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HomeMy WebLinkAbout827 - Tract 518 Improvementsea RESOLUTION NO. PRELIMINARY DETETRMINATION OF LEGISLATIVE BODY UNDER °SPECIAL ASSESSMENT INVESTIGATION, LIMITATION AND MAJORITY PROTEST ACT OF 19311 AND AMENDMENTS THERE(DO. BE IT RESOLVED by the City Council of the City of Newport Beach that certain improvements are proposed to be done and made within the boundaries of the proposed assess- ment district hereinafter described. In connection there- with said City Council hereby finds and determines as follows, to -wit: 1. That the nature of the proposed improvements consists of a wooden bulkhead to protect Channel Road and other property in the City of Newport Beach from overflow by water. 2. The location and extent of the proposed improve- melts will involve the construction of the above described improvements upon the following described tide lands or submerged lands owned by the City of Newport Beach, within the boundaries of the proposed assessment district herein- after described, to -wit: Adjacent to and easterly of the easterly line of Lot M, as shown on a map of Tract No. 518, as recorded in Book 17, pages 33 to 36 inclusive of Miscellaneous Maps, Records of Orange County, California, and the easterly line of Lot 1 of Block P of said Tract No. 518 and extending from a line parallel with and 14.50 feet southerly of the easterly prolongation of the northerly line of Lot 16 of said Block P to the easterly prolongation of the southerly line of Lot 1 of said Block P. 3. All of the proposed improvements are shown on the plans, profiles and cross sections for the improvement of r-1 I Sheet 2. certain tide lards and submerged lands in the said city, being Plan No. 399, consisting of one sheet, on file in the office of the City Clerk of said city and described in the specifications for the improvement of certain tide lands and submerged lands in the said city, heretofore approved ' • by the City Council of said city, and reference is hereby made to the said plans, profiles, cross- sections and spe- cifications for a further, full and more particular des- cription of the said improvement and by reference thereto the same are incorporated herein and made a part hereof. 4. The boundaries of the district of lauds proposed to be specially assessed to pay the costs and expenses of sw h proposed work and improvement are generally defined as follows, to -wit: Beginning at the northwest corner of Lot 16 of Block P, as shown on a map of Tract No. 518, recorded in Book 17, pages 33 to 36 inclusive, of Miscellaneous Maps, Records of Orange County, California, running thence easter- ly along the northerly line of said Lot 16 and the easterly prolongation of the said northerly line, a distance of 110 feet; thence southerly along a line parallel to the easterly line of said Tract No. 518 to an intersection with the eas- terly prolongation of the southerly line of Lot 1 of said Tract No. 518; thence westerly along the last mentioned easterly prolongation and the southerly line of said Lot 1 to the most southerly corner of said Lot 1; thence northerly along the westerly line of said Block P to the point of be- ginning. A plat of said district indicating by a bmundary line the extent of the lands included within the proposed :% Sheet 3. assessment district, numbered 398, approved by the City Couhnil on the 4th day of June, 1934 is on file in the office of the City Clerk of said city. Reference is here- by made to said plat, so on file for a further, full and 5. The statute under which it is proposed to con- duct proceedings for the proposed improvement is the "Im- provement Act of 191111, approved April %, 1911 and Amend- ments thereto, with serial bonds bearing interest at the rate of seven per cent ( % %) per annum to be issued to re- present each assessment of twenty -five and no /100 ($25,00) dollars, or more remaining unpaid for thirty (30) days after the date of the warrant, said serial bonds shall ex- tend over a period ending nine (9) years from the second day of January next succeeding the fifteenth day of the next November follorrIng their date. Payments on the princi- pal of unpaid assessmeats and interest shall be made by the property owners to the City Treasurer, and the same shall be disbursed by him, all asprovidedin the "Improve- ment Act of 19111' hereinbefore referred to. I hereby certify that the foregoing resolution waa duly and regularly adopted by the Countil of the City of Newport Beach at a regular meeting thereof, held June 4th, 1934, by the following v/(;�otte, to' -`wit: AYES: Couneilme .or�on. .�ui r«�e�oer , U^ac, ear) rC ef. NOES: Councilmen ABSENT: Councilmen • (Seal) City Clerk of Newport Beach. more complete description of said assessment district and the said plat so on file as aforesaid. 5. The statute under which it is proposed to con- duct proceedings for the proposed improvement is the "Im- provement Act of 191111, approved April %, 1911 and Amend- ments thereto, with serial bonds bearing interest at the rate of seven per cent ( % %) per annum to be issued to re- present each assessment of twenty -five and no /100 ($25,00) dollars, or more remaining unpaid for thirty (30) days after the date of the warrant, said serial bonds shall ex- tend over a period ending nine (9) years from the second day of January next succeeding the fifteenth day of the next November follorrIng their date. Payments on the princi- pal of unpaid assessmeats and interest shall be made by the property owners to the City Treasurer, and the same shall be disbursed by him, all asprovidedin the "Improve- ment Act of 19111' hereinbefore referred to. I hereby certify that the foregoing resolution waa duly and regularly adopted by the Countil of the City of Newport Beach at a regular meeting thereof, held June 4th, 1934, by the following v/(;�otte, to' -`wit: AYES: Couneilme .or�on. .�ui r«�e�oer , U^ac, ear) rC ef. NOES: Councilmen ABSENT: Councilmen • (Seal) City Clerk of Newport Beach.