HomeMy WebLinkAbout331 . WJML:JS:am: 12-22-65 8c
1
•
RESOLUTION NO . 3(
A RESOLUTION DETERMINING UNPAID ASSESSMENTS
AND PROVIDING FOR ISSUANCE OF BONDS
SEWER ASSESSMENT DISTRICT NO . 1
RESOLVED, by the City Council of the Town of Los Altos
Hills, California, that
WHEREAS, said Council did on June 21, 1965, pass and adopt
its Resolution of Intention No . 309 relating to the acquisition
and construction of public improvements in said Town 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 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 respec-
tively, reference is hereby made to the assessment and to the
•
diagram recorded in the office of the Superintendent of Streets
of said Town 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 $12,040 .00 and bonds
shall be issued upon the security of said unpaid assessments in
the amount of $12, 039 .90 in accordance with the provisions of the
Improvement Bond Act of 1915 (Division 10 of the Streets and High-
ways Code) and under and pursuant to the provisions of said Resolu-
tion of Intention and the proceedings thereunder duly had and taken
that said bonds shall be fifteen (15) in number, shall be dated
February 2, 1966, 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
of said Town 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 thereon,
shall in turn be payable ininstallments as the general taxes of
said Town on real property are payable, and shall become delinquent
/,
411
. r
the same proportionate penalties for delinquency.
5 . , Said bonds shall be signed by the Clerk and Treasurer
of the Town or bear the Treasurer's engraved, printed or litho-
graphed signature, and the official seal of said Town shall be
affixed thereto . The interest coupons affixed thereto shall be
signed by said Treasurer or bear her 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 bondsand 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
Town 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 con-
secutively. and be substantially in the following form, to wit:
Coupon No . ,$
TOWN OF LOS ALTOS HILLS
SANTA CLARA COUNTY, CALIFORNIA
Will pay to bearer hereof on the 2nd day of
19 at the office of - the Treasurer of the Town of
-Los - Altos Hills, the sum of Dollars ($ )
said sum being the semiannual interest due on
Improvement Bond No .
of Series No .
Treasurer of the Town of Los
Altos Hills
7 . That the Clerk shall. forward to the City Treasurer and
County Auditor a certified copy of this resolution.
h. (,
• III
EXHIBIT "A"
LIST OF UNPAID ASSESSMENTS
TOWN OF LOS ALTOS HILLS
SEWER ASSESSMENT DISTRICT NO. 1
Assessment Assessor's Amount of Ass 'd Val'n
Number Parcel No. Assessment Land Impvt
2 182-16-23 $1,505.00 $2,500 $2,170
3 175-49-4 1,505.00 2,800 7,170
4 175-49-3 1,505.00 2,800 8,530
5 175-49-2 1,505.00 2,800 9,990
6 175-49-1 1,505.00 2,800 8,32o
7 175-50-10 1,505.00 3,000 7,720
12 175-50-5 1,505.00 3,000 10,990
13 175-50-4 1,505.00 3,000 • 9,330
$12,040.00 $21,700 $64,220
y - •
.• - -
EXHIBIT "B„
-Amount of
•SeriesBond No Principal - . Date of Maturity •
•
1965-1 1. $802 .66 July 2, 1967•
• ..
2.. 802 .66 - July 2, 1968. •
•
•
3 802 .66 - July 2,` 1969
4 802 .66 . "July 2, 1970
•
5 802 ,66 July 2, X911 •.
-6 802'.66 July 2, 1972. •
.7•
802 :66 . July 2, 1973..
. _ 8 • . 802 :66 July 2, 1974
- • 9 802 :66 - July 2, 1975
• 10 ., 802 .66. - July 2, 1976.
•
- 11 802.,66 July 2, 1977 .
. 12 802 .66 July 2; 1978
•
13 802 .66. July 2, 1979
•
•
14 .802 .66 • ..July. 2, 1980
- 15 802 .66' July 2, ..1981.
• • ,
I herebycertifythat the foregoing is,3a full, true and
g g �
correct copy of a Resolution duly passed and adopted by the
City Council of the Town of Los Altos Hills, California:, at
a meeting thereof held on the 17th day of January ,
1966 , by the following vote of the members thereof:
AYES, and in favor thereof, Councilmen: Aiken, Bowler,
Clayton, Fowle, Mayor Henley
NOES, Councilmen: None
ABSENT, Councilmen: None
City Clerk o t e Town of Los Altos Hills
APPROVED:
Mayor