HomeMy WebLinkAboutReso 4454-1966 RESOLUTION NO. 4454
A RESOLUTION DETERMINING UNPAID ASSESSMENTS
AND PROVIDING FOR ISSUANCE OF BONDS
CABOT, CABOT & FORBES INDUSTRIAL PARK
UNIT NO. 1-A
CARLTON COURT
RESOLVED, by the City Council of the City of South
San Francisco, California, that
WHEREAS, said Council did on February 7, 1966, pass
and adopt its Resolution of Intention No. 4369, relating
to the acquisition and construction 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 Inten-
tion hereby being expressly made for further particulars;
WHEREAS, notice of the recordation of the assess-
ment 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 a list
of all assessments which now remain unpaid has been pre-
pared and filed~ 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, sever-
ally and respectively, 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 assess-
ment numbers being so numbered and designated upon said
diagram and assessment as so confirmed and recorded~ sever-
ally and respectively.
3. The unpaid list is in the amount of $72,000.00
and bonds shall be issued upon the security of said unpaid
assessments in the amount of $72,000.00 in accordance with
the provisions of the Improvement Bond Act of 1915 (Division
10 of the Streets and Highways 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 seventy-two (72) in number~ shall be dated May 4,
1966, and bear interest from their date at the rate of not
to exceed six percent (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 of said City and determined by said Council,
together with the interest thereon, shall remain and con-
stitute 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
2
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 pro-
perty 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 thereto. Said seal may be
affixed by printed, lithographed or other reproduction
thereof. 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 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 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 fol-
lowing form~ to wit:
On the 2nd day of
The CITY OF SOUTH SAN FRANCISCO will pay 19
to bearer hereof at the office of the
Treasurer of said City, in the City of
South San Francisco, County of Sah Mateo,
California, the sum shown hereon, being $
interest then due on Improvement Bond,
Cabot, Cabot & Forbes Industrial Park
Unit No. 1-A~ Carlton Court, City of South
San Francisco, dated May 4, 1966. Coupon No.
Treasurer Series 69 Bond No.
7. That the City Clerk shall forward to the City
Treasurer and County Controller a certified copy of this
resolution.
Co~'+~ ~-~ndrew Rocca ~nd Guido J.
~lon~
ATTE?T~
Assessment
Number
5o
51
53
55
56
57
58
59
6o
61
LIST OF
CABOT, CABOT
Lot
10
11
12
14
15
17
20
21
22
25
EXHIBIT "A"
UNPAID ASSESSMENTS
& FORBES INDUSTRIAL
UNIT NO. t-A
CARLTON COURT
PARK
Total
Block
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Assessment
Amount
4,872 .oo
4,943. O0
2,057. O0
l, 941.00
l, 941. O0
2,202. O0
6,937. OO
3,127. O0
3,186. O0
4,076. OO
5,756.00
7,560. O0
3,847. O0
3,847.OO
8,132. O0
7,576. O0
$72,000.00
EXHIBIT "B"
Series
69
Bond Nos.
(Inclusive)
i - 2
3 - ?
8 - 12
13 - 17
18 - 22
23 - 32
33 - 42
43 - 52
53 - 62
63 - 72
Amount of
Principal
$ 2,000
5,000
5,000
5,000
5,000
10,000
10,000
10,000
10,000
10,000
Date of
Maturity
July 2, 1967
July 2, 1968
July 2, 1969
July 2, 1970
July 2, 19?l
July 2, 1972
July 2, 1973
July 2, 1974
July 2, 1975
July 2, 1976