HomeMy WebLinkAbout366-1/2 - Unpaid Assessments1
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RESOLUTION NO.c)�P
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A Resolution of the Board of Trustees of the city of New-
port Beach determining the unpaid assessments and aggregate amount
thereof for the work done under Resolution of Intention No. 323 of
said city, and determining the issue of bonds upon the security of
such unpaid assessments.
Resolved, that on the 11th dayof January, 1926, the
street superintendent of the city of N =wport Beach filed in the
office of the clerk thereof, a complete list of all assessments
unpaid upon any assessment for the work done and improvement made
under Resolution of Intention No. 323 of the city of Newport Beach
passed on the 16th day of February, 1925; the said Clerk thereupon
gave notice of the filing of said list by posting notice on the
council chamber door of the Board of Trustees and kept the same
there posted for five days,and by publication of said notice twice
on the 11th and 18th days of February, 1926, in NEWPORT NEWS, a
neTspaper of general circulation printed, published, aid circulated
in the city of Newport Beach, the date of the posting of said notic
and the first publication thereof being more than five days prior
the 1st day of March, 1926, the date of the hearing fixed by the
Clerk and therein noticed, and also bF mailing said notice to the
owner of each lot listed according to the name and address appear-
ing on the last equalized assessment roll of thecity of Newport
Beach,the same being mailed on the 23rd day of February, 1926.
The said notice referred to Resolution of Intention No.
323 and the date of its passage, and for a description of the wack
therein mentioned, and fixed the let day of march, 1926, at the
hour of 7:30 o'clock p;m. in the council chamber of the Board of
Trustees, in the City Hall of the city of Newport Beach, as the
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time and place when interested persons might appear be "Ore the beard
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of trustses and show cause why bonds should not be issued upon the
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security of the unpaid assessments shown on said list.
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Resolved, that no person appeared to shone or did short any
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cause or object thereto.
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The Bwd of Trustees of the city of Newport Beach hereby
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determines that the assessments shown upon the list thereof so fil-
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ed with the Clerk are and remain unpaid, and the aggreg - ^te amount
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thereof is the sum of $19,761,45, and that bonds shall be issued
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upon the security of such unpaid assessments in the total sum of
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$19,761.45; all of such bonds shall be in the denomination and
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payable at the date to be sneoified therein and as follows:
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Amount Maturity Amount P"aturity
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'1000100 July 2, 1927 1000.00 July 2, 1935
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3i7.43 317.43 It
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1000.00 ++ 1°928 1000.00 1936
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317.43 ++ +' +' 317.43 IT It If
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1000.00 +' 1929 1000.00 1937
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317.43 " " " 317.43 IT IT "
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1000.00 it IT 1930 1000.00 IT it 1936
317.43 IT IT it 317.43 it it IT
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1000.00 " " 1931 1000.00 " it 1939
317.43 It ', +i 317.43 If IT it
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1000.00 IT IT 1932 1000.00 It It 1940
317.43 it ° " 317.43 It it IT
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1000.00 it ^ 1933 1000.00 If It 1941
317.43 If it if 317.43 it It
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1000.00 IT " 1934
317.43 it "
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All of said bonds and the money thereby represented shall
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bergs interest at the rate of �7 per cent. per annum from the
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11th day of January, 1936, to the date of payment and interest shag
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be paid on the 2nd day of July and January, commencing with the 2nd
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day of Januar-, 1927, and the bonds shall be issued in annual series,
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being series gee. The bonds and interest coupons shall be
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dated Parch 1st, 1926, and numbered from 1 to 30, both inclusive.
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The bonds and interest coupons attached thereto shall be
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issued substantially in the form prescribed by the Improvement Bond
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act of 1915, and shall be executed by the proper officers of the
ciaty of Newport Beach, and forthwith delivered to Quirk Bros., the
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assignee of the contractor, in satisfaction of the balance due
upon the assessment and warrant.
I hereby certify the above and foregoing Resolution No.
was duly introduced before and gassed by the Board of
Trustees of the city of Neirmort Beach at a regular meeting thereof
held the 1st day of = arch,1926.
Witness my signature and the seal of the city of
Newport Beach this 1st aay of Yarch, 1926.