HomeMy WebLinkAboutReso 3937-1964RESOLUTION NO. 3927
A RESOLUTION DETERMINING COMPLIANCE WITH DIVISION 4
OF THE STREETS AND HIGHWAYS CODE, AND DETERMINING
TO UNDERTAKE PROCEEDINGS PURSUANT TO SPECIAL
ASSESSMENT AND ASSESSMENT BOND ACTS FOR THE ACQUISI-
TION AND CONSTRUCTION OF IMPROVEMENTS WITHOUT
FURTHER PROCEEDINGS UNDER SAID DIVISION
CABOT, CABOT & FORBES INDUSTRIAL PARK,
UNIT NO. 1
RESOLVED, by the City Council of the City of South San Francisco,
California, that
WHEREAS, a written petition for undertaking proceedings pursuant
to special assessment and assessment bond acts, and to assess the costs
thereof upon the properties benefited, and waiving proceedings under
Division 4 of the Streets and Highways Code, signed by the owner of
said unit in said properties~ has been filed with the City Clerk of
this City for the acquisitions and improvements hereinafter referred
to;
WHEREAS, the costs and expenses of said contemplated acquisi-
tions and improvements are to be chargeable upon an assessment
district, the exterior boundaries of which are described in the
petition and shown on a map thereof on file in the office of the
City Clerk, to which reference is hereby made for further particulars;
WHEREAS, said proceedings are in whole or in part for the
financing of the acquisitions and improvements described in the
petition therefor on file with the City Clerk, and contained or to
be contained in an agreement entered or to be entered into between
Cabot, Cabot & Forbes California Properties, Inc., a Delaware
corporation, as Subdivider, and the City of South San Francisco,
pursuant to Section ll611 of the Business and Professions Code;
WHEREAS, said Subdivider~ pursuant to Section 280~.1 of the
Streets and Highways Code, has submitted written evidence satisfactory
to this Council that the total estimated amount of the proposed assess-
ment will not exceed seventy-five per cent (75%) of the estimated fair
market value of the land proposed to be assessed after the proposed
acquisitions and improvements shall have been made and constructed,
and the Council is fully informed in the premises;
WHEREAS, said owner has furnished the City Clerk with its
affidavit, and any additional evidence which said Clerk may have
required, concerning the existence of mortgages or deeds of trust
on said land and the names of any mortgagees or beneficiaries there-
under, as required by Section 280&.2 of the Streets and Highways
Code;
WHEREAS, the public interest and convenience will be served
by the taking of said proceedings;
NOW, THEREFORE, IT IS HEREBY FOUND, DETERMINED and ORDERED,
as follows:
1. That the owner of more than sixty per cent (60%) in area
of the property subject to assessment for said acquisitions and
improvements who appears to be such on the Assessor's roll on the
day that said petition was filed, or, in the case of transfers of
land or parts thereof subsequent to the date upon which the last
Assessorls roll was prepared, appears to be such on the records in
the County Assessorls office which the County Assessor will use to
prepare the next ensuing Assessor's roll, and as further defined in
Section 2804.2 of the Streets and Highways Code, has signed and
filed with the City Clerk a written petition for acquisition and
improvements pursuant to appropriate special assessment and assess-
ment bond acts, without further compliance with the provisions of
Division 4 of the Streets and Highways Code.
2. That the total estimated amount of the proposed assessment
will not exceed seventy-five per cent (75%) of the estimated fair
market value of the land proposed to be assessed in Cabot, Cabot &
Forbes Industrial Park, Unit No. 1, after the proposed acquisitions
and improvements have been made and constructed.
3. That said owner, as specified in Section 2804 of the
Streets and Highways Code, has furnished the City Clerk with its
affidavit and any additional evidence which said City Clerk may
have required, concerning the existence of mortgages or deeds of
trust on that portion of said lands to be assessed which is for the
financing of the acquisitions and improvements initiated under an
agreement entered into or proposed to be entered into pursuant to
Section 11611 of the Business and Professions Code, and the names
of any mortgagees or beneficiaries thereunder, and said City Clerk
has not required any additional evidence referred to above, all in
strict compliance with the requirements of Section 2804.2 of the
Streets and Highways Code·
4-. That said proceedings shall be had pursuant to the
Municipal Improvement Act of 1913 and bonds upon the unpaid assess-
ments thereof shall be issued pursuant to the Improvement Bond Act
of 1915.
5. That provisions of Division 4 of the Streets and Highways
Code other than those referred to herein be, and they are hereby,
dispensed with.
I hereby certify that the fore~oin~ resolution was
regularly introduced and adopted by the City Council of the
City of SouGh San Francisco at a regular meetin~ held this
18th day of May, 1964, by the followin~ vote:
AYES, COUNCILMEN
Patrick E. Ahern~ Frank Bertuce!li, Emilio
Cortesi, Andrew Rocca, and Guido J. Rozzi
NOES, " None
ABSENT, " None
ATTEST:
CITY CLERK