HomeMy WebLinkAboutReso 3690-1963 RESOLUTION NO. B690
A RESOLUTION DETERMINING UNPAID ASSESSMENTS AND PROVIDING FOR ISSUANCE OF BONDS
NORTH AIRPORT BOULEVARD CURB, GUTTER AND SIDEWALK PROJECT
RESOLVED, by the City Council of the City of South San
Francisco, California, that
WHEREAS, said Council did on September 4, 1962 pass and
adopt its Resolution of Intention No. 3552 relating to the con-
struction of public improvements in said City under and pursuanb
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 28, 1962, the Superintendent
of Streets has filed with the City Treasurer a list of all assess-
ments 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 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 several lots
represented by said assessment numbers being so numbered and desig-
nated upon said diagram and assessment as so confirmed and recorded,
severally and respectively.
3. The unpaid list is in the amount of $1,363.01 and bonds
shall be issued upon the security of said unpaid assessments in
the amount of $1,363.01 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 Reso-
lution of Intention and the proceedings thereunder duly had and
taken; that said bonds shall be fifteen (15) in numhe~, shall be
dated March 2, 1963, and bear interest from their date at the rate
of five per cent (5%) 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.
~. 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 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 proportionate penalties for delinquency.
5. Said bonds shall be signed by the Clerk and Treasurer of
the City or bear the Treasurer's engraved, printed or lithographed
signature, and the official seal of said City shall be affixed
Shereto. The interest coupons affixed thereto shall De signed by
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said Treasurer or bear his engraved, printed or llShographed
signature; and such signing and sealing of said bonds by said
officers and signing of-said coupons by said Treasurer shall con-
s$itute and be a sufficient and binding execution of each and
every one of said bonds and all of the coupons thereof respec-
tively. Said bonds shall be substantially in the form set forth
in the Improvement Bond Act of 1915. 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 FRANCISO0
SAN MATEO COUNTY, CALIFORNIA
Will pay to bearer hereof on the 2nd day of
19 aS the office of the Treasurer of the City of
Sou~ San Francisco, the sum of Dollars
($
due on
) said sum being the semi-annual interest
Improvement Bond No.
of Series No.
Treasurer or ~ne cl~ or ~ousn
San Francisco
7. That the City Clerk shall forward to the City Treasurer
and County Auditor a certified copy of this resolution.
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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
meeting held this 18th day of
by the following vote:
regular
March , 1963,
AYES, C OUNC ILMEN
NOES, "
ABSENT, "
ATTEST:
CITY CLERK
EXHIBIT "A"
LIST OF UNPAID ASSESSMENTS
CITY OF SOUTH SAN FRANCISCO
NORTH AIRPORT BOULEVARD CURB, GUTTER AND SIDEWALK IMPROVEMENT
Ass't Assessor's
No. Description Parcel No. Amount
1 Lot 20, Block C 12-095-1 $ 294.81
2 Lots 21, 22, Block C 12-095-18 419.62
5 Lot 27, Block C 12-095-~ 294.81
6 Lot 28 and 5 feet of 12-095-5 353.77
Lot 29, Block C
$1,363.01
EXHIBIT "B"
Bond No.
1
2
5
6
?
8
9
10
11
12
14
15
Denomination
$ 91.n
90.85
9o.85
9o.85
9o.85
90.85
9o.85
9o.85
90.85
9o.85
9o.85
90.85
90,85
90.85
90.85
Date of Maturity
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
July 2, 197~
July 2, 1975
July 2, 1976
July 2, 1977
July 2, 1978