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t <br />RESOLUTION `4if). <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF NEWPORT BEACH ORDERING THE SU- <br />PERINTENDENT OF STREETS OF SAID CITY TO <br />PREPARE A REPORT..',AND AN AMEIrNED ASSESS- <br />MENT OF ASSESSMENT!NO. 1405 FOR THE IM- <br />PROVEMENT OF CENTRAL AVENUE AND CERTAIN <br />OTHER STREETS AS PER RESOLUTION OF IN- <br />TENTION NO. 196. <br />WHEREAS, an assessment to cover the cost and expenses <br />of the improvement of Central Avenue and certain other streets <br />in the City of Newport Beach, as provided in Resolution of In- <br />tention No. 196 adopted by the Board of Trustees of said City <br />on'the 7th day of August, 1922, was made by the.Superintendent <br />of Streets'of said City and duly recorded in his office on the <br />11th day of September, 1923; <br />AND WHEREAS, the said Resolution of Intention and the <br />said assessment provided that the improvement was to be done <br />under the provisions of the "Improvement Act of 1911 ", and that <br />bonds would issue on all unpaid assessments bearing interest <br />at the rate of 7�t per annum in the manner provided by the <br />"Improvement Bond Act of 1915 ", the last installment of which <br />bonds were to mature fourteen (14)-years from the 2nd day of <br />July next succeeding nine (9) months from their date; <br />AND WHEREAS, certain .property as represented by <br />Assessment No. 1405 in.said assessment was assessed therein <br />as Assessment No. 1405 for the total sum of $12,379.84; <br />AND WHEREAS, there now remains an unpaid balance of <br />said amount as represented.by said Assessment No. 1405,exclusive <br />of the year 1931 collection, the aggregate sum of 6,602.56; <br />AND WHEREAS, since the recording of said assessment <br />the property represented by said Assessment No. 1405 herein <br />referred to has been subdivided into lots and certain portions . <br />of said subdivision are now laid out into streets and alleys, 1-k; �` ` <br />1 <br />