HomeMy WebLinkAboutCity Council Resolution 284 WJML: JS: rd 8/9/65
RESOLUTION NO. 284
A RESOLUTION DETERMINING UNPAID ASSESSMENTS
AND PROVIDING FOR ISSUANCE OF BONDS
THE~ AVENUE AREA IMPROVEMENT PROJECT
RESOLVED, by the City Council of the City of Saratoga,
California, that
WEREAS, said Council did on December 16, 1964, pass and
adopt its Resolution of Intention No. 219 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 ~915, 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 August 13, 1965, the City Clerk
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 bearing
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 dis.gram
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
designated upon said diagram and assessment as so confirmed and
recorded, severally and respectively.
3- The unpaid list is in the amount of $20,300.00 and
bonds shall be issued upon the security of said unpaid assessments
in the amount of $20,300.00 in accordance with the provisions of
the Improvement Bond Act of 1915 (Division l0 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 twenty-one (21) in number,
shall be dated September 10, 1965, 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, mnd 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 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 there-
on, shall in turn be payable in installments as the general
taxes of said City on real property are psyable~ 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 litho-
graphed 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 n 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 SARATOGA
SANTA CLARA COUNTY, CALIFORNIA
Will pay to bearer hereof on the 2nd day of
19 at the office o~P
TM the Treasurer
of t:he City~ ~
of aratoga, the sum of
Dollars ($. ) said sum being thg ~emia~
interest due on
improvement Bond No.
of Series No.
Treasurer of the City of Saratoga
7. That the Clerk shall forward to the City Treasurer
and County Auditor a certified copy of this resolution.
I hereby certify that the foregoing is a full, true and
correct copy of a resolution duly passed and adopted by the City
Council of the City of Saratoga, California, a.t a meeting there-
of held on the ~-~-h day of ~;,~.;,s~ , 196D, by the
following vote of the members thereof:
AYES, and in favor thereof, Councilmen:
G~enn~n, T~£er, Burry, H~r£man
NOEB, Councilmen: N~ne
ABSENT, Co~nc ilmen: D~ake
;rk of the
Saratoga
APPROVED~ ~.
4
EXHIBIT "A"
LIST OF UNPAID ASSESSMENTS
CITY OF SARATOGA
THELMA AVENUE AREA IMPROVEMENT PROJECT
Ass't Assessor's Amount of Ass'd Val'n
No. Parcel No. Assessment Land I'~pvt
2 391-ol-38 $4o6.oo $l,42o
4 391-01-36 406 O0 1,480 2,680
6 391-01-3~l h06 O0 1,480 3~300
Y 391-01-33 406 O0 1,~80 2~490
8 391-01-32 406 O0 1~480 2,550
9 391-01-31 406 O0 1,480 2,550
10 391-01-30 406 O0 1,480 3,900
12 391-01-28 406 O0 1,480 2,700
13 391-01-27 406 O0 1,480 2, ZOO
18 391-01-22 406 O0 1,480 2,300
19 391-01-21 406 O0 1~480 2,360
20 391-01-20 ~06 O0 1~ 480 2,090
23 391-01-109 406 O0 1,420 3,550
24 391-01-79 406 O0 !~20 3,340
29 391-01-74 406 O0 1,590 4,790
34 391-01-49 406 O0 1,480 3,670
35 39i-01-~ 406.00 1,480 5,350
36 391-01-47 406.00 1,480 3,550
38 391-01-~5 406.00 1,480 3,370
41 391-01-42 406.00 1,480 ~,800
42 391-01-41 ~06~00 1~700 6,O0O
43 391-01-59 406.00 1,590 4~?60
44 391-01-58 406°00 1~590 3~230
45 391-01-5? 406.00 1~590 3,330
46 391-01-56 406°00 1,590 6,590
4? 391-01-55 406.00 1,590 2,650
49 39t-0t-Z3 406.00 1,590 4,1?0
51 391-01-71 406.00 1~590 6~250
52 391-o1-?o 406.00 1,59o
53 391-01-69 406.00 1,59o
54 391-01-60 406°00 1,59o 5,350
55 391-01-67 406°00 1,59o 5,500
56 391-ol-66 4o6.oo 1,59o 4,360
5Z 391-ol-65 406 ooo 1,590 3~25o
60 391-ol -62 ~06. oo t, 590
62 391-ol-6o 406 .oo 1,590 1,~5o
64 391-o1-81 406.00 1,590 -
69 391-ol-86 4o6.oo 1,59o 4~16o
7o 391-ol-8~ 4o6ooo t,59o 3,51o
71 391-ol-88 4o6 oo 1,59o 3,55o
Z3 391-01-90 406 O0 1~590 2,Z30
Z4 391-01-91 406 O0 1,590 2,800
Z5 391-01-92 ~06 O0 1,480
79 391-01-96 406 O0 t,?00 5~300
82 391-01-99 406 O0 1,590 3,810
84 391-01-101 406 O0 1,590 2,930
87 391-01-104 406 O0 1,590 3,180
88 391-01-105 406 O0 1,590 2,Z80
89 391-01-106 406 O0 1,590 2,y80
90 391-01-10Y 406 O0 1~590 5~050
$so~30o.oo $77~3~0
EXHIBIT "B"
Amount of
Series Bond No. Principal Date of Maturity,
1965-1 1 $ 300.O0 July 2, 1967
2 1,000. O0 July 2, 1967
3 1,000. O0 July 2, 1968
4 1,000.00 July 2, 1969
5 1,000.00 July 2, 1970
6 1,000.00 July 2, 1971
7 1,000.00 July 2, 1972
8 t,000.00 July 2, 1973
9 1,000.00 July 2, 1974
10 1,000.00 July 2, 1975
11 1,000.00 July 2, 1976
12 - 13 2,000. O0 July 2, 1977
14-15 2,000.00 July 2, 1978
16-17 2,000.00 July 2, 1979
18-19 2,000.00 July 2, 1980
20-21 2,000.00 July 2, 1981