cash has expired, and on July ll, 1958, the Superintendent of Streets has filed with the City Treasurer a list of all assessments which now remain unpaid; and WHEREAS, the Council has duly considered said list and has determined 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 set forth in said unpaid list and upon which assessments remain unpaid, severally and respective- ly, reference is hereby made to the assessment and to the diagram recorded in the office of the Superintendent of Streets of said City -1- 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. B. The unpaid list is in the amount of $8,359.98 and bonds shall be issued upon the security of said unpaid assessments in the amount of $8,359.95 in accordance with the provisions of the Improvement Bond Act of 1915 (Division l0 of the Streets and High- ways Code) and under and pursuant to the provisions of said Resolution of Intention and the proceedings thereunder duly had and taken; that said bonds shall be fifteen (15) in number, shall be dated August 15, 1958, and bear interest from their date at the rate of not to exceed six percent (6%) per annum, and the denomina- tion of said bonds with their respective numbers and dates of maturity are as shown on Exhibit "B" hereto attached and made a part hereof by reference. h. Said bonds shall be issued in series, and the unpaid assessments as shown on said list filed with the City Treasurer of said City and determined by said Council, together with the interest thereon, shall remain and constitute a trust fund for the redemption and payment of said bonds and of the interest which may be due thereon, which unpaid assessments shall be taxable in annual series corresponding in number to the number of series of bonds issued, and an even annual proportion of each assessment shall be payable in each year preceding the date of the maturity for each of the several bonds issued, and such proportion of each assessment coming ~ue in. any year, together with the annual interest thereon, shall in turn be payable in installments as the general taxes of said City on real property are payable, and shall become delinquent at the same time and in the same proportionate amounts and bear the same proportionate penalties for delinquency. 5. Said bonds shall be signed by the City Clerk and Treasurer of the City or bear the Treasurer's engraved, printed or C£NTRALRECG~$ ~LE NO. --2-- lithographed signature, and the official seal of said City shall be affixed thereto. The interest coupons affixed thereto shall be signed by said Treasurer or bear his engraved, printed or litho- graphed signature; 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 of each and every one of said bonds and all of the coupons thereof respectively. Said bonds shall be substantially in the form set forth in the Improvement Bond Act of 1915o Said Treasurer and Clerk of said 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: Coupon No. $ CITY OF SOUTH SAN FRANCISCO SAN MATEO COUNTY, CALIFORNIA Will pay to bearer hereof on the 2nd day of , 19 at the office of the Treasurer of the City o-~South San Francisco, the sum of Dollars ($ ) said sum being the semi-annual interest due on Improvement Bond No. of Series No. 'lTeasure~lOf the City of South San Francisco 7. That the City Clerk shall forward to the City Treasurer and City Auditor a certified copy of this resolution. -3- C~T~AL. ~O~iDS FILE: NO. ~-3 oo LIST 01~ UNPAID ASSESSMENTS CITY OF SOUTN SAN FRANCISCO MADRONE AVENUE Parcel No. Block & Lot Subdivision D-1 Peck's Sub. No. 1 D-10 and SW 12.5 ft of D-Il, Peck's Sub. 1 D-II, NE 12.5 feet and D-12 " D-I5 ! D-16 " D-17 D-18 D-19 D-20 D-21 D-22 E-8 E-10 E-12 E-14 E-16 E-21 E-22 E-23 E-27 Ass'd Vain. Amount 'L~nd Impvt $517.11 $ 180 $ 960 468.51 225 2,320 468.51 225 2,320 i 150 2,190 937.02 150 150 990 312.34 150 1,800 I 150 1,500 624.68 15o 35T.34 15o 576.47 150 1,980 575.08 180 15o 900 624.68 150 312.34 150 312.3~ 150 2,010 312.34 150 780 ) 150 2,550 624.68) 15o 1,336.54 150 2,430 $8,359.98 $22,730 $3,210. CENTRAL RECORDS EXHIBIT lfBf! Series Bond No. 1 2 5 6 7 8 9 10 11 12 13 15 Denomination $ 557.33 557.33 557.33 557.33 557.33 557.33 557.33 557.33 557.33 557.33 557.33 557.33 557.33 557.33 557.33 Date of Maturity July 2, 1959 July 2, 1960 July 2, 1961 July 2, 1962 July 2, 1963 July 2, 1964 July 2, 1965 July 2, 1966 July 2, 1967 July 2, 1968 July 2, 1969 July 2, 1970 July 2, 1971 July 2, 1972 July 2, 1973 I hereby certify that the £oregoing resolution was regularly introduced and adopted by the City Council of the City of South San Francisco at a meeting held this 21st day of by the following vote: regular July , 1958, AYES, COUNCILMEN NOES, " ABSENT, " G. J. Rozzi, Andrew Rocca, Emilio Cortesi, Leo J. Ryan and Patrick E. Ahern None None ATTEST: FILl=' NO. _~'-~ o o