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HomeMy WebLinkAbout614 - Assessment 74 - Seville Avenue & Other Improvementsi RESOLUTION 1100 LIC A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NE59'�PORT BRACE CALIFORNIA HE- LAT114G TO THE ISSUANCE OF STREET IIM- FROMENT BONDS PURSUANT TO MOLUTION OF INTENTION IIO. 545, DETEMINING ME ALMUNT OF UNPAID ASSFSSIMTS, PRFSCRIB- ING 113E DENOMINATIONS OF SUCH BONDS AND PROVIDING FOR MBIR ISSUANCE WHEMS, pursuant to statute, notice of filing list of unpaid assessments was duly given in the manner and form required by law, that the warrant, assessment and dia- gram recorded on the 20th day of Lay, 1930, for the work and Improvement made by FLE011G ,CONSTRUCTION CO. upon that certain contract awarded to it on tho 16th day of December, 1929, on Seville Avenue and other streets in said City, and that said warrant, assessment and diagram were returned to the Superin- tendent of Streets, together with a written statement of all payments received upon the said assessment, and after the full expiration of thirty (30) full days from the date of the said warrant, the said Street Superintendent duly made and filed with the City Clerk of the said City of Newport Beach a complete list of all assessments unpaid upon tho said assessment, which list is now on file in the office of the City Clerk of the said City, now upon evidence shown this Council determines that the aaseas- ments therein mentioned were then unpaid, the total.aggregate thereof being the sum of Thirty -nine Thousand Four IIandred Seventy -four and 47/100 Dollars (039,474.+17). That assessmenV numbered 11 aggregating the sum of cc Dollars ( Zo. N ), and no others, have since been paid, and that there now remains unpaid the sum of Dollars upon the assessments shown upon the said list other than those 1 • 0 . Il } hereinbefore last noted, as having been paid, Reference is hereby made to Resolution of Intention Now 543 of the City Council of the City of Newport Beach, California, passed on the 12th day of November, 1929, for a complete description of the work herein mentioned, and also to the list of unpaid assessments filed as above noted, for the-assessments unpaid, and WHEREAS, interested persons were notified in the manner required by lain to appear before the City Council of the said City of Newport Beach, California, in the Council Chamber of the City Sall in the said City, at.the hour of a ,"tin- thirty {7:30) otolock p.m., of Monday, the 7th day of July, 1930, and 'show cause why bonds should not be issued upon the security of the unpaid assessments shown on the Street Superintendent's list, and WHEREAS, notice mss duly given in the manner and form required bylaw that serial bonds to represent unpaid assessments and bearing interest at the into of seven per cent (7,%) per annum, will be issued hereunder in the manner provided by the "Improvement Bond Act of 1915"1 the last installment of which bonds shall mature fourteen (14) years from the 2nd day of July next succeeding ten (10) months from their date. And all interested persona having appeared before this City.Cournoil and having been given full opportunity to show cause why bonds should not be issued upon the security of the unpaid assessments shown on the said list, and all ob- jeotions presented having been heard and considered, I OW, THEREFORE, BE IT RESOLVED, that the City Council does hereby ,find and determine that no cause has been shown why bonds should not be issued upon the security of the unpaid 2 • aaeecc -qente. end daco hereby overrule all objections thereto cnd does iiircct the io-1=1ace of ocid bonds, cnrl fawthea ?37, 17 P ATTED AS FOLI.0:,.G: That serial bonds ohcll be Issued upon the aeourity of tine said uuria ld aaccoGsonta to the said asount of Thirty nine thouoand fifty four and 17 /100 rollarsa (ti3J,054.47).. The said bonds shall be forty -five In nuabcr, Imo-m known as Oedieo "feu, and shall bo dated the 7th day of July,19 0, and bear interest at the rate of coven ?dr cent (7'.) per annun, coed the denominations of the said bonds and the dates of the ro pective.sLaturitioc thereof shall be as follais: Dond l o. Ar..ovsit Data of 1 :aturlty 1 :;;.1000..{30 July 2, 1931. '� 1000.00 3 603.03 u 4 1000.(30 July 2, 1932. . 6 i000.00 " 6 603.63 " 7 1000.00 July w, 1033. Cl 1000.00 0 9 CO3.63 " 10 1000.00 July 2, 19;:x. 11 1000.00 12 603.63 u 13 1000.00 July 20 1035. ill 1000.00 16 603.03 " Ifs 2000.00 July d, 1036. 17 '1000.00 11' 16 603.63 u - 10 10'")',).00 July 2, 1037. 2;G 1C',)0.00 u 21 6")3.63 " 22 1000.00 July 2, 1930. 23 1001. 2n /v0_ LJ'..Czj 0 M 7 rond.lo. Arm -unt 26 ;1000.€30 ze 1000.00 27 COO.e3 0=.00 29 1030.430 30 603.63 3l 1000.00 icy 1000i'00' 33 03.63 W 4 1000.00 35 1000.00 30 6,03.63 37 lof"0.00 35 1000.,00 39 603.613 140 1000.00 131 1000.00 42 e03.63 Pato of 'atusity July, 1030. ti July 2. 19140.. July H, 1931. it July W, 132 it n July 20 1943. n July 2, 1914n. u 0 43 1000.00 July G, 10155. IS4 l=r��ry,).i0/0! it 45 r-03. G 3 ft The first coupon of xntereot shall be for the Snteseet from tho ZOth clay of Jute, LOAM, to the 2nd day of January, 1531, and the boverc 1 cou -aons of interest thercofter ohall be for the cc ;U- annual interest, and B2 IT i"a;MV'P -31" i'iAV --D, that the signature of the TreaGUrer of the City of Be- mart .Doech upon the cau!�oaa. attached to the said bonds cha11 bo 1:ithoEraphod or printed elenz.turc in place of oigintuxo by ha=', and B : IT Ct+3D n7f3OivF'1Z1, fhot the City Clerk of the caid 01ty of ncuport Beach, !'c? ifornla, be and he is hereby authorized and dircotod to dolivcr forthwith the bonda ho2oinbolore omanc6- aced to +'V -17;= fi. ri :; di:J`r nk). in GutUGf. Cti.oin of the bC1- -Ylcn duc u ?on its asses=,ont =r; ''�ircnt. • I HEREBY CERTIFY that the foregoing resolution was duly and regularly passed by the City Council of the City of Newport Beach, California, at a regular meeting hold on the 7th day-of July, 1930s, by the following vote, to -wit: AYES: Councilmen NOFSt Councilmen ABSNIT: Councilmen E? Attest: City Glerk of e City or— Newport Beach,, California. 5 yor of e CIty of Newport Bea ch, California.