HomeMy WebLinkAboutReso 3645-1963 RESOLUTION NO. 3645
A RESOLUTION DETERMINING UNPAID ASSESSMENTS AND
PROVIDING FOR ISSUANCE OF BONDS
PECK'S SUBDIVISION NO. i
RESOLVED, by the City Council of the City of South San
Francisco, California, that
WHEREAS, said Council did on February 5, 1962, pass and
adopt its Resolution of Intention No. 3384 relating to 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 December 20, 1962, the Superintendent of
St~e~s filed wi~h the City Treasurer a list of all assessments
~maining 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:
t. 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 bearing
the respective assessment numbers set forth in said unpaid list
and upon which assessments remain unpaid, severally and respec-
tively, reference is hereby made to the assessment and to the
diagram recorded in the office of the Superintendent of Streets
of said City after confirmation by said Council, the s~everal lots
represented by said assessment numbers being so numbered and
designated upon said diagram and assessment as so confirmed and
recorded, severally and respectively.
3. The unpaid list is in the amount of $17,961.26 and bonds
shall be issued upon the security of said unpaid assessments in the
amount of $17,961.15 in accordance with the provisions of the Im-
provement Bond Act of 1915 (Division l0 of the Streets and Highways
Code) and under and pursuant to the provlsions of said Resolution
of Intention and the proceedings thereunder duly had and taken;
that said bonds shall be thirty (30) in number, shall be dated
January 16, 1963, and bear interest from their date at the rate of
not to exceed six per cent (6%) 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 corre-
sponding in number to the number of series of bonds issued, and an
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 due 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 pro-
portionate 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 lithograph-
ed signature, and the official seal of said City shall be affixed
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thereto. The interest coupons affixed thereto shall be signed by
said Treasurer or bear his engraved, printed or lithographed
signature~ and such signing and sealing of said bonds by said
officers and signing of said coupons by said Treasurer shall con-
stitute 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 1915. Said Clerk and Treasurer 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:
Coup on No. $
CITY OF SOUTH SAN FRANCISCO
SAN MATEO COUNTY, CALIFORNIA
Will pay to bearer hereof on the 2nd day of
at the office of the Treasurer of the City of South
San Francisco, the sum of Dollars ($
said sum being the semi-annual interest due on
Improvement Bond No.
of Series No.
Treasurer of the City of
South San Francisco
7. That the City Clerk shall forward to the City Treasurer
and County Auditor a certified copy of this resolution.
3
I hereby certify that the fore~oin_~ resolution
was re_~ularly introduced and adopted by the City Council
of the City of South San Francisco at a
meetin~ held this 7th day of
1963, by the followin~ vote:
reCular
January
AYES, COUNCILMEN
NOES, "
ABSENT, "
Patrick E. Ahern, Emilio Cortesi,
Andrew Rocca, and G. J. Rozzi
None
None
AT~ST:
CITY CLERK
ABS~
No.
2
3
7
8
9
lo
11
12
13
14
15
16
0
21
23
25
27
28
29
3O
31
34
36
Blk.
U
U
U
U
U
U
U
U
LIST OF UNPAID ASSESSMENTS
CITY OF SOUTH SAN FRANCISCO
PECK' S SUBDIVISION NO. I
Assessor's
Lot Parcel No.
14 12-081-74
15
16 / 12-081-75
17
18 ! 12-081-76
19 112-081-77
2O
21 12-081-78
12-081-63 & 64
2322 ! 12-O81-86
24 ) 12-081-85
25
26 12-O81-80
27 & 28 12-081-81 & 82
38 12-081-50
12-081-49
42 12-O81-48
44 12-O81-47
46 12-081-46
48 12-081-45
1 12-085-1
8 12-085-7
lO 12-o85-8
12 12-085-9
11
)
12-O85-10
9 )
9 12-084-7
6&-~o£8 12-083-6
{of8a9 12-083-7
10 12-O83-10
Assessed V~luation
Amount ~and
$ 137.23 $175 $1,840
548.93
I 450 3,460
548.93
548.93 ) 350 2,160
548.93
)
548.93 350 1,640
548.93
548.93 175 1~200
1,224.75 225 1,200
543.96
537.60 185 1,74o
534.42 ) 115 -
534.42
)
534.42 175 -
1,o68.63 425 8, 68o
512.~3 170 -
511.15 250 -
511.15 250 6,56o
638.63 700 1,96o
638.63 700 2,300
638.63 350 2,280
670.95 175 -
638.63 175 -
51o.95638'63 t 350 2,000
623.72 700 1,860
202.O7 725 4,110
466.20 800 3,810
779.25 175 -
$17,961.26 $8,485 $46,800
All in Peck's Ht. Subd. No. 4 and
Map of Peck's Subd. No. 1
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EXHIBIT "B"
Series
64
Bond No.
1
2
3
5
6
8
9
10
11
12
13
15
16
17
18
19
20
21
22
23
24
25
s6
27
28
29
3o
Denomination
$ 1,ooo.oo
197.41
1,000.00
197.41
1,O00.00
197.41
1,000.00
197.41
1,000.00
197.41
1,OOO.O0
197.41
1,000.00
197.41
1,O00.O0
197.41
1,000.00
197.41
1,OO0.00
197.41
1,000.00
197.41
1,000.O0
197.41
1~000.00
197.4I
1,OO0.00
197.41
1,O00.O0
197.41
Date of Maturity
July 2, 1964
July 2, 1964
July 2, 1965
July 2, 1965
July 2, 1966
July 2 1966
July 2, 1967
July 2, 1967
July 2, 1968
July 2, 1968
July 2, 1969
July 2~ 1969
July 2, 1970
July 2, 1970
July 2, 1971
July 2, 1971
July 2, 1972
July 2, 1972
July 2, 1973
July 2, 1973
July 2, 1974
July 2, 1974
July 2, 1975
July 2, 1975
July 2, 1976
July 2, 1976
July 2, 1977
July 2, 1977
July 2, 1978
July 2, 1978