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HomeMy WebLinkAbout89-15 - Assessment District 57 - Corona HighlandsRESOLUTION NO. 89-15 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH, CALIFORNIA, MAKING APPOINT- MENTS IN A�SPECIAL ASSESSMENT DISTRICT WHEREAS, the CITY COUNCIL of the CITY OF NEWPORT BEACH, CALIFORNIA, is considering the formation of a special assessment district, pursuant to the terms `40 and provisions of the "Municipal Improvement Act of 1913 ", being Division 12 of the Streets and Highways Code of the State of California, for the construction of certain public works of improvement, together with appurtenances and appurtenant work, said special assessment district to be known and designated as ASSESSMENT DISTRICT NO. 57 (CORONA HIGHLANDS UTILITY CONVERSION) (hereinafter referred to as the "Assessment District "); and, 'WHEREAS, at this time, this legislative body is desirous of making the required appointments and designating persons to perform certain duties, in order to allow the proceedings to go forward to completion in accordance with the provisions of law. NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWSt SECTION 1. That the above recitals are all true and correct. SECTION 2. That the PUBLIC WORKS DIRECTOR is hereby appointed to perform all of the duties and functions of the Superintendent of Streets as said duties are specified and designated in the "Municipal Improvement Act of 191311, being Division 12 of the Streets and Highways Code of the State of California, for the above - referenced Assessment District. SECTION 3. That the place for recordation of the assessment roll and diagram shall be in the Office of the Superintendent of Streets, and said assessment roll and diagram, upon recordation, shall be kept as a permanent record. SECTION 4. That the DAILY PILOT is hereby designated as the newspaper for all publications as required by law and as necessary for completion of this Assessment District. SECTION 5. That PROFESSIONAL ASSESSMENT SERVICES, INC. is hereby appointed the Assessment Engineer for said proceedings, and said Assessment Engineer shall perform all of the duties and responsibilities as set forth by law as they relate to said • Assessment District. SECTION 6. That BROWN & DIVEN, Attorneys at Law, is hereby appointed to act as Bond Counsel for the purposes of preparing proceedings and issuing an approving opinion attesting to the validity of the proceedings and the enforceability of the bonds. SECTION 7. That BOND COUNSEL is hereby appointed as the person to obtain a • proposal or bid for the sale of bonds to be issued in order to finance said proceedings, and said bonds are to be issued pursuant to the terms and provisions of the "Improvement Act of 191111, being Division 7 of the Streets and Highways Code of the State of California. SECTION B. That this legislative body hereby establishes a special IMPROVEMENT FUND designated by the name and number of the Assessment District, and into said fund shall be placed all proceeds from the sale of bonds and cash collections. In order to expedite the improvements or acquisition under these proceedings and as authorized by law, funds from any available source may be transferred into said special fund. Any funds transferred are a loan to the fund and shall be repaid out of the proceeds of the Bale of bonds, including authorized incidental expenses, as well as coats for the construction of the authorized public improvements, all as required and authorized by law, and specifically Section 10210 of the Streets and Highways Code of the State of California. APPROVED and ADOPTED this 27th day of :larch. in 1 1989. MAYOR CITY OF NEWPORT BEACH STATE OF CALIFORNIA ATT ST: CITY CLERK G CITY OF NEWPORT BEAC STATE OF CALIFORNIA • 0 STATE OF CALIFORNIA COUNTY OF ORANGE CITY OF NEWPORT BEACH I, WANDA E. RAGGIO, CITY CLERK of the CITY OF NEWPORT BEACH, CALIFORNIA, DO HEREBY CERTIFY that the foregoing Resolution, being Resolution No. 89_15 , was duly passed, approved and adopted by the City Council, approved and signed by the Mayor, and attested by the City Clerk, all at the regular meeting of said City Council held on 27th day of March, 1989, and that the same was passed and adopted by the following vote: AYES: COUNCIL MEMBERS NOES: COUNCIL MEMBERS ABSENT: COUNCIL MEMBERS ASTAINED: COUNCIL MEMBERS EXECUTED this day of Beach, California. TURNER, SANSONE, PLUMMER, STRAUSS, HART, COX, WATT NONE NONE Rforiy dall-� ) , 1989, at. Newport ALdl - CITY CLERK CITY OF NEWPORT BEACI STATE OF CALIFORNIA